tag:blogger.com,1999:blog-2740556909864494483.post1588474999662504810..comments2024-03-22T16:30:48.999-05:00Comments on Key West Properties: Bargain Quest in Old Town Key WestGary Thomashttp://www.blogger.com/profile/03006513292595034076noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-2740556909864494483.post-16426541264958029382011-02-09T08:37:35.063-05:002011-02-09T08:37:35.063-05:00I knew you would. Integrity. Ethics. Honesty. Go...I knew you would. Integrity. Ethics. Honesty. Gotta love ya Gary - you are one of the last of a dying breed of the good ones.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-64388681445615856712011-02-09T04:47:46.820-05:002011-02-09T04:47:46.820-05:00To the last anonymous poster: Even though I no lon...To the last anonymous poster: Even though I no longer practice law, I take my oath as an attorney very seriously. I know my obligations and responsibilities.<br /><br />I have reported both lawyers and real estate agents and a broker to federal authorities.<br />GarGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-9262236362478320992011-02-08T10:31:07.899-05:002011-02-08T10:31:07.899-05:00If you truly have the names of agents and attorney...If you truly have the names of agents and attorneys who are involved in such scams, you have an ethical obligation to report these characters to the state board of business and professional regulations as well as the state licensing board. To ignore such practices only serves to inhibit your market and enable those involved in such practices. I am neither shocked nor stunned by such practices but I would hope that you have proof of such allegations to show just cause. It is your duty and your responsibility to report any such violations and to not do so is only causing more harm.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-44938626855240073192011-02-07T14:00:01.011-05:002011-02-07T14:00:01.011-05:00I understand the skepticism over spending real mon...I understand the skepticism over spending real money now for a deal that may or may not get done. Not every buyer will do that. <br /><br />I trust the listing Realtor on this particular property because I have dealt with him before on other similar transactions. <br /><br />I have had buyers that wanted to make offers on multiple properties and I refused to do that. I think agents that do that have created a lot of the mistrust and frustration for everybody. And I share the FloridaAG's skepticism over sellers who have the real goal of continuing to collect rent and drag foreclosures out as long as they can. I could recite the names of agents and attorneys in our little town the pull this scam. As a former attorney I get infuriated when a lawyer assists a client perpetrate an ongoing fraud on a lender. I get equally angry at listing agents who tie property up knowing full well that the seller is trying to drag the short sale approval out as long as possible. <br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-18954269536703404232011-02-07T13:17:29.100-05:002011-02-07T13:17:29.100-05:00Hmmm...me thinks thou protest too much. If you ca...Hmmm...me thinks thou protest too much. If you can't abide by the short sale rules you shouldn't be buying. And please spell check before ranting; it does tend to show your ignorance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-70030212739917387172011-02-07T08:22:08.601-05:002011-02-07T08:22:08.601-05:00Ok, Konch, I have purchased and closed on 1 short ...Ok, Konch, I have purchased and closed on 1 short sale and am about to close on a second, so perhaps you should have a clue before criticizing.<br /><br />Do you also think it is fair for short sale sellers to insist on the inspection period taking place immediately when the property might not close for 2 years if ever?<br /><br />Sorry for goign off-topic on your blog, but this personal attack is both uncalled for and totally false. If being an educated buyer who will not let himself be ripped off is a problem from KW Conch, perhaps you should look for another sucker.FloridaAGhttps://www.blogger.com/profile/15547836143905791494noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-48584877120647481802011-02-06T00:32:21.178-05:002011-02-06T00:32:21.178-05:00FloridaAG might be better off staying away from sh...FloridaAG might be better off staying away from short sales and stick with a straight forward transaction without the hassles of dealing with the required money deposit. That or show real incentive to buy -- if you REALLY WANT the property you wouldn't mind waiting. It isn't like you will make so much interest off the money in this economy. <br /><br />I think FloridaAG sounds like a picky difficult buyer who will find fault with any realtor and any transaction. I thought the housing market bubble burst got rid of them but I guess I was wrong.<br /><br />A KW ConchAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-11199371546319391202011-02-04T14:30:09.274-05:002011-02-04T14:30:09.274-05:00Totally agree Gary. We are friendly with Bascom an...Totally agree Gary. We are friendly with Bascom and he has given us some very good advice on deals he was not involved in -<br /><br />I love your blog.<br /><br />Anyway back to the point, this is a great property. It shows very nicely - the rear outside is quite long so it feels very spacious. The upstairs bedroom is not huge and I have wondered how I would utilize the space -but someone is going to get a very nice property for the price.FloridaAGhttps://www.blogger.com/profile/15547836143905791494noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-22443419195314072152011-02-04T14:08:28.525-05:002011-02-04T14:08:28.525-05:00I always ask who the short sale negotiator will be...I always ask who the short sale negotiator will be and if the seller has all of his or hers financial information put together. Bascom has been doing many of the negotiations on his listings. I have a current contract and the seller is using a local real estate attorney that I trust. <br /><br />I don't want to waste my buyers time and money on any nonsense either. There are a bunch of yahoos in Key West I won't give the time of day (agents or sellers, and a couple of lawyers). But there are professionals like Bascom that I trust. <br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-63014031822861218452011-02-04T11:00:13.022-05:002011-02-04T11:00:13.022-05:00I am fully familiar with the process and totally u...I am fully familiar with the process and totally understand the reasoning behind it. If Bascom still has the listing, we have talked about this precise thing. On the other hand, I also have personal history with short-sale sellers who never even send the contract to the bank for approval, and simply pocket their tenants rent money for as long as possible. I am not willing to tie up deposit money or spend on inspections when there is no telling when, if ever, there will be approval especially if the seller has not already explored whether the bank is willing to accept the price being asked. It goes both ways. <br /><br />But I think that is the only reason this has not soldFloridaAGhttps://www.blogger.com/profile/15547836143905791494noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-21194028072063366622011-02-04T10:26:36.822-05:002011-02-04T10:26:36.822-05:00Actually, requiring 'real money down' and ...Actually, requiring 'real money down' and completion of the inspection at the beginning of the short sale process deters non-serious offers. <br /><br />I've seen 'buyers' make offers on multiple properties only to bale when one of several gets accepted. A lot of people work very hard to get a short sale completed. This process is intended to weed out buyers who are not serious.<br /><br />I really respect this listing Realtor and the way he handles his short sales. We work well together and get deals done. <br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-21202326404306848442011-02-04T09:55:09.914-05:002011-02-04T09:55:09.914-05:00Yup, it is a nice property. No parking, but is no...Yup, it is a nice property. No parking, but is not a terrible block for spots. Owner is demanding the inspection period and money down at time of contract and prior to bank approval. Deterring lots of buyers (including me).FloridaAGhttps://www.blogger.com/profile/15547836143905791494noreply@blogger.com