Comments on: Not What It Seems http://thephoenixagents.com/not-what-it-seems/ Chris Butterworth - sharing thoughts on real estate (and everything else.) Sun, 13 May 2012 07:46:19 +0000 hourly 1 http://wordpress.org/?v=3.1 By: The MLS Is Wrong http://thephoenixagents.com/not-what-it-seems/comment-page-1/#comment-4240 The MLS Is Wrong Wed, 09 Feb 2011 04:09:54 +0000 http://northphoenixagent.wordpress.com/?p=1028#comment-4240 [...] That could take 2 to 3 months. Could be less, but could be longer. Nobody knows. Essentially you set the price at today’s market rates, then wait months for acceptance of your offer. Meanwhile, you’re likely watching the market prices continue to go [...] [...] That could take 2 to 3 months. Could be less, but could be longer. Nobody knows. Essentially you set the price at today’s market rates, then wait months for acceptance of your offer. Meanwhile, you’re likely watching the market prices continue to go [...]

]]> By: Thomas Johnson http://thephoenixagents.com/not-what-it-seems/comment-page-1/#comment-1467 Thomas Johnson Fri, 24 Jul 2009 05:18:20 +0000 http://northphoenixagent.wordpress.com/?p=1028#comment-1467 Short sales are a stall so that the lender can make their 3.5% risk free returns on the TARP cash we the taxpayers gave them without conditions. They are guaranteed profits upon which to earn bonuses and the housing market is still suffering. The short sale charade is a cruel joke on the unsuspecting owner who is distressed and now believes that he has the house sold only to find a friendly sheriff serving foreclosure papers after months of unanswered phone calls. The REO gets sold at a much lower price than the short sale would have been, but hey, they made risk free earnings which translate into bonuses which become campaign contributions. We have an election year coming, you know. The looting of America continues. Short sales are a stall so that the lender can make their 3.5% risk free returns on the TARP cash we the taxpayers gave them without conditions. They are guaranteed profits upon which to earn bonuses and the housing market is still suffering. The short sale charade is a cruel joke on the unsuspecting owner who is distressed and now believes that he has the house sold only to find a friendly sheriff serving foreclosure papers after months of unanswered phone calls. The REO gets sold at a much lower price than the short sale would have been, but hey, they made risk free earnings which translate into bonuses which become campaign contributions. We have an election year coming, you know.

The looting of America continues.

]]> By: 8DollarFarming blog » Weekend Reading 9.20.08 http://thephoenixagents.com/not-what-it-seems/comment-page-1/#comment-720 8DollarFarming blog » Weekend Reading 9.20.08 Sat, 20 Sep 2008 08:35:37 +0000 http://northphoenixagent.wordpress.com/?p=1028#comment-720 [...] into the story and learn to flush out the details are going to come out ahead in the long run.  Not What It Seems and Real Estate Road Signs - No Cost Credit Repair are both worth [...] [...] into the story and learn to flush out the details are going to come out ahead in the long run.  Not What It Seems and Real Estate Road Signs – No Cost Credit Repair are both worth [...]

]]> By: Short Sale ~ The oxymoron of the century | Phoenix Arizona Real Estate Blog http://thephoenixagents.com/not-what-it-seems/comment-page-1/#comment-719 Short Sale ~ The oxymoron of the century | Phoenix Arizona Real Estate Blog Thu, 18 Sep 2008 19:49:40 +0000 http://northphoenixagent.wordpress.com/?p=1028#comment-719 [...] want to add my 2 cents to all the short sale non-sense.  A recent post by Heather Barr, (another great Phoenix area blogger by the way) hit the nail on the head as far as the [...] [...] want to add my 2 cents to all the short sale non-sense.  A recent post by Heather Barr, (another great Phoenix area blogger by the way) hit the nail on the head as far as the [...]

]]> By: Short Sales and REOs from the Buyer’s Perspective | The Phoenix Real Estate Guy http://thephoenixagents.com/not-what-it-seems/comment-page-1/#comment-722 Short Sales and REOs from the Buyer’s Perspective | The Phoenix Real Estate Guy Wed, 17 Sep 2008 03:12:13 +0000 http://northphoenixagent.wordpress.com/?p=1028#comment-722 [...] Heather penned a great article, Not What It Seems, about the trials and tribulations of short sales in the Phoenix real estate market. She points out [...] [...] Heather penned a great article, Not What It Seems, about the trials and tribulations of short sales in the Phoenix real estate market. She points out [...]

]]> By: Francy http://thephoenixagents.com/not-what-it-seems/comment-page-1/#comment-721 Francy Tue, 16 Sep 2008 21:23:15 +0000 http://northphoenixagent.wordpress.com/?p=1028#comment-721 Great post Heather! On May 21st my buyers offered $8000 *over* list price for a short sale. There were a total of 10 offers on this property - all over list price. Seventeen weeks later the lender tells us "we should have an answer by Friday". My buyers have had enough. When a great foreclosure property in the same subdivision came on the market last week - they felt they could not pass it up and made an offer (again over list price). In less than a week they are under contract and excited for their great buy! Great post Heather!

On May 21st my buyers offered $8000 *over* list price for a short sale. There were a total of 10 offers on this property – all over list price. Seventeen weeks later the lender tells us “we should have an answer by Friday”. My buyers have had enough. When a great foreclosure property in the same subdivision came on the market last week – they felt they could not pass it up and made an offer (again over list price). In less than a week they are under contract and excited for their great buy!

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