If you can’t see them, and it’s quiet – does it affect you?
Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
If you can’t see them, and it’s quiet – does it affect you?
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.