- This topic has 8 replies, 4 voices, and was last updated 16 years, 11 months ago by bsrsharma.
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October 12, 2007 at 7:15 AM #10586October 12, 2007 at 7:31 AM #88356SD RealtorParticipant
Jimmy remember our friend on Penara?
SD Realtor
October 12, 2007 at 7:31 AM #88362SD RealtorParticipantJimmy remember our friend on Penara?
SD Realtor
October 12, 2007 at 7:38 AM #88359HLSParticipantThe 2nd one is a short sale with the range pricing. It doesn’t mean that the lender will accept a low offer.
Most short sales don’t happen. It can take weeks to get a response from the lender. It’s a slow process, and some sellers have been misled into thinking that they can do a short sale.
If you have assets, it’s not considered a hardship.
The lender isn’t a partner in the property, and it had gone up, they aren’t in for any part of the rise, but they are exposed to the loss.Nobody knows how low prices will go. Many buyers will jump in way too early, but there is still a long way to go before we hit rock bottom. Each area will be different.
The end of next year is a good target, but I don’t think the bottom will be hit yet.October 12, 2007 at 7:38 AM #88365HLSParticipantThe 2nd one is a short sale with the range pricing. It doesn’t mean that the lender will accept a low offer.
Most short sales don’t happen. It can take weeks to get a response from the lender. It’s a slow process, and some sellers have been misled into thinking that they can do a short sale.
If you have assets, it’s not considered a hardship.
The lender isn’t a partner in the property, and it had gone up, they aren’t in for any part of the rise, but they are exposed to the loss.Nobody knows how low prices will go. Many buyers will jump in way too early, but there is still a long way to go before we hit rock bottom. Each area will be different.
The end of next year is a good target, but I don’t think the bottom will be hit yet.October 12, 2007 at 7:52 AM #88363jimmyleParticipantSD Realtor,
Yeah, I am still watching the Penara house. Doesn’t look like it will go any where soon.
October 12, 2007 at 7:52 AM #88370jimmyleParticipantSD Realtor,
Yeah, I am still watching the Penara house. Doesn’t look like it will go any where soon.
October 12, 2007 at 7:52 AM #88366bsrsharmaParticipantwill they go for $300K at the end of next year?
My guess is yes; Sub $300K but before Dec 2008.
October 12, 2007 at 7:52 AM #88372bsrsharmaParticipantwill they go for $300K at the end of next year?
My guess is yes; Sub $300K but before Dec 2008.
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