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Creative Evo…, Other/Just Looking in 22201

Is there any chance the President will cut the middle man (banks) out of some real estate transactions as he just announced with Pell Grants?

Asked by Creative Evolution, 22201 Tue Sep 22, 2009

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Creative,

Sure makes sense to us..........but it's been proven that not everything necessarily makes sense.

One thing is for certain, that is it's refreshing to see people questioning the often accepted method of operation.
1 vote Thank Flag Link Tue Sep 22, 2009
Hello Creative Evolution,
The chance that the President will cut banks out of real estate deals is nil (as not everybody has a lot of cash lying under the mattress).
Banks have an important role to play in our society. They are the grease that keeps the
engine running. However, a wise lesson we could learn from past experience is to look
over their shoulder a bit and keep excesses of greed in check.
Has Creative Evolution another idea?
Web Reference: http://www.mokaiser.com
1 vote Thank Flag Link Tue Sep 22, 2009
Another way to cut them out of a deal is via seller financing.
1 vote Thank Flag Link Tue Sep 22, 2009
Hey Creative you can already cut the banks out of a real estate transaction. I have a couple of clients that i deal with that do it all the time. They purchase properties with cash, closing costs are very low on a cash transaction also.
Web Reference: http://www.Find1Home.com
1 vote Thank Flag Link Tue Sep 22, 2009
just trying to stir the pot. Kind of like working for the bomb squad, just waiting for something to blow.
0 votes Thank Flag Link Tue Sep 22, 2009
His pattern seems to be targeting low income people for special treatment, doesn't it? What issues? Nobody's countered it effectively so far, have they? Seems to be operating under a presumed mandate to that affect.
0 votes Thank Flag Link Tue Sep 22, 2009
Not a chance. the banks are about to bail out the FDIC.
Just out of curiosity, you mention "certain buyers" and "select consumers". Who would select this group and what would the qualifications be? Guaranteed to have some issues there.
0 votes Thank Flag Link Tue Sep 22, 2009
My thought process is this, if the President is willing to "teach the banks a lesson" about their lending practices in one area, and it has the desired affect, he may decide to do the same in another area. I wasn't thinking he would do away with banking entirely, but give certain buyers an opportunity to borrow directly from the government, thus keeping the costs to select consumers in check. Just trying to stay ahead of the curve.
0 votes Thank Flag Link Tue Sep 22, 2009
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