Comments on: Buy and Bail: Making The Rule Work For You. Part I http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/ New Home and Home Builder Information Fri, 20 Nov 2009 14:29:19 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: mario@bathroom vanity sink tops http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-31960 mario@bathroom vanity sink tops Wed, 09 Sep 2009 16:02:14 +0000 http://www.newhomessection.com/blog/?p=367#comment-31960 As mentioned above: "NEVER LET THE BANK TELL YOU WHAT YOU CAN AND CAN’T DO!". They're in for the money and not for you. Get second opinions from independent sources before doing a move. Professional opinions. This matter is serious enough. It's important to know exactly where you are heading, otherwise you might be getting yourself in the group of irresponsible people who made this problem happen in the first place, by not being able to pay their mortgage and driving of real estate prices down. .-= mario@bathroom vanity sink tops´s last blog ..<a href="http://bathroomvanitysinktops.com/bathroom-mirror-medicine-cabinet.html" rel="nofollow">Bathroom Mirror Medicine Cabinet</a> =-. As mentioned above: “NEVER LET THE BANK TELL YOU WHAT YOU CAN AND CAN’T DO!”. They’re in for the money and not for you.

Get second opinions from independent sources before doing a move. Professional opinions. This matter is serious enough.

It’s important to know exactly where you are heading, otherwise you might be getting yourself in the group of irresponsible people who made this problem happen in the first place, by not being able to pay their mortgage and driving of real estate prices down.
mario@bathroom vanity sink tops´s last blog ..Bathroom Mirror Medicine Cabinet My ComLuv Profile

]]> By: UK Repossession Expert http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-17181 UK Repossession Expert Thu, 28 May 2009 10:19:27 +0000 http://www.newhomessection.com/blog/?p=367#comment-17181 We don't operate this kind of system here in the UK but if we did I'm sure, given the option of being able to move or lose your home, many thousands of homeowners would at least consider it, regardless of their moral standpoint. We don’t operate this kind of system here in the UK but if we did I’m sure, given the option of being able to move or lose your home, many thousands of homeowners would at least consider it, regardless of their moral standpoint.

]]> By: Lola http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-10303 Lola Mon, 16 Mar 2009 22:52:19 +0000 http://www.newhomessection.com/blog/?p=367#comment-10303 The other way is a bit more drastic and risky but you could short-sell your home and then qualify for the new one. This would take timing and negotiation skills but it can be done. Short-sale the current home and buy the new one before your credit reflects a settled account. (not perfect but possible) Hopefully the above shows up this time. How exactly do you do this? Can I get some more details? The other way is a bit more drastic and risky but you could short-sell your home and then qualify for the new one. This would take timing and negotiation skills but it can be done. Short-sale the current home and buy the new one before your credit reflects a settled account. (not perfect but possible)

Hopefully the above shows up this time.

How exactly do you do this? Can I get some more details?

]]> By: Office space http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-9127 Office space Wed, 25 Feb 2009 11:22:06 +0000 http://www.newhomessection.com/blog/?p=367#comment-9127 @Stephen . Thanks for getting back to me. I hope the material really help you. As I explained, buy and bail can have a lot of advantages. @Stephen . Thanks for getting back to me. I hope the material really help you. As I explained, buy and bail can have a lot of advantages.

]]> By: FLIR B200 http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-8170 FLIR B200 Thu, 05 Feb 2009 17:17:16 +0000 http://www.newhomessection.com/blog/?p=367#comment-8170 Never heard of this process before. thanks for some interesting ideas concerning it. Never heard of this process before. thanks for some interesting ideas concerning it.

]]> By: Stephen McFarlane http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-3892 Stephen McFarlane Thu, 25 Sep 2008 05:34:24 +0000 http://www.newhomessection.com/blog/?p=367#comment-3892 Wow, I never knew about buy and bail. I think this procedure would take time and compromise but it can be done. That’s pretty interesting...Thanks for sharing it Wow, I never knew about buy and bail. I think this procedure would take time and compromise but it can be done. That’s pretty interesting…Thanks for sharing it

]]> By: Brent Lane - Guest Blogger http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-3808 Brent Lane - Guest Blogger Mon, 22 Sep 2008 20:46:16 +0000 http://www.newhomessection.com/blog/?p=367#comment-3808 HI TWA! I agree that people shouldn't buy and bail on their existing home because there are so many different ways to get out from under an upside down mortgage as I demonstrate on my BLOG. www.brentlane.wordpress.com Austin, Be sure you don't let your clients get into contract if they have this issue! Know there are ways around it and a professional loan person will know what to do! Office Space! I agree Fraud is Bad! The rest is too detailed for this miniature box I get to write in. Beeinti! Coaching clients through the process becomes part of your job as a real estate person. There are some Real Estate people who take their clients down the wrong path and that is unfortunate but it happens. Hopefully there are those who do the right thing! Brent Brent Lane - Guest Bloggers last blog post..<a href="http://thelanegroup.blogspot.com/2008/07/this-is-part-2-of-post-continued-from.html" rel="nofollow">Mortgage Shoppers: My Experience with a Pro! Part 2</a> HI TWA!

I agree that people shouldn’t buy and bail on their existing home because there are so many different ways to get out from under an upside down mortgage as I demonstrate on my BLOG. http://www.brentlane.wordpress.com

Austin,
Be sure you don’t let your clients get into contract if they have this issue! Know there are ways around it and a professional loan person will know what to do!

Office Space!
I agree Fraud is Bad! The rest is too detailed for this miniature box I get to write in.

Beeinti!
Coaching clients through the process becomes part of your job as a real estate person. There are some Real Estate people who take their clients down the wrong path and that is unfortunate but it happens. Hopefully there are those who do the right thing!

Brent

Brent Lane – Guest Bloggers last blog post..Mortgage Shoppers: My Experience with a Pro! Part 2

]]> By: Beeintl http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-3658 Beeintl Fri, 19 Sep 2008 12:23:47 +0000 http://www.newhomessection.com/blog/?p=367#comment-3658 It is possible for borrowers with good credit to buy a new home with a lower price and then bail out of the "upside down" mortgage on their first home. Some cases, homeowners are coached through the buy-and-bail process by real-estate agents and brokers who see nothing wrong with it. <a href="http://www.beeint.co.uk" rel="nofollow"> Property Management – Propety Sourcing, Property Acquisition, Buy Property, Sell Property, property repossession </a> It is possible for borrowers with good credit to buy a new home with a lower price and then bail out of the “upside down” mortgage on their first home. Some cases, homeowners are coached through the buy-and-bail process by real-estate agents and brokers who see nothing wrong with it.

Property Management – Propety Sourcing, Property Acquisition, Buy Property, Sell Property, property repossession

]]> By: Office Space http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-3584 Office Space Wed, 17 Sep 2008 15:03:00 +0000 http://www.newhomessection.com/blog/?p=367#comment-3584 I think Buy and Bail just adds to the real estate problem.Regulations are laws for corporate entities. The GOP model of the world is one in which there is no laws governing corporate entities, and heavy regulation of human entities. This is evidenced by the 'Free Market' where businesses can freely lie, cheat and steal from humans with no consequences, but humans are thrown in jail for exactly the same behaviors. The GOP already acts as if corporate entities are American's citizens and we humans are 'illegals' that have no rights: we would be slaves but for the pittance we receive as 'income' from our owners. We humans are regulated by 'fraud' laws, the lenders are not and don't want to be I think Buy and Bail just adds to the real estate problem.Regulations are laws for corporate entities.

The GOP model of the world is one in which there is no laws governing corporate entities, and heavy regulation of human entities. This is evidenced by the ‘Free Market’ where businesses can freely lie, cheat and steal from humans with no consequences, but humans are thrown in jail for exactly the same behaviors. The GOP already acts as if corporate entities are American’s citizens and we humans are ‘illegals’ that have no rights: we would be slaves but for the pittance we receive as ‘income’ from our owners.

We humans are regulated by ‘fraud’ laws, the lenders are not and don’t want to be

]]> By: Late Night Austin Real Estate http://www.newhomessection.com/blog/buy-and-bail-making-the-rule-work-for-you-part-i/2008/09/12/comment-page-1/#comment-3493 Late Night Austin Real Estate Mon, 15 Sep 2008 03:28:31 +0000 http://www.newhomessection.com/blog/?p=367#comment-3493 Interesting. I have never heard of buy and bail. I guess I would be worried about how ruined credit would effect your life. I know right after college I had a $30 medical payment I forgot to make. I thought I had paid it and I never got bill because I moved around a lot. Long story short it tanked my credit. I only discovered it when I could not get home phone service because of credit. Pretty much anything I tried to do I was denied for. Interesting. I have never heard of buy and bail. I guess I would be worried about how ruined credit would effect your life. I know right after college I had a $30 medical payment I forgot to make. I thought I had paid it and I never got bill because I moved around a lot. Long story short it tanked my credit. I only discovered it when I could not get home phone service because of credit. Pretty much anything I tried to do I was denied for.

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