From the category archives:

short sale

Wave of Home Short Sales Starting?

by debt kid on August 21, 2007

In the last month or two I’ve noticed a dramatic increase in traffic to this site from people searching “short sale” and or “foreclosure” related terms. Looking at the search cloud image to the right shows this very dramatically.
Short Sale Traffic Surge…
I did a good amount of research before I decided to go forward with [...]

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Greenpoint Mortgage Says Goodbye

by debt kid on August 20, 2007

From what I heard from my short sale agent, Greenpoint (the 2nd mortgage on my old house), was a pain in the rear to deal with. Looks like they are the next mortgage company to shutter their doors.
I don’t know what to feel here. 1900 people losing their jobs is not cool. Obviously my one [...]

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this may be my last weekend in the house

by debt kid on June 23, 2007

So, this looks like my last weekend in the house. No wild parties for me, nope. I still have a ton of clothes to sort out today, as well as a half million other little things to get done before monday.
Priorities

Goodwill pickup. Call them to pickup pile in living room
Office Run – Make a run [...]

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I’ve been updating my debt spreadsheet to prepare for a meeting that my father has insisted (and that I am interested in to some extent, options are good things) with a bankruptcy attorney. I’m trying to get the meeting set up for early next week.
I’ve divided the debt into two categories that help me look [...]

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how many people does an inspection take?

by debt kid on June 4, 2007

Wow. That was really embarrassing.
Really…..embarrassing. I wasn’t expecting that at all.
I went to sleep for a few hours around 5:30am this morning, hoping to sleep about 4 hours, and then start the week off in the office. Around 8 though I’m awakened by footsteps outside the back of my deck.
I look out, and someone is [...]

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rebuilding my life

by debt kid on June 3, 2007

The last few months have been a big change for me. My whole thought processes on money and wealth have been completely transformed. In good ways I believe. I’ve also been actively trying to revive my life outside of work. When I think about the last two years (when I was trading allot), I can’t [...]

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short sale approved, almost

by debt kid on May 30, 2007

Just got off the phone with my real estate agent.
The bank has approved the short sale! Yay!
But only at a price 15K higher than what I have the buyer in contract for. So, good news on the approval, but now just need to make sure buyer follows through. If not, my agents thinks we can [...]

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not moving yet

by debt kid on May 17, 2007

Just got an update from my real estate agent about the Short Sale. The good news is that I won’t be moving to the office quite yet! Bad news…still no approval on short sale. Foreclosure auction is in August.
The e-mail:
I spoke to Green point earlier today. The person that is in charge of the file [...]

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short sale status update

by debt kid on May 9, 2007

Just got this update from my real estate agent….
I am hoping that Green point will give me the approval by the end of this week. The bank rep. is still insisting that we met all their guidelines and they don’t anticipate the offer being rejected. They had indicated that it would be a minimum of [...]

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sell sell sell

by debt kid on May 7, 2007

My brother and a friend helped me take pictures of pretty much everything I own to get ready to sell the next few weeks. I’m hoping to raise about 2K in cash to get me through the next 2 months while I continue to work on my business income. I’ll be posting some items to [...]

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