shipps

QUOTE (Tex @ May 5, 2016 -> 08:15 AM) I'm trying to type this without sounding like a dick. If someone could get a short sale with their credit in the 800s, who wouldn't get a short sale? Seriously, you want the bank to absorb a $50,000 loss on your investment. I tend to believe the lawyer. If you loaned the money would you take the loss? LOL I hear ya. But it seems like a lot of cases with short sales people are able to get them approved because the property wound up being worth less than half of what it was sold for. Especially during that time period when the housing market crashed. She bought the unit in 2009 and within 6 months the property was worth less than half...that quick. Of course some will say tough luck you are still stuck with it but if there is any possibility to get from under a situation like that it would only be beneficial financially it doesn't hurt to try. Banks are often willing to work with these cases but each is different. But whichever way you look at it it looks as though she will be stuck with this property for some time.

So the short sale lawyer is telling her that the short sale was denied because her credit score was to high (in the 800's) and it was an FHA loan (she was first time home buyer) so those are harder to get approved for short sales. He suggested that she wait a few months and try for short sale again. I cant tell whether or not this lawyer is offering her sound advice or is aggressive enough with the bank. From what I read you cant take no for answer when trying to negotiate a short sale with the bank and these guys seem very passive by what she is telling me.

QUOTE (The Critic @ May 4, 2016 -> 03:31 PM) Oh, OK, got it. I Googled it and that's what came up. That tweet was awful, and like most Wolfisms, not the least bit humorous. Wolf thinks he is a stand up comedian with no boundaries like Jim Norton or Andrew Dice Clay but I am not even sure they would make a joke like that. He must of been drunk to not know how that tweet would go over.

QUOTE (bigruss22 @ May 3, 2016 -> 03:37 PM) Part of that agreement would have been a review of her financial state to see if she qualified, essentially checking all the boxes before going to market and wasting both parties' time, just a good idea for anyone looking to go down that road. She went through a lawyer group specializing in short sales and they never indicated to her that there would be any problems based on her financials throughout the process. They never said she had over income/assets until now with the denial. She was pretty shocked to find out that was the reason it was denied.

QUOTE (Tex @ May 3, 2016 -> 12:53 PM) I wonder if it being an investment home also works against your friend. A foreclosure, if necessary, is much easier if it is not the primary residence. Has your friend thought about selling shares in the house and at least spread the pain. Someone coming in low might be interested. It would at least free up some cash to invest elsewhere. What is the long term projection for value? Could the prices rebound in 2 years? 20 years? It was purchased to be primary home but she started renting it out once she got married and bought a bigger home. The value of the condo isnt projected to rebound any time soon at all. At least 5 years from now maybe more until she can get her purchased proce. QUOTE (bigruss22 @ May 3, 2016 -> 01:25 PM) Working with a short sale expert attorney/agent is key. They will know way better how the process works and the tricks to getting things done. Honestly, I wouldn't got to market without having an agreement with the bank on a price that they would accept for a short sale. Even then, I've seen deals fall apart but it saves months of headaches for both parties typically. She did not have an agreement with the bank on a certain price going into the market. Although the hang up doesnt seem to be the selling price as much as it is the lack of extreme financial hardship that the bank wants to see.

Is having the bank review the denial with another case manager worth it at all?

I think I get enough of you on facebook. I love you and all...but lets be real here.

What should one do when a short sale of their condo is denied by the bank? Lets say a friend of mine owns a condo that they lease out. The condo is worth about $90k less than what it was purchased for. The owner..."my friend"...wants to rid themselves of the property and has gone through the short sale process. Day one that it was put on the market for short sale there was a bid on the house for about $60k less than what is on the current loan. This offer was more than expected actually. Months pass and the bank denies the short sale because they say the owner is not in financial distress. This property has been a complete headache and financial burden for the owner and they do not want to continue owning this property. Obviously foreclosure isnt really an option due to the credit hit that they would take. It maybe that on paper the owners are not in financial distress but they basically want to get from under a terrible investment. Is there any next step in this situation or are they stuck here? Thanks for any insight.

QUOTE (Rowand44 @ Apr 29, 2016 -> 03:33 PM) It's really not. They'll protect him and answer some questions for a few weeks then for the most part it'll go away because the picture and text messages just aren't a big deal for Tunsil. Unless he is really going through some crazy stuff right now. Who knows what is going to happen next with this guy. He might end up looking for a real job like Barkevious Mingo if this downward spiral continues.

QUOTE (bmags @ Apr 29, 2016 -> 02:29 PM) What makes Kevin White a "very bad pick" He is now grandpa age. We missed the window there.

QUOTE (Alexeihyeess @ Apr 29, 2016 -> 02:24 PM) So they try to move up to grab one of the best players in the draft but can't do it. Then, as can only happen in the NFL, the overall best player in the draft falls like a rock. The Bears size on that opportunity to draft......Grandpa Leonard, the guy about whom every conversation starts with a list of excuses as to why he's so old they had to carbon date him and he didn't do anything at Georgia. Pace seems pretty good at drafting in later rounds, but I get the feeling he has no idea how to draft in the 1st. Two very bad picks in a row. The conjecture in this one post is enough to last me til the season starts. Thanks.

And just to add...with them fortifying the front 7 it is only going to make the mediocre play in the secondary look better. Life will be easier for Fuller and Amos for sure.

QUOTE (Y2JImmy0 @ Apr 29, 2016 -> 02:20 PM) I knew this. It was a factor with Lawson and Spence. Would have had shortest arms of any EDGE player tha Fox and Fangio have ever drafted. It's also a reason why I believed that they had no interest in Vernon Hargreaves. Chris Jones is 6-5 310 with 34.5 inch arms. I really hope he's the pick at #41. A front 7 of Goldman, Hicks, Jones, Trevathan, Freeman, McPhee, and Floyd would be nasty. Well damn, now that you put it that way....thats a solid crew they are putting together there.

QUOTE (Rowand44 @ Apr 29, 2016 -> 02:08 PM) You just wanted to type out Barkevious Mingo. Obviously YOU just wanted to type Barkevious Mingo.

In a small clip I heard from some interview he did yesterday he seemed really nervous on there too. I wonder if that is the real reason he decided to stay home for the draft. LOL He must not be quite the sociable dude.

His step dad is really out to ruin his life. Even worse there is someone else that is set on ruining his life too.

All of these picks are a roll of the dice but its always tough to swallow when your team takes a guy (after trading up to get him mind you) that they have to convince the fan base that he is a good player. Usually in the top ten range you dont question the talent. However I am confident in Pace/Fox/Fangio so I assume Floyd will work out well.

QUOTE (bmags @ Apr 28, 2016 -> 03:19 PM) I'm not sure any pick would shock me at 11 (except Paxton Lynch). Which is Gage's pick. LOL Hence it will probably happen.

LOL! It is scary how happy Thibs looks. Like it looks unnatural to see him look like its natural for him to look happy. LOL

QUOTE (Chisoxfn @ Apr 28, 2016 -> 12:06 PM) Bears have evidently had discussions with Browns to move up to #8 pick. I'd presume they would be targeting one of Bosa / Buckner / Ramsey. Pretty good chance at least one of those guys is there. Tunsill could potentially be there as well (and obviously Elliot too). Eh I dont know if I would support that move. Not that my opinion matters but I am sure they would have to give up a 2nd or 3rd rounder if they were to do that.

QUOTE (shysocks @ Apr 28, 2016 -> 10:43 AM) Dan Hayes ‏@CSNHayes 3m3 minutes ago It's raining in Baltimore. Weather app says 25% chance at 7 pm EST, 45% at 8 & 30% from there. Sat night isn't good, either. Sun = horrible. Can this mean that we will somehow be able to skip Danks again?

Is it possible that Noah Spence falls to the second? If the Bears do not snag a pass rusher with their first pick I would love if they can grab Spence with their second pick.

QUOTE (fathom @ Apr 28, 2016 -> 08:37 AM) On the radio today, McShay said he's at the top of the Cowboys draft board But so is Bosa from other reports. Who knows though. A lot of what we hear are teams just positioning themselves to make others think what they want.

QUOTE (Chisoxfn @ Apr 27, 2016 -> 10:49 PM) Wow...that is a surprise, right? I'd freaking love Jalen Ramsey. Impossible he falls, right? I think its pretty safe to say there is going to be 2 or 3 guys that fall to the Bears pick that we would have really doubted would be there before the draft. The Bears are probably going to get a guy that people will say could have went in top 5...is my bet at least.

QUOTE (RockRaines @ Apr 26, 2016 -> 12:44 PM) For the Bears IMO its a bad pick since they already have a guy that is sufficient for their team. They have glaring holes in the secondary and at LB. I dont think Elliott makes it to them anyway. Which is exactly why I think the Bears have blown smoke up his ass. I am sure they knew he would talk to someone about the love they are showing him. The Bears are not taking Elliott knowing they have glaring needs on defense and there should be some playmaker talent to choose from in that spot. There is going to be at least three picks wasted on Qb's in the top 10 and there will probably be another couple guys that were unexpectedly taken in the top ten to boot. The Bears are going to have some nice options to pick form no matter how weak this draft may be and they certainly arent going to screw that up and take a running back.