♪ >> from san francisco, this is maria bartiromo's wall street. maria: happy weekend. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo, thanks for joining us. it was a big week for technology and earnings. we had earnings from microsoft, amazon, alphabet and texas instruments reporting amidst worries of a slowdown coming in the week ahead. fund manager dan nice laid out -- nice laid out such a she mare owe. >> what you've seen in general with boeing being a pretty big exception is that a lot of companies are guiding much lower. i'll give you an example.

texas instruments reported last night, and i think they're one of the best indicators in terms of global health. they do about $16 billion this revenues, $100 billion in market cap. they missed revenue expectations for the first time since fourth quarter of 2015. so it's been almost three years since they missed the top line. they talked about every major end market slowing down, and they weren't sure when it was going to stop. analysts kept on trying to get them to say, oh, it'll be short, but they're like, we don't know, and this is going to last a while because the upturn was so long. maria: but first, one of silicon valley's biggest giants, he's been called the godfather of technology, the iron man of business, oracle executive chairman larry ellison in in the exclusive interview. so, larry, let me turn to you, you're a statesman in the industry, obviously, you've been around a long time and have watched small companies become big companies, try compete with you. -- try to compete with you. assess industry, what strikes

you most about what you've seen over the last several years? >> sometimes i liken the computer industry to the fashion industry, that certain brands get very, very popular. ibm, when i first came into the industry, was the ultimate brand. it was not a company against whom you would compete, it was an environment in which you would compete. amazon now is kind of the number the one brand in infrastructure cloud computing. let me tell you an interesting fact. amazon does not use aws to run their business. amazon runs their entire business on top of oracle, on top of oracle database. they have been unable to migrate to aws. because it's not good enough. now, i keep saying this, and because they just spent another $50 million with us last year buying still more oracle database. i keep saying this, saying, well, maybe our database is better than amazon's databases? why else would amazon keep buying our database?

they last year bravely said they're sick of these comments of mine, and they're going to move off of oracle by 020. guess what? -- 2020? they just moved a bunch of their warehouses off of oracle, and guess what happened? i'll send you a copy of amazon's internal memo. they went down, it failed, they had a huge out an. and they said if they'd stayed with the oracle database, this wouldn't have happened. the oracle database manages most of the world's data today, ten years ago. nothing has changed. all of world's important, valuable data is in an oracle data a base. amazon won't use its own databases to run its business. so our job, so what have we done wrong, okay? so, okay, if you guys are so great, what have you done wrong? well, we didn't get our database to cloud quickly enough. so if you wanted a cloud database, you had to go to amazon for a database, and then

you're able to go to microsoft for a database. it took us a while for us to build a secure cloud. it's really hard to build a secure cloud. it took us a while. we think we're there now. we have by far and away the best database in world. nothing's close. we show a series of benchmarks where we're ten times pastor hand amazon. more importantly, we're ten times cheaper to run the same exact thing than amazon on our database. so if if you want all that security and reliability, you have to be willing to spend less. that's what we've shown in a series of benchmarks. even amazon can't move. maria: that's incredible, the fact that they're a customer, and you continue to poke them, to make -- because they're trying to get at your market share in one area, and yet they're on your database platform. >> people say oracle has no chance, amazon's going to dominate everything. you'd think one of the early customers at amazon would move, how about amazon? maria: how to you keep that

leading position? >> well, we think we have, i don't know, 10-20 year lead on amazon in databases. let me prove it. another thing, amazon uses oracle, not amazon. amazon's transprocessing data that base is called aurora. aurora is an open source database. they just picked up and they close sourced on amazon, they didn't write it. they didn't write any of it. they made it available on their cloud. well, so who owns aurora? who drops aurora? that would be oracle. it's called my sequel. that's our small open source database that they claim is their big transaction processing tata base that's going to -- database that's going to replace oracle. it's just preposterous. you know? amazon didn't even develop the amazon database. it's just a chunk of open source that we are responsible for called my sequel. my sequel does not compare with

the oracle database. there's a reason amazon uses oracle. you know who else uses oracle? is another company that hates us, sap uses oracle everywhere. sap ten years ago said i hate oracle, i'm getting off of oracle, i can't stand these guys, especially this guy that goes on tv and makes fun of us. [laughter] because we have great new database called hannah. it's awesome. well, they have all of these cloud services, you know? they have success factors. does it run on han that? oh, no, it runs on oracle. 95, 98% of everything sap does runs on oracle. a decade later they still use oracle, can't get to hannah. the oracle database beat ibm in the database business, beat microsoft in the database business. we've been in this business for 20 years constantly making our database better. now it's the world's first

autonomous system. all of sap's large customers, the e.u. actually did a study what percentage of the top hundred sap customers in europe, how many of them run the oracle database. only 99. [laughter] one actually ran ibm. so we only have 99 of 100. all of their cloud services whether it's success factors, ariba, all of these people they've been trying to get off of oracle for a decade still all run oracle. oracle's just a much better database than anyone else has. sasha no della was asked if i could have any piece of software in world, what would it be, and he said the oracle database. because it's the information age, and all world's valuable information is stored in an oracle database. maria: can you tell me back and tell me -- take me back and tell me how you've done this?

you're the godfather of technology. you're still coming up with all these info vegas, and i can see how passionate you are, you're beating everybody, and you came from such humble beginnings. grew up on south side of chicago, dropped out of college, now you have collections of cars, jets, private homes, owning the island of lanai. tell me how you did it. >> i had all the disadvantages necessary for success, you know? when you're raised on south side of chicago, you probably want to move someplace nicer. and i think be it doesn't kill ya, it makes you stronger. so i've always been very ambitious, i've always been very curious. i, you know, moved to silicon valley right after i dropped out of college, you know, got a job as a computer programmer, i learned how to program when i was in column, and i got a job and bummed around at yosemite valley teaching rock climbing

and leading river trips during my early 20s. but the way i supported myself was as a computer programmer. and i got involved with more and more interesting and complicated computer projects and decided to start my own company. maria: and then? it grew and grew and grew, and you're competitive. >> yeah. well, my original goal was to build a company of 50 people, people i enjoyed going to work with every day and people that i respected and enjoyed working with every day. it got to be a little bigger than that. we have 150,000 people inside company now. maria: and you've got 440,000 customers, 145 countries. where do you go from here? >> well, we want to make sure we beat amazon in cloud database. [laughter] maria: it's funny to o'hare you say that. very simple. >> very simple.

just like playing basketball. you know, if you're playing basketball, you want to beat the warriors. you want to win the championship. so our job, we have the best database in the world, we've got to deliver it in the context of a cloud that's as easy to use as amazon but secure. maria: don't go anywhere, more of my interview with larry ellison, the founder of oracle, when "wall street" returns. >> larry ellison doesn't shy away from politics. being a leading donor for both democratic and republican candidates. so what does the billionaire think of president trump? he tells maria when "wall street" returns. ♪ ♪ hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford.

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♪ maria: welcome back. we continue now with more of my exclusive interview with o cl cofounder -- oracle cofounder larry ellison. you were a big donor during the 2016 election. you supported marco rubio. how's president trump doing? >> well, i think the economy's doing great, so, again, i was bill clinton's second largest contributor when he ran for

office. you know? i'm neither a democrat, nor a republican. i tend to be in the middle which means very lonely -- [laughter] the country's become very polarized. maria: i would push back on that. i feel like we're all hanging out in the middle. very few of us have these monolithic views that you're all republican everything in your life or all democrat everything in your life. >> i know there are people that are very passionate on left, and there are people very, very passionate on the right. i tend to be in the dispassionate middle, you know? the kind of boring, dispassionate middle, and i thought, you know, very close friends with tony blair and bill clinton. that was called third wave back then. that was -- bill clinton was a centrist. you know, tony blair was a centrist. marco rubio's a centrist, mitt romney's a centrist. those are my politics. in terms of assessing the trump administration, i think, i think

there's style and then there's substance, and i'm not going to comment about style. but i'm very happy that the united states economy is doing well. i'm very happy we're at record low unemployment rates. there are a lot of good things that have happened. people want to assign some of the credit to ma, some -- barack obama, some to donald trump. that's their -- everyone has their own opinion. i just think it's wonderful to see the u.s. economy growing again over 4%. i think our big competitor, you know, is china, and that if we let china's economy pass us up, be we let china develop -- if we let china produce more engineers than we do, if we let china's technology companies beat our technology companies, it won't be long that our military is behind technologically also, our economy's behind technologically. we have a serious competition going on with china. i'm on team usa.

i would like us to be successful. i'd like us to develop and protect our technologies. i think we have to do that. i think we have to invest, invest in our economy and grow our economy so we can compete with the first serious, the first serious threat, if you will, first serious competitor we've had since the 1930s. maria: i couldn't agree more. and china won't even admit they've been stealing our ip for decades. so first, we've got to get them to admit it in order for them to change their behavior. and it's good that this administration has pushed back on china. >> yeah, no, i think the appropriation of our ip is a huge advantage for them. i mean, they can spend -- they've got all of our ip and all of their own ip, and there are some talented engineers in china, and they're producing at lot of them. we've got to do a better job. maria: yesterday when i was speaking about mark, i asked about the dod contract. oracle's competing for a

business with the pentagon. amazon wants it too, but google walked away. and yet they are all in on going into china and having their search engine censored. your reaction. >> well, i think, you know, it's actually kind of shocking. here jeff bezos and i absolutely agree. i think u.s. tech companies who say we will not support u.s. military, you know, we will not work on any technology that helps our military but yet goes into china and facilitates chinese government surveilling their people is pretty shocking. i think it's very important that the u.s. technology companies support our country, our government. we are a democracy . we don't like our leaders, we can throw them out. if you don't like the leaders in

china, you can fill in the blank. you know? maria: you're dealing with a dictator for life. >> yeah. xi is the most important leader in china since mao. he's now been elevated, you know, to that level. and i don't see how a company like google can say, okay, we're going to aggressively pursue business in china and stay away from doing anything with our u.s. military. i think it's a terrible miscalculation. i mean, our democracy -- and the democratic systems are in competition now with communist/socialist systems. and we'd like to see our democratic capitalist system emerge victorious in this competition versus commune bist socialist -- communist socialist system. maria: don't go anywhere, more of my interview with larry ellison, the founder of oracle, when "wall street" returns.

>> larry ellison is one of richest men on earth, but what would he be doing if he had to do it all over again? he tells maria when her exclusive interview continues on "wall street." ♪ ♪ every call is different, so the only thing that we can do to make sure that we get there safely, and that we leave that scene safely and go home at night, is train. and we train all the time in the fire service. no matter how much we train, the last thing you want in a disaster is to lose communications. without communications, we have nothing-- people get hurt. when disaster strikes, that is when your communication service can really become your lifeline. ♪ (nicki palmer) we are constantly innovating. from a dedicated lane on our network just for first responders to cell towers on wheels. we can even fly cells in drones

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♪ ♪ maria: welcome back. we continue now with more of my exclusive interview with oracle cofounder larry ellison. talk to us about what drives your giving. you've done much for be education, for cancer, cancer research. i love what you're doing on wellnesses. what drives these decisions? are these things that are just important to you, or are you, for example, wellness. >> well, health and making -- really i have a foundation, a charitable foundation where one of the slogans is cures not care. in other words, we spend a huge

amount of money caring for people who are ill rather than preventing the illnesses, supporting wellness. the money is much better spent, people are much happier not in hospital, in a healthy home with their families and that we should have programs that support wellness as opposed to, hey, we have to care for people who are sick. there'll be a lot fewer people sick if we focus on wellness. there'll be a lot fewer people sick if we focus on drug discovery and find cures for some of these terrible diseases. maria: and a moment ago you said if i had to do it again, i would choose biotech. >> i would choose biotech. maria: tell me about that. >> well, i think this is where you're going to see the most dramatic changes and dramatic new technologies being developed, will be in biotech. you will see most of the common decides, including lots and lots of cancers are becoming much more manageable. cancer's not a disease, it's a

family of diseases. a family of diseases of the dna. and we're getting better and better at managing these things and even curing them. and i think you'll see lots and lots of diseases disappear over the next 20 years. aging will be managed much better than it's been managed. that people maybe, you know, people say, well, do you think we'll live forever? i have no idea, but as they get older, they'll be much healthier, and they'll enjoy their lives for a longer period of time. so while we're around, we'll have much longer periods of health in our later years than we have right now. and all of this is very important. i also focus on the very young, on education. if we're going to bring improvements to economy in africa, we just haved to do two

things, a better job of feeding kids and educating the kids. the combination of nutrition and education many places like rural india and rural africa is, those are the two primary focuses of my philanthropic foundation. maria: are you expecting to live past 100? [laughter] i mean, do you think about that? >> i don't think about it. i usually think about, you know, next several weeks. [laughter] that's as a par -- i really pretty much live in the present. so, no, i don't think a lot about past, what i've accomplished, and i don't think a lot about what -- i'm thinking about this current project and getting it right. maria: my special thanks to larry ellison. ♪ ♪

(sfx:birds singing, distant dog barking) (sfx:footsteps in wet cement) (sfx:birds singing, distant dog barking) hi hi ♪(whistling tune: "don't worry, be happy")♪ ♪ ♪ maria: coming up next week on program, do join us, we're going to have a special program. the ceo of boeing, dennis mullen berg, is my be special guest. and i'll see you sunday morning on the fox news channel for sunday morning futures. catch the program live, 10 a.m.

eastern on sunday. plus, tune in weekdays right here on fox business at six a.m. eastern for mornings with mafia. set -- with maria. be sure to follow this program on facebook, twitter and instagram, get the latest videos and pictures from the program. that >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties

you have to see to believe. at the end of the show, i'll give you critical tips you need to know in the massi memo because information is power. and "the property man" has got you covered. thanks for joining us. i'm bob massi. one of the greatest aspects of the internet is its ability to connect people to each other. it's now changing how people use their homes, with countless sites popping up that allow you to turn your property into a short-term rental. >> it was born out of, uh, just an idea of -- of renting out a couch. it facilitates a transaction between host and travelers. and, uh, now it's just exploded. >> there's homeaway, flipkey, vrbo, roomorama, and, of course, the biggest and most well-known, airbnb. >> airbnb redefined and expanded room capacity throughout the world.

it shifted the economic models of the lodging and travel industries and tourism destinations. >> the growth of airbnb has been staggering. >> two million rooms. if you take a look at marriott, they have maybe 750,000 rooms. scaled very, very fast over a very short period of time. >> bob cox had a large shed on his desert property outside of cave creek, arizona. he decided to turn it into a rustic yet modern cabin. >> the floor is recycled pallet wood. this is a door from an industrial building in downtown phoenix. >> he tore out much of the walls and installed garage doors on both sides, which open up to completely bring the nature in. >> the concept here with the kitchen is have an open plan so that you can prepare a meal here. and your guests can sit at the stools. so you've got this interactive

indoor/outdoor kitchen. >> bob listed the cabin on airbnb and says that it's been great. >> people who've stayed here have a unique experience. they have the openness of the house. they can eat outside. >> he says so far every guest who has stayed here has been wonderful. and they have really enjoyed it. >> some of my guests say this has been the best experience of their life. it's that unique. you can go to the grocery store. you can go to the restaurants that are 5 minutes away. there's the same exposure to the area, but the privacy of being in your own space. there's a fireplace stove. there's an outdoor fire pit. there's horseshoe pits. >> the cabin provides a truly authentic and private desert getaway. >> almost everybody that's stayed here likes to hike, enjoys wildlife, enjoys the desert. >> you have an authentic experience that you're not gonna get from a hotel that's downtown.

it's out in the surrounding community. and many folks really appreciate that. >> some people just can't handle the thought of strangers living in their homes, while others embrace it. >> i'm really open to having people stay in my home because it's just stuff. it's all replaceable. >> rachel hillis and her family often rent their house out through airbnb. >> i am so thankful for this website because by opening up our home, that gives us the ability then to go and travel, which i think is key to a family. >> they have traveled all over the world, staying at other people's homes. >> one of the trips that i loved was when we went to florence as a family. we were able to rent an amazing castle for about $145 a night. we each got our own rooms. >> so how does it work? >> you have to fill out a profile. there's gonna be a list of possible places with descriptions and something about the host. and you can read through what people have posted so you feel comfortable.

>> i stayed the first time in paris using airbnb. and it was a really easy process. just clicked on, um, the map of paris and clicked where i wanted to stay. >> and there are many people out there who feel like you can't really get to experience an area by staying at a hotel. >> i can do laundry, have my own bathroom. i could open up the windows and see the neighborhood. that truly made me feel like i was in paris. >> what's really critical is trust in this whole process. >> when first meeting our visitors, we meet them at the door, show 'em around the house. >> i've had absolutely no problems. all the people have left the cabin the way they found it. >> this is our welcome book that we created, our family picture. and then a list of area foods and drink places, our favorite places to go. >> airbnb is a unique culture, i think. part of it is the way guests review the host,

and host reviews the guest. >> so it keeps it honest for both of the people. >> if you're thinking of doing this, you have to check the rules of your apartment complex, hoa, and local government laws. it's all very new. but suddenly, the laws are catching up. >> every state, every locality could be very different in terms of -- of their rules and regulations. so you really have to be on top of that. in the state of arizona, the governor recognizes that this could be a great revenue generator. but in other places, it could be up to, you know, your hoa, your city. it could be your lease agreement. >> san francisco law currently states that you can only rent out your own primary residence. airbnb recently agreed to crack down on people listing multiple homes in san francisco and said it will kick hosts off the site who turn homes into private hotels. cities like new york have banned rentals of less than 30 days

to try and crack down. like uber drivers who are suddenly caught between being a carpool and a taxicab, people now are finding themselves to almost be amateur hotel operators. >> you know, you're like a quasi-professional because you're not a business. you're not a person. you're kind of in between. so you -- you've gotta be familiar with the laws and the rules and the regulations. so the hotel competitors are just going to have to figure out how are they gonna compete. they may get into shared alternative accommodations. and the chess moves are on. >> up next, i'll take you behind the scenes of this national historic landmark that may have changed the way you live without you even knowing it, the home of legendary architect frank lloyd wright. you're headed down the highway when the guy in front slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal. you've got a good record

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>> welcome back. i'm bob massi, the property man. ask any american to name a famous architect, and i'll bet you hear only one name -- frank lloyd wright. >> considered the greatest american architect, his concepts on how we live, how homes are designed, uh, it was really revolutionary. >> wright was born in 1867 and was already working as an architect by the time he was 20. over the next 70 years, he designed pretty much anything you can think of -- residential homes, schools, churches, skyscrapers, even museums, like new york's guggenheim.

>> he started practicing in the late 1800s. and he really broke away from the traditional models. >> he really changed the way things were built and how people lived in america. >> in the 1800s, victorian homes were what wright called boxes within boxes. square house, square room. you open a door, go into the next square room. he blew all of that open. >> wright wanted buildings in the united states to have their own character, one uniquely american. so in 1937, he bought 160 acres of land in arizona and built what he called his winter camp, taliesin west, right here in scottsdale, arizona. >> he had been here in the '20s working on the arizona biltmore hotel. uh, fell in love with the desert. it was just -- for him, it was just pure geometry. the rocks of the mountain, the form of the plants. this was his laboratory. it was a place where he came and experimented with architecture. >> today it is the home of frank lloyd wright school of architecture and the

frank lloyd wright foundation. and the property itself, it's a work of art. >> wright built to the human scale. everything in the desert is low. the trees are low. um, so his buildings are low. he also uses the low ceilings to kinda push you through spaces, right, at an entrance, drop the entry real low. and that helps push you into the space. it's a little technique he called compression and release. we call this the garden room because you sit on the bench here, and it frames the view of the mountains, uh, in the distance. it captures the garden. he uses a japanese technique called the borrowed landscape. >> he lived the way he believed. and he designed the way he felt things should look. >> it almost like a seamless transition between outdoor and indoor. >> even if you didn't know what he did, it was -- from when i was a kid, frank lloyd wright, you knew this guy was an icon. and why did he become such an icon? >> well, you know, i think he was a bigger-than-life personality.

he really wanted to revolutionize the way americans lived. >> you hear about people that write music, and it's always in their mind, the lyrics and the sound. when you see the things he designed, it's gotta be the same type of genius. >> he would walk around and just create the whole building in his head. then he'd go into the drafting studio, sit down at the table, and just pour it all out. >> the entire compound sprawls over 491 acres and was constructed over a span of 20 years by wright and his apprentices. >> so this is the drafting studio. this is where the guggenheim was designed. during the depression years, he didn't have a lot of work. his wife said, "if you can't create architecture, why not create architects?" and so he started the school. when you come to taliesin to study, you're fully immersed in architecture. uh, you're living it every day. you'll see the students working in the drafting studio, uh, cooking in the kitchen, setting the dining room. and the students have been working in this space, the apprentices, uh, continually since 1932.

you know, they're learning by being completely immersed in the, uh, the buildings of taliesin and taliesin west. >> talk about immersive learning. just as they did in the beginning, the students live in the desert. instructors, they make themselves. >> when wright first came here in -- in 1938, there was nothing here. so he purchased these canvas tents for the apprentices to live in while they constructed taliesin west. as they had free time, they would expand on the tent. maybe add a wall, add a concrete floor, until it kind of grew into a shelter. and then this tradition continues on in our school. the students build their own shelters. >> we live out in the desert. and that's a way of engaging with the natural environment and knowing how to respond to the climate through architecture by living in it and being subjected to it day after day after day. >> over time, taliesin west expanded to include studios and performance spaces. he designed the music pavilion. >> music and dance were always an important part of the community. uh, this building

was constructed in 1956. the apprentices would, uh, put on a performance, open it to the public. uh, you could come up and see the show. this is the cabaret theater. after world war ii, wright, uh, in 1950 constructed the cabaret. it's built down into the ground. it's a wonderfully acoustic space. >> from any spot in the theater, you can hear even the tiniest whisper coming from on stage. >> it's all concrete. but there's no echo. and you can't design a commercial kitchen if you've never worked in a commercial kitchen. you can't design a restaurant if you've never served. so on these formal evenings that they would have, the apprentices were in charge of making the meals, serving the meals, uh, setting the, uh, tables. >> you have to understand what you're doing. and the best way to do it is just do it. the signature feel of taliesin west is desert intensified. >> he wanted taliesin west to feel like it had just grown out of the desert and it kind of had been here for all time. if you kind of look at these masonry walls, and you looked

at the floor of the desert, and you just imagine tilting up the floor, that's what these walls represent. >> taliesin west is preserved as a national historic landmark. and members of the public arrive every day for guided tours. >> we have over 100,000 visitors a year that come through and get to experience this jewel that wright created in the sonoran desert. >> up next, i received an e-mail from a couple who's been trying to buy a home in a short sell, but getting the runaround from the bank. i'll go meet with them, next. i am a family man.

i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome.

>> welcome back. i'm bob massi, the property man. i received a letter from a couple named noreen and shawn in tucson, arizona. nearly a year ago, they put in an offer on a house that is listed for a short sell. >> it's a property i used to play when i was a -- a child, 7, 8 years old. >> lot of memories. >> lot of memories. >> lot of good memories. >> yes. >> the property that they want was bought by the current owner in 2006 for $600,000, right before the housing market collapsed. it's now worth just a little over half that. >> he had a situation, losing his job. so they tried everything they could to keep the property. but they realized how much we care about it,

and that we're gonna take care of it. >> now, to your knowledge, when was the -- i understand that they vacated the property. how long ago? >> goin' on 2 years. >> they haven't even made payments for a couple years? >> correct. >> the home has been empty for 2 years and is slowly falling apart. >> it's dilapidated. there is no landscaping. >> it's horrible. >> mother earth has taken over, if you will. >> now a short sell is when you're selling a piece of property for a value less than what's owed. chase bank serviced the mortgage. but the actual note was owned by fannie mae. noreen and shawn put in an offer. but the same day, the note was sold. >> at which time, when fannie mae realized they made a mistake, there was an offer on the table. they had to buy it back. >> and over the course of a few months, noreen and shawn went back and forth to the bank with offers and counteroffers. >> so much frustration. lot of emotions. >> we're -- we're just a --

a -- a piece of paper on somebody's desk. they don't know us. they don't care about us. >> finally, an offer was accepted. but the same day noreen and shawn sent in their signed paperwork, the note was sold yet again. >> the owner accepted it. we accepted it. we all signed on it. the bank didn't. at which time, they sold it again. it's been, uh, an emotional roller-coaster. we have storage units full. we're -- we're ready to go. and, uh, this house, this note, the piece of paper just gets shifted from, uh, financial institution to another one to another one. >> even though the seller agreed to their offer, it still has to be proved by the new holder of the note. the seller really wants you to have this property. >> because he knows i'm passionate about this property. >> because of the history of it. >> because of the history. he knows i'll take care of it. he's a great guy. >> here's a perfect example of two people who've had a meeting of the minds, the seller and the buyer.

you're willing to pay. he's willing to sell. but in this situation, we have a third party involved, which is why the short sell process is so frustrating. >> we've been in this process for 7 months now. >> so in 7 months, you've literally had three servicers of this loan... >> yes. >> ...that you've had to try to negotiate with. >> yes. >> correct. >> there's also a second mortgage and a judgment on the property. >> the judgment they've negotiated with. they're willin' to go away for a sum of money. >> okay. >> they're gonna have to negotiate with the second. they don't seem to be budging. >> even if the second mortgage decides and says, "we'll take $10,000 to write it off." let's say they owe 200,000. the big issue for the seller is, will that first and second mortgage waive the balance as what's owed on that property? remember, on a short sell, assuming the lender agrees to sell the property for less than what's owed, the key for the seller

is that deficiency, the difference between the actual value received and the money owed is what you wanna have waived. it's the second mortgage that has many times caused the problem. so if -- if they accept it, and they waive, you got a deal. then you close escrow. and life is good. you get the property. the seller walks away from the debt. and that's it. if, on the other hand, the answer's no, the answer is no. >> right. >> and the frustrating part for so many americans that went through this process is they saw a ready, able, willing buyer that made a good offer on that property. the lender turned it down, foreclosed on the property, and sold it for less than what the offer was in a short sell. don't even ask me to explain why and how. it makes no sense. >> my vision is a wraparound porch around the whole thing. this house could be so beautiful. >> i can feel the emotion

in your voice. and i don't know how you walk away from this and -- and how you're dealing with the idea that you may not get this. >> i'll get it. it saddens me every day that i drive by this property, knowin' it's not bein' taken care of, bob. if you come back in a year or 18 months, after i'm in here, you wouldn't believe your eyes. >> we're going to follow shawn and noreen's story. and we'll let you know if they're ever able to get this property. hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. at's a cheit's chevy! that's right. from the family of the most dependable, longest-lasting full-size pickups on the road. gorgeous. chevy hit it out of the ballpark with these.

cuz, um, i thought that was what i needed to do. we got our orders to go overseas and i went to baghdad, iraq. we were transporting a bomb sniffing dog to the polling stations. we rolled over two anti-tank mines, it blew my humvee up, killed my sergeant. after the explosion, i suffered a closed head injury, um, traumatic brain injury, loss of a limb, burns to 60% of my body. when the doctors told me i reached my plateau, i did not want to hear that because i do not believe i have a plateau. so, i had to prove 'em wrong, which i am doing to this day and i will still do until the end of my days. i've gotten to where i am at because of my family.

and, the wounded warrior project has helped me more than i can ever imagine. they have really been there to support me in my endeavors. my number one goal, basically, is to get close to where i was. i am more than ready to work hard to get to that goal. i am living proof to never give up and i will never give up.

it was his first house he bought in texas. his mother flew down to help him set up the house. and when they were in the kitchen, john's mom said, "you know, this kitchen's very dark. what's the story?" so they started walkin' around the house. there's two windows on the outside part of the house that was covered with bricks. and the inside of the house, where the kitchen is, the cabinets covered up the windows. what's amazing is, probably in his excitement of buying a home for the first time, and it happens to all of us, they never saw it. so we're starting a new segment on "the property man" called property bloopers. so send us your pictures of any property bloopers to propertyman@foxnews.com. can't wait to see them. that's all the time we have for today. be sure to send me your property stories, questions, or pictures of your property bloopers. send them to...

and don't forget to check us out on facebook and twitter. there's also plenty more information and videos on our website... >> this is a welcome return to more of what america is capable of. we may not always maintain a 4% growth as you know depending on the condition. there are worries this economy could be as god as it gets, and that is weighing on stock this is morning and all month but another major week for earn on tap it facebook and apple among those earning. >> nasdaq in e premarket only index that is higher by 7.5% but dow down 58 in premarket and s&p is down four and quarter. red arrows plol a rough week with dow down 3% and s&p and naaqow