Comments on: More REO Fun

By: Wrong On So Many Levels

Wrong On So Many Levels — Wed, 04 Aug 2010 04:01:16 +0000

[...] Another example of REO lunacy, about which I’ve written before. [...]

By: Lenders, are they becoming greedy now that the market has turned: MY ANSWER YES | Napa Valley Address

Wed, 18 Nov 2009 15:53:28 +0000

[...] Another example of REO lunacy, about which I’ve written before. [...]

By: Are REO Deals Breaking Contract Law?

Are REO Deals Breaking Contract Law? — Fri, 24 Jul 2009 23:16:17 +0000

[...] my original post about the great. Big. Fun! you can have while shopping for REO foreclosure properti… and how the banks can change your contract closing date whenever they feel like [...]

By: Heather

Heather — Mon, 20 Jul 2009 03:39:35 +0000

Hi John,

Thanks for visiting and reading, although I do wish you had read more carefully. I thought I made it obvious that the Obama comment was just an attempt at humor. Apparently, it wasn’t a successful attempt.

In any case, my point was exactly the same as yours: verbal agreements are a BAD idea and are also (nearly always) unenforceable.

By: john

john — Sun, 19 Jul 2009 19:34:22 +0000

So some clerk in the bank made a verbal agreement on a closing date? Excuse me, in California a verbal agreement in real estate carries no weight. Why blame Obama for ignorance? Seems like the right wing blames their live problems on anyone but themselves.

The Statue of Fraud in California states all real estate transactions must be in writing. Maybe you sell real estate on verbal terms. That’s worth the paper its written on and a great way to employ attorneys.