I am glad that there are generous minded people in the world.- like yourself.
The truth is that even if there is an employee or two in the bank with soft hearts, they are not allowed to use them on the job. If they do they could lose their job.
$20 per square foot seems like a fair allowance for the cost of cosmetic, landscaping, appliance and plumbing repairs. I see you do have a little bit of skepticism (the word "alleged" comps :- )
Bank asking prices are only marginally correlated to value. Thus the price at list could be high, right on the money or ti could even be too low in some cases where the bank is trying to attract multiple bidders.
You do have a chance to get it for less than its value if there are no other bidders, or if the other bidders are also offering low. While it would be great if you can get a few thousand off of the current market value, the thing to remember that even if you only get a few thousand off of today's price that is pretty insignificant compared to the one or two hundred thousand dollars that you save off of the bubble price of 2004, 2005 or even 2006.
There was a female comedien Tracy Uhlman who had a show. I don't know if you recall it. She sometimes played a character where she was a therapist, and gave her clientele "theme songs".
If we can't laugh were in big trouble. "Don't worry be happy"...cannot help but put a smile on someone's face. I think we could all also use a Mary Poppins to appear and smooth the rough spots out of our lives. As one gets older you begin to see that suffering comes and goes... change is the only thing that we can count on as a constant.
People can turn their backs on those who are suffering....or they can discover the joy that comes from helping. I think it is much harder to receive...than to give. Mick Jagger needs to write that song!
Blessings for your thoughtfulness!
I remember those songs.
The characters on "Ally McBeal" often had theme music . I really liked that about that show.
My husband, Jim, likes the refrain from the Rolling Stones " You can't always get what you waant, but if you try sometimes, you just might find, you get what you need." It is just a shade more optimistic than that other Stones hit "I can't get no satisfaction"
Julie Andrews singing "just a spoonful of sugar" plays sometimes. -
Phil Collins refrain " I've been waiting, waiting for this moment, all of all my life'" then crashing drums, boom, boom, boom. - is pretty effective before large events whether terrifying or happy events, sometimes both.
Walking through the shopping mall, I often hear the speakers playing U2's "I still haven't found what Im looking for"
Then there is Bobby McFerrin's "Don't Worry, Be Happy"
Glad to have made you smile!
Yes, I am grateful the inflated prices are now history. I am trying to be conservative and cautious none the less.
I should not offer any identifying information given my community responsibilities. What I can say is : there is a line from an old folk type song from the 60's ...I believe it was "baby the rain must fall". I don't know if you are old enough to remember it?
My fairy godmother could use a sticky note attached to her magic wand, requesting that she discard this 6 year, long running "theme song". I could use some new background music. The old... "bubble gum" 60's song line which comes to mind is "Sunshine, lollipops, and rainbows everything..." I am ready to take a run at the next 6 years (or longer) with this new theme.
I know I am not alone...many people have had to endure greater tragedy's, than I. Thank you for your kindness in responding.
I work nearby in an upper income community. There are not an abudence of lower priced homes for sale in a reasonable vicinity. I wish to be quite conservative financially given the years left that I will be able to work. I am more than willing to work on a fixer upper, in order to have the dignity of independence once again. Prices seem to continue falling. The home was priced $20.00 less per sq. foot than the alledged comps. I am so ready to have an opportunity to move forward with my life. I was born with a generous spirit. I give much and love much. I know banks are profit driven...but is there any possible chance of the bank being interested in my plight? I have an outstanding credit rating which should vouch for my integrity. I have no problem with providing 20% down. Have you ever heard of a bank being willing to be "soft" on a price for an individual in my shoes? (Wishing that my fairy godmother could sprinkle some fairy dust my way) !
Michelle: Take a look at the number of days on market. It it's over 90...the home is most likely headed for auction. Contact a Realtorr, get comps, and submit an offer with reasons you think the bank should accept it: cost of repairs, inventory on the market, etc.... Good Luck!
I have actually closed some of these doing those very things. Bank owned can be tough to get repairs from so you would need to know that going in. They will allow a credit held in escrow if you have those very important estimates. The checks will be distributed after closing. Next hurdle is the lender, some lender require clear pest which this home cannot get and it most definitely needs to be conventional loan.