Posted by MW/VA on 4/1/11 8:20pm
Msg #378374

Some days make this job really worthwhile.

I did a purchase signing for a young man today purchasing his first home. He bought a condo that was a repo, paid about 1/2 what they were going for the last time I looked, and got a 4 3/4% rate for 30 years. However bad the mortgage market may be, I'm happy to see the young people still able to buy homes & get a good deal in this market. It made my day.

Reply by Susan Fischer on 4/1/11 10:02pm
Msg #378380

Now, ~that's~ a great Friday - a ray of sunshine to

end a graydreary week.

Bar's open, drinks on the House, jukebox's free. Here's to the new Homeowner: good job, Dude,

Cheers!

Reply by 101livescan on 4/2/11 4:10pm
Msg #378405

I've had several of these lately, on Monday, doing an REO purchase for a couple in Santa Barbara, property in Santa Maria, for half of what the foreclosed debt was for.

Reply by Susan Fischer on 4/2/11 11:38pm
Msg #378418

The inflated prices grown by the housing bubble was

everything but a rise in actual home ~values.~ (For a while there, we neighbors here joked that it was so 'magic' that we now lived in "million dollar homes." Ha!)

In my mind, the "foreclosed debt" is the myth, and Wall Street should eat it, not the homeowners they suckered for trillions of dollars.

Reply by MW/VA on 4/3/11 6:20pm
Msg #378429

Have you seen the documentary, "Inside Job" yet, Susan. It

will blow your mind! I agree, those responsible should be held accountable.

Reply by Susan Fischer on 4/3/11 7:03pm
Msg #378436

Honestly, I'm afraid to - my poor blood pressure... n/m

Reply by MW/VA on 4/4/11 7:53am
Msg #378476

True. It will make your blood boil! :( n/m