Being Pro-active in a Tougher Mortgage Market?

Full story: Eureka Times Standard

By now it should be no big surprise that there have been many substantial changes in the Real Estate market including mortgage lending.
Comments
1 - 12 of 12 Comments Last updated May 14, 2008
Anonn

Emeryville, CA

|
Report Abuse
|
Judge it!
|
#1
May 13, 2008
 
When making the decision to buy a home, the last person you should listen to is a real estate agent
Observer

Eureka, CA

|
Report Abuse
|
Judge it!
|
#3
May 13, 2008
 
This sounds like a free advertisement for his business and not appropriate for the opinion page!
Freedom Lover

Eureka, CA

|
Report Abuse
|
Judge it!
|
#4
May 13, 2008
 
I think it's funny that the more the real estate market slumps, the more shrill the cries of "The market is wonderful! Now is the time to buy!" from the real estate people. This market is tanking severely and will continue to do so for some time. Please feel free to buy if you want to prop up the mortgage business!
Masked Patriot

Eureka, CA

|
Report Abuse
|
Judge it!
|
#5
May 13, 2008
 
the market hasn't even started tanking yet, this is only the opening song to what will be a long play about how civilization as we know it ended and became something else.

there are NO banks writing loans right now, yes plenty of mortgage aps being processed- but they never release numbers on mortages closed on- what do the banker bastards have to hide?

If banks won't loan on your home, then it's value is worthless- and you should contact the tax collectors to have your property revalued lower. Hell- demand NO Property Tax and see what they say, it worked for me. Those bastards know better about trying to tax me. If you claim you are exempt they will "write off" your property tax and you will not pay.
Jeff E

Eureka, CA

|
Report Abuse
|
Judge it!
|
#6
May 13, 2008
 
That's funny, my refinance just went through two weeks ago. Wells Fargo was happy to write my new mortgage.

Since: Jan 08

Eureka, CA

|
Report Abuse
|
Judge it!
|
#7
May 13, 2008
 
the market here sucks.$250k for a 1000 sqft dump or $150k for a city lot is crazy. it's kind of depressing comparing homes here on the coast to homes near redding. here you get the benefit of mold, pulp mill smell and fog all at a higher price for the same home on a smaller lot when compared to the inland area. i hope the market here drops like a lead balloon. no offense to the people who bought houses a few years ago and are already upside down on their loans. your house is only worth what you're willing to sell it for and, in the case you are actually selling, what someone is willing to pay for it.$300k for a 1400 sqft new home on a tiny lot with no garage? pass...$200k? i'll take it. for all you people out there looking to buy, good luck, be smart, don't get suckered into thinking that real estate is always a solid investment, because it is obviously not always case.

just fyi, from what i heard, we're supposed to see the bottom of the slide sometime around october. that claim may be worth looking into, if you plan on buying.
question

United States

|
Report Abuse
|
Judge it!
|
#8
May 13, 2008
 
PaveTheRedwoods wrote:
the market here sucks.$250k for a 1000 sqft dump or $150k for a city lot is crazy. it's kind of depressing comparing homes here on the coast to homes near redding. here you get the benefit of mold, pulp mill smell and fog all at a higher price for the same home on a smaller lot when compared to the inland area. i hope the market here drops like a lead balloon. no offense to the people who bought houses a few years ago and are already upside down on their loans. your house is only worth what you're willing to sell it for and, in the case you are actually selling, what someone is willing to pay for it.$300k for a 1400 sqft new home on a tiny lot with no garage? pass...$200k? i'll take it. for all you people out there looking to buy, good luck, be smart, don't get suckered into thinking that real estate is always a solid investment, because it is obviously not always case.
just fyi, from what i heard, we're supposed to see the bottom of the slide sometime around october. that claim may be worth looking into, if you plan on buying.
The market definitely bites right now, and I don't feel sorry for anyone who purchased an overpriced house...should have taken a few minutes to do some research and made a sound choice instead of listening to the realtors, you know the ones who make a living off of what they sell you. Having no common sense is sad.
Anyway, what's up with green diamond?
not a chance

United States

|
Report Abuse
|
Judge it!
|
#9
May 13, 2008
 
pro-active? I call it scamming.

check this out:
http://humboldt.craigslist.org/rfs/679384433....

what a dump..and the price?!?
Hank E Panky

United States

|
Report Abuse
|
Judge it!
|
#10
May 13, 2008
 
Masked Patriot wrote:
the market hasn't even started tanking yet, this is only the opening song to what will be a long play about how civilization as we know it ended and became something else.
there are NO banks writing loans right now, yes plenty of mortgage aps being processed- but they never release numbers on mortages closed on- what do the banker bastards have to hide?
If banks won't loan on your home, then it's value is worthless- and you should contact the tax collectors to have your property revalued lower. Hell- demand NO Property Tax and see what they say, it worked for me. Those bastards know better about trying to tax me. If you claim you are exempt they will "write off" your property tax and you will not pay.
What about the fireman who extinguish house fires? Don't you think that is a good use of tax dollars? Who will put your house fire out in the slight chance of a fire? CDF and local volunteers saved my homestead from an accidental blaze my neighbor started once. My tax dollars were well spent on that one. Thank you CalFire!!
Hank E Panky

United States

|
Report Abuse
|
Judge it!
|
#11
May 13, 2008
 
not a chance wrote:
pro-active? I call it scamming.
check this out:
http://humboldt.craigslist.org/rfs/679384433....
what a dump..and the price?!?
That house has a lot of potential although the price is a bit high. I'm sure you could bargain with them.

Since: Jan 08

Eureka, CA

|
Report Abuse
|
Judge it!
|
#12
May 14, 2008
 
not a chance wrote:
pro-active? I call it scamming.
check this out:
http://humboldt.craigslist.org/rfs/679384433....
what a dump..and the price?!?
that price is being governed by the land being in trindad... at least it's not a 400 sqft cabin, lol.
Masked Patriot

Eureka, CA

|
Report Abuse
|
Judge it!
|
#13
May 14, 2008
 
not a penny of your property tax money is spent local. the state gets the entire amount and cuts checks to it's local slave holders, seeing the state in is debt, your money only goes to bankers who collect interest on money they created from thin air.

Volunteer Fire Depts do a much, much better job than paid government henchmen who spy on you.

When the derivatives market tumbles down things will start to get bad- your average American Chicken Neck Slave knows nothing about this because FOX hasn't informed them yet, they will and people will be mad when they learn their pensions are gone- it's why the bankers have the police state control grid in place....for when you wake up and see how they stole what was yours by birth you miserable filthy slaves.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Trinity County Discussions

Search the Trinity County Forum:
Title Updated Last By Comments
Homicide Investigation Leads to Body Found in B... (Sep '12) Jan '14 Antoinette 7
Northern California wildfires grow, 23 homes in... (Sep '12) Sep '12 sarah 4
Trinity County Woman Arrested For Murder; Body ... (Aug '12) Aug '12 luisa luna 3
$10 million claim filed against Trinity County ... (Sep '11) Jan '12 TIME 6
In Trinity County, a mountain of pot plagues co... (Nov '10) Nov '11 meakahorse 2
Work on fiber optic line underway, additional g... (Aug '11) Nov '11 Shasta County Resident 2
Ruth Lake Fire (Sep '11) Sep '11 High Country Harrold 1
•••
•••
Enter and win $5000
•••
•••