http://www.wannanetwork.com/2009/05/26/can-you-buy-a-lakewood-short-sale-with-no-money-down/ WannaNetwork.com - Connecting Homeowners And Local Real Estate Professionals Fri, 03 Feb 2012 22:30:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.wannanetwork.com/2009/05/26/can-you-buy-a-lakewood-short-sale-with-no-money-down/comment-page-1/#comment-281 Bernie Germani Thu, 28 May 2009 21:52:25 +0000 http://wannanetwork.com/shortsales/?p=305#comment-281 To Ares Vista: Thank you for your concern. These transactions we have been able to structure since we are the buyers of high end short sales,(as I set up a company for this) there is a LOT of wiggle room on what we can do since we are doing all the negotiations. We are taking back notes, and offering seller financing on a portion of the mortgage. We were able to get this last home owner in to our property with just closing cost, and we took back a 150,000 note. This market is about thinking outside of the box, and doing the traditional real estate business in a new manner. I'm not going to do the traditional way of real estate any longer, because I don't want to become extinct like so many other agents are becoming. Please let me know if your a Realtor, and how I can help you get your short sales sold. Regards, Bernie Germani To Ares Vista:
Thank you for your concern. These transactions we have been able to structure since we are the buyers of high end short sales,(as I set up a company for this) there is a LOT of wiggle room on what we can do since we are doing all the negotiations. We are taking back notes, and offering seller financing on a portion of the mortgage. We were able to get this last home owner in to our property with just closing cost, and we took back a 150,000 note.
This market is about thinking outside of the box, and doing the traditional real estate business in a new manner. I’m not going to do the traditional way of real estate any longer, because I don’t want to become extinct like so many other agents are becoming.
Please let me know if your a Realtor, and how I can help you get your short sales sold.
Regards,
Bernie Germani

]]> http://www.wannanetwork.com/2009/05/26/can-you-buy-a-lakewood-short-sale-with-no-money-down/comment-page-1/#comment-282 Ares Vista Thu, 28 May 2009 15:30:19 +0000 http://wannanetwork.com/shortsales/?p=305#comment-282 So, just to make sure I'm understanding...Banks are no longer allowed to loan money to people that can't afford to make the payments, but individuals are? How is this going to help reduce the rate of foreclosures? Are we going to have to bail these individuals out when they can't balance their books because their borrowers can't pay the mortgage? This is insane. So, just to make sure I’m understanding…Banks are no longer allowed to loan money to people that can’t afford to make the payments, but individuals are? How is this going to help reduce the rate of foreclosures? Are we going to have to bail these individuals out when they can’t balance their books because their borrowers can’t pay the mortgage? This is insane.

]]>