90 replies to this topic

[iBeaver]

Very nice Adam!!

[ajs510]

iBeaver, on 22 June 2012 - 04:18 PM, said:

Very nice Adam!!

The house, or the Sabres haul? Both? <grin>Very excited about the G-Men...Darcy done did good tonight. Cannot believe that Grigorenko fell all the way to 12 for us to snap him up...we're going to make teams pay for that. Closing on the house next Thursday, looking forward to all of this being over and my life going back to normal.

[ajs510]

Did anyone else think it was really weak that the entire Flyers selection was booed...including the kid who just got drafted, in front of his proud parents, his whole family...I dunno, I get that there's a hot rivalry between these two teams and if you want to boo the GM for a bit in good fun, fine, don't care. But booing the 18 year old kid who is supposed to be having the best day of his life? I dunno, I found it kinda classless.

[MapleLeafpoker]

ya, the booing was stupid. To a point I guess its funny, then it just gets childish.Spent the night at a friends, drinking+eating in his backyard, watching the draft, playing poker. Absolutely perfect night for it. (also got to collect my latest shiny trophy for winning that pool!)The one thing we all agreed on was......Pierre McGuire has got to go. Wow, he wouldn't shut up, and every pick was the best pick/steal/legendary something of the night. I just wish we could have silenced him and let Bob McKenzie do his thing. I cant believe how the fwds fell, especially Forsberg+Grigorenko. Before the Staal trade, I was hoping Carolina would trade for picks 9+10, and then just draft Forsberg+Grigorenko+Toivanen.

[MapleLeafpoker]

oh, and damn nice draft for Washington. Ribeiro for scraps.Forsberg drops to themGet Thomas Wilson.

[Zach6668]

Yeah, really annoyed they got Forsberg.Ribiero should be pretty interesting in Washington. He kinda fits in with their recent trend though, tons of skill, but not really the hardest worker, eh? I guess he's a good replacement for Semin? Different skill set, of course, but yeah...

[FCP Bob]

MapleLeafpoker, on 22 June 2012 - 10:07 PM, said:

oh, and damn nice draft for Washington.Ribeiro for scraps.Forsberg drops to themGet Thomas Wilson.

CODY EAKIN IS NOT SCRAPS

[ajs510]

MapleLeafpoker, on 22 June 2012 - 10:05 PM, said:

The one thing we all agreed on was......Pierre McGuire has got to go. Wow, he wouldn't shut up, and every pick was the best pick/steal/legendary something of the night. I just wish we could have silenced him and let Bob McKenzie do his thing.

Text I sent to my buddy the Blackhawks fan after they picked Teravainen: "Well, you should be happy...Pierre hasn't stopped sucking this kids schwang since his name was read."His response:"Get off my prospect Pierre!"

[InternetExplorer]

so is this like the worst draft for our format ever? all the dmen in the top 10, it's absurd. I didn't even know this was goin on, nor did I care given where the blues picked.

[ajs510]

InternetExplorer, on 23 June 2012 - 06:08 AM, said:

so is this like the worst draft for our format ever? all the dmen in the top 10, it's absurd. I didn't even know this was goin on, nor did I care given where the blues picked.

Yeah, I was thinking the same thing. I have no idea who to expect to be there when I pick 7th overall.

[rinswun]

there is one guy in the draft i am after and after this weekends draft i am confident he will be there when i pick in the mid 20s.

[dEv~]

Quote

ajs510, on 17 May 2012 - 06:47 PM, said:

Thanks!Almost a full six weeks...my purchase contract was signed by the seller on April 6th and it took until today for their bank to come back and say "yeah, okay". Hang in there...it's a long process.

Will do. Thankfully I'm in no rush or else I would have never pursued this place. As it stands now we have a deal for 20k less than the Zestimate. (if you have been looking at houses enough you'll likely know what that is)Hopefully the bank doesn't think it's too low of an offer though. Next week I'm filling out a mortgage app in order to lock in the interest rate, It's a bit of a gamble as the app is only good for 60 days and there's a pretty substantial fee that I could lose if the bank rejects the offer. Still the bigger gamble would be to assume the interest rate won't go up between now and the time that bank approves the deal. (hopefully)

4+ months later but here we are. The house has 2 mortgage's attached to it. The main bank has been onboard from the beginning. Though they'd be getting every penny they are owed. The 2nd bank is the trouble. They were owed something like 30k and the deal would leave them only with 5k. They never flat out said no but they dragged this out forever. Sometime in June I was going to walk away but there wasn't really anything else that was out there I was interested in. The listing agent went back and forth with the bank and by the end of June it seemed pretty hopeless.

In July they actually started the foreclosure process. When the 2nd bank caught wind of this they finally were willing to consider the deal. I guess they decided 5k was better than nothing. It still took until early September to hear an actual response. They wanted to a sales agreement with a "realistic closing date." We quickly replied with October 15th. It took until September 10th to get the actual approval. Their condition was that we had to close by the end of the month. My agent basically said it's impossible and their only response was that if it went into October they would charge me a month's worth of interest on the loan equal to a few hundred bucks. This was pretty ridiculous but even at this point I wasn't ready to give up. Giving the bank that made us wait all this time even a penny would be rough but not as rough as walking away after all this time. I figured I was either ridiculously patient or stupid to stick with it. I ended up deciding to be patiently stupid.

The inspection was scheduled for Monday September 17th and I was nervous because I had the water scheduled to be turned on the same morning as the inspection. I didn't find out until about 5:30 the Friday before that the gas wasn't turned on either. I tried to scramble to find a way to get it turned on but no luck. I had to wait until Monday morning to reschedule the inspection, water turn on, and to schedule the gas.

From this point on everything has eerily worked like clockwork. The water and gas were turned on Wednesday Sept. 19th in the am and we had the inspection in the pm on the same day. There are some minor things to be done but nothing that would hold up the deal. Basically even with the house being vacant for 5 months it was still in above average shape vs. comparables. The appraisal happened the next day but I didn't even find out until this weekend that it has happened. I received the report today. This part I was nervous about because this it would be where stuff would pop up that would need to be done prior to closing. I was expecting to have to paint the garage doors and shed as well as replace the door leading in from the garage. It turned out that everything was up to minimum code and now I'm cleared to close. We'll see how the rest of the week goes but there's actually a possibility we get this done. Come on dealer ONE TIME!

https://plus.google....=CM2voYCHsM-EHA - Hopefully this link works. The grass looked like that in May but hasn't been cut since. It's a wilderness around the place now.

[FCP Bob]

Glad things are going well.

[ajs510]

Awesome news Brian! For a foreclosure, it's in almost miraculous shape...looks really nice. Congrats!

[digitalmonkey]

Nice looking house.

[serge]

Being in the mortgage business this situation doesnt happen here.

I was in Florida few months ago as we were doing research for a seminar that i will run..Its very common in the States. I have been doing mortgages for about 12 years now and I have never had one of my clients foreclose. I have only run into a handful of situations where I have seen foreclosures.

Very nice house..Congrats

[ajs510]

I toured a foreclosure when I was in the process of buying a house...it was one of the most depressing moments of my life. The place was just an absolute shambles, holes in the walls, scuff marks on everything, stains on every single carpet...it was a $225,000 house that was listed at $170k because it was a foreclosure and in such rough shape. It looked like the previous owners did everything they could to vandalize the property on the way out and screw their bank over without getting sued.

Just sad what people will resort to.

[serge]

ajs510, on 25 September 2012 - 07:34 AM, said:

I toured a foreclosure when I was in the process of buying a house...it was one of the most depressing moments of my life. The place was just an absolute shambles, holes in the walls, scuff marks on everything, stains on every single carpet...it was a $225,000 house that was listed at $170k because it was a foreclosure and in such rough shape. It looked like the previous owners did everything they could to vandalize the property on the way out and screw their bank over without getting sued.

Just sad what people will resort to.

I dont blame the people. I blame the greedy bastards on wall street and the sleazy mortgage lenders that allowed for those people to get into the problems.

[ajs510]

serge, on 25 September 2012 - 08:02 AM, said:

I dont blame the people. I blame the greedy bastards on wall street and the sleazy mortgage lenders that allowed for those people to get into the problems.

I blame the people because there's a certain dignity that's expected, even in the face of something bad happening to you.

I can vouch for the fact that it's MUCH harder to get a mortgage now than it was 5-6 years ago. Incredible difference.

[serge]

ajs510, on 25 September 2012 - 10:00 AM, said:

I blame the people because there's a certain dignity that's expected, even in the face of something bad happening to you.

I can vouch for the fact that it's MUCH harder to get a mortgage now than it was 5-6 years ago. Incredible difference.

That is true..I know I wouldnt do that , because it seems just inhumane.

Same holds true in Canada. There are no slam dunk approvals anymore. They have made stuff a lot harder for us.

Lower amortization, stringent income qualification rules, tougher laws on Self Employed.