Tuesday, October 12, 2010
Sunday, December 7, 2008
Thursday, December 4, 2008
Denial for a year....
Builder guy, high end luxury. In denial for the last year. Homes dropping 1m from original price.
Now short sale guy. Still using agents from yesterday that cannot sell. Still going to do it his way.
Already looking at BK. 12 mos of counciling and the denial was so strong he hits the wall.Has not even made 2 payments late yet.
From: XXXXhomes@aol.com
Sent: Tuesday, December 02, 2008 12:32 PM
To: Elvis
Re: Operation Push Back
Trying hard not to fold. Need to get the CDM house sold. Talked to my old neighbor, today about the inevitable, Bankruptcy. Are you moving in next to your old pal?
Now short sale guy. Still using agents from yesterday that cannot sell. Still going to do it his way.
Already looking at BK. 12 mos of counciling and the denial was so strong he hits the wall.Has not even made 2 payments late yet.
From: XXXXhomes@aol.com
Sent: Tuesday, December 02, 2008 12:32 PM
To: Elvis
Re: Operation Push Back
Trying hard not to fold. Need to get the CDM house sold. Talked to my old neighbor, today about the inevitable, Bankruptcy. Are you moving in next to your old pal?
Kimball Homes.......Gone
http://www.builderonline.com/business/breaking-news-kimball-hill-homes-will-shut-down.aspx?cid=BLDR081208002
Wednesday, November 19, 2008
and another one bites...another one bites...another one bites the dust
Breaking News: Village Homes of Colorado Files Chapter 11
http://www.builderonline.com/debt/village-homes-of-colorado-files-chapter-11.aspx?cid=BLDR081107002
http://www.builderonline.com/debt/village-homes-of-colorado-files-chapter-11.aspx?cid=BLDR081107002
Friday, November 14, 2008
Thursday, November 13, 2008
Tuesday, November 11, 2008
Tuesday, October 28, 2008
Friday, October 17, 2008
Depressed
From: Elvis
Sent: Thursday, October 16, 2008 4:05 PM
To: The Mom
Wait.
We owe plenty of lumber guys.
10k down and 3k a month.
How about NO.
What is your attorney thinking?
We owe millions, have zero.
Fuck those dudes.
NO means no.
Unless you are missing something, I say either your attorney is collecting from them or is on the take.
I have a free word for you to use.
No.
From: The Mom
Sent: Thursday, October 16, 2008 3:22 PM
To: ElvisSubject: Depressed
K so.
I’m really depressed today. I feel like there is a ton of bricks sitting on my chest.
So I go to arbitration to settle a stupid lumber bill dispute. A $20K bill has now turned into $40. After arbitration, I lose, but get Ray’s name removed from the case. They also had to remove their lis pendens. Big deal.
So rather than wrack up more attorneys fees, and now that I still have inventory, and probably won’t be filing chapter 13 in January as planned, my attorney wants to settle.
So, they want 10K down and monthly payments of 3K and a trust deed against my house, signed by me and Ray……..
My money maker is still broken.
Isn’t it true that if 90 days go by and the debt is not repaid they can foreclose? My attorney says that takes many more months to make happen. I don’t know who or what to believe…………………..
Was happy til today.
Sent: Thursday, October 16, 2008 4:05 PM
To: The Mom
Wait.
We owe plenty of lumber guys.
10k down and 3k a month.
How about NO.
What is your attorney thinking?
We owe millions, have zero.
Fuck those dudes.
NO means no.
Unless you are missing something, I say either your attorney is collecting from them or is on the take.
I have a free word for you to use.
No.
From: The Mom
Sent: Thursday, October 16, 2008 3:22 PM
To: ElvisSubject: Depressed
K so.
I’m really depressed today. I feel like there is a ton of bricks sitting on my chest.
So I go to arbitration to settle a stupid lumber bill dispute. A $20K bill has now turned into $40. After arbitration, I lose, but get Ray’s name removed from the case. They also had to remove their lis pendens. Big deal.
So rather than wrack up more attorneys fees, and now that I still have inventory, and probably won’t be filing chapter 13 in January as planned, my attorney wants to settle.
So, they want 10K down and monthly payments of 3K and a trust deed against my house, signed by me and Ray……..
My money maker is still broken.
Isn’t it true that if 90 days go by and the debt is not repaid they can foreclose? My attorney says that takes many more months to make happen. I don’t know who or what to believe…………………..
Was happy til today.
Thursday, October 16, 2008
Bankruptcy
From: ElvisTo: XXXXXX@aol.com
Sent: Wednesday, October 16, 2008 5:00 AM
Subject: Bankruptcy
Don’t avoid me.
When you are faced with becoming a dirtbag, I guess you need to sit down with dirtbags to learn. Sorry for being frank…..Fritz, but I get worried when you talk this way.
Let’s break down the problem. Let’s get the right surgeons on the case. Let’s apply the right tools. Nothing worse than getting a checkup, having the nurse (after sitting in the waiting room for hours…) tell you YOU HAVE FINANCIAL CANCER…
Then finding out the person they brought in to operate on you is the same guy that was working at the gas station last week. And his tools? Precision cutting, exacting devices? No, that shit head has a chain saw to operate. You are NOT stewed; you are just stuck in the same market as the rest of us. We ran out of money before the world did, but when we hit zero, and we are all stuck in the market, we are all faced with the same problems. Careful surgery with professionals is the remedy. You will have to go through surgery, then follow with Chemo, and that my friend will make you sick, your hair will fall out, and you will need time to heal. Be good to the family, especially now. Take time to play, talk, plan and become closer to friends and relatives. They have to like you even in tough times!! Go to http://www.operationpushback.com/ and READ all pages. They are humorous, some are for entertainment and parody. Some are very real experiences. All are factual. Go ahead and tell your story, get mad, sign in fritz, we don’t need your name, we need your story. Head high soldier, we are only at Half Time. Round 4 and 5 are coming. We are fighting Mike Tyson. That dude knocked people out in round one.
He hits hard.
From: XXXXXX@aol.com
Sent: Wednesday, October 15, 2008 5:06 PM
To: Elvis
Subject: Bankruptcy
Sorry for the late reply. I have not ever dreamed about bankruptcy, let alone looked it in the eye and know I am. I see where I went wrong but it seems to late to do anything about it. You seem to be able to look adversity in the eye on a daily bases and grow from it, I can not. It seems unfair that this can happen to anyone, let alone myself, but it is. Hopefully the up-coming months will not cause me to become stronger not weaker.Fritz
Sent: Wednesday, October 16, 2008 5:00 AM
Subject: Bankruptcy
Don’t avoid me.
When you are faced with becoming a dirtbag, I guess you need to sit down with dirtbags to learn. Sorry for being frank…..Fritz, but I get worried when you talk this way.
Let’s break down the problem. Let’s get the right surgeons on the case. Let’s apply the right tools. Nothing worse than getting a checkup, having the nurse (after sitting in the waiting room for hours…) tell you YOU HAVE FINANCIAL CANCER…
Then finding out the person they brought in to operate on you is the same guy that was working at the gas station last week. And his tools? Precision cutting, exacting devices? No, that shit head has a chain saw to operate. You are NOT stewed; you are just stuck in the same market as the rest of us. We ran out of money before the world did, but when we hit zero, and we are all stuck in the market, we are all faced with the same problems. Careful surgery with professionals is the remedy. You will have to go through surgery, then follow with Chemo, and that my friend will make you sick, your hair will fall out, and you will need time to heal. Be good to the family, especially now. Take time to play, talk, plan and become closer to friends and relatives. They have to like you even in tough times!! Go to http://www.operationpushback.com/ and READ all pages. They are humorous, some are for entertainment and parody. Some are very real experiences. All are factual. Go ahead and tell your story, get mad, sign in fritz, we don’t need your name, we need your story. Head high soldier, we are only at Half Time. Round 4 and 5 are coming. We are fighting Mike Tyson. That dude knocked people out in round one.
He hits hard.
From: XXXXXX@aol.com
Sent: Wednesday, October 15, 2008 5:06 PM
To: Elvis
Subject: Bankruptcy
Sorry for the late reply. I have not ever dreamed about bankruptcy, let alone looked it in the eye and know I am. I see where I went wrong but it seems to late to do anything about it. You seem to be able to look adversity in the eye on a daily bases and grow from it, I can not. It seems unfair that this can happen to anyone, let alone myself, but it is. Hopefully the up-coming months will not cause me to become stronger not weaker.Fritz
Thursday, October 9, 2008
Bad Bank Behavior...
Another story now.
X-Bank takes us into Receivership and hires the very realtor we deemed incompetent to sell.
The need to screw partners, subs, and their want to develop 12 acres of solid basalt rock in a suburb rather than wait longer and work with us took over.
Banks eat people.
Another story.
X-Bank, set to foreclose, did not even blink at taking the lots.
They took them knowing we owed 160k each, and we had an offer for 950k each.
Now they have them, they are going to work with the same Realtors, same buyer?
What the hell? And of course the buyer will come with a lesser offer, and they will take it.
They have no regard to what our deficiency will be as long as they call the shots.
Bad bank behavior.
I want to sue.
Banks are now starting to increase their urge to foreclose or deed in lieu on builders.
They are hiring subs and builders in a manner where they will be the seller and convey the property.
Who will be checking on their builders risk insurance?
Liability?Permitting?Contracts?CCB licensing?Bonding?
Who regulates the banks insatiable panic to use or misuse the remedies given in a poor manner?
If a bank does this they should be denied judgments and forced to build houses with the same laws and rules we are.
They cannot be the seller of multiple homes without being licensed and held to the same standards.
X-Bank takes us into Receivership and hires the very realtor we deemed incompetent to sell.
The need to screw partners, subs, and their want to develop 12 acres of solid basalt rock in a suburb rather than wait longer and work with us took over.
Banks eat people.
Another story.
X-Bank, set to foreclose, did not even blink at taking the lots.
They took them knowing we owed 160k each, and we had an offer for 950k each.
Now they have them, they are going to work with the same Realtors, same buyer?
What the hell? And of course the buyer will come with a lesser offer, and they will take it.
They have no regard to what our deficiency will be as long as they call the shots.
Bad bank behavior.
I want to sue.
Banks are now starting to increase their urge to foreclose or deed in lieu on builders.
They are hiring subs and builders in a manner where they will be the seller and convey the property.
Who will be checking on their builders risk insurance?
Liability?Permitting?Contracts?CCB licensing?Bonding?
Who regulates the banks insatiable panic to use or misuse the remedies given in a poor manner?
If a bank does this they should be denied judgments and forced to build houses with the same laws and rules we are.
They cannot be the seller of multiple homes without being licensed and held to the same standards.
Friday, October 3, 2008
Wednesday, October 1, 2008
Fortune Cookie message for today:
Old relations will die.
You will most likely disappoint lenders, investors, subs or someone along the way.
All opportunity comes from new relationships. You must let the old ones rest or go in order to meet new people that will ultimately lead to new ventures. Let it happen naturally but do not fight to please people that will never respect your efforts.
You will most likely disappoint lenders, investors, subs or someone along the way.
All opportunity comes from new relationships. You must let the old ones rest or go in order to meet new people that will ultimately lead to new ventures. Let it happen naturally but do not fight to please people that will never respect your efforts.
End of first ever poll question:
We have decided to prematurely end the poll: Do you trust your banks?
The poll was set for 100 days and the goal was to get at least 100 votes tallied.
With 29 days left and a total of 56 votes it has become apparent that the majority of people out there today do NOT trust their banks.
Final Tally:
46 votes (No - We do not trust our banks)
6 votes (Yes - we do trust our banks)
We will now be starting a new poll.
Please feel free to email me about poll questions; or if you have any questions about the blog in general.
Thanks to everyone for participating.
The poll was set for 100 days and the goal was to get at least 100 votes tallied.
With 29 days left and a total of 56 votes it has become apparent that the majority of people out there today do NOT trust their banks.
Final Tally:
46 votes (No - We do not trust our banks)
6 votes (Yes - we do trust our banks)
We will now be starting a new poll.
Please feel free to email me about poll questions; or if you have any questions about the blog in general.
Thanks to everyone for participating.
Wednesday, September 24, 2008
The Drive to 100
I would like to thank everyone for voting - all 50 of you.
Its a magic number, but the goal is 100. I know its not a dynamic question - it was more a way of being able to track and see if anyone is actually coming to the blog. I have considered extending the time limit, but will hold back for now. Please enjoy the site, read some posts, and make comments. Most importantly - Please vote. Help the drive to 100.
Its a magic number, but the goal is 100. I know its not a dynamic question - it was more a way of being able to track and see if anyone is actually coming to the blog. I have considered extending the time limit, but will hold back for now. Please enjoy the site, read some posts, and make comments. Most importantly - Please vote. Help the drive to 100.
Monday, September 22, 2008
From: Elvis [mailto:wheresthebottom@gmail.com]
Sent: Monday, September 22, 2008 10:07 AM
To: 'The Mom'
Subject:What am I doing now?
Ok lady, you are on the road to recovery.
When you owed as much as we did we filled out 50 of those packets or more.
The phones ring 18 hrs a day.
Next people will be killing a rain forest worth of trees to send junk mail on bankruptcy, tax, short, investor, realtor, nit wits.
Your phone will not stop for a while.
Let X handle the banks, there is nothing more you can tell them or do for them.
No more working for free. Use the homes to your advantage and as leverage.
Keep your head straight, and for Christ’s sake finish those packets.
No hiding, no tricks, and if someone suggests you fraud just to save a thing, fuck them, it just aint worth it.
You will be surprised by the time the real estate is gone, many of the collection efforts will have gone with them.
You are smart, you will have more things.
Don’t forget family, they are the backbone of your survival.
A soldier can only fight if they have something to fight for. Your family looks to you for leadership and needs you strong.
When the coast is clear, then and only then will the coast be clear.
From: The Mom [mailto:themom@verizon.net]
Sent: Monday, September 22, 2008 9:29 AM
To: 'Elvis'
Subject: What am I doing now?
Hello there.
Are you ever grateful for caller ID? Well I sure am! I have been barraged (sp) with now way tooooo many get out of debt voice recorded solicitations. People must think I’m a real nice person when the phone rings, I look at it, tell it to shut the hell up and stuff it back in my pocket. Oh, she only answers the important calls! Needless to say, I have a big phonebook!
Anyway, the bank. Pacific Continental is offering me deed in lieu if I take another note, which I won’t, so they are giving me 30 more days to sell the house and get the heck out.Bank of the West, hasn’t talked to me since July. Too bad for them.
I met with a pretty awesome attorney the other day, who not only is a specialist (in bankruptcy) but at least looked at my scenario and created a game plan for escape.
What am I doing now?!
I’m filling out these damn short sale packets and forwarding them to XXXX XXXXX!!
Then…………….
I get back in the saddle and work on my life, my career and my MONEYMAKER!!!
Mom
Sent: Monday, September 22, 2008 10:07 AM
To: 'The Mom'
Subject:What am I doing now?
Ok lady, you are on the road to recovery.
When you owed as much as we did we filled out 50 of those packets or more.
The phones ring 18 hrs a day.
Next people will be killing a rain forest worth of trees to send junk mail on bankruptcy, tax, short, investor, realtor, nit wits.
Your phone will not stop for a while.
Let X handle the banks, there is nothing more you can tell them or do for them.
No more working for free. Use the homes to your advantage and as leverage.
Keep your head straight, and for Christ’s sake finish those packets.
No hiding, no tricks, and if someone suggests you fraud just to save a thing, fuck them, it just aint worth it.
You will be surprised by the time the real estate is gone, many of the collection efforts will have gone with them.
You are smart, you will have more things.
Don’t forget family, they are the backbone of your survival.
A soldier can only fight if they have something to fight for. Your family looks to you for leadership and needs you strong.
When the coast is clear, then and only then will the coast be clear.
From: The Mom [mailto:themom@verizon.net]
Sent: Monday, September 22, 2008 9:29 AM
To: 'Elvis'
Subject: What am I doing now?
Hello there.
Are you ever grateful for caller ID? Well I sure am! I have been barraged (sp) with now way tooooo many get out of debt voice recorded solicitations. People must think I’m a real nice person when the phone rings, I look at it, tell it to shut the hell up and stuff it back in my pocket. Oh, she only answers the important calls! Needless to say, I have a big phonebook!
Anyway, the bank. Pacific Continental is offering me deed in lieu if I take another note, which I won’t, so they are giving me 30 more days to sell the house and get the heck out.Bank of the West, hasn’t talked to me since July. Too bad for them.
I met with a pretty awesome attorney the other day, who not only is a specialist (in bankruptcy) but at least looked at my scenario and created a game plan for escape.
What am I doing now?!
I’m filling out these damn short sale packets and forwarding them to XXXX XXXXX!!
Then…………….
I get back in the saddle and work on my life, my career and my MONEYMAKER!!!
Mom
Sunday, September 21, 2008
The volcano erupts.....
Renaissance Homes faces bankruptcy
http://www.oregonlive.com/business/index.ssf/2008/09/highend_oregon_builder_renaiss.html
Oregon's housing market still hasn't found bottom
http://blog.oregonlive.com/frontporch/2008/09/oregons_housing_market_still_h.html
Bloggers speculate on developers' deaths in Bend
http://www.oregonlive.com/business/index.ssf/2008/09/death_and_speculation_in_bend.html
The Blogg
http://bendbubble2.blogspot.com/
http://www.oregonlive.com/business/index.ssf/2008/09/highend_oregon_builder_renaiss.html
Oregon's housing market still hasn't found bottom
http://blog.oregonlive.com/frontporch/2008/09/oregons_housing_market_still_h.html
Bloggers speculate on developers' deaths in Bend
http://www.oregonlive.com/business/index.ssf/2008/09/death_and_speculation_in_bend.html
The Blogg
http://bendbubble2.blogspot.com/
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- Elvis
- Portland, Oregon, United States
- We have built homes and developed land. Now we fight to survive. Please take the time to vote on the poll. Please visit the builders forum. Please email me a story. Have a great day.
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