[AsburyPark] Re: unsold condos...
My house is techinically a condo, converted in 2004 with the 5 units in the front house. Hard to comp. It is near North Beach, 2 bed, 2 bath, no tax abatement, taxes around 6K (down from 8k- I fought the law and I won). I do not want to default. My understanding is NJ is a recourse state, so I will owe the money anyway and destroy my credit. I can *probably* qualify for another mortgage, looking into that now. SO, I will buy a small house closer to work in a town where I can send my kid to school and use Asbury as a rental. Although I am not too keen on being a LL. I am NOT handy at ALL. And I will likely move a bit away. I would like to keep Asbury as a second home, but with child care costs etc, I do not think I can really swing it. But anyway, the point is that when those North Beach units sit and are a little over $300k with a tax abatement OCEANFRONT, that just depresses everything else. My place could be worth $100K less than what I paid for it 7 years ago. And if a condo board is not flush with cash, the buyer you find may not be able to get a mortgage anyway. More new units that come on and sit, the more the older ones get depressed. I know the plan is the plan, but I am not real sure what the incentive is to keep building what people do not seem to want to buy. If Asbury becomes more and more a place where people want to go (amusements, Stone Pony etc) THEN maybe people will want to buy luxury condos. --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@... wrote: Hadn't looked in a long time, but tax records for N Beach sow around 80 units in Paramounts name. Not sure how many of those remain unfinished, rented by them, or finished and vacant. SO more then half unsold. that does little for you. I think I saw a 2 bed there going for 309k. That unit, tax abated taxes are just $3400. Wesley grove is advertising 4 unsold. Not sure which units. At least one I recall was a real waste - at least in my view. One listing is for a unit by MM is for $339,00. With tax abatement taxes are only around $5000. Griffin - maybe 15 units up. Not sure. A $649,000 unit there, taxes are looking at $7700. While at the Blu, a $256000 blowout price, taxes are $7,000. MLS shows 91 condos for sale, which includes some listed here, but not all that are up in some conversions. And then there are those like yourself, with homes you'd like to sell, but from what you say are more or less stuck. Stuck unless you look at your numbers, life etc and do that american thing and say f-it. Hire a local attorney (there;s a few), stop paying your mortgage and the rest on a home that is underwater. Pocket the cash and save it. Why pay on a losing investment? Well, that's the real bullshit and why the system is screwed up. Sales suck unless you have cash. You need f[in perfect credit and you need your home to appraise. Good luck all the way around. I inquired the other day about refinancing from 6% on my home down to 7-7.5 on my rentals. What a joke. I currently pay, on time, a mortgage on tiny equity loan on my home, and mortgages, on time, on 3 rentals with 3 mortgages and another small equity line that is closed. Car loans, one existing - never late. Cards, paid off or on time. On own a couple houses free and clear. Like a schmuck I worked my ass off as did my wife to do it right... I had one f-up a tax lien that I paid off sooner then I had to. That;s because tenant's don't get arrested for stealing (not paying rent). They just move on to the next schmuck of a landlord. My point is, RENTALS, priced to rent, will rent. It;s one of the lastest trends in housing and that's why there's money going into it. Rental owner Developing the rental and holding it for themselves. It's where the old farts after WWII made their money and many of those families never sold these investments. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: unsold condos...
I'd appeal your taxes again. Why not. One of the big rushes about when you bought your condo was the quick conversion of 1-5 units in AP to condo ownership. Pre-conversion I had a looked at a couple. The city back then was to quick and desperate and let these happen. So a place like yours that was paying maybe 10k in taxes as a 5 family rental (or more or less) all of a sudden was worth $50k in taxes. Why not approve the conversions?? Many of the apartment to condo conversions looked great as well. They are as a second home, weekend home etc. Those that bought to flip got screwed as were those that were duped thinking that the rent always covers the mortgage . Maybe someone bought as a second home or yr round home only to find themselves in a building that is now mostly rentals North beach didn't do a blow-out sale either. If I'm right, Amboy Bank was/is the mortgage holder and they had a clever set-up to hold their own notes. They moved them off the books. Instead of dumping properties, they either sold for proft or hold and manage and rent the properties. And yes, the value of your condo - is based on the supply on demand. Some people want to be in downtown, some in a conversion, some in a highrise with gym, pool, indoor parking, doorman and on the beach. And minimal taxes for now. See what you get for having a career, being a working mom, paying taxes, successful, afraid for your credit and not taking the easy way out. You'd make an excellent subject for an article.; Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: unsold condos...
Also note with banks, if you are a total disaster, they have an incentive to work with you, but if you are not, they won't. So, I posed the following to the bank, as a hypothetical... I said, what if I owe say $300K and I find a buyer on my own for $270K. Can I work out a payment plan for the $30K that I owe? No. All loans will be due upon the sale. So, you would rather people default on purpose, have to sell the house, institute legal proceedings to recover the difference etc rather than allow people to pay off their debts with little inconvenience to the bank? Makes no sense. So, yeah, bring on more condos :) --- In AsburyPark@yahoogroups.com, fancypaaantz fancypaaantz@... wrote: I bought not to flip but to hold on for maybe 5 years or so, have a fun weekend place, place to surf And then, well, life happened! Changed jobs, got married, had a child, got divorced, etc. The rent will never cover my costs, it will only help, but then I have to worry that the tenants will mess up my house :) Yes, the middle class, always gets screwed! Much easier to be a big bank! --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote: I'd appeal your taxes again. Why not. One of the big rushes about when you bought your condo was the quick conversion of 1-5 units in AP to condo ownership. Pre-conversion I had a looked at a couple. The city back then was to quick and desperate and let these happen. So a place like yours that was paying maybe 10k in taxes as a 5 family rental (or more or less) all of a sudden was worth $50k in taxes. Why not approve the conversions?? Many of the apartment to condo conversions looked great as well. They are as a second home, weekend home etc. Those that bought to flip got screwed as were those that were duped thinking that the rent always covers the mortgage . Maybe someone bought as a second home or yr round home only to find themselves in a building that is now mostly rentals North beach didn't do a blow-out sale either. If I'm right, Amboy Bank was/is the mortgage holder and they had a clever set-up to hold their own notes. They moved them off the books. Instead of dumping properties, they either sold for proft or hold and manage and rent the properties. And yes, the value of your condo - is based on the supply on demand. Some people want to be in downtown, some in a conversion, some in a highrise with gym, pool, indoor parking, doorman and on the beach. And minimal taxes for now. See what you get for having a career, being a working mom, paying taxes, successful, afraid for your credit and not taking the easy way out. You'd make an excellent subject for an article.; Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: unsold condos...
isn't that what shortsale is though? or even what about a loan modification? both of which i believe destroy credit (i'm not sure the technicalities) and the only way to get them to consdier that is to just stop paying the mortgagebut - i know if you're thinking about something like that there is a tax implication of the balance forgiving if it's not primary residence (if you're thinking of renting) - i had a friend who got really bitten that way. it's going to cost no matter what (either the bank or government will take it). i'm wondering why investors would even consider building more condos based on the open units and foreclosure rate etc, it doesn't make sense and it screws us all up. I got bitten in NY that way too - couldn't (still can't) sell my apartment in chelsea which is a brownstone, goregous building, back yard etc because there are something like 5000 unsold new build condos in the same area (unfortunately it is a coop, but still). *Satisfied Customers on Receipt - Worldwide* Claire Davids Managing Partner i-Parcel LLC Tel: +12015491502 Mobile: +16464316239 www.i-parcel.com On Wed, Sep 21, 2011 at 9:45 AM, fancypaaantz fancypaaa...@yahoo.comwrote: ** Also note with banks, if you are a total disaster, they have an incentive to work with you, but if you are not, they won't. So, I posed the following to the bank, as a hypothetical... I said, what if I owe say $300K and I find a buyer on my own for $270K. Can I work out a payment plan for the $30K that I owe? No. All loans will be due upon the sale. So, you would rather people default on purpose, have to sell the house, institute legal proceedings to recover the difference etc rather than allow people to pay off their debts with little inconvenience to the bank? Makes no sense. So, yeah, bring on more condos :) --- In AsburyPark@yahoogroups.com, fancypaaantz fancypaaantz@... wrote: I bought not to flip but to hold on for maybe 5 years or so, have a fun weekend place, place to surf And then, well, life happened! Changed jobs, got married, had a child, got divorced, etc. The rent will never cover my costs, it will only help, but then I have to worry that the tenants will mess up my house :) Yes, the middle class, always gets screwed! Much easier to be a big bank! --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote: I'd appeal your taxes again. Why not. One of the big rushes about when you bought your condo was the quick conversion of 1-5 units in AP to condo ownership. Pre-conversion I had a looked at a couple. The city back then was to quick and desperate and let these happen. So a place like yours that was paying maybe 10k in taxes as a 5 family rental (or more or less) all of a sudden was worth $50k in taxes. Why not approve the conversions?? Many of the apartment to condo conversions looked great as well. They are as a second home, weekend home etc. Those that bought to flip got screwed as were those that were duped thinking that the rent always covers the mortgage . Maybe someone bought as a second home or yr round home only to find themselves in a building that is now mostly rentals North beach didn't do a blow-out sale either. If I'm right, Amboy Bank was/is the mortgage holder and they had a clever set-up to hold their own notes. They moved them off the books. Instead of dumping properties, they either sold for proft or hold and manage and rent the properties. And yes, the value of your condo - is based on the supply on demand. Some people want to be in downtown, some in a conversion, some in a highrise with gym, pool, indoor parking, doorman and on the beach. And minimal taxes for now. See what you get for having a career, being a working mom, paying taxes, successful, afraid for your credit and not taking the easy way out. You'd make an excellent subject for an article.; [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: unsold condos...
I have not really explored it but my understanding is that if you can pay, they have no incentive to work with you re: short sale or modification. And unless there are dire circumstances, why destroy credit, have tax implications, open youself up to legal action, etc.? I think it is just better to wait it out. However, that being said, my concern with this plan is that the local home values will continue to go down if more condos flood the market and do not sell. Eventually, the units will be filled with tenants instead of home owners, etc. --- In AsburyPark@yahoogroups.com, Claire Davids claire.davids@... wrote: isn't that what shortsale is though? or even what about a loan modification? both of which i believe destroy credit (i'm not sure the technicalities) and the only way to get them to consdier that is to just stop paying the mortgagebut - i know if you're thinking about something like that there is a tax implication of the balance forgiving if it's not primary residence (if you're thinking of renting) - i had a friend who got really bitten that way. it's going to cost no matter what (either the bank or government will take it). i'm wondering why investors would even consider building more condos based on the open units and foreclosure rate etc, it doesn't make sense and it screws us all up. I got bitten in NY that way too - couldn't (still can't) sell my apartment in chelsea which is a brownstone, goregous building, back yard etc because there are something like 5000 unsold new build condos in the same area (unfortunately it is a coop, but still). *Satisfied Customers on Receipt - Worldwide* Claire Davids Managing Partner i-Parcel LLC Tel: +12015491502 Mobile: +16464316239 www.i-parcel.com On Wed, Sep 21, 2011 at 9:45 AM, fancypaaantz fancypaaantz@...wrote: ** Also note with banks, if you are a total disaster, they have an incentive to work with you, but if you are not, they won't. So, I posed the following to the bank, as a hypothetical... I said, what if I owe say $300K and I find a buyer on my own for $270K. Can I work out a payment plan for the $30K that I owe? No. All loans will be due upon the sale. So, you would rather people default on purpose, have to sell the house, institute legal proceedings to recover the difference etc rather than allow people to pay off their debts with little inconvenience to the bank? Makes no sense. So, yeah, bring on more condos :) --- In AsburyPark@yahoogroups.com, fancypaaantz fancypaaantz@ wrote: I bought not to flip but to hold on for maybe 5 years or so, have a fun weekend place, place to surf And then, well, life happened! Changed jobs, got married, had a child, got divorced, etc. The rent will never cover my costs, it will only help, but then I have to worry that the tenants will mess up my house :) Yes, the middle class, always gets screwed! Much easier to be a big bank! --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote: I'd appeal your taxes again. Why not. One of the big rushes about when you bought your condo was the quick conversion of 1-5 units in AP to condo ownership. Pre-conversion I had a looked at a couple. The city back then was to quick and desperate and let these happen. So a place like yours that was paying maybe 10k in taxes as a 5 family rental (or more or less) all of a sudden was worth $50k in taxes. Why not approve the conversions?? Many of the apartment to condo conversions looked great as well. They are as a second home, weekend home etc. Those that bought to flip got screwed as were those that were duped thinking that the rent always covers the mortgage . Maybe someone bought as a second home or yr round home only to find themselves in a building that is now mostly rentals North beach didn't do a blow-out sale either. If I'm right, Amboy Bank was/is the mortgage holder and they had a clever set-up to hold their own notes. They moved them off the books. Instead of dumping properties, they either sold for proft or hold and manage and rent the properties. And yes, the value of your condo - is based on the supply on demand. Some people want to be in downtown, some in a conversion, some in a highrise with gym, pool, indoor parking, doorman and on the beach. And minimal taxes for now. See what you get for having a career, being a working mom, paying taxes, successful, afraid for your credit and not taking the easy way out. You'd make an excellent subject for an article.; [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to:
[AsburyPark] Re: unsold condos...
speak to an accountant. Not a bad move converting it to rental - if you sell you sell and may have some tax beneifts. If you don't sell and want to convert it back to your primary home - it might work out as well. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: unsold condos...
Yes, before I do anything I will have it all researched. The point really, my personal experience is just an example. If this plan comes to be, isn't it just going to be more and more of this with all of our property values getting more and more depressed. We need to adress the other issues (eg, crime) and making Asbury a desireable destination and then add more units. I understand that the developers have rights, but I just don't see how it make sense now, as the supply is greater than the demand. --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@... wrote: speak to an accountant. Not a bad move converting it to rental - if you sell you sell and may have some tax beneifts. If you don't sell and want to convert it back to your primary home - it might work out as well. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: unsold condos...
the city government makes AP an undespireable place to live. EVERYTHING in AP is about revenue. my drug dealing neighbors get off scott free despite the whole neighborhood complaining, becuase the cops are too busy issuing tickets to care. my neighbor is a volunteer C.O.P. and can't even get the cops to care. for 4 years, i mowed the grass in front of that damn house because the landlord didn't. i picked up the garbage in front to keep the rest of the street nice. our neighbors plowed the drug houses' walk when they didn't. the ridiculous tickets me and my family have gotten, i wont go into - not having lights on when windshield wipers are on despite it not raining, tickets for being parked too close to stop sign when there is no stop sign, etc etc; when i need them, they are not there. Both times our car had the window based in. when three next-door neighbors were broken into in a matter of 2 months. the abandoned house caddy corner to use went vacant and had homeless people living there for months. i wont go on. point is... in 2007 our house appraised at 600k. in 2010, when my husband lost his job, we put our hose on the market. we had one offer in over 6 months for 300k. this is a newly renovated, high end, 5 bedroom house on the east side, on a side street with a yard and i coyuldnt sell it for over 300k. mind you, we are still in a short sale and the bank declined that offer this month - sept 2011. thankfully, our buyers came back with a slightly higher offer. who buy a 1br condo @ 350k when you have your choice of beautiful, huge foreclosed and short sale houses to chose from for cheaper? PS. any losses from this property will not be taxed if it closes in 2011 (thank you obama). and our sale is contigent on us not having anything else due on our mortgage when we close - thanks to our attorney. --- to those of you who say it is immoral to walk away from our mortgage, i can explain to you why you you are an idiot in a separate email. my husband worked on wall st, for the banks who created this overpriced, false housing bubble and i say F you to the banks who refused to refinance us, refused to modify our mortgage, dragged our our mortgage mod application for a year and a half, denied us on not making enough when you gave us a loan on the same income in the first place, then refused our short sale. we tried. now take that and eat it, banks. On Wed, Sep 21, 2011 at 1:08 PM, fancypaaantz fancypaaa...@yahoo.comwrote: ** Yes, before I do anything I will have it all researched. The point really, my personal experience is just an example. If this plan comes to be, isn't it just going to be more and more of this with all of our property values getting more and more depressed. We need to adress the other issues (eg, crime) and making Asbury a desireable destination and then add more units. I understand that the developers have rights, but I just don't see how it make sense now, as the supply is greater than the demand. --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@... wrote: speak to an accountant. Not a bad move converting it to rental - if you sell you sell and may have some tax beneifts. If you don't sell and want to convert it back to your primary home - it might work out as well. [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: unsold condos...
I hope it works out, re the short sale and I am sorry for your situation. That is why I thought it was funny when I said to the bank, hey,what if I find my own buyer and I do not even ask for a short sale, but I just pay off whatever the difference is monthly, and they said, eh No! I was like, wait so you would rather I default on purpose? I have friends where the husband lost his job and their financial situation is a total disaster bc of that obviously. They were able to get a loan modification. But, if you can pay, and it is just the situation that you need to move on... I think the bank is far more willing to just let me take out more money, rather than work with me to square the debt I already have. What is your attorney's name though. It may be worth giving him/her a call. --- In AsburyPark@yahoogroups.com, Bob Loblaw bobloblaws.blog@... wrote: the city government makes AP an undespireable place to live. EVERYTHING in AP is about revenue. my drug dealing neighbors get off scott free despite the whole neighborhood complaining, becuase the cops are too busy issuing tickets to care. my neighbor is a volunteer C.O.P. and can't even get the cops to care. for 4 years, i mowed the grass in front of that damn house because the landlord didn't. i picked up the garbage in front to keep the rest of the street nice. our neighbors plowed the drug houses' walk when they didn't. the ridiculous tickets me and my family have gotten, i wont go into - not having lights on when windshield wipers are on despite it not raining, tickets for being parked too close to stop sign when there is no stop sign, etc etc; when i need them, they are not there. Both times our car had the window based in. when three next-door neighbors were broken into in a matter of 2 months. the abandoned house caddy corner to use went vacant and had homeless people living there for months. i wont go on. point is... in 2007 our house appraised at 600k. in 2010, when my husband lost his job, we put our hose on the market. we had one offer in over 6 months for 300k. this is a newly renovated, high end, 5 bedroom house on the east side, on a side street with a yard and i coyuldnt sell it for over 300k. mind you, we are still in a short sale and the bank declined that offer this month - sept 2011. thankfully, our buyers came back with a slightly higher offer. who buy a 1br condo @ 350k when you have your choice of beautiful, huge foreclosed and short sale houses to chose from for cheaper? PS. any losses from this property will not be taxed if it closes in 2011 (thank you obama). and our sale is contigent on us not having anything else due on our mortgage when we close - thanks to our attorney. --- to those of you who say it is immoral to walk away from our mortgage, i can explain to you why you you are an idiot in a separate email. my husband worked on wall st, for the banks who created this overpriced, false housing bubble and i say F you to the banks who refused to refinance us, refused to modify our mortgage, dragged our our mortgage mod application for a year and a half, denied us on not making enough when you gave us a loan on the same income in the first place, then refused our short sale. we tried. now take that and eat it, banks. On Wed, Sep 21, 2011 at 1:08 PM, fancypaaantz fancypaaantz@...wrote: ** Yes, before I do anything I will have it all researched. The point really, my personal experience is just an example. If this plan comes to be, isn't it just going to be more and more of this with all of our property values getting more and more depressed. We need to adress the other issues (eg, crime) and making Asbury a desireable destination and then add more units. I understand that the developers have rights, but I just don't see how it make sense now, as the supply is greater than the demand. --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote: speak to an accountant. Not a bad move converting it to rental - if you sell you sell and may have some tax beneifts. If you don't sell and want to convert it back to your primary home - it might work out as well. [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: unsold condos...
--- In AsburyPark@yahoogroups.com, Bob Loblaw bobloblaws.blog@... wrote: the city government makes AP an undespireable place to live. EVERYTHING in AP is about revenue. my drug dealing neighbors get off scott free despite the whole neighborhood complaining, becuase the cops are too busy issuing tickets to care. my neighbor is a volunteer C.O.P. and can't even get the cops to care. I have called the APPD so many times I cannot count them. I can never remember them once not showing up in force within minutes. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: unsold condos...
The quickest response time I've ever seen. Called them on Sunday for a domestic dispute. They were there with 3 cars, and had the father cuffed before I could get back into my yard Sent from my Verizon Wireless BlackBerry -Original Message- From: dfsavgny dfsav...@yahoo.com Sender: AsburyPark@yahoogroups.com Date: Wed, 21 Sep 2011 18:04:14 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Re: unsold condos... --- In AsburyPark@yahoogroups.com, Bob Loblaw bobloblaws.blog@... wrote: the city government makes AP an undespireable place to live. EVERYTHING in AP is about revenue. my drug dealing neighbors get off scott free despite the whole neighborhood complaining, becuase the cops are too busy issuing tickets to care. my neighbor is a volunteer C.O.P. and can't even get the cops to care. I have called the APPD so many times I cannot count them. I can never remember them once not showing up in force within minutes. [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: unsold condos...
as for short sales, your story is real. Unfortunately, once you get in trouble, people longer around that want to buy, but if they can hold out, then they do. It's all the loopholes that your lawyers legally use to wipe out your loss with little or no obligaiton - either tax wise (as a gain). the lawyers pocket a nice chunk. Yea, people bought high, many of whom thought it can only go higher, cause real estate always goes up... Not only did people buy high, but people bought into the shit, look at that equity I now have after making only 2 paymentsthe bank wants to give me $100,000 equity loan... So people do what they do. They take the extra $100k, buy some jewlery, a range rover and buy a couple drinks. So now they go from a $400,000 mortgage to $500,000 mortgage and a property that was appraised at $550 when things were good. So now it's worth $300,000 and you pissed away $100k just because. What about the ones who had a home value of $1.3 in the day, didn't chase the equity loan and whose home is only worth half that today. What's in it for them? How can they jump in? Shouldn't they also get to share in the relief? Shouldn't banks automatically cut their rate in half?? why should they, someone has to pay. To read the rest of this rant about short sales (my sister is trying to buy one her first home - perfect credit, single, no debt, works her ass off etc... two months into it so far...)... let's blame the appraisers ): let's blame the real estate agents... let's blame the banks for making the loans... Our first house way back when was 12.5% interest. We ate alot of pancakes for dinner and any place that food at happy hour. Our refi's that we were happy to hell with were 10%, 8%, 6 . and back and forth. Paid them all. we took our lunches to work. we commuted together in a beatup old vw that my -f-in law kept running. cut my own lawns and more or less have worked for my tenants, making sure they were always happy so most of them can do all those things I didn't. The full story will be the basis for my newsletter on RentLaw.com - or SmallLandlord.com a site we're working on. Best of luck with your sale Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: unsold condos...
ps, if you decide to rent, a great credit screening tool for small landlords: http://rentlaw.mysmartmove.com It's a Transunion Product and I'm one of their premiere partners. Kind of had some input into the service Easy to use. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
