tag:blogger.com,1999:blog-11719208.post7756910663677705859..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Cash offers for bank owned property soarTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11719208.post-27645997515107675342009-02-26T08:16:00.000-08:002009-02-26T08:16:00.000-08:00Left the Northeast in 04... bought in Southeast an...Left the Northeast in 04... bought in Southeast and did exactally as you are contemplating. So far it has worked out very well. Husband wanted to sleep at night and the Interest rate deduction was laughable by comparison to No Worries!Best Wishes! S.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-39917231747602123002009-02-25T20:53:00.000-08:002009-02-25T20:53:00.000-08:00Looks like a lot of crooks made out well and are n...Looks like a lot of crooks made out well and are now back for more.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-74582819532129904012009-02-25T12:21:00.000-08:002009-02-25T12:21:00.000-08:00There is one slight caveat I must make to the stor...There is one slight caveat I must make to the story.<BR/><BR/>Bank-owned REO is seeing more cash offers and the offers are being accepted. Fannie and Freddie REO is also seeing more cash offers and the offers are being rejected. <BR/><BR/>We all know why that is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-50409714844295791042009-02-25T12:12:00.000-08:002009-02-25T12:12:00.000-08:00BTW, thanks for the news link to Bruce Krasting:ht...BTW, thanks for the news link to Bruce Krasting:<BR/><BR/>http://brucekrasting.blogspot.com/<BR/><BR/>He's a genius! His posts are all VERY well thought out.<BR/><BR/>FWIW, He believes that long term rates will start to rise later this year.<BR/><BR/>Since I invest in CDs, I sure hope he's right. It's hard to see how these freakishly low rates (as you say) can go on...<BR/><BR/>If that's true, once again, housing prices could stay low as the inventory piles up and rates start to climb.<BR/><BR/>If rates rise, it seems that it will be a VERY LONG time before house prices go up...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-31738118483220298362009-02-25T12:01:00.000-08:002009-02-25T12:01:00.000-08:00kudos tim for having the foresight.. i look forwar...kudos tim for having the foresight.. i look forward to hearing about it when you buy again..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-68224891697357530992009-02-25T11:54:00.000-08:002009-02-25T11:54:00.000-08:00Sounds like a GREAT plan!Sounds like a GREAT plan!Anonymousnoreply@blogger.com