B of A Short Sale - Buyers Need Epidural http://www.sacramentorealestatevoice.com/2009/05/27/b-of-a-short-sale-buyers-need-epidural/ Sacramento CA real estate specialist, Gena Riede offers expert advice, neighborhood videos, Home Buyer and Home Seller tips, MLS access to NEW homes for sale Fri, 10 Sep 2010 12:32:54 +0000 hourly 1 http://wordpress.org/?v=3.0.1 B of A Short Sale - Buyers Need Epidural http://www.sacramentorealestatevoice.com/2009/05/27/b-of-a-short-sale-buyers-need-epidural/comment-page-1/#comment-1542 Gena Riede Mon, 01 Jun 2009 05:03:30 +0000 http://sacramentorealestatevoice.com/?p=1959#comment-1542 Since we will see more Short Sales I agree with you, "Banks need to speed up the short sale process and get some of this inventory off the market"! The Home Buyers would certainly appreciate it. Since we will see more Short Sales I agree with you, “Banks need to speed up the short sale process and get some of this inventory off the market”! The Home Buyers would certainly appreciate it.

]]> B of A Short Sale - Buyers Need Epidural http://www.sacramentorealestatevoice.com/2009/05/27/b-of-a-short-sale-buyers-need-epidural/comment-page-1/#comment-1541 Dan Simon - Charleston SC Real Estate Thu, 28 May 2009 20:14:39 +0000 http://sacramentorealestatevoice.com/?p=1959#comment-1541 Very good points, thanks for sharing. Short sales are challenging to say the least and each situation & each lender will most likely have their own set of rules & regs. Recently I heard a national stat saying that only about two thirds of short sales actually make it to closing. Banks need to speed up the short sale process and get some of this inventory off the market! Very good points, thanks for sharing. Short sales are challenging to say the least and each situation & each lender will most likely have their own set of rules & regs. Recently I heard a national stat saying that only about two thirds of short sales actually make it to closing. Banks need to speed up the short sale process and get some of this inventory off the market!

]]> B of A Short Sale - Buyers Need Epidural http://www.sacramentorealestatevoice.com/2009/05/27/b-of-a-short-sale-buyers-need-epidural/comment-page-1/#comment-1539 Gena Riede Thu, 28 May 2009 00:34:32 +0000 http://sacramentorealestatevoice.com/?p=1959#comment-1539 Love that idea...scrap them and start over with common sense! That's the smartest thing I've heard all day! Love that idea…scrap them and start over with common sense! That’s the smartest thing I’ve heard all day!

]]> B of A Short Sale - Buyers Need Epidural http://www.sacramentorealestatevoice.com/2009/05/27/b-of-a-short-sale-buyers-need-epidural/comment-page-1/#comment-1538 Gena Riede Thu, 28 May 2009 00:32:43 +0000 http://sacramentorealestatevoice.com/?p=1959#comment-1538 Makes you wonder if anyone ever really thinks before they act, doesn't it? With some of the big mistakes our government has made, it makes me wonder how we manage not to blow ourselves up. This 90 day moratorium is just another nail in the coffin. I love your traffic at the train crossing...good visual! Makes you wonder if anyone ever really thinks before they act, doesn’t it? With some of the big mistakes our government has made, it makes me wonder how we manage not to blow ourselves up. This 90 day moratorium is just another nail in the coffin. I love your traffic at the train crossing…good visual!

]]> B of A Short Sale - Buyers Need Epidural http://www.sacramentorealestatevoice.com/2009/05/27/b-of-a-short-sale-buyers-need-epidural/comment-page-1/#comment-1537 Bryan Ellis Wed, 27 May 2009 20:19:46 +0000 http://sacramentorealestatevoice.com/?p=1959#comment-1537 The banks are funny aren't they. I have seen them refuse offers all day long, then sell them for pennies on the dollar as a bulk package. The 90 Day Foreclosure Moratorium is a joke too. All that does is back everything up. It doesn't remove the foreclosures. It doesn't take them away. It just stops them like traffic at a train crossing, but the traffic continues to back up. When the gate opens, the traffic is still there. The government wonders why the country is in disarray. The population only follows their lead. The banks are funny aren’t they. I have seen them refuse offers all day long, then sell them for pennies on the dollar as a bulk package.

The 90 Day Foreclosure Moratorium is a joke too. All that does is back everything up. It doesn’t remove the foreclosures. It doesn’t take them away. It just stops them like traffic at a train crossing, but the traffic continues to back up. When the gate opens, the traffic is still there.

The government wonders why the country is in disarray. The population only follows their lead.

]]> B of A Short Sale - Buyers Need Epidural http://www.sacramentorealestatevoice.com/2009/05/27/b-of-a-short-sale-buyers-need-epidural/comment-page-1/#comment-1540 Jerry Powers Wed, 27 May 2009 19:15:51 +0000 http://sacramentorealestatevoice.com/?p=1959#comment-1540 I totally agree with you!! What these banks are doing right now is incredibly stupid! The government has bailed them out and is also providing a cash incentive for modifying loans with homeowners. But yet I still personally hear and read about homeowners being told by their lender that they should just short sale the property! The lenders are refusing to modify the loans to a point that allows the homeowners to stay in their home. It really does seem like the lenders are trying to make their numbers look even worse to get some more bailout money. When they have opportunities to modify loans but instead encourage homeowners to short sale their home is just making matters worse for everyone. I say we scrap all of the banks and start over from scratch with people who use common sense! I totally agree with you!! What these banks are doing right now is incredibly stupid! The government has bailed them out and is also providing a cash incentive for modifying loans with homeowners. But yet I still personally hear and read about homeowners being told by their lender that they should just short sale the property! The lenders are refusing to modify the loans to a point that allows the homeowners to stay in their home. It really does seem like the lenders are trying to make their numbers look even worse to get some more bailout money. When they have opportunities to modify loans but instead encourage homeowners to short sale their home is just making matters worse for everyone. I say we scrap all of the banks and start over from scratch with people who use common sense!

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