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Why do you all lie to our face?

Do you support consolidation?

Are you for real? Consolidation? Are you as transparently stupid as your other moderator who suddenly has reluctant tounge when called out for having anti-OSU positions when they have a job as a moderator at an OSU site?

Hilarious. Winning.
 
Banks are not going to approve any loan that someone by their income can not service the debt and interest. If a willing buyer and seller agrees to X for the sale of a property, that by definition determines FMV. No one forces a buyer to buy, and banks today are much more scrutinized as to loan qualifying procedures and insuring the quality of their debtors and underlying equity. The real estate bubble and the failure of banks changed how banks do business and at one time afterwards it was really hard to qualify for a home loan, they have lightened up some, but not to the point of Penn Square Bank stupid, far, far, from it. Loan reserve requirements and stress test requirements have increased. @Marshal Jim Duncan could speak much better than I on all of this.

If a buyer is so phucking stupid to not compare comp values as ANY individual or real estate agent would do, not sure how you fix stupid. Bank would require an appraisal from someone they trusted to properly protect the loan.

IF what you say is true, this would require massive collusion between the appraiser, the bank, and the property owner. Is it worth it for the appraiser? You just admitted no. Bank? Oh hell no. But this then ignores the fact an individual buyer and / or his real estate agent, ignores comp values and the need for their own appraisal.

None of this makes sense, and if it was happening it is not just a Stitt issue but everyone in the transaction with massive collusion and some really STUPID buyers and their agents. Having a hard time seeing any of this aligning. Possible? Sure. Likelihood? So small not even funny. How do so many people miss a property being over valued by almost 100% when it is so easy to discover with public real estate records for comps, especially buy a buyer and bank that has to meet certain loan requirements.

Too long did not read. Agreed. It did not make sense which is why the FBI investigated and people went to jail. My dad had the sense to get out.
 
How do people miss a property being over valued by almost 100% when it is so easy to discover with public real estate records for comps, especially buy a buyer and bank that has to meet certain loan requirements.

You clearly have no idea how property values are huge challenges for appraisers in rural areas that don't have obvious comps. That is where organized crime steps in. How naive are you?
 
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Too long did not read. Agreed. It did not make sense which is why the FBI investigated and people went to jail. My dad had the sense to get out.

TLDR from an educator? Mental midget educator and when you can not win on an academic level you ignore the truth. I respected you enough to actually give you a serious response, had a feeling I was wasting my time. Readers are leaders. Figures, waaaay over your head. You will never get a job at a private school, you belong in the public school system.

Now you are claiming people went to jail (that is new info), well that is public record. Go to this site:

http://www.oscn.net/dockets/Search.aspx

Look up those cases and prove us all wrong, I double dog dare you.
 
You clearly have no idea how property values are huge challenges for appraisers in rural areas that don't have obvious comps. That is where organized crime steps in. How naive are you?

You just addressed about 1/6th of the people involved in the transaction. So we go from Bob Stitt the crook to shady appraisers?

How hard it is to value acreage alone and the value of the house sitting on it? Seriously? Acreage sells all the time. We know what it costs per square foot to build new anywhere in Oklahoma, valuing an existing structure sitting on an acreage is not rocket science. Banks that make loans in these areas are not dumbasses and they will rely on appraisers that they trust to come in with a conservative appraisal and that is making an appraisal within their expertise, and not an inflated one that exposes them to more risk. If a bank knows it its outside of its lending expertise a loan is not happening.
 
I use to do appraisals in and around Jackson Hole WY. We had comps all the time that were 20+ miles away and sometimes over the 3 or 4 months past what we wanted to see as legit. Even had to ride a snowmobile about 6 miles once because the addition didn’t plow roads in the winter. Had the banks ever suspected we were inflating prices or using unreasonable comps, we would have gone out of business.
 
My dad is an appraiser. He has been visited by the FBI twice. Stitts company has a scam going in rural areas. They take a new home worth say 100k and get buyers who can't qualify and jack up the price to 180, use the equity to pay off the applicants debt and qualify them for the new home price. My dad dropped out since this is illegal. 2 visits by the FBI.

And F you, you are drunk.
Throw some dragons and laser beams in this story and I'll believe it.
 
Brtinla......when you’re teaching do you give all sides a fair assessment or do your views leak into the lessons? Only asking because when I taught it was really hard to keep my political opinions in check. I managed to do it almost all the time, but it was hard. Always wanted to try to illicit opinions from the kids and try to get them to look at things from a number of angles.

Didn’t vote for Stitt, but give the man a chance, maybe he will surprise you.
 
Not being in OK anymore and not researching the vote, etc., I am assuming this all boils down to more money for you brt had the other candidate prevailed. What make syou think you deserve more money? Do you think you excel at your profession? Merit? Sure, we all want more money, but I've never heard of a teacher that chose the profession for the money outside of a professor (maybe).
 
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You clearly have no idea how property values are huge challenges for appraisers in rural areas that don't have obvious comps. That is where organized crime steps in. How naive are you?
brt, serious question here. Does Gateway Mortgage service their own loans? If not your scenario is not plausible. Too many checks and balances for the actual lender to allow this type of thing to go on. 15 years ago maybe, today no.
 
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My dad is an appraiser. He has been visited by the FBI twice. Stitts company has a scam going in rural areas. They take a new home worth say 100k and get buyers who can't qualify and jack up the price to 180, use the equity to pay off the applicants debt and qualify them for the new home price. My dad dropped out since this is illegal. 2 visits by the FBI.

And F you, you are drunk.
that's a lot of stuff happening way out of sequence it seems.
 
You do realize asshole, that Oklahoma State is a public education school. And the vast majority of the students who attend OSU come from public schools. Why are you a moderator on this site? Why are you here at all?

I would imagine I'm here for the same reason everyone else is, OSU sports. I can be a graduate of OSU and still acknowledge that the education you receive there is a waste of money.
 
hen you’re teaching do you give all sides a fair assessment or do your views leak into the lessons?

You teach the material without bias. You then ask the students what they think. If you see healthy debate you leave it alone. If you see group think developing you play devils advocate and take the opposite view. I can make a liberal case better than a liberal can and vice versa. The key is to get them thinking and not conforming.
 
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FBI visited twice and yet no charges were made.... so maybe it didn't happen????????

I think things probably did happen. I think people got indicted. All I know is it freaked out my dad, who quit working for them. The first thing he said when he answered the door and the FBI announced themselves was: I have been waiting for you guys.

In any case, this has gone far enough outside my original rant: disappointment that Oklahomans would again vote to be mediocre
 
I can be a graduate of OSU and still acknowledge that the education you receive there is a waste of money.

Really? What a fine, loyal and true graduate you are. Again, why are you here you self loathing piece of shit? Go away.
 
I think things probably did happen. I think people got indicted. All I know is it freaked out my dad, who quit working for them. The first thing he said when he answered the door and the FBI announced themselves was: I have been waiting for you guys.

In any case, this has gone far enough outside my original rant: disappointment that Oklahomans would again vote to be mediocre
While I’m no big fan of Stitt, you think Edmonson was anything more than mediocre?
 
While I’m no big fan of Stitt, you think Edmonson was anything more than mediocre?

What I am concerned about is the next recession, which is long overdue. Most states increased taxes in 2008 to prevent devastating cuts in education. Oklahoma did the opposite, they doubled down on tax cuts which made things worse. We have never recovered. We are spending 200 million less on public education in Oklahoma than we did 10 years ago, with 45,000 more students. IN REAL DOLLARS, not inflation adjusted dollars

People forget, Reagans first act as Governor in California was to raise taxes to support education. When turbulence hits, Edmondson would have protected Education. Stitt will cut to the bone again. Are you ready for Oklahoma to go from 4 day school days to 3? You weren't in the slightest embarrassed by school districts going to 4. Might 3 do the trick? How about 2? When is the level low enough to finally stop voting for that person with the big R beside their name? Have you no shame at all?
 
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Really? What a fine, loyal and true graduate you are. Again, why are you here you self loathing piece of shit? Go away.

No I just have the expectation that if I pay for the public education system, that the system fulfills its part of the social contract. Instead, it's only interest is to defraud the public out of more money
 
Really? What a fine, loyal and true graduate you are. Again, why are you here you self loathing piece of shit? Go away.

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What I am concerned about is the next recession, which is long overdue. Most states increased taxes in 2008 to prevent devastating cuts in education. Oklahoma did the opposite, they doubled down on tax cuts which made things worse. We have never recovered. We are spending 200 million less on public education in Oklahoma than we did 10 years ago, with 45,000 more students. IN REAL DOLLARS, not inflation adjusted dollars

People forget, Reagans first act as Governor in California was to raise taxes to support education. When turbulence hits, Edmondson would have protected Education. Stitt will cut to the bone again. Are you ready for Oklahoma to go from 4 day school days to 3? You weren't in the slightest embarrassed by school districts going to 4. Might 3 do the trick? How about 2? When is the level low enough to finally stop voting for that person with the big R beside their name? Have you no shame at all?

You have no baseline to state that is what Stitt will/would definitively do. You’re pissed about a “possibility” not anything that has actually happened. I respect that you chose a profession that is so important and agreeable pays to little, but in all honesty how can you go out on that limb without any past actions on Stitt’s part?

You’re not an endentured servant, if it’s that bad and you are so positive that’s what’s going to happen get out now, or move someplace where you don’t feel like you’re in the wilderness.

You’re whole anti-R screed is tiresome as well and there were consequences for many of those that voted against the pay raise by the way. Your political party affiliation is no indicator of your usefulness, or lack of usefulness as a politician. The willingness for each sides to work together as well as the teachers (their biggest problem being union leadership, or really lack thereof) to make necessary changes hasn’t been fully committed too and there is a ton of blame to go around.

Schools will never go to 3 day a week or 2 days a week....that’s just a stir up the masses hyperbole that gets a serious discussion sidetracked 100% of the time.
 
You have no baseline to state that is what Stitt will/would definitively do. You’re pissed about a “possibility” not anything that has actually happened. I respect that you chose a profession that is so important and agreeable pays to little, but in all honesty how can you go out on that limb without any past actions on Stitt’s part?

You’re not an endentured servant, if it’s that bad and you are so positive that’s what’s going to happen get out now, or move someplace where you don’t feel like you’re in the wilderness.

You’re whole anti-R screed is tiresome as well and there were consequences for many of those that voted against the pay raise by the way. Your political party affiliation is no indicator of your usefulness, or lack of usefulness as a politician. The willingness for each sides to work together as well as the teachers (their biggest problem being union leadership, or really lack thereof) to make necessary changes hasn’t been fully committed too and there is a ton of blame to go around.

Schools will never go to 3 day a week or 2 days a week....that’s just a stir up the masses hyperbole that gets a serious discussion sidetracked 100% of the time.

Republicans hold a majority in Oklahoma still...your excuses ring hollow. Time for Republicans to fix it, but I’m sure the excuses will continue lol...they always do...
 
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