If you can’t see them, and it’s quiet – does it affect you?
TP Effect
by Jim the Realtor | Aug 10, 2011 | Bubbleinfo TV, REOs for sale | 4 comments
by Jim the Realtor | Aug 10, 2011 | Bubbleinfo TV, REOs for sale | 4 comments
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Great story of Hometown Joe Musgrove and his family's experience of his no-hitter: http://enewspaper.sandiegouniontribune.com/infinity/article_share.aspx?guid=6a77ab15-89fe-4b18-9862-323d9d6c718e - There's no-no place like home
Investors purchase 20% of all homes sold nationally today! (combining resale and new)
This number is shooting higher in many major as well as secondary markets as seen below.
Missed our release of Investor Mania 2.0? Check out the summary: https://www.realestateconsulting.com/the-light-200-companies-revolutionizing-housing/
This brings back some amusing memories, Jim.
I did what you did @ a house I looked at a few years ago. Thinking of making an offer after a viewing, until a friend told me to climb up on some landscaping rocks and look over the back fence to a neighbor’s. The entire backyard was full of piles of garbage and a rusted, old car. (The two houses were in different subdivisions).
The agent had previously told me that he had scoped out everything for me and knew the neighborhood well. I told him to get on the rock and take a look. His deer-in-the headlights look said it all. His face turned white and he meekly uttered the five words real estate agents don’t want to ask: “Is this a deal breaker?”
Of course now days you could just call the address up on any of the map sites, or google earth and get a good view of what is around. The trailer park should show up quite well on those sites. In fact that might be a sales feature to capture a view of the house and its surroundings and add it to the presentation. (If it helps the value)
I was hoping TP meant Tea Party. Oh well… back to Hannity.com.
BofA’s mortgage woes center around the $40 billion mortgage portfolio acquired during the purchase of Countrywide. At the time of the transaction, BofA immediately marked down the value of the portfolio by $8 billion.
Since then, Moynihan told Berkowitz the bank has marked it down by roughly $25 billion and 40% of it is currently delinquent.