Lenn Harley is right, as usual.

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Real Estate Agent with Berkshire Hathaway HomeServices New England Properties Licensed in Connecticut

Lenn Harley is right, as usual.

Here I sit, still debating over who to vote for. My stomach is in a knot, I want to know, who is going to stand up for me, for us? Who is brave enough to be honest, to fight the good fight, to at least TRY to do what is good for the country, for me, for you, for my daughters and grandchildren?

Perhaps I need to lower my expectations a bit.... but that is not really what this post is about.

foreclosures good business for banksI read a great post/reblog of Lenn's today, she believes, and always has, that foreclosures are good for business as far as the banks are concerned. And to give credit where credit is due, the post she reblogged was from J. Philip Faranda. But....

Lenn Harley is right, as usual.

How do I know this? I am waiting for an answer from a lender on a short sale. And waiting. Here is the kicker, the negotiator assigned to us has told me that yes, this is a good offer, the dollar amount is not the issue, yes they understand that there are no other offers coming in, no one else looking at the property, yes this is most likely the best they can get. What is the issue? I don't know, he won't tell me. I have asked time and time again to no avail.

And I am still waiting. They MUST want to foreclose, let the property sit vacant through a harsh New England winter or two. What other reason could there be after all is said and done? Foreclosures MUST be good for business as far as the banks are concerned!

Lenn Harley is right, as usual. How it is profitable for them I don't understand, I can't quite get a grasp on it because it defies my logical center of my brain. But certainly it must be. Otherwise they would not be conducting business as they are. Because if it were bad for business, they would certainly have changed the way they are doing business, right? After all, banks are all about profit... right?

Or as Lenn would say.. ".... enough said".

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Comments 17 New Comment

Rainer
146,715
Coleen DeGroff
Haile Plantation Real Estate - Gainesville FL
eXp Realty

Andrea - I'm with you and Lenn. If there wasn't something in it for them, banks wouldn't be doing all these foreclosures and forcing properties into foreclosure by dragging their feet on decent deals. There's got to be some sort of payoff.

 

Now, if the payoff was a PRISON term for some of these weasels, perhaps things would be different....

November 03, 2010 11:14 AM
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Andrea Swiedler
Realtor, Southern Litchfield County CT
Berkshire Hathaway HomeServices New England Properties

Coleen, I think you might be on to something there.... what a great idea!

November 03, 2010 08:25 PM
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Robert (Vegas Bob) Swetz
Commercial & Residential Real Estate Agent
REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156

Hello Andrea and I have to agree with you and the others Lenn really knows her business ...

VB ;~)

November 03, 2010 11:05 PM
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Patricia Kennedy
For Your Home in the Capital
Evers & Company Real Estate, Inc.

Um, Andrea, Lenn Harley is always right!  Well, pretty much almost always.  The banks are freakin' nuts.

November 04, 2010 09:28 AM
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Andrea Swiedler
Realtor, Southern Litchfield County CT
Berkshire Hathaway HomeServices New England Properties

Hi VB, Lenn sure does!

Pat, notice I said.. "as usual", LOL. And the banks are freakin' nuts, for sure!

November 04, 2010 09:52 AM
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Andrea Swiedler

Realtor, Southern Litchfield County CT
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Additional Information

Licensed in Connecticut.

Real estate and local area information for Southern Litchfield County CT. I assist buyers and sellers in New Milford, Bridgewater, Roxbury, Washington, Warren, Kent & Sherman (Fairfield County).