tag:blogger.com,1999:blog-3329419642567789295.post4424966638727755879..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: Foreclosures are climbing but where are the listingsLarry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3329419642567789295.post-48957458937988371172009-05-14T07:29:00.000-07:002009-05-14T07:29:00.000-07:00multiple bids- multiple people making offers for t...multiple bids- multiple people making offers for the same property for sale.<br /><br />in a multiple offer situation, the price of the home will get bid up, like an auction. The listing office will counter offer the offers with a highest and best offer.<br /><br />Properties have received these multiple offers because only a few homes can really sell.<br /><br />We know there are a ton of properties on the MLS, however many are shortsales.<br /><br />Many don't consider a short sale a deliverable title. The bank that owns the note needs to agree to the lower price. This takes months, and many buyers won't wait for this to happen, if it happens at all.<br /><br />So with this in mind, the nice homes, that people want to buy have been far and few.<br /><br />We will get up to 20 offers for a property we list, within the 1st 3 days. We can deliver title.<br /><br />Did this help?wheres my cheesehttps://www.blogger.com/profile/08577509515979974137noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-63415791829995840562009-05-13T20:02:00.000-07:002009-05-13T20:02:00.000-07:00Could you explain further about "Mutiple bids on p...Could you explain further about "Mutiple bids on properties in the IE due to the lack of deliverable title"?<br /><br />thanks!Unknownhttps://www.blogger.com/profile/09538083346653914309noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-65818439173765514492009-05-13T19:38:00.000-07:002009-05-13T19:38:00.000-07:00September is spot on. We are in a holding pattern ...September is spot on. We are in a holding pattern that is set for the banks to open the flood gates. The feds and the banks are now ready to take back the prison.<br /><br />They created a false bottom to give the 1st round of buyers false hope. Mutiple bids on properties in the IE due to the lack of deliverable title. The moratorium was to help the banks get their guns loaded, not to help the home owner.<br /><br />They now have everything in place. Blood on the streets is a given.wheres my cheesehttps://www.blogger.com/profile/08577509515979974137noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-85422690525053332212009-05-13T17:27:00.000-07:002009-05-13T17:27:00.000-07:00Who knows anymore. Every time I turn around the fr...Who knows anymore. Every time I turn around the friggin government is rolling out another bailout, workout or moratorium. <br /><br />The Option Arm default wave is just starting to hit. Those resets go through Sept 2012. They peak in late 2011. Add in the Alt-As and the unemployment related losses and we should be in for several years of very high foreclosure numbers.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-91981694060038447042009-05-13T00:22:00.000-07:002009-05-13T00:22:00.000-07:00So we should see the numbers peak in July to Septe...So we should see the numbers peak in July to September time period?ojedalivehttps://www.blogger.com/profile/03832422617982207778noreply@blogger.com