Because it will be called GOING BANKING. 

When did all the crazy people leave the postal service and get jobs at the banks?  And if I have to hear one more time ‘We’re a bank, we’re not in the real estate business’ I might just have to, uh, write another post explaining how it felt when my head exploded. 

Hey Banker Dudes, you ARE in the real estate business and have been for several years now.  So stop whining, stop procrastinating, stop being unreasonable to work with on all aspects of a real estate transaction AND PULL YOUR HEADS OUT OF YOUR . . . (ass) VAULT (big fat ass).  

Can you tell we’ve been trying to buy a house?  Yeah.  It’s not pretty out there. 

We are great buyers.  We have excellent credit scores.  We have 3o% to put down.  We have a terrific rate locked in with our credit union.  And we can’t find anyone to take our money.  Because 90% of the real estate out there is owned by a bank or soon to be owned by a bank and the banks are COMPLETELY UNREASONABLE. 

Take the last house we put an offer on.  It was a short sale and we were the second offer in.  After waiting three months (MONTHS) to even hear back from the bank, we were given a price that they would accept.  By this time we were the only purchasing party still interested, so even though the bank was asking us to pay all their closing costs, we agreed.  Evidently we agreed too fast.  They raised the price by $30,000.  What?  Wait.  WHAT?   Ok.  Deep breath.  Oh, and they STILL wanted us to pay their costs.  Another deep breath.  This would stretch us to the limit, but it’s for Hubunit’s parents and they deserve a nice house.  So we agreed.  

Then the bank said they would consider our offer only if we immediately released $10,000 to them.  Before we had a signed contract, an inspection or a title search.  When THEIR realtor pointed out to them that this request was kind of redonkulous, their reply was simply ‘We don’t have to be reasonable.’ 

We refused, they forclosed and the house went back on the market.  Yes, it sold for more than we offered, but the bank ended up netting much less because of all the foreclosure costs they incurred. 

How many sales across the nation is this happening with?  How skewed are all the foreclosure statistics due to this kind of blatant mismanagement by the banks??  How long will we, the paying public, allow this kind of egregious behaviour?  Not only allow it, but support it with our tax dollars? 

Now the new trend is for listing agents to require all offers being submitted on their listing to be pre-approved thru a specified lender.  This means that even though we are already pre-approved thru our own credit union and have no intention of using another lender, we still have to fill out a gazillion page application, submit extensive documentation and let them run our credit again.  Of course, every time someone runs our credit, that number goes down.  Hours of my time just to submit an offer that probably won’t be accepted. 

FUUUUUUCCCCKKKKK.  I refuse to do it. 

All that being said, at least I get to spend more time with the most amazing realtor in the whole world, truly, the awesome Peggy Veliz.  Yes, I big puffy heart her.  If you live in Southern California and need a realtor, she’s your chick.    

 OK, I’m exhausted now and must go eat.  I wonder how Shredded Wheat would taste with Tequila instead of milK?