Word: offerred
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...Oddly enough, though, talk of the Federal Government's possible mortgage bailout is beginning to slow things down. In Los Angeles, it has plugged the deal flow, because banks are now less willing to work things out since they suspect that Uncle Sam may offer better mortgage buyouts. "Recently, a lot of the financial institutions have stopped accepting short sales to find out if the government is going to buy their loans that are in default. They're waiting to see what happens with the recent rescue plan to buy back mortgages," says Fred Arnold, president of the California Association...
...Delao, 30, can't seem to find his way into this real estate market. Five months ago, the Roseville, Calif., case worker at a social services agency decided, after years of renting, that housing prices had finally bottomed. Since then, he has made offers on four foreclosed or distressed-seller homes. And while two of his offers were above the asking price, none have been accepted. He is not the only one being rejected. Of the four houses Delao has considered, two remain unsold. He made his most recent offer in late August, and is still waiting to hear back...
...buyer's market" increasingly frustrating. Realtors say wait times for deals to close have gone up, and more and more buyers are walking away, even when they find prices attractive. "Banks are a mess," says Dawn Connelly, a real estate investor in Palm City, Fla., who, despite dozens of offers, has bought only six houses in the past year. "They take months and months to accept an offer and aren't typically willing to make deals...
...Delao says he plans to stick it out until he gets a house. He made his most recent offer six weeks ago of $255,000 on a three-bedroom, two-bath house. He is still waiting to hear if it will be accepted. "It's like going to a restaurant and ordering your food, and then waiting three months until it comes out," says Delao. "Now interest rates have gone up. By the time they approve my deal, I probably won't be able to afford...
...Benji Ungar, co-captain for the men’s fencing team added. This would make fencing seem like the ideal Harvard sport. Weakness in athleticism can be atoned for with a brilliant strategy, a sort of physical chess. But, out of the 41 Division I sports that Harvard offers, fencing seems to take a backseat. Yet, it is one of the best teamS on Harvard’s campus. The team is consistently a national contender. “If you want to see a sport at the highest level, fencing is certainly one of those sports that...