Via@sootandashes - important reblog
SHORT SALES, FEDS TO BRIBE FAILED HOUSING GAMBLERS: "Oh. Dear. God.
Either they're corrupt, or they're idiots. One or the other.
If this news is to be believed, the Treasury Department is going to try to stimulate short sales, and as part of the process they're going to have lenders enlist REALTORS ON COMMISSION to tell them what a fair price should be for a short sale property.
Not appraisers (who are corrupt anyway and got us into this mess). Not government-hired investigators. Not CPA's.
No, they're going to ask REALTORS ON F*CKING COMMISSION. You know, the ones who will MAKE A F*CKING COMMISSION when the short sale goes through, they're going to ask what the fair price of a home is.
ARE YOU F*CKING KIDDING ME?
SERIOUSLY, ARE YOU F*CKING KIDDING ME?
HEY GOVERNMENT - EVER HEAR OF A THING CALLED ZILLOW.COM? EVER HEAR OF AN HONEST REALTOR? AND PLEASE, JUST GET THE F*CK OUT OF THE HOUSING MARKET. YOU'RE ONLY MAKING IT WORSE.
Please, MSM and bloggers, pay attention to this issue. This is, I believe, the single worst idea and single worse government meddling scheme I've seen during this whole housing fiasco, and it must be stopped.
From the report:
Under the new federal program, a lender will use real estate agents to determine the value of a home and thus the minimum to accept. This figure will not be shared with the owner, but if an offer comes in that is equal to or higher than this amount, the lender must take it.
And wait, it gets worse. The govenment is going to PAY HOUSING GAMBLERS WHO GAMBLED AND LOST to short sale their homes. Seriously. THEY'RE GOING TO PAY FAILED GAMBLERS $1,500 IN COLD HARD TAXPAYER CASH:
To bring the various parties to the table — the homeowner, the lender that services the loan, the investor that owns the loan, the bank that owns the second mortgage on the property — the government intends to spread its cash around.
"
Either they're corrupt, or they're idiots. One or the other.
If this news is to be believed, the Treasury Department is going to try to stimulate short sales, and as part of the process they're going to have lenders enlist REALTORS ON COMMISSION to tell them what a fair price should be for a short sale property.
Not appraisers (who are corrupt anyway and got us into this mess). Not government-hired investigators. Not CPA's.
No, they're going to ask REALTORS ON F*CKING COMMISSION. You know, the ones who will MAKE A F*CKING COMMISSION when the short sale goes through, they're going to ask what the fair price of a home is.
ARE YOU F*CKING KIDDING ME?
SERIOUSLY, ARE YOU F*CKING KIDDING ME?
HEY GOVERNMENT - EVER HEAR OF A THING CALLED ZILLOW.COM? EVER HEAR OF AN HONEST REALTOR? AND PLEASE, JUST GET THE F*CK OUT OF THE HOUSING MARKET. YOU'RE ONLY MAKING IT WORSE.
Please, MSM and bloggers, pay attention to this issue. This is, I believe, the single worst idea and single worse government meddling scheme I've seen during this whole housing fiasco, and it must be stopped.
From the report:
Under the new federal program, a lender will use real estate agents to determine the value of a home and thus the minimum to accept. This figure will not be shared with the owner, but if an offer comes in that is equal to or higher than this amount, the lender must take it.
And wait, it gets worse. The govenment is going to PAY HOUSING GAMBLERS WHO GAMBLED AND LOST to short sale their homes. Seriously. THEY'RE GOING TO PAY FAILED GAMBLERS $1,500 IN COLD HARD TAXPAYER CASH:
To bring the various parties to the table — the homeowner, the lender that services the loan, the investor that owns the loan, the bank that owns the second mortgage on the property — the government intends to spread its cash around.
Under the new program, the servicing bank, as with all modifications, will get $1,000. Another $1,000 can go toward a second loan, if there is one. And for the first time the government would give money to the distressed homeowners themselves. They will get $1,500 in “relocation assistance.”
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