What's the scoop on Lago Di Grata

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Submitted by flu on July 13, 2009 - 7:03pm

Hi,

i saw this one awhile ago. But checking it's still contigent.

http://www.sdlookup.com/MLS-090012625-39...

Seems like it's been 136 days and ticking. Anyone have any details on this home?

Submitted by jpinpb on July 13, 2009 - 7:28pm.

All I know is the three places he owns have NODs. Two of them are LDG. There's a little bit of distress as I posted here on this street.

Submitted by flu on July 29, 2009 - 10:56pm.

Bump...

Looks like this went from contigent back to active....
Any RE agents know if this fell out of escrow or something...

http://www.sdlookup.com/MLS-090042375-39...

(short sales)

Submitted by SD Realtor on July 30, 2009 - 12:41am.

Never made it into escrow. Probably lost his buyer so they need another offer to send into the lender.

Submitted by sdrealtor on July 30, 2009 - 9:02am.

mostly likely means buyer got tired of waiting and moved on. time for a new offer

Submitted by flu on July 30, 2009 - 9:22am.

So hypothetical situation.

Is there really any harm in me submitting a $600-$650k low ball, besides seller agent laughing their asses off. I mean, I know it's totally unrealistic but then again, I really don't mind waiting for it to go through a short sales process only for it to be rejected if that happens (not like I'm really *need* to buy)...aside from wasting my agent's and possibly the seller's agent's time.

Submitted by SD Realtor on July 30, 2009 - 12:29pm.

submitting a new package to the lender is a chore. the listing agent will hold on to your offer and not submit it unless they dont receive anything better in the next several weeks. However absolutely nothing holding you back from submitting.

Submitted by jpinpb on July 30, 2009 - 2:22pm.

I would try, flu. Remember the one on Chambord got a good deal. You got nothing to lose and the worst that can happen is they say no.

Submitted by newcomer on July 30, 2009 - 2:56pm.

What was the Chambord deal, JP?

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