Comments on: No More Government Rescue For Bad Loans http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/ The Internet's Most Respected Real Estate Investing Newsletter Sun, 21 Mar 2010 16:54:03 +0000 http://wordpress.org/?v=2.6.1 By: Andre http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3310 Andre Wed, 03 Dec 2008 17:43:29 +0000 http://realestate.bryanellis.com/?p=555#comment-3310 It's not about being a man. A lot people can't get a second job because that second job isn't there. Also, what about the guy (or gal) looking for that job number one? Where are the jobs, anyway? Plus, it's easy to say, work 12-16 hours a day. 24/7. I have news, folks. Most Americans are already doing it! Working more hours but getting farther behind. Remember some people have health issues or family issues that preclude them working that 12-16 hours a day. A blanket statement of people being "lazy" is not an answer. Most are not lazy!! Me??? If there are handouts, right or wrong, than I would rather see them go to the struggling little guy. Instead of millionaires who have their hands out to government after they have already "made theirs" and are trying to make more from the mostly hard-working tax payers. Just my .02 worth.... Just my opinion... It’s not about being a man.
A lot people can’t get a second job because that second job isn’t there. Also, what about the guy (or gal) looking for that job number one?
Where are the jobs, anyway?
Plus, it’s easy to say, work 12-16 hours a day. 24/7.
I have news, folks.
Most Americans are already doing it! Working more hours but getting farther behind.
Remember some people have health issues or family issues that preclude them working that 12-16 hours a day.
A blanket statement of people being “lazy” is not an answer.
Most are not lazy!!
Me???
If there are handouts, right or wrong, than I would rather see them go to the struggling little guy. Instead of millionaires who have their hands out to government after they have already “made theirs” and are trying to make more from the mostly hard-working tax payers.
Just my .02 worth….

Just my opinion…

]]> By: Steve Enlow http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3241 Steve Enlow Mon, 24 Nov 2008 16:10:53 +0000 http://realestate.bryanellis.com/?p=555#comment-3241 John Platt, What about Ford, GM & Chrysler? Should they standup & take charge of their lives? John Platt,

What about Ford, GM & Chrysler? Should they standup & take charge of their lives?

]]> By: John Platt http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3109 John Platt Wed, 19 Nov 2008 18:46:41 +0000 http://realestate.bryanellis.com/?p=555#comment-3109 Caitlyn - I'm speaking to those who are suggesting the Feds should give $100,00 to everyone. You don't have your hand out do you? Caitlyn - I’m speaking to those who are suggesting the Feds should give $100,00 to everyone. You don’t have your hand out do you?

]]> By: John Platt http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3064 John Platt Tue, 18 Nov 2008 06:24:08 +0000 http://realestate.bryanellis.com/?p=555#comment-3064 OMG - How about getting off your lazy asses and grab your own boot straps to pull yourself out of whatever hole you think your in. QUIT looking to the Feds for handouts. QUIT whinning and feeling sorry for yourself. Growup, be a man. Go get a job, go get two jobs. Do something worthwhile. Go to a homeless shelter for Thanksgiving and help feed those poor souls, you can't even imagine how good that will make you feel. If this offends you, I'm not sorry, someone needs to slap some sense into you. Standup for yourself and take charge of your own life OMG - How about getting off your lazy asses and grab your own boot straps to pull yourself out of whatever hole you think your in. QUIT looking to the Feds for handouts. QUIT whinning and feeling sorry for yourself. Growup, be a man. Go get a job, go get two jobs. Do something worthwhile. Go to a homeless shelter for Thanksgiving and help feed those poor souls, you can’t even imagine how good that will make you feel. If this offends you, I’m not sorry, someone needs to slap some sense into you. Standup for yourself and take charge of your own life

]]> By: Jeff Miller http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3061 Jeff Miller Tue, 18 Nov 2008 03:49:08 +0000 http://realestate.bryanellis.com/?p=555#comment-3061 I like this. I am creating a fund to buy nonperforming loans. I was worried that the government was going to compete with me. I like this. I am creating a fund to buy nonperforming loans. I was worried that the government was going to compete with me.

]]> By: Shawn http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3060 Shawn Tue, 18 Nov 2008 03:26:40 +0000 http://realestate.bryanellis.com/?p=555#comment-3060 Well, since I'm new I guess I gotta start learning all I can about the short sale process now. Would gathering the leads for for short sales be enough or should I learn how to do the entire process? I'm up to learn it all either way. <strong>You really should learn the whole process. But stay tuned - I'm working on having one of the world's leading short sale experts come on a webinar to teach you how to do this. -- <a href="http://realestate.bryanellis.com" title="Bryan Ellis" rel="nofollow">Bryan Ellis</a></strong> Well, since I’m new I guess I gotta start learning all I can about the short sale process now. Would gathering the leads for for short sales be enough or should I learn how to do the entire process? I’m up to learn it all either way.

You really should learn the whole process. But stay tuned - I’m working on having one of the world’s leading short sale experts come on a webinar to teach you how to do this. — Bryan Ellis

]]> By: Mike Piantedosi http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3059 Mike Piantedosi Tue, 18 Nov 2008 02:02:04 +0000 http://realestate.bryanellis.com/?p=555#comment-3059 I agree about the increase in short sales. What do you think about banke letting REO properties already in their possession go at a good price for investors with cash and quick closing. Thinking in terms of 35-40% of the current ARV with properties in rough shape in need of moderate to major repairs. Seems like they currently are holding there longer and longer looking for max pricing from retail buyers. Have seen many retail deals with financing contingencies in our market fall through but yet banks won't take an investor cash offer with quick settlement. Where do you see this going in the future. <strong>My suspicion is that banks will have to become more aggressive with their REO sales. I think they are all hoping that something the government does will artificially create demand for real estate, but the only thing that can do that is the strength of the free market over time. In the mean time, REO prices will likely continue to be pushed downward. -- <a href="http://www.BryanEllis.com" title="Bryan Ellis" rel="nofollow">Bryan Ellis</a></strong> I agree about the increase in short sales. What do you think about banke letting REO properties already in their possession go at a good price for investors with cash and quick closing. Thinking in terms of 35-40% of the current ARV with properties in rough shape in need of moderate to major repairs. Seems like they currently are holding there longer and longer looking for max pricing from retail buyers. Have seen many retail deals with financing contingencies in our market fall through but yet banks won’t take an investor cash offer with quick settlement. Where do you see this going in the future.

My suspicion is that banks will have to become more aggressive with their REO sales. I think they are all hoping that something the government does will artificially create demand for real estate, but the only thing that can do that is the strength of the free market over time. In the mean time, REO prices will likely continue to be pushed downward. — Bryan Ellis

]]> By: Jack http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3058 Jack Mon, 17 Nov 2008 23:45:12 +0000 http://realestate.bryanellis.com/?p=555#comment-3058 How about 10% of $100,000.00. $1000.00 cash to everyone over 18 and $9,000.00 in education aid. How about 10% of $100,000.00. $1000.00 cash to everyone over 18 and $9,000.00 in education aid.

]]> By: kalimah http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3057 kalimah Mon, 17 Nov 2008 23:40:21 +0000 http://realestate.bryanellis.com/?p=555#comment-3057 Yeah, Alan's idea is great but we all know that the money will end up in the same place anyway since most of that money will go to paying bills/debt so the bank will get it anyway... Yeah, Alan’s idea is great but we all know that the money will end up in the same place anyway since most of that money will go to paying bills/debt so the bank will get it anyway…

]]> By: James http://realestate.bryanellis.com/555/no-more-government-rescue-for-bad-loans/#comment-3055 James Mon, 17 Nov 2008 22:50:16 +0000 http://realestate.bryanellis.com/?p=555#comment-3055 I like Alan's idea lol. I like Alan’s idea lol.

]]>