Yesterday I posted a blog about good news. Today's blog is not so up beat. Recently I am seeing a number of Foreclosures and short sale deals fall apart. I have seen them fall apart even when I am in at full price. I am being told that the lender wants a cash offer. Now if the lender gets his money what is the difference? I am beginning to think that lenders are waiting for the bail out. They are thinking, Hey I can get more for these homes if I wait for Uncle Sam to take them.
I think they are taking cash offers because they can get the money quicker and as the "one in the hand" kind of thing. This would be a shame for buyers. Not only is their tax money going to bail these folks out but it will cost them more to buy!!! Talk about a real good screwing !!! The more I look at this bail out and the way it was done the less I like it. I was in favor of it at first but now I am not so sure.
I think we may have been sold a bill of goods. Congress did change it a bunch. And yes the credit markets were starting to freeze up, but in typical George Fashion the White House proposed this thing when Congress had the least amount of time to work on it. I do not care who wins in November. When George goes we all win.
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