Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (25645)	12/6/2004 9:16:55 PM
From: Elroy Jetson	Respond to of 306849

Of course Fannie Mae's reporting of "investor" real estate loans is grossly under-reported, perhaps as much as four-fold. Everyone in real estate knows many owners of a rented homes or a four-plex who tell their tenant to "*call me when the documents for my new loan arrive in your mailbox". It's really surprising that Fannie Mae reports and investors loans at all. Apparently the world does contain some* relatively honest people. .

To: ild who wrote (25645)	12/6/2004 9:28:00 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

>>>>Investors share of RE purchases<<<<<< idorfman.com Found the source of the chart you posted and the commentary is worth a read for nothing less then the comments about investor purchases. fanniemae.com

To: ild who wrote (25645)	12/7/2004 2:19:26 AM
From: fatty	Read Replies (3) \| Respond to of 306849

I just went through this aggravating experience that I wonder if I should take some token legal actions to save my sanity. I have been interested in this FSBO property so I wanted to present a written offer to the seller. But the seller refused to consider any offer unless we first negotiated the selling price and all the terms and conditions. One of the conditions asked for financial proofs to be presented in a certain format. So after many hours of phone negotiation over the course of a week, we finally agreed on the price and the terms. I then mailed a written offer to the seller along with the financial documents and a personal check of $1000 (the seller lives several towns away from the property). A few days later, instead of expecting an accepted offer, the seller left a short message on my phone saying that "the deal is off because I don't think you have the money to buy my house" and that's the last I ever heard from the seller. Two weeks have passed and I have not been able to reach the seller by phone or by mail since. My personal check has not been returned to me and it has not been cashed either. I don't think the check will be cashed anytime soon because that would establish an acceptance of the offer. I'm thinking about issuing a stop payment on the check but I would like to recoup the $20 transaction fee. Should I file a claim with the small claim court? What is the chance that I can get my $20 and the filing fee back? Or should I wait a little longer for my check? How long a wait is acceptable or allowed by law?