Give up the whining and go back to
Posted by Becca/FL on March 26, 2007, 9:34 pm, in reply to "O.T. A Disheartening Time. . ."
67.191.125.164 |
Social work, if this is what moves you. I point out the terms of EVERY loan I close. If people are too stupid or too desperate to understand the terms of THEIR loan, it's not on me. Responsibility is the key here. Don't blame the stupidity or desperation of others on the subprime market. Hell, I closed a Chase subprime @ a 10.325 rate today with 3 ½ points. Who's the idiot here? IMO. It's all about me doing MY job. I said three times (pointing out the verbiage in the Note) that this is an ARM amortized over 40 years and due and payable in thirty years; adjustable in two years with a ceiling of.....C'mon, do your job and quit b###hing. People ARE responsible for their own actions...Or they should be...in a perfect world. Why do you think the government gives borrowers three days to review the entire package? If they choose not to, this is not my problem.
--Previous Message--
: I was in a particular city today
: (one of my service areas), and it
: was astonishing to see so VERY
: many "For Sale" signs. On
: one street
: alone I counted approximately twelve
: homes!
:
: I was in that area about ten days
: ago.
: Although there were the usual
: "For Sale"
: signs sprinkled about, it was nothing
: like I saw today.
:
: On just about every block, there were
: three or more signs. What makes this
: particularly interesting, is that
: many of
: these properties were also marked
: "just
: reduced" or "priced for
: quick sale".
:
: I know this area very well and
: remember
: a few years ago, when it was a
: seller's
: delight! During that time, many of
: these
: homes, (in my opinion) though very
: nice,
: were price Much too high.
:
: Now it seems as though these home
: can't
: even be given away!
:
: Though I do not have proof (without
: actually researching the county
: recorder's office), I suspect many of
: these homeowners are victims of the
: Sub-prime lending and/or
: "creative
: financing" fallout.
:
: I wonder how many of these Sub-Prime
: Lenders and Mortgage Brokers are
: having
: to face the same situation? Probably
: zero
: (if that much).
:
: [And yes, I know that many of these
: lenders etc. . .are
: "closing-shop", but
: I am very sure, that THEIR
: residential
: properties (for which they are
: actually
: living) are not facing foreclosure.]
:
: It is really a disheartening time for
: many.
:
:
: Pam
:
:
:
:
:
:
:
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Message Thread:
- O.T. A Disheartening Time. . . - Pamela March 26, 2007, 5:09 pm
- Hey Pam:) My take on the for sale signs.. - FlaMac March 28, 2007, 5:56 am
- It is the same thing in Las Vegas... - Glena/NV March 27, 2007, 12:30 pm
- Re: O.T. A Disheartening Time. . . - DeniseA/socal March 26, 2007, 10:13 pm
- Give up the whining and go back to - Becca/FL March 26, 2007, 9:34 pm
- Re: O.T. A Disheartening Time. . . - Shoshana/AZ March 26, 2007, 6:26 pm
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