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	<title>Comments on: 6-5 Beware Real Estate False Bottoms</title>
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	<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/</link>
	<description>Stay ahead of the housing &#38; mortgage market</description>
	<lastBuildDate>Thu, 11 Mar 2010 06:17:20 -0700</lastBuildDate>
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		<title>By: saskatoon mortgage</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-4/#comment-1522</link>
		<dc:creator>saskatoon mortgage</dc:creator>
		<pubDate>Thu, 18 Feb 2010 21:53:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-1522</guid>
		<description>Just a quick message 2 thank u 4 your useful page article. Do u know where I can find more on the subject? x</description>
		<content:encoded><![CDATA[<p>Just a quick message 2 thank u 4 your useful page article. Do u know where I can find more on the subject? x</p>
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		<title>By: Ethan</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-3/#comment-1477</link>
		<dc:creator>Ethan</dc:creator>
		<pubDate>Mon, 23 Nov 2009 17:53:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-1477</guid>
		<description>The person who makes a success of living is the one who see his goal steadily and aims for it unswervingly. That is dedication.</description>
		<content:encoded><![CDATA[<p>The person who makes a success of living is the one who see his goal steadily and aims for it unswervingly. That is dedication.</p>
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		<title>By: Matt freeman</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-3/#comment-1224</link>
		<dc:creator>Matt freeman</dc:creator>
		<pubDate>Sun, 05 Jul 2009 15:56:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-1224</guid>
		<description>Mark, 
phenomenal insight. You took everything that I was thinking and more and spelled it
out graphically and in a well written manner. Sacramento has really shown a false bottom side of things as we have 57% homes sold in under 30 dom&#039;s. My buyers have written as many as 40 offers before they could actually get an acceptance. Demand is high and inventory in that range is low but my belief has been due to moratorium only. I have several reo broker friends that say they are getting several new listings in the coming months and if they are all plopped on out market will revert to 1 year ago when inventory was saturated sale to list price was below list. Prices have still dropped without an abundance of inventory. 18 total million + sales in placer county this year and price per square foot 224 while list prive per square foot 400 range. High end foreclosures are coming still. High end sellers traditional cannot compete with that disrepancy in price per square foot. Lastly at some point the banks will have to allow those who short sold a property to buy again or we will run out of buyers completely. As it is some that are in the market should not be. In the 80&#039;s people short sold and bought again. Jobs are hard to come buy and those that are nervous about work won&#039;t buy. I have had more than one client lose their job after purchase or take severe salary decrease. If they foreclose on an FHA loan I originated it is on me as an originator. My rating or companies rating with HUD goes up and we can put in jeopardy of losing our abity to do FHA 70% o our companies closing now. I don&#039;t think most originator understand this.  Thank you for your wonderful posts. I will be subscribing.</description>
		<content:encoded><![CDATA[<p>Mark,<br />
phenomenal insight. You took everything that I was thinking and more and spelled it<br />
out graphically and in a well written manner. Sacramento has really shown a false bottom side of things as we have 57% homes sold in under 30 dom&#8217;s. My buyers have written as many as 40 offers before they could actually get an acceptance. Demand is high and inventory in that range is low but my belief has been due to moratorium only. I have several reo broker friends that say they are getting several new listings in the coming months and if they are all plopped on out market will revert to 1 year ago when inventory was saturated sale to list price was below list. Prices have still dropped without an abundance of inventory. 18 total million + sales in placer county this year and price per square foot 224 while list prive per square foot 400 range. High end foreclosures are coming still. High end sellers traditional cannot compete with that disrepancy in price per square foot. Lastly at some point the banks will have to allow those who short sold a property to buy again or we will run out of buyers completely. As it is some that are in the market should not be. In the 80&#8217;s people short sold and bought again. Jobs are hard to come buy and those that are nervous about work won&#8217;t buy. I have had more than one client lose their job after purchase or take severe salary decrease. If they foreclose on an FHA loan I originated it is on me as an originator. My rating or companies rating with HUD goes up and we can put in jeopardy of losing our abity to do FHA 70% o our companies closing now. I don&#8217;t think most originator understand this.  Thank you for your wonderful posts. I will be subscribing.</p>
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		<title>By: JC</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-3/#comment-966</link>
		<dc:creator>JC</dc:creator>
		<pubDate>Sun, 14 Jun 2009 13:56:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-966</guid>
		<description>Mark, 
Any opinions about the impact of (yet another) 90 day CA moritorium?</description>
		<content:encoded><![CDATA[<p>Mark,<br />
Any opinions about the impact of (yet another) 90 day CA moritorium?</p>
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		<title>By: Noz</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-3/#comment-965</link>
		<dc:creator>Noz</dc:creator>
		<pubDate>Sun, 14 Jun 2009 09:11:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-965</guid>
		<description>bought at the wrong time:

I said government REGULATION...not government MONEY.

Government is compartmentalized.  Not all people in the government are corrupt of course. 

The current situation in housing, banking, and money has gotten so out of hand that a certain amount of exposure of the inner workings of the corruption scheme has peeped through.

This has exposed the bankers, the RE industry, Wall Street, people on the street, and government&#039;s own action/inaction and charade it plays with everyone through the biggest of all scams...the Fed.

People in this country ARE lazy. This sh^t is going down in front of their faces yet we don&#039;t see an uproar, we don&#039;t see people on the streets demanding change...not just through piss-ant ways like voting.  That&#039;s a joke.  

This is due to two reasons...one being that a good portion of the population are cut from the same cloth as the corrupt bastards in these industries and organizations.  So for them this crap only helps them get wealthier quicker.

The other reason is somehow the current mental structure of people is they simply don&#039;t care...they want everything to be done for them without thought or effort...i.e. lazy.  Yet when it is done, it&#039;s not what they want...yet they don&#039;t want to become involved to fix the problems.

Nothing in this country is going to change or get better until people really stand up for what they believe in with conviction and real effort.  Democracy is a hard gig to run...it&#039;s a full time job for every person in a democratic country.  This ain&#039;t no democracy I can tell you that.</description>
		<content:encoded><![CDATA[<p>bought at the wrong time:</p>
<p>I said government REGULATION&#8230;not government MONEY.</p>
<p>Government is compartmentalized.  Not all people in the government are corrupt of course. </p>
<p>The current situation in housing, banking, and money has gotten so out of hand that a certain amount of exposure of the inner workings of the corruption scheme has peeped through.</p>
<p>This has exposed the bankers, the RE industry, Wall Street, people on the street, and government&#8217;s own action/inaction and charade it plays with everyone through the biggest of all scams&#8230;the Fed.</p>
<p>People in this country ARE lazy. This sh^t is going down in front of their faces yet we don&#8217;t see an uproar, we don&#8217;t see people on the streets demanding change&#8230;not just through piss-ant ways like voting.  That&#8217;s a joke.  </p>
<p>This is due to two reasons&#8230;one being that a good portion of the population are cut from the same cloth as the corrupt bastards in these industries and organizations.  So for them this crap only helps them get wealthier quicker.</p>
<p>The other reason is somehow the current mental structure of people is they simply don&#8217;t care&#8230;they want everything to be done for them without thought or effort&#8230;i.e. lazy.  Yet when it is done, it&#8217;s not what they want&#8230;yet they don&#8217;t want to become involved to fix the problems.</p>
<p>Nothing in this country is going to change or get better until people really stand up for what they believe in with conviction and real effort.  Democracy is a hard gig to run&#8230;it&#8217;s a full time job for every person in a democratic country.  This ain&#8217;t no democracy I can tell you that.</p>
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		<title>By: Wonton</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-3/#comment-964</link>
		<dc:creator>Wonton</dc:creator>
		<pubDate>Sun, 14 Jun 2009 03:07:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-964</guid>
		<description>&quot;I don’t feel sorry for the ones who lose their homes, but I don’t blame them either, they are merely pawns in this game&quot;

They&#039;re players in the game.</description>
		<content:encoded><![CDATA[<p>&#8220;I don’t feel sorry for the ones who lose their homes, but I don’t blame them either, they are merely pawns in this game&#8221;</p>
<p>They&#8217;re players in the game.</p>
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		<title>By: bought at the wrong time</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-3/#comment-963</link>
		<dc:creator>bought at the wrong time</dc:creator>
		<pubDate>Sun, 14 Jun 2009 01:49:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-963</guid>
		<description>noz can you clarify this : 
&quot;Government involvement is necessary in this case&quot;

&quot;The biggest problem is that the corruption is at the top too. Let’s not think for a moment that government officials and groups were in the dark about Wall Street, Main Street, and the whole thing. They just sat back and collected the fees, taxes, and monies gained on RE.&quot;

so you want the gov involved- even tho they are corrupt?
no really i am not being sarcastic, i think i am too stupid and lazy to understand. (ok that was sarcastic)</description>
		<content:encoded><![CDATA[<p>noz can you clarify this :<br />
&#8220;Government involvement is necessary in this case&#8221;</p>
<p>&#8220;The biggest problem is that the corruption is at the top too. Let’s not think for a moment that government officials and groups were in the dark about Wall Street, Main Street, and the whole thing. They just sat back and collected the fees, taxes, and monies gained on RE.&#8221;</p>
<p>so you want the gov involved- even tho they are corrupt?<br />
no really i am not being sarcastic, i think i am too stupid and lazy to understand. (ok that was sarcastic)</p>
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		<title>By: Sold2soon</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-3/#comment-962</link>
		<dc:creator>Sold2soon</dc:creator>
		<pubDate>Sun, 14 Jun 2009 01:07:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-962</guid>
		<description>bought at the wrong time- I agree with you, only the responsible ones are left &amp; throw them a bone before they are gone too.  
  ex-owner-
I agree that prices need to drop further, especially at the high end, but that will occur due to tighter lending practices and the fact that most people can&#039;t qualify for a &quot;traditional&quot; loan. 
I wouldn&#039;t have a problem with the banks excluding a buyer&#039;s foreclosure, if they can qualify otherwise. 
I am just worried that this next wave of foreclosures is going to be a tsunami and how will that affect our failing economy? If the banks can stop it or even blunt the impact they should.  Instead, they will wait until it is too late &amp; ask for more money from us, the taxpayers.</description>
		<content:encoded><![CDATA[<p>bought at the wrong time- I agree with you, only the responsible ones are left &amp; throw them a bone before they are gone too.<br />
  ex-owner-<br />
I agree that prices need to drop further, especially at the high end, but that will occur due to tighter lending practices and the fact that most people can&#8217;t qualify for a &#8220;traditional&#8221; loan.<br />
I wouldn&#8217;t have a problem with the banks excluding a buyer&#8217;s foreclosure, if they can qualify otherwise.<br />
I am just worried that this next wave of foreclosures is going to be a tsunami and how will that affect our failing economy? If the banks can stop it or even blunt the impact they should.  Instead, they will wait until it is too late &amp; ask for more money from us, the taxpayers.</p>
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		<title>By: Noz</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-3/#comment-961</link>
		<dc:creator>Noz</dc:creator>
		<pubDate>Sat, 13 Jun 2009 23:33:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-961</guid>
		<description>Government involvement is necessary in this case.  It should have been an oversight regulator from the start so shady homeowners, Realtors, and Wall Street types didn&#039;t do what they did.

Of course the problem is this:

In this country, people are too stupid or lazy to demand oversight and BE INVOLVED in the process....as any proper functioning democracy should be run.   The biggest problem is that the corruption is at the top too.  Let&#039;s not think for a moment that government officials and groups were in the dark about Wall Street, Main Street, and the whole thing.  They just sat back and collected the fees, taxes, and monies gained on RE.

People in this country are constantly whining and bitching about how they are getting shafted....yet they do nothing about it.  Nothing.  And then when the government gets involved, we whine as to why they are getting involved.  

So what the hell do people want in this country?  If you all care some much about getting the job done right, get involved and start these organizations and groups that you claim you have a right to since this is a &quot;Free&quot; country.  Change your government...drastically...not simply by voting one day every 4 years and think that&#039;s it.

But of course, we&#039;re all too lazy to do that now aren&#039;t we...we want everything to be on autopilot....and guess who will do that for you?  The government.

Again...principle reductions MUST NOT HAPPEN.  People who are over their heads need to lose their homes.  And prices MUST come down.</description>
		<content:encoded><![CDATA[<p>Government involvement is necessary in this case.  It should have been an oversight regulator from the start so shady homeowners, Realtors, and Wall Street types didn&#8217;t do what they did.</p>
<p>Of course the problem is this:</p>
<p>In this country, people are too stupid or lazy to demand oversight and BE INVOLVED in the process&#8230;.as any proper functioning democracy should be run.   The biggest problem is that the corruption is at the top too.  Let&#8217;s not think for a moment that government officials and groups were in the dark about Wall Street, Main Street, and the whole thing.  They just sat back and collected the fees, taxes, and monies gained on RE.</p>
<p>People in this country are constantly whining and bitching about how they are getting shafted&#8230;.yet they do nothing about it.  Nothing.  And then when the government gets involved, we whine as to why they are getting involved.  </p>
<p>So what the hell do people want in this country?  If you all care some much about getting the job done right, get involved and start these organizations and groups that you claim you have a right to since this is a &#8220;Free&#8221; country.  Change your government&#8230;drastically&#8230;not simply by voting one day every 4 years and think that&#8217;s it.</p>
<p>But of course, we&#8217;re all too lazy to do that now aren&#8217;t we&#8230;we want everything to be on autopilot&#8230;.and guess who will do that for you?  The government.</p>
<p>Again&#8230;principle reductions MUST NOT HAPPEN.  People who are over their heads need to lose their homes.  And prices MUST come down.</p>
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		<title>By: bought at the wrong time</title>
		<link>http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/comment-page-3/#comment-960</link>
		<dc:creator>bought at the wrong time</dc:creator>
		<pubDate>Sat, 13 Jun 2009 22:47:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.fieldcheckgroup.com/?p=351#comment-960</guid>
		<description>Ex- why 1 year for FHA? you aren&#039;t buying now are you? you just said the prices are still dropping. That makes no sense. You are against PR because you wont get one-you are against anything that doesn&#039;t benifit you specifically. geez just say it. 

&quot;the people that would get the PR have learned nothing (we’re going down to a bigger hole..down the road) and the rest of the nation may completely act unexpectedly toward credit&quot; 

Really you don&#039;t think they have learned anything? the ones that are left in this are the responsible ones-they are still paying- they got caught up in some sort of bankers/investors greed fest. 

- I am sure if thier lender disclosed that they let everyone qualify and in 3 years those same ones will default leaving the street a ghost town- the responsible ones would not have bought.  

Just keep in mind that only solving your problem will not help the masses or you in the long run.</description>
		<content:encoded><![CDATA[<p>Ex- why 1 year for FHA? you aren&#8217;t buying now are you? you just said the prices are still dropping. That makes no sense. You are against PR because you wont get one-you are against anything that doesn&#8217;t benifit you specifically. geez just say it. </p>
<p>&#8220;the people that would get the PR have learned nothing (we’re going down to a bigger hole..down the road) and the rest of the nation may completely act unexpectedly toward credit&#8221; </p>
<p>Really you don&#8217;t think they have learned anything? the ones that are left in this are the responsible ones-they are still paying- they got caught up in some sort of bankers/investors greed fest. </p>
<p>- I am sure if thier lender disclosed that they let everyone qualify and in 3 years those same ones will default leaving the street a ghost town- the responsible ones would not have bought.  </p>
<p>Just keep in mind that only solving your problem will not help the masses or you in the long run.</p>
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