low appraisals killing home sales !

All accross our country appraisals are comming in lower than the asking prices of homes. Its effecting everyone and our econmony! We are in the process of purchasing an REO(bank owned) property. The original asking price was 159,900. The bank then dropped the price to 149,900 due to the property being or sale for several months without any buyers. At this price we came in with our bid which was full asking price. We got our home inspection and it came time for the appraisal......when the appraisal came back it was for 141,000. The lender won't loan ONE dime more than what the appraisal price of the home is! We did not have the cash to bridge the gap between asking price and appraisal! At this point our ONLY hope was for the seller(the bank) to come down in price to meet the appraisal or the deal would be killed here! We were very blessed because the bank DID reduce the price to meet the appraisal! HOWEVER, the bank wanted us to come up with an EXTRA 1,500 dollars in closing fees or AGAIN the deal would be killed here. We were very blessed to be able to come up with the extra closing costs! This is happening all across our country. Applicants are wanting to buy homes and that would boost our economy but are unable to due to low appraisals. Not every bank is willing to reduce prices to match appraisals and the deal at that point dies. Something really needs to be done to stop this! People don't usually have the cash to bridge to gap of the appraisals and banks are not wanting to reduce the property down to appraisal price so deals are being killed everywhere with totally qualifyed home buyers! This situation has made it almost impossiable to buy a home now! Hopefully this trend will stop and we will be able to recover. This whole ordeal has been unpleasant to say the least. But I do feel very blessed that we are able to continue our transaction! Many people are not that fortunate! This needs to stop.

diabetes

Hi all! Yes its me again taking about my diabetes. Just three short months ago I was unaware I had diabetes. I knew I had something. Everytime I ate any carbs I wouls fall into a sleep I could barely be woken from. Id see double and was really thirsty! That was what brought me to the doctor. It started out simple ok test your blood four times a day and watch your diet. Well my numbers kept getting higher and higher and I still did the sleeping thing. Ok the doctor decided take this pill,easy huh? Well the pill did nothing! Hummm. Numbers kept raising feet turning a purpleish color not good. Now came the first insulin. Not helping because it was to be taken after my numbers rise but my numbers were still rising. Then my docotor gave me a 24 hour insulin I take every morning then when I rise I take my second shot of insulin. Usually after meals. If I rise again its my third shot and so on. This has at least enab led me to keep the blood sugar under control! The longer lasting insulin helps a lot! So now my day consists of testing and injections. Its not as bad as it sounds really. You get used to it. Its hard at times of bbqs and social gatherings because I have to carry my meter for testing, insulin,and syringes where ever I go. Also I have to watch for lows now. Sometimes the insulin lowers me and if I don't eat wow sweating shaking and you must bring the sugar up or coma results happens! So now I'm watching carbs in every meal , testing at least four times a day, shooting insulin when I get up and after meals, watching for lows, carrying along special tablets to help the low that happens if I'm not eating correctly. Its pretty all consuming! So I'm trying to adjust my life and be as normal as possiable.so I'm just learning to manage these these things! This week is thanksgiving! I'm very thankful my supplies are all covered and I pray to God they continue to stay covered! I'm greatful I get my insulin that has helped so much with the falling asleep after meals. If I get too high and don't inject quick enough it still happens. I just have to figure out how to do all these things while I'm eating at someone elses house for thanksgiving! Humm this will be my first go at it and I don't want to be too conspicious while managing my disease at the same time. I'll be doing a following post on how that went. I think I'm doing ok for having only been doing this for three months. I'm at least out of denial. That happened when I started having to inject insulin. For the first month I kep thinking the doctor was going to call and say its been a mistake. Well no mistake I'm a diabetic and I require insulin shots to keep me healthy. I must follow a tight treatment plan if I want to live. Or keep my limbs or not go blind. Or loose my kidneys. Yes its serious but its treatable.that is what I'm learning to do now is treat it. Well I'm ending this post because I'm starting to feel low and id better eat. So goes the cycle again. I will stay positive and keep following what I need to do each day to stay reasonably healthy. Goodbye until next post. Happy thanksgiving to all!