My daughter and i live in Boston, and we have been trying to purchase a forclosed property for about a year. My dauthter have taken every first time home buyer couse there is and have applied for every State and Federal program,recieved the cirtificates and have been appoverd for two bank loans.We are working with a very honest and hard working broker,however the problems that we are dealing with are unbeliveable. for isnstance, a property will be listed at 8a.m. Our broker will call to set up an appt. no one returns his calls, or in the off chance that they do, and we get an appt.to see a property,the keys have myseriously disapperd out of the lock-box and by the next morning the house is off the market. or there are tenants and no-one wants to be responsible for having them vacate the property, and even if you are willing to take on that daunting task, you can not if you are enrolled in any federal or state funded programs. These bank lenders are getting some sort of compensation from these realestate brokers. They are givig them a heads up on these properties and or holding them for them because the properties by law, have to be listed and they are, however the paper work has alredy been put into place. The buyer is just waiting to have everything filalized by the bank and the brokers. These programs were designed to help hard working people buy a piece of the American dream, but as long as you have these greedy, money hungry peolpe who are not being policed, controlling who gets to buy what and how much$$$$ are they going to be slipped on the side, our American dream to be able to own a piece of land and set up a foundation for our family will continue to be a nightmare. My daughter will be expecting my first granddaughter in November. Our whole family is so very excited, however my daughter do not have enough room in her appt. for her. We were so hopeing to have a home by then. I am a strong beliver in the good Lord and I know that he may not be there when I think I need him,but he is always right on time. And with that being said I will continue to have faith that something will work out for us soon. Thank you.
Ms. Denise Banks
Denise Banks
of MA
@
Jul 23, 2009 15:47:34 PM
Observed from outer space,
this series of events would look pretty weird. Develop and train a million real estate agents (yes we had a million of them) to sell over-priced houses to people.
Then run many of the buyers out of those homes when the values fall and invent government programs to put different people in---using some printed funny money with taxpayers on the hook for it.
Did anybody ever think to wonder whether the over-marketing---the million realtors---had anything to do with the overpricing bubble?
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
Denise Banks of MA @ Jul 23, 2009 15:47:34 PM
Muser of NM @ Jul 22, 2009 16:02:19 PM
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