Real Estate Blog - apprasials and loan mortgage originators cause phoenix housing market collapse

Real Estate Blog - apprasiaIt had to happen with all the foreclosures, repossessions, and bank owned non modified homes coming back onto the market. Have you ever seen so many so called banks untrained work out non specialist screw up a families home ownership experience? I have seen many clients , who sincerely tried to do loan modifications only to get jacked around from the lenders for months , then end up loosing there home because some $7.00 an hour over worked , untrained, and with a altitude clerk , kept blowing there file off. Have you heard the same old bulls@#$ about , WE LOST YOUR PAPERWORK, ITS NOT BEEN ASSIGNED TO A LOSS MITIGATOR YET, YOUR 8000 FAXES WERE NEVER RECIEVED, your current on your payment, and we can only help people who are WILLING TO TRASH THERE CREDIT TO GET OUR ATTENTION? I am mad as hell and we are not going to take it anymore , so owner carryback , seller carryback, owner financing, wrap agreement for sales , and all kinds of creative financing , including lease purchases , and lease options will be hitting your cities asap as the real estate lending system has broken down. TRY and get a jumbo loan on a $500,000 home in scottsdale , phoenix, glendale or mesa arizona now, and if you do not have 30 percent down and an 800 fico score , you may have a problem.SO WHERE DO THE move up buyers go ?,How do they sell there $300,000 home? How do they get a full price retail buyer offer on theres when there are 7 foreclosures in there neighborhood , selling for 1/2 of there listed price? Time should work this out but for now phoenix arizona is the poster child for all the crap that is taken down there housing market in your city usa .Now that i have that out for the rest of you to ponder , i am going to do an open house in scottsdale arizona today.

ls and loan mortgage originators cause phoenix housing market collapse