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Meatloaf

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Looks like the hand that controls appraisers has stepped in and removed much of the content of a particular thread.... woooooo aaaaa woooooooa aaaaa ooooo wooooo

Some things ahem people are just not to be mentioned in public.

Reminds me of my time in Cuba.



From one yahoo to another... god save the queen.

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JSB

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Yahoo
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Meatloaf

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Looks like the hand missed this one.

This is gold.

Fact Sheet.PNG

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Bobby

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Or have we gone "Game of Thrones".
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moneyman

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DILLY....DILLY.......


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moneyman

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Image result for dilly dilly
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Meatloaf

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Now there is a blast from the past... Whats happening moneyman??
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BChip

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The moneyman is BACK!!
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Meatloaf

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I hope that the image I posted is a very old document.  Much of the information appears really out-dated anyway.  Is the buyer an intended user?
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BillDing

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Quote:
Originally Posted by Meatloaf
Is the buyer an intended user?

LOL, they think they are.  In fact, they can't even rely on it, regardless of Cert 23.

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RubberStamp

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Well to those who thought that the position would not have an intimidating effect...  Guess it was intimidating enough to get the thread removed. 
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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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Lobatt

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Quote:
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LOL, they think they are.  In fact, they can't even rely on it, regardless of Cert 23.


The buyers shouldn't be relying on it. But when your ass gets sued they will throw that built-in FNMA certification 23 in your face and your E&O insurance company will end up fighting a lawsuit for years.
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Meatloaf

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Reply with quote  #13 
Looking at the advertisement posted, it looks like he is giving the buyer and their lender the right to use the report done for the seller.
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BillDing

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Quote:
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The buyers shouldn't be relying on it. But when your ass gets sued they will throw that built-in FNMA certification 23 in your face and your E&O insurance company will end up fighting a lawsuit for years.

Nope, not so much

pdf Homeowner is not intended user court case won by appraiser.pdf     


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Meatloaf

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Look at the next to last two bullet points.
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Lobatt

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Quote:
Originally Posted by BillDing

Nope, not so much

pdf Homeowner is not intended user court case won by appraiser.pdf     


Well you need to send that to the Great American Insurance Company so the E&O department can send that to their lawyers and they can stop being sued by borrowers.

I came in lower than the contract price on an appraisal. They agreed to lower the contract price to my appraised value. Later the buyers sued saying that they relied on the appraised value to make their contract price and that they paid too much due to a typical 1970's-1990's construction trash hole that had formed in the back of the backyard. They claimed a $30,000, and later $50,000, diminished value due to this 16 inch deep hole. Buyers claimed that this hole would have lowered the value by that much, on a $180,000 house. My E&O provided lawyer from Hawkins, Parnell, Thackston & Young said that certification #23 allows them to use the appraisal and we were stuck. My insurance company later settled the case for $5,000 but it cost them almost $18,000 total with my E&O lawyer fees.

This was last year and cost me $1,000 for the E&O deductible and an additional $300 per year in higher E&O insurance rates due to having a claim filed in the prior five year period. This frivolous lawsuit almost made me give up appraising as the real estate agents and home inspector were not sued as they are protected by the sales contract or the home inspection form language. Only me, the appraiser, was hung out to dry.
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Meatloaf

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Reply with quote  #17 
Even if they did "rely" on the report, the fact that the hole "later" formed should have gotten you off the hook.



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Bobby

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Quote:
Originally Posted by Lobatt


Well you need to send that to the Great American Insurance Company so the E&O department can send that to their lawyers and they can stop being sued by borrowers.

I came in lower than the contract price on an appraisal. They agreed to lower the contract price to my appraised value. Later the buyers sued saying that they relied on the appraised value to make their contract price and that they paid too much due to a typical 1970's-1990's construction trash hole that had formed in the back of the backyard. They claimed a $30,000, and later $50,000, diminished value due to this 16 inch deep hole. Buyers claimed that this hole would have lowered the value by that much, on a $180,000 house. My E&O provided lawyer from Hawkins, Parnell, Thackston & Young said that certification #23 allows them to use the appraisal and we were stuck. My insurance company later settled the case for $5,000 but it cost them almost $18,000 total with my E&O lawyer fees.

This was last year and cost me $1,000 for the E&O deductible and an additional $300 per year in higher E&O insurance rates due to having a claim filed in the prior five year period. This frivolous lawsuit almost made me give up appraising as the real estate agents and home inspector were not sued as they are protected by the sales contract or the home inspection form language. Only me, the appraiser, was hung out to dry.

I don’t understand how you could be liable for something not apparent or unknown. Working with a soil scientist for a few years, I would estimate that 1/2 of the new properties have fill holes. Nothing a dump truck or two and some sod wouldn’t cure. Now it could be a issue if their septic is failing and they have no where to move the septic.
I can sense your frustration, but I don’t think your lawyers had proper and professional advice.
What I really think, is that lawyers don’t want to win, they just want to settle.
$18k - 5k for the plaintiff = 13k for the lawyers to split... Who won without going through due process. And I’m not even considering that the plaintiffs lawyer probably gets 1/2 the cut of the $5k also.

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moneyman

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Living the Dream...watching values go to Hell. Dallas, TX is on it's way down.....Atlanta...hold on to your shorts...yours is coming.....

Other than dealing with the same bullsh1t of Agents being pissed, contracts being unrealistic, and people refusing to see demand is down and prices are too.....other than that ALL IS GOOD.

F--k It.....going back to work now on a lovely Saturday
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MVA2001

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Hey B-

Long time, hope Tx is treating you well.

You pulling your own data on these forecasts or is it fairly obvious with Fannie data?

Going to be interesting with new loan programs on the cusp nation wide if we start seeing a deterioration of the past few years run up in equity.
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moneyman

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FU-K Fannie...I have been back in the field since 2016......It's a Sh1t Show here and ALL over from Maine to CA based on my appraiser sources......Gonna be fun this Spring

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moneyman

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Appraiser Forum & Festival 2018

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Chuck_Schick

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Quote:
Originally Posted by moneyman
FU-K Fannie...I have been back in the field since 2016......It's a Sh1t Show here and ALL over from Maine to CA based on my appraiser sources......Gonna be fun this Spring



Brian,

 Good to see you back.  In the areas that I look in, I see low inventory with steady demand.  The winter has seen lower demand (as seasonally expected) and very low inventories. Can you share some of your data and incite?  I respect you opinions, based on your past experience.

 I will note that over a year ago, one area of CA was flat to slight decline.  It has since gone to the positive, but I know that the big data compilers can skew the results.

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RubberStamp

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Wasn't Florida the canary in the coal mine last bubble?  Susceptible market because of the number of 2nd homes. 

I feel markets are incapable of a soft correction and soft landing.  The guys with the cash don't make any money that way.   It's possible but I think something is baked in that can shockwave even real estate.    For example:  This latest dive in the stock market can be attributed to a whole new gamble bet based upon volatility.  Basically - just shake the market a bit and it sets off a computer generated wave of sell offs.  

There are things going on we know nothing about until after we have been had.

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moneyman

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My sources are appraisers in the field, appraisers at large Banks and AMC's, and GSE's. The number of properties in some stage of default from 30 days late all the way to full blown foreclosure status is exploding.....


Like I said.....sh1tay Spring, higher interest rates, lowered overall demand, few truly qualified buyers left available in the buyer pool, and this being the end of the BOOM housing cycle..............ALL Culminate into a sh1t sandwich of EPIC proportions.

Economic indicators are NOT good....

FED participation in the mortgage market has been highly curtailed and additional housing stimulus is GONE. 


Like I said.......come May 2018 you and ALL of America will know the direction of the Housing market and Lord help us if the Stock Market sniffs any issue with the housing market......which THEY WILL.

All the Best and Oh Happy days are here AGAIN......"2006- Rinse- Repeat"

What does all this translate into? The reality that there is NO MECHANISM within our economy that is buoyant enough to keep markets afloat when the Fed backs away. Nearly everyone is in massive debt, there is no one left to buy at the level needed except the Fed.

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moneyman

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Also worth noting....FED Chairmen and their words..not mine


https://www.zerohedge.com/news/2018-02-20/brandon-smith-new-fed-chairman-will-trigger-historic-stock-market-crash-2018

For example, Richard Fisher, former head of the Dallas Federal Reserve, admitted a few years ago that the U.S. central bank has made its business the manipulation of the stock market to the upside:

What the Fed did — and I was part of that group — is we front-loaded a tremendous market rally, starting in 2009.

It’s sort of what I call the “reverse Whimpy factor” — give me two hamburgers today for one tomorrow.

I’m not surprised that almost every index you can look at … was down significantly.

Fisher went on to hint at the impending danger (though his predicted drop is overly conservative in my view), saying: “I was warning my colleagues, don’t go wobbly if we have a 10-20% correction at some point…. Everybody you talk to … has been warning that these markets are heavily priced.”

One might claim that this is simply one Fed member’s point of view. But it was recently revealed that in 2012, Jerome Powell made the same point in a Fed meeting, the minutes of which have only just now been released:

"I have concerns about more purchases. As others have pointed out, the dealer community is now assuming close to a $4 trillion balance sheet and purchases through the first quarter of 2014. I admit that is a much stronger reaction than I anticipated, and I am uncomfortable with it for a couple of reasons.

First, the question, why stop at $4 trillion? The market in most cases will cheer us for doing more. It will never be enough for the market. Our models will always tell us that we are helping the economy, and I will probably always feel that those benefits are overestimated. And we will be able to tell ourselves that market function is not impaired and that inflation expectations are under control. What is to stop us, other than much faster economic growth, which it is probably not in our power to produce?

When it is time for us to sell, or even to stop buying, the response could be quite strong; there is every reason to expect a strong response. So there are a couple of ways to look at it. It is about $1.2 trillion in sales; you take 60 months, you get about $20 billion a month. That is a very doable thing, it sounds like, in a market where the norm by the middle of next year is $80 billion a month. Another way to look at it, though, is that it’s not so much the sale, the duration; it’s also unloading our short volatility position."

"My third concern — and others have touched on it as well — is the problems of exiting from a near $4 trillion balance sheet. We’ve got a set of principles from June 2011 and have done some work since then, but it just seems to me that we seem to be way too confident that exit can be managed smoothly. Markets can be much more dynamic than we appear to think.

When you turn and say to the market, “I’ve got $1.2 trillion of these things,” it’s not just $20 billion a month — it’s the sight of the whole thing coming. And I think there is a pretty good chance that you could have quite a dynamic response in the market.

I think we are actually at a point of encouraging risk-taking, and that should give us pause.

Investors really do understand now that we will be there to prevent serious losses. It is not that it is easy for them to make money but that they have every incentive to take more risk, and they are doing so. Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy."

 

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BillDing

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Reply with quote  #27 
Quote:
Originally Posted by Lobatt
My E&O provided lawyer from Hawkins, Parnell, Thackston & Young said that certification #23 allows them to use the appraisal and we were stuck.

Sorry to hear that. Sounds like you got a bad lawyer. Who is your E&O?

edit: You do have clarifications in your report, don't you? Client is the only intended user, the buyer/seller/homeowner is not, blah blah blah...


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RubberStamp

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Reply with quote  #28 
You are looking at this from a practical standpoint.  This is what SHOULD happen.  But if I've learned anything in the past decade is that there are more tools and more tactics than you can count.   And it is also apparent that the world has zero tolerance for any backslide what-so-ever.

So my prediction is that what should be steady and slow "pain" of healing will instead turn into a much longer drawn out treading of water.  The eventual correction ..  whenever it happens...   will be earth shattering.   Our only saving grace is that the US is still, unbelievably, doing LESS manipulation than other world banks.   So when the pain hits we will be crushed but they will be Venezuela like. 

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Meatloaf

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TRUMP will save us all.
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MVA2001

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Quote:
Originally Posted by BillDing

Sorry to hear that. Sounds like you got a bad lawyer. Who is your E&O?

edit: You do have clarifications in your report, don't you? Client is the only intended user, the buyer/seller/homeowner is not, blah blah blah...



Hawkins and Parnell are very well respected. They represented me via E and O on an intended user issue, I’ve posted that case here before several times.

Here is what I know, what the law, rules, guidance says is ALWAYS up to judicial interpretation
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MVA2001

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Reply with quote  #31 
MM | RS -

THIS spring Brian? That seems really aggressive knowing how markets don’t operate in textbook models and are highly influenced by participant perception, political participation, and smoke/mirrors

If you are right on your timeline, I’ll start endorsing you publicly as a market trend expert

I tend to agree with rubber stamp, in theory you are correct, in applicati0n there is too much as stake for that timeline

We will know soon enough!

Side note, driving through industrial park off McFarland, there is space available every 100 feet
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RubberStamp

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Housing starts are down...  I think they said 6%.

But the foundation will still need a year or two to be rocked.  Trump in office will defiantly keep the bulls charging.   They can feed off of the lower income tax for a good while I would think.  If that stretches for a while...   and we do see tax revenue increase with increased wages..  then we could avoid the pit fall.   We are not coming off of a period of war like the last time.  

So as ML said:  Trump might just save us.   Pure and real growth is the only way.  As well as the avoidance of war as it is executed today.. where the US pays for it all and the rebuilding.

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Meatloaf

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Quote:
Originally Posted by RubberStamp
Housing starts are down...  I think they said 6%.

But the foundation will still need a year or two to be rocked.  Trump in office will defiantly keep the bulls charging.   They can feed off of the lower income tax for a good while I would think.  If that stretches for a while...   and we do see tax revenue increase with increased wages..  then we could avoid the pit fall.   We are not coming off of a period of war like the last time.  

So as ML said:  Trump might just save us.   Pure and real growth is the only way.  As well as the avoidance of war as it is executed today.. where the US pays for it all and the rebuilding.


My market area is fueled by war.

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RubberStamp

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Quote:
Originally Posted by Meatloaf


My market area is fueled by war.


And war pulled us out of the great depression...
That is why I said "how it is conducted today"...   It is just too expensive for the US to shoulder the burden.  They have to over heat the economy to give it fuel and then the aftermath can be just as destructive economically. 

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Meatloaf

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My concern is that the next war won't be fought with bombs.. it will be fought with computer viruses.

The reason for bombs is not to kill but to economically stop the other party.  You can do that without bombs now days.  It is becoming quite clear that Russia, China and North Korea are smarter than we are and they can shut our whole country down or manipulate us into believing anything.  Much more powerful than a bomb.  You cannot destroy America with a bomb or even a whole crapload of them.  Even a nuke wouldnt' slow us down.  But cause some economic damage electronically and it can wreak havoc on us all.  This is something that we couldn't even fight back with against a third world dictator.  We can only strive to prevent the attack, we have nothing to counter it with.

We have already been attacked by North Korea, China and it does appear at least to some degree that Russia has gotten us.  Where is Snowden??? Even trump won't parden him to get him out of Russia's hands.  It may be too late.

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Bobby

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We have no clue what tomorrow will bring.  They can crash it all within minutes.
Just ride the wave and insulate yourself for the hard times. 

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RubberStamp

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Yeah I think NK, China and Russia have figured out there's gotta be a better way to take down a country.  What is crazy.. if they would just treat their citizens well and become friends they would be 10x more profitable for themselves.  It is really just the small crop at the top that love the power. 

Not sure there's a way to insulate ourselves unless you've got a plot of land out in the country and are into organic farming.   But you gotta think when there are starving 10's of millions no farm will be safe.  When someone eventually wipes the bank digits clean all that money you've saved up will poof into thin air.

But you still have to think.. the odds are..  that some crazy group gets hold of a nuke and uses it.  Seems to be just around the corner.

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Meatloaf

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Russia has nukes about 10 miles off the Georgia coast pointed our direction right now.  I sleep well at night knowing that Mr. Putin is a very smart and intelligent man.  I do not get that impression from the North Koreans.

Personally, I think Russia helps to keep us in check.  Without the Russians, our military would be too weak to be meaningful.  I don't really worry about the Russians as I don't think they are crazy and a direct military attack on the US would be crazy.

As far as China?  They are not crazy either and they wouldn't attack us either.  But they would attempt to control our economy.  North Korea is just fugging crazy with nothing to lose.

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Bobby

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Quote:
Originally Posted by RubberStamp
Yeah I think NK, China and Russia have figured out there's gotta be a better way to take down a country.  What is crazy.. if they would just treat their citizens well and become friends they would be 10x more profitable for themselves.  It is really just the small crop at the top that love the power. 

Not sure there's a way to insulate ourselves unless you've got a plot of land out in the country and are into organic farming.   But you gotta think when there are starving 10's of millions no farm will be safe.  When someone eventually wipes the bank digits clean all that money you've saved up will poof into thin air.

But you still have to think.. the odds are..  that some crazy group gets hold of a nuke and uses it.  Seems to be just around the corner.


You don't think the zombie conditioning the public has gone through was really about zombies do you?  It's gonna be ruthless and lawless...  Stack the ammo deep and cheap. 
Trump has failed us!



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Meatloaf

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Trump has failed us?
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moneyman

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It may seem OK in Atlanta from a local perspective ........it always does until the fence gets knocked over and you see how bad the neighbors house/yard looks.


I mean no harm.....I just call it like I see it and I am hearing a SH1T ton of "distressed/pre-foreclosure/late pays/ and full blown REO's" are blowing up the back offices of some of the largest banking institutions/GSE's in the USA.

Opinions are like azzholes......I am not stating an opinion because anyone here longer than 10 minutes already knows I am one of those. I am just stating what the "hush hush" is on the street. 

May......"May Day" is the last of the Real Estate "Alamo".....

-MM   
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Meatloaf

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Quote:
Originally Posted by moneyman
It may seem OK in Atlanta from a local perspective ........it always does until the fence gets knocked over and you see how bad the neighbors house/yard looks.


I mean no harm.....I just call it like I see it and I am hearing a SH1T ton of "distressed/pre-foreclosure/late pays/ and full blown REO's" are blowing up the back offices of some of the largest banking institutions/GSE's in the USA.

Opinions are like azzholes......I am not stating an opinion because anyone here longer than 10 minutes already knows I am one of those. I am just stating what the "hush hush" is on the street. 

May......"May Day" is the last of the Real Estate "Alamo".....

-MM   


I believe you.  Prices have been running up and up and up.  Nothing has really changed.  What I don't understand is why there would be so many homes facing foreclosure.  Jobs and the economy are doing better.  Is it people struggling to afford health care that is forcing this?  Is it loose lending on recent purchases?  I don't see it.  Although prices are up, its because inventory is low.  Relatively speaking the amount of transactions isn't that high, its just that demand is strong.

New construction is getting fancier and fancier by the day, more trim, more barn doors, more crap that cost more in the same shell they were building 10-15 years ago.  So, our residential values are fluffed on needless crap that will turn to worthless in the next style/trend cycle and recovery meaning a lot of dated/undesireable homes on the market.  I am seeing inventory creep up and DOM creep up but it is still very low.

The end of next week is generally an indicator of the market for me.  Usually the last week in february is the jump-off point for the year.  I really hope its going to spring into action, cause this week has been awfully quiet.

Also, its great to see you back on the forum.  Your insight is always appreciated.

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MVA2001

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Reply with quote  #43 
B- not saying your ‘wrong’ , hoping you are but I don’t dispute your data

I agree with Jody as well, In the sense I’m not sure where the defaults are coming from?

I haven’t seen or gotten that feel at all ‘on the street’ that people aren’t paying their notes

If that’s the case, I do think there is going to be a lot less tolerance on letting the defaults season any farther,

Who is going to take the blame this time around? It’s not the appraisers.....
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moneyman

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Reply with quote  #44 
I don't know where they are coming from...I just know they are here and in a BIG way.

I also know there are NO items left in the FEDS toolbox to "juice" the market, the demand, the price, or the availability to cheap money....

If the market is slowing and or dying in he face of all this.....what the Hell could possibly get prices higher or more "butts in seats"?

Free Money?
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RubberStamp

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Reply with quote  #45 
MM - I disagree.  The Fed can lower rates.  Right now they are raising them.  A few years ago they were toying with the idea of negative rates.  So from my vantage we are having slow healing...   and when you go from boom to "normal" it will feel like being forced to drive 55mph again.

I think I'm seeing the same thing from another perspective.  I see the "creative" marketing and eventually loan packages (whatever the tolerance for risk they can pawn off on FNMA and FHA) coming back.    That means that organic growth is ending and they are going to have to derive a new way to entice the refi boom to continue.   No appraisal loans are the new no doc loans - but a bit less risky at least.   Quicken is pushing hard to get you into a 15 year.   And then 1 year later they'll call you up and say we can save you $300 a month if you go back to a 30 year - right when they need a new car to lease at $300/mth. 

Also, the visible inventory is at historic lows.  Business is slow because everyone has already refinanced and those that want to buy can't find anything.   I believe the reason why housing starts are low is that builders need cheap land so they are building in the boonies..   Everyone wants to be near a city these days.

The idiots will be yo yo'd around always.   But if you are hearing about a shadow REO inventory building..  that is something.  First I've heard of it but if you make the call on May I'm going to be really really impressed and would like to hire you as my financial advisor. 

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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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moneyman

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Reply with quote  #46 
So you think the Feds can 30 year mortgage money into the 2's? I don't give a damn what they toss around on CNBC about the "rates" the Fed Reserve sets between the Banksters...I care about how much real people/middle class have to pay for their loan.

Believe me, the shady loans have been going on ALREADY for several years which were INITIATED by Fannie/Freddie. The Gov't can't get the bankers to make enough loans.....

all the while the solid banks are doing everything they can to curtail "over lending".....

Alas, I hold my May call......The call is not for a market crash but for the market to realize beyond a doubt....the correction is here and happening. There are always seasonal lulls in Winter.  This Spring/Summer is going to be a lull.

Dallas had a poor Spring/Summer in 2017. Atlanta will have one in 2018. The rest of the Country will see it in full effect in 2019. It is a cycle and May marks the end of the uptrend in American Residential Real Estate. 

Dallas is leading the Nation down on this correction because it led the BOOM up. We are up 10% across the board for 7 years in a row. We can stand to take 20% haircut and STILL be way up.

I argue this correction does not have to be 30-40% nationwide to FEEL like it is that deep. People are running thinner margins now both corporately and privately. Lots of credit....not much real CASH.

Watch the credit evaporate....so will values.  

-MM 
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Meatloaf

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Reply with quote  #47 
I blieve the moneyman.

In the last "correction" it definitely hit different areas at different times.  Atlanta was a super heated market at that time and it led my area by about a year.  The trickle down will occur and your timeline sounds right.  The bigger bubbles pop first.  I don't keep up with dallas, but I do try to keep up with Atlanta because my market is always just behind Atlanta in movement.

If my homies in ATL are busy, in exactly 2 weeks, I will be busy, if they are slow in exactly 2 weeks I will be slow.  If Atlanta pops, in exactly 1 year my market pops.  Its funny how consistant it is.

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The AMC is my B!TCH!
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RubberStamp

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Reply with quote  #48 
Wow.  Still a big, big call.  You are shorting into a bull market.  I like the call but would not put my money on it.  There are so many factors working against you.  Just the "big ship" effect of the real estate market.  Here, unlike stocks, you have individuals working on each deal one by one where it is their most important asset.  The huge rudder takes time to move the ship.  Then its SMACK in the middle of seasonality adjusted highs in May.. without a doubt, every year.  Then you have taxes cut recently...  which will take a year for everyone to digest and know what that means to them and their employers.  Peoples jobs are definitely more secure than last year.

If in 2018 I would say it hits in the fall.   But I think all of those factors will push it another year or two down the road.  During that time tax cuts will have a chance to do their magic.  If they don't work... we are definitely screwed.   But we have a chance to get through this unscathed.  In the meantime I expect a slow down in real estate due to higher interest rates and low inventory.

But who knows what is going on in CA or FL?   Moneyman may have his ear to the rail on those markets and it will spread.  But I still think it will take time.  I love this poop, can you tell?  If I could do it all over I would be a stock broker.  Fascinating stuff and then throw in tech, gov't intervention, and human emotion...  even the very best get it wrong often.

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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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moneyman

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Reply with quote  #49 
7 Trillion in additional National Debt has allowed Stocks and Real Estate to climb back to all time highs and (Stocks) to push higher on an inflation adjusted basis....

All the while having mortgage rates at 500 year lows...

Fannie/Freddie have become the "New" secondary mortgage market. Who else is securitizing this sh1t paper? Who will be on the hook for this trash when it burns up again?

Answer: Taxpayer

Rinse=Repeat

PS....do the new "Tax Breaks" equate to 7 Trillion in "economic lift"?........LOL

I am keeping my money in cash. I may not be right on the "time of day" but I know time is running out.  

-MM
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moneyman

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Reply with quote  #50 
PLUS:

There are more people "fully invested" in the Stock Market than ever before in the HISTORY of mankind......

People have bought record numbers of shares on MARGIN.....which means they used their Brokers Credit Card to buy them and they don't OWN them....

I wouldn't call it a "BULL" market as much as I would call it a "Bullsh1t Casino Market"

People buying today in Stocks and RE are scared to "miss out"...which is EXACTLY the time a smart person moves to CASH

There is your investing advice for 2018-2020. You can thank me later....

-MM 
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