Just an update. The buyer has backed out due to the economic situation and craziness with the peso. He still wants to buy the house, and may do so in 2 weeks, or 2 months, just doesn't know. So.... he wants me to just go ahead and sign another 2 month extension for him. The lender is ready to...
My thoughts, not worth much.
The definition of terrorist is pretty subjective, some would consider Ayers a patriot of such magnitude that he was willing to fight the government to affect change he felt was right, no different from our patriot forefathers that rebelled against the crown. This...
Yep, I've been part to 3 contracts in the last few months, each one was boilerplate with the exact same verbiage. If notice isn't given in X days that financing can't be obtained, buyer forfeits earnest money. It cost me $2100 the hard way to find out, but, if I had entered a contract that...
It's really a function of his nationality and finances. He and his family are very distrusting of the American system, they are hesitant to give a mortgage company access to their banking info lest the info be given to the Mexican gov't.
He and his family own an import business with retail...
Yes, I have a real estate attorney in my back pocket. Unfortunately all of their advice regarding the contracts and lease ammendments have been deemed too cumbersome for the buyers by my realtor, and he has nixed most of the language we wanted to add to protect our interests. Realtors are real...
When the buyer was first presented, our realtor contacted his lender (hometrust mortgage) who assured him that the buyer was approved/great/no problems etc. Turns out hometrust had turned it over to a 3rd party investment bank that was no where near approving him.
So, I learned that mortgage...
They came to the table w/20% cash down, and still had a lot of trouble because they're "non-traditional" due to the Mexican records. The buyer has spent 1000's on translations, incorporating his business to write himself paychecks to have a "paystub" for documentation. It has been a huge...
So, after having a signed contract for 3 months now, and going on mortgage lender #3, and a 2 week delay due to Hurricane Ike, my closing is scheduled for October 10th, or sooner.
What are the chances the mortgage company will decide to not lend any money due to the national financial crisis...
Good information thus far. My .02
I know very little about financial markets, but I think that a 1930's style depression won't be happening. I think society is too different these days, less agrarian, more global.
For 3 months the buyer of my home has been trying to get his mortgage...
This is the cruz of Krugman's editorial. A ticket's ability to govern is more closely correlated to the integrity of their campaigning than the effectiveness of their campaigning. Just because the GOP are masters of the smear, appealing to the lowest common denominator, telling lies that no one...
The "Hillary should/will replace Biden" meme is a ruse being pushed by right wing radio. The sheep eat it up and then regurgitate it enough times that is starts to be considered a legitimate thought. It's just payback for the left doing the same thing.
Newsflash, the "anyone but Bush" ticket...
Ding, Ding, Ding.
I'm not worried about Obama losing, I'm worried about what kind of country we live in that the race is so close. Clinging to God and Guns indeed.
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