[quote author="lawyerliz" date=1210028236]Before he gave up and started selling cruises, my realtor buddy gave a
few open houses here in South Florida.
He hung around during the open house period, but nobody came at all.
I found the house I'm living in now at an open house.
I think institutional financing has to come back before the mkt can recover.
Right now, here, it effectively doesn't exist.
I'm not asking for fog a mirror underwriting. I am asking for people who
have a glitch or 2, but still appear to be reasonable loan candidates, to
be granted mtges.
However, I guess the bottom line is banks are not loaning money, because
they have no money to loan, which I've posted before, is the real reason that
they aren't loaning.</blockquote>
2 words... TIGHT CREDIT.