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  • April 22, 2008 at 5:21 PM #12531
    farbet
    Participant

    Was visiting SEH this weekend.
    Richmond homes have dropped their prices in Luminara and Atherton in mid 5’s and 6’s respectively.Over $6000.00 in Mello Roos.The women in the sales office were trying to avoid the question.How much is the MRoos?
    Moving along to ANTILLA,ECLIPSE,HORIZON And ORION on the other side of San Elijio road,in the Meridian especilaly. These streets with tight yards
    have about 6 REOS and 3 NOT,NOD’.
    A realtor was visiting one at 857 Orion. He claimed that there was 9 offers on it.Mello roos was $5400
    OC Renter of Jim the realtor could follow up on whats happening here.

    April 22, 2008 at 6:41 PM #192773
    sdrealtor
    Participant

    SEH is on fire! Every short sale or REO is getting pounded with offers from well qualified buyers. I know several very good agents with buyers trying to get something there and they have plenty of competition. The market seems to be very strong right now for newer homes over 2500 sq ft between 500 and 700K in SEH. Meloo Roos doesnt seem to be scaring buyers off.

    April 22, 2008 at 6:41 PM #192801
    sdrealtor
    Participant

    SEH is on fire! Every short sale or REO is getting pounded with offers from well qualified buyers. I know several very good agents with buyers trying to get something there and they have plenty of competition. The market seems to be very strong right now for newer homes over 2500 sq ft between 500 and 700K in SEH. Meloo Roos doesnt seem to be scaring buyers off.

    April 22, 2008 at 6:41 PM #192829
    sdrealtor
    Participant

    SEH is on fire! Every short sale or REO is getting pounded with offers from well qualified buyers. I know several very good agents with buyers trying to get something there and they have plenty of competition. The market seems to be very strong right now for newer homes over 2500 sq ft between 500 and 700K in SEH. Meloo Roos doesnt seem to be scaring buyers off.

    April 22, 2008 at 6:41 PM #192845
    sdrealtor
    Participant

    SEH is on fire! Every short sale or REO is getting pounded with offers from well qualified buyers. I know several very good agents with buyers trying to get something there and they have plenty of competition. The market seems to be very strong right now for newer homes over 2500 sq ft between 500 and 700K in SEH. Meloo Roos doesnt seem to be scaring buyers off.

    April 22, 2008 at 6:41 PM #192890
    sdrealtor
    Participant

    SEH is on fire! Every short sale or REO is getting pounded with offers from well qualified buyers. I know several very good agents with buyers trying to get something there and they have plenty of competition. The market seems to be very strong right now for newer homes over 2500 sq ft between 500 and 700K in SEH. Meloo Roos doesnt seem to be scaring buyers off.

    April 22, 2008 at 7:13 PM #192793
    blahblahblah
    Participant

    Meloo Roos doesnt seem to be scaring buyers off.

    Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.

    April 22, 2008 at 7:13 PM #192821
    blahblahblah
    Participant

    Meloo Roos doesnt seem to be scaring buyers off.

    Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.

    April 22, 2008 at 7:13 PM #192850
    blahblahblah
    Participant

    Meloo Roos doesnt seem to be scaring buyers off.

    Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.

    April 22, 2008 at 7:13 PM #192864
    blahblahblah
    Participant

    Meloo Roos doesnt seem to be scaring buyers off.

    Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.

    April 22, 2008 at 7:13 PM #192910
    blahblahblah
    Participant

    Meloo Roos doesnt seem to be scaring buyers off.

    Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.

    April 22, 2008 at 8:23 PM #192828
    farbet
    Participant

    If I live in a house in SEH for 6 years.on a 650K house
    6 times $6000 mello Roos = 36,000. Probably get about 2%or $12,000 in equity in these 6 years,if I am lucky.Bad investment.

    So what happens to those tredding water and upside down, as they see the bank owned signs appear on lawns on Horizon Ct and Orion and Antilla.
    Do they just walk away?

    Are Walkaways on the rise?Does anyone know someone who walked away?.

    2003-2007 will long be remembered.Similar conditions will never come again. We will speak about it as we speak about the great depression folks.

    April 22, 2008 at 8:23 PM #192857
    farbet
    Participant

    If I live in a house in SEH for 6 years.on a 650K house
    6 times $6000 mello Roos = 36,000. Probably get about 2%or $12,000 in equity in these 6 years,if I am lucky.Bad investment.

    So what happens to those tredding water and upside down, as they see the bank owned signs appear on lawns on Horizon Ct and Orion and Antilla.
    Do they just walk away?

    Are Walkaways on the rise?Does anyone know someone who walked away?.

    2003-2007 will long be remembered.Similar conditions will never come again. We will speak about it as we speak about the great depression folks.

    April 22, 2008 at 8:23 PM #192884
    farbet
    Participant

    If I live in a house in SEH for 6 years.on a 650K house
    6 times $6000 mello Roos = 36,000. Probably get about 2%or $12,000 in equity in these 6 years,if I am lucky.Bad investment.

    So what happens to those tredding water and upside down, as they see the bank owned signs appear on lawns on Horizon Ct and Orion and Antilla.
    Do they just walk away?

    Are Walkaways on the rise?Does anyone know someone who walked away?.

    2003-2007 will long be remembered.Similar conditions will never come again. We will speak about it as we speak about the great depression folks.

    April 22, 2008 at 8:23 PM #192900
    farbet
    Participant

    If I live in a house in SEH for 6 years.on a 650K house
    6 times $6000 mello Roos = 36,000. Probably get about 2%or $12,000 in equity in these 6 years,if I am lucky.Bad investment.

    So what happens to those tredding water and upside down, as they see the bank owned signs appear on lawns on Horizon Ct and Orion and Antilla.
    Do they just walk away?

    Are Walkaways on the rise?Does anyone know someone who walked away?.

    2003-2007 will long be remembered.Similar conditions will never come again. We will speak about it as we speak about the great depression folks.

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