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"Now, compare this to a situation in which you DO have a moral obligation to pay: When you borrow money from a friend at no interest, for example, and you promise that friend that you will give him or her every penny back. THAT is a moral obligation to pay. In this case, your friend did not lend...

i work in the area so I can't afford anything in seaside....last time i bought something there i believe i paid $10 for a hamburger & coke......fries came separate for $3 additional dollars.....oh yeah then add the seaside tax...for a grand total of nearly $15 for a #2 with cheese

How so? Sales taxes which are now being sent to Okaloosa or Bay Counties will now stay in SRB. The improvement of the vacant land will generate additional RE taxes to the benefit of the county. Also seems like this will create more jobs; perhaps lower paying jobs but jobs & new consumers...

very true; but the ? was not compare & contrast

1. b/c you can buy a house for cheaper than you can build it 2. i can't generate revenues from land only (or at least it is difficult) 3. the spouse thinks tents make poor living spaces 4. who wants to live in a ghost s/d 5. you can get a 30 year mortgage on a home but probably only 15 on...

i would also consider 1 br if at the right price & location. many thanks, j

I'm looking for an unfurnished 2 bedroom home or 1st floor condo beginning August 1 (perhaps a little sooner). I'm a single professional male who is reasonably clean, non-smoker, has no pets, & can provide references if needed. Rent around 1,000 would be ideal; or slightly more with all/some...

i have two tickets to the bcs champsionship on Jan. 8th. Tickets are for seats 3 & 4; Section 449 row 20. $400 each.

considering wamu has north of $4 million in a mortgage on the property i don't think 10k is likely. actually, seems like such a low asking price is a good way to get it overlooked on mls seems kinda silly of wamu to have ever given out the mortgage....mortgage recorded 2/2008 lis pendens filed...

is your boss hiring?

I am looking for a furnished LTR either in Destin or on the west end of 30-A. Looking to move in 6/1 perhaps mid May....needs to be at least 2 bed & 2 bath. Rent negotiable but 1,000-1,100 is ideal. I am a single professional with no pets, no kids, & no smoking. let me know & thanks for...

anybody seen any pomps running? anything else from the surf?

to my knowledge quit claiming any property should come at minimal doc stamps costs as the taxes are based off of a sales price & when you quit claim a deed their is typically no purchase price. however, one point of caution is that most mortgages/notes have a due on sale or an acceleration...

most mortgages that were readily traded on the open market were initially recorded with a mers #(mortgage electronic registration system) which eliminated the need to do an "assignment of mortgage"....not to mention that the $ pocketed would be about $18.50...at least in Florida. More likely...

just to add some useful info to this thrilling topic: christopher columbus says "the world is flat"...see link for article http://www.let.us.find.a.really.old.article.extract.biased.exerts.and article continued @ http://www.criticize.someone.way.smarter.than.myself.for.being.wrong.com

Re: Calling the bottom! just glad to hear the bottom is here!!! only one way to go now....well two if you count sideways. & i hope we do have a slow rise; we do not need the 2004-2005 mess ever, ever again! it was just unhealthy all the way around.

folks also need to keep in mind that just b/c you walk away & get foreclosed upon does not necessarily mean that the bank is going to give up on the short fall. you remain responsible for the shortfall & many banks will insist on holding you to it. particularly when you show the capacity to...

you assume they have no money....perhaps they have really deep pockets???

some of the local appraisers may simply not want to bite off the hand that feeds them; i.e. the local lenders, nobody makes money for a transaction not closed. additionally, comping a pre-construction condo at the purchase price is pretty easy when you will undoubtedly have folks who will...

i like the cost + contracts...but you certainly have to watch the "costs"...additionally, you can probably do better than cost + 20% in this environment

correct in that they are seperate issues....but insurance reform much like the proposed tax reform is additional evidence that the proposals are relatively ineffective in accomploshing what the politicians would have you believe they will do. this speaks to my point as to why this is...

was surprised that so many people share my opinion of this proposal being grossly inept & a poor attempt at "reform". The severity of this problem is huge & requires adequate action - this proposal is weak. The increased homestead exemption is estimated to provide a few hundred dollars in...

santa rosa beach & golf club is running a special for $35 maybe $45 after 1 pm. decent course albeit deceivingly difficult & at that price its a steal for around here. the raven & regatta bay are also both nice courses as well

strange that a notary public created the document entitled "Certificate of dishonor by Default".....i don't pretend to comprehend the legalise but for a $40 million note I think i would go through an attorney.

Any suggestions for New Year's Eve? Any good music from SoWal to Okaloosa Island?

what have you done for me lately syndrome

helluva good time...many thanks to stinkys! & while I did not get a chance to eat dinner there, i heard nothing but good things. see ya next time

don't like that idea one bit...i don't own a home but i do make some income. how bout consumption?

exactly. they will actually lower the loan to value b/c the property is in a "declining" market. so where you could at one time get 80% of the lower of the loan to cost or loan to value; you now may be able to get only 75% or even 70%. so now instead of borrowing 80% of 300k you are looking...

i believe, unfortunately, you are correct. from what I have read (& yet to find the actual bill) this proposal is reasonably useless & not worth the gas money i will have to spend to go vote for it; other than to show my displeasure with the effort with a thanks but no thanks NO. how exactly...

i'll look for it...i tried to locate the actual proposal as soon as I heard it passed. but what i found could very well have been the previous proposal; which as you suggested was ruled incomprehensible to the common man by the judge. will be in touch shortly.

this is when you reach that ahhah moment & realize that cash truly is king! their are sooo many opportunities to buy some of this garbage & make big money...just like real estate in the panhandle. if only i had some cash :(

if i am not mistaken the additional 25k exemption is guaranteed as of yesterday. however, a much larger proposal will be on the ballot jan. 29th.

yes, developers will typically close as many "cash" sales as possible to support provide comps. but see my prior post - a prudent lender will also require comparable sales from competing projects.

this is simply not true - the bank does not use anything to value the property - they request the services of a qualified 3rd party to value a property. their are strict guidelines related to banks & independent property valuations - particularly know that the secondary mortgage market has...

i agree with this for the most part - trouble is: how do value something that is not very liquid? such as many of the instruments that are heading way south these days. you have no option other than mark to model - they are illiquid instruments (i.e. their is no readily accessible market to...

http://haas.uwf.edu/article.asp?articleID=273 try this for quarterly permits - you can also check the other haas center articles for historical info. i think you will be hard pressed to find a report that segregates n. & s. walton (w/out spending some $ that is)

google okaloosa county clerk of courts - then do a public records search for warranty deeds with a cross reference of emerald grande

not about me...its about the facts - that was a quick review of the public records

maybe so maybe not...look at public records. I would suggest Emerald grande is fairing better than any other project in this market.

shelly, again not realistic...you have a bridge but nothing around it....didn't they already build the bridge to nowhere?

shelly, this is true - but not all projects that had presales actually had closings.

actually, i think it was a fat tuesdays that was there. but i can't argue against personal taste....everyone is free to think what they will. but people must also understand if there was no demand their would be no project.

you people sure do like to bash! while it may not be amicable to the 30-A society, emerald grande has apparently sold very well - so a lot of someones must think highly of it.

i am in dire need of tickets to lsu vs. bama on Nov. 3rd. please let me know if anyone has a pair or a few available. would also be interested in any tickets to the iron bowl. thanks!

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0 many of the mortgages sold are w/out recourse to the originating lender - properties will not be abandoned; someone will foreclose if need be and get their collateral, rest assured of that. lenders cannot...

bump it up....roll tide

foreclosures take a long time to filter through the system. you also have a deed in lieu of foreclosure as a possibility

any links to this report? thanks

this plan could certainly immediately reduce future pension liabilities, but i am unsure that the author's statement: "Real wages in the U.S. tend to rise over time -- dramatically, lately." is entirely accurate - would have to do some research to confirm or deny my theory, but to my...