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cliffdweller · 06-02-2009, 02:07 PM

You are reading it the same way that I am. It could be that they
are playing hardball.

I plan to use the condition of our home as leverage...severe fixer-upper when we bought it, husband is a Carpenter...if they foreclose, they will need to sell at a distressed price...Problem is that I am not clear what the value of our home really is..very few comps in our area within last 6-8 months. Assessors office said we will NOT get a tax break. I live in Los Gatos, CA which is a real nice area. It is possible WaMu could sell it for a reasonable price. We have done ALOT of work. 180 degree view of Mountains, 38,000 sq. ft. lot, so some handy people, like us, willing to buy because of view.

Anyway, I have a woman in Executive Resolution who emailed our negotiator last Friday to get clarity on the details of the trial. She said I should call Wed. if I did not hear back.

We will probably take the 3 month trial, and hope we can swing a good deal at the end. It almost feels like they are buying time...like WaMu is unclear about future direction. Not sure how much Chase figures in to the final decision.

06-02-2009, 02:07 PM	#41 (permalink)
cliffdweller Senior Member Join Date: Apr 2009 Posts: 179 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: WaMu/Chase Mod Moving Forward You are reading it the same way that I am. It could be that they are playing hardball. I plan to use the condition of our home as leverage...severe fixer-upper when we bought it, husband is a Carpenter...if they foreclose, they will need to sell at a distressed price...Problem is that I am not clear what the value of our home really is..very few comps in our area within last 6-8 months. Assessors office said we will NOT get a tax break. I live in Los Gatos, CA which is a real nice area. It is possible WaMu could sell it for a reasonable price. We have done ALOT of work. 180 degree view of Mountains, 38,000 sq. ft. lot, so some handy people, like us, willing to buy because of view. Anyway, I have a woman in Executive Resolution who emailed our negotiator last Friday to get clarity on the details of the trial. She said I should call Wed. if I did not hear back. We will probably take the 3 month trial, and hope we can swing a good deal at the end. It almost feels like they are buying time...like WaMu is unclear about future direction. Not sure how much Chase figures in to the final decision.