Comments by "Crime Stoppers" (@crimestoppers1877) on "Housing Market Desperate To Keep Home Prices High!" video.

  1. As a prudent buyer I will usually pay 20-50% down payment. The weaker the seller, the more I put on a down payment. I gauge my down payment on how desperate the seller is. ( Five D's of Real estate - Divorce, death, drugs, booze, disease, debt, job loss) Wobbly sellers do not want long escrows and want a FAST close. They don't want to endure more complaining, reasons and excuses for the sale to not close quickly. When using a mortgage I rarely have a thorough whole house inspection by the mortgage company. A few photos and comps is all they need as long as they have less skin in the game or risk. If I mess up they still have plenty of equity to work with. I also require any mortgage company to notify me if they plan to sell the loan servicing rights or the loan itself. I want to make my own offer on that debt or pay off the mortgage immediately. Most buyers do not realize that the "warm and fuzzy" and nice guy mortgage companies are rare, and they will likely sell the debt to another who is not so reasonable, reliable or frankly just not honest. You NEVER want to be in debt to a crook or shylock ( individual or bank). The time, energy and legal costs to fight them and bring in sewrious regulators is not a good use of resources.
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