THEY (the banks) speculated and YOU (the home owner) lost.
While Carla has probably been spared the angst of representing home owner/sellers in this wacked out Short Sale market, as have I to an extend, she sees the affects of lender actions on buyers and sellers, always to the detriment of the buyer and seller, of course.
THIS IS A GOOD READ
Friday, February 26, 2010, Portland, Oreagon
CURRENT Active Short Sales*:
- Area 141 North Portland -- 61 properties
- Area 142 SE Portland -- 134 "
- Area 143 NE Portland -- 264 "
- Area 144 Gresham, etc. -- 211 "
- Area 145 Milwaukie, etc. -- 192 "
- Area 146 Oregon City -- 139 "
- Area 147 Lake Oswego -- 121 "
- Area 148 West Portland -- 164 "
- Area 149 NW WA Cty -- 52 "
- Area 150 Beaverton -- 234 "
- Area 151 Tigard -- 190 "
- Area 152 Hillsboro -- 185 "
* RMLS MAP OF AREAS IN METRO PORTLAND
That's 1,947 properties of people in my local market . . . I like to refer to them as American homeowners. That's 1,947 (more) people that are in queue to be systematically EVICTED from their homes.
The banks (financial institutions) did one thing in the two (2) years since March 2008 -- which is when the stock market was manipulated by blood-sucking Zombie speculators (and the blood draw has yet to end).
What did they do? They SPECULATED.
"You sold me out for chicken change"
The speculator Vampire Zombies sucked the neck of the SEC beginning in March 2008. And, you all know what happens when Vampire Zombies suck necks . . .
By the end of September 2008, both the financial houses of Bear Stearns and Lehmann Brothers were sucked dry.
Out with the old blood, in with the new . . . I guess. But the infusions are very tainted and perverted.
Those Vampire Zombies are in a real panic now . . . what do they suck next?!?
Wth the blood already in the water, the Vampire Zombies have swarmed to the source . . . the real estate industry.
Keep in mind what Vampire Zombie speculations do? They SPECULATE.
"You told me that they, they had it all arranged"
Those naughty little Vampire Zombie financial institutions played and tinkled with your "portoflio" . . . and mine. They systematically held BACK on short sale offer approvals. Why?
BECAUSE IT'S CALLED called: SPECULATION, boys and girls. And they know they can do it because the SEC, FDIC, Federal Reserve have all gotten bitten by the Vampie Zombies, and they too . . . have become Vampire Zombies!
With Lenn Harley's recent FEATURED blog post, I began to think and rethink.
The only reason the financial institutions seem to want to play in the Short Sale "GAME" is in their best interests. Period. They will take your buyer client, and if you want to buy that Short Sale, you will need to get your buyer client approved through that Vampire Zombie financial institution.
Let's conjegate the word TANK as a verb:
- Has tanked
- Will tank
- Is tanking
And because of the fear of tanking further . . . Oh, NOW they want to set up 'streamline' methods of approving short sales? NOW!?!
They got . . . and here's a NEW VERB I created just for you: TARPED!
They got TARPED!! That money wasn't NEARLY enough to repay the losses . . . the losses, boys and girls are felt in . . . [INSERT THE NAME OF THE PENSION FUND, SOVERIGN NATION HERE]
The Vampire Zombies waited, and speculated that the real estate market would rebound -- and it's not rebounding. Hmmmm . . . 'cause this is NOT a game, and there's no Michael Jordan REBOUNDING for your team.
The financial institutions received TARP (taxpayers money), and when the homeowners/taxpayers went to them and asked for approval on their Short Sale . . . the financial instituions played thir own version of the "Short Sale Game": they DELAYED, they STALLED, they hem and even hawed, they scratched their butts, they blood sucked . . . and with purpose AND intent deliberatly put the brakes on the short sale process.
"You took my money, you got my honey. Don't want me to see what you're doing to me"
Many Millions of taxpaying homeowners -- I like to call them Americans -- went into Foreclosure and/or Bankruptcy as a result.
Not one Senator, Congressperson . . . NOT ONE stepped in and said a thing! NOT ONE hearing was called. Was there?!? I don't recall anything, do you?!?
My prediction, when Americans realize how the "game" was played (on them) then, and only then, will the politicians grow a pair and make a big deal out of this "short sale game."
Politicians have 20/20 Vision -- when everyting is/was in plain sight.
We've -- you, me, bloggers on Active Rain -- have been complaining of the length of Short Sales approvals (if they even got approved) for . . . HOW LONG?!?: We've been CRYING FOUL at the Short Sale "Game" for HOW LONG?!?
Yeah, we're only real estate agents . . . what do we know?
A Politiciatian will need step up to the Empire Umpire mound and cry FOUL. Too little, too late is what I say for MILLIONS of people in this country . . . whom I like to refer to as Americans. But better late than NEVER!!
SCREW the foil hats . . . I'm putting garlic around my neck, and I'm checking for bite marks on EVERYONE from now on.
What happened to my country?
"Take your kids and raise them up, Show 'em how to drink out of a righteous cup"
Turn up your sound volume, and listen to the Godfather of Soul.
~ Representing Buyers Since 1999 ~
Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor®
YOUR Exclusive Buyer's Agent
CHECK OUT www.EBAPortland.com for Home Buyer TIPS!
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