Return to the Buying and Selling Homes Forum | Post a Follow-Up

 o
Stupid Lenders

Posted by berniek (My Page) on
Wed, Feb 8, 12 at 16:07

It can make you sick to read how they operate.

Here is a link that might be useful: Stupid Lenders


Follow-Up Postings:

 o
RE: Stupid Lenders

Keep in mind the note holder is the one that screwed up.

Regretfully this is not the first time a second mortgage holder has shot themselves in the foot that I have seen.

I made an offer last year that died every week and was renewed for 4 weeks.
The note holder tried to deal with a private second holder who would not respond.

I finally did not renew the offer and it dies.

I then purchased the property 6 months later for about 2/3 of my initial offer.

It looked worse since landscaping maintenance had been neglected for more than 6 months.
Overgrown grass, mothered grass from leaves never removed, etc.

New sod is scheduled when it warms up, and a couple days of mowing grass and mowing up leaves made it look decent.
Luckily the inside had not been damaged, and the winterizing was done adequately when the utilities had been turned off.

They lost more money, limited the market of possible buyers, and generally messed up.

Maybe I should send them a 'thank you' gift.


 o
RE: Stupid Lenders

"Maybe I should send them a 'thank you' gift."

Don't bother, you know it's going to get lost.


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Buying and Selling Homes Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here