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May 15, 2008 at 10:34 AM #12744May 15, 2008 at 10:44 AM #204682
Ex-SD
ParticipantA couple of excerpts from the article:
“Nationwide, from 2006 to 2007, the number of foreclosed properties listed at $1 million or more rose 50 percent, to 7,642, up from 5,091, according to RealtyTrac. And the number of foreclosed homes priced from $500,000 to $999,999 jumped 88 percent, from 52,836 to 99,457.”
Real estate agents said this was only the beginning for luxury home foreclosures.
“We’re going to be back to the prices we were at 15 years ago,” said Bill Milletary, an agent with Century 21 Redwood Realty.
May 15, 2008 at 10:44 AM #204813ParticipantA couple of excerpts from the article:
“Nationwide, from 2006 to 2007, the number of foreclosed properties listed at $1 million or more rose 50 percent, to 7,642, up from 5,091, according to RealtyTrac. And the number of foreclosed homes priced from $500,000 to $999,999 jumped 88 percent, from 52,836 to 99,457.”
Real estate agents said this was only the beginning for luxury home foreclosures.
“We’re going to be back to the prices we were at 15 years ago,” said Bill Milletary, an agent with Century 21 Redwood Realty.
May 15, 2008 at 10:44 AM #204728ParticipantA couple of excerpts from the article:
“Nationwide, from 2006 to 2007, the number of foreclosed properties listed at $1 million or more rose 50 percent, to 7,642, up from 5,091, according to RealtyTrac. And the number of foreclosed homes priced from $500,000 to $999,999 jumped 88 percent, from 52,836 to 99,457.”
Real estate agents said this was only the beginning for luxury home foreclosures.
“We’re going to be back to the prices we were at 15 years ago,” said Bill Milletary, an agent with Century 21 Redwood Realty.
May 15, 2008 at 10:44 AM #204758ParticipantA couple of excerpts from the article:
“Nationwide, from 2006 to 2007, the number of foreclosed properties listed at $1 million or more rose 50 percent, to 7,642, up from 5,091, according to RealtyTrac. And the number of foreclosed homes priced from $500,000 to $999,999 jumped 88 percent, from 52,836 to 99,457.”
Real estate agents said this was only the beginning for luxury home foreclosures.
“We’re going to be back to the prices we were at 15 years ago,” said Bill Milletary, an agent with Century 21 Redwood Realty.
May 15, 2008 at 10:44 AM #204781ParticipantA couple of excerpts from the article:
“Nationwide, from 2006 to 2007, the number of foreclosed properties listed at $1 million or more rose 50 percent, to 7,642, up from 5,091, according to RealtyTrac. And the number of foreclosed homes priced from $500,000 to $999,999 jumped 88 percent, from 52,836 to 99,457.”
Real estate agents said this was only the beginning for luxury home foreclosures.
“We’re going to be back to the prices we were at 15 years ago,” said Bill Milletary, an agent with Century 21 Redwood Realty.
May 15, 2008 at 10:45 AM #204687raptorduck
ParticipantI have noticed an increase in short sales, preforclosures, and forclosures in RSF for while now. I have even put an offer in on a forclosure and a short sale in recent months. I am also contacting slect owners in preforclosure.
There one house in RSF I would never buy, but that I have been watching do the price roller coaster ride for quite a while as it lists, relists, and obviously as the bank approves or reapproves a short sale price as it heads into forclosure. I toured this house last year and then it dissapeared and came back on the market at $700k more than it was when I toured it, then dropped to $500k more, then right up to $700k more again. Quite entertaining.
May 15, 2008 at 10:45 AM #204819ParticipantI have noticed an increase in short sales, preforclosures, and forclosures in RSF for while now. I have even put an offer in on a forclosure and a short sale in recent months. I am also contacting slect owners in preforclosure.
There one house in RSF I would never buy, but that I have been watching do the price roller coaster ride for quite a while as it lists, relists, and obviously as the bank approves or reapproves a short sale price as it heads into forclosure. I toured this house last year and then it dissapeared and came back on the market at $700k more than it was when I toured it, then dropped to $500k more, then right up to $700k more again. Quite entertaining.
May 15, 2008 at 10:45 AM #204734ParticipantI have noticed an increase in short sales, preforclosures, and forclosures in RSF for while now. I have even put an offer in on a forclosure and a short sale in recent months. I am also contacting slect owners in preforclosure.
There one house in RSF I would never buy, but that I have been watching do the price roller coaster ride for quite a while as it lists, relists, and obviously as the bank approves or reapproves a short sale price as it heads into forclosure. I toured this house last year and then it dissapeared and came back on the market at $700k more than it was when I toured it, then dropped to $500k more, then right up to $700k more again. Quite entertaining.
May 15, 2008 at 10:45 AM #204786ParticipantI have noticed an increase in short sales, preforclosures, and forclosures in RSF for while now. I have even put an offer in on a forclosure and a short sale in recent months. I am also contacting slect owners in preforclosure.
There one house in RSF I would never buy, but that I have been watching do the price roller coaster ride for quite a while as it lists, relists, and obviously as the bank approves or reapproves a short sale price as it heads into forclosure. I toured this house last year and then it dissapeared and came back on the market at $700k more than it was when I toured it, then dropped to $500k more, then right up to $700k more again. Quite entertaining.
May 15, 2008 at 10:45 AM #204764ParticipantI have noticed an increase in short sales, preforclosures, and forclosures in RSF for while now. I have even put an offer in on a forclosure and a short sale in recent months. I am also contacting slect owners in preforclosure.
There one house in RSF I would never buy, but that I have been watching do the price roller coaster ride for quite a while as it lists, relists, and obviously as the bank approves or reapproves a short sale price as it heads into forclosure. I toured this house last year and then it dissapeared and came back on the market at $700k more than it was when I toured it, then dropped to $500k more, then right up to $700k more again. Quite entertaining.
May 15, 2008 at 10:57 AM #204796cv2
ParticipantSame thing is happening in the Hamptons
http://www.nypost.com/seven/05122008/news/regionalnews/trouble_in_li_paradise_110497.htm
May 15, 2008 at 10:57 AM #204830ParticipantSame thing is happening in the Hamptons
http://www.nypost.com/seven/05122008/news/regionalnews/trouble_in_li_paradise_110497.htm
May 15, 2008 at 10:57 AM #204774ParticipantSame thing is happening in the Hamptons
http://www.nypost.com/seven/05122008/news/regionalnews/trouble_in_li_paradise_110497.htm
May 15, 2008 at 10:57 AM #204744ParticipantSame thing is happening in the Hamptons
http://www.nypost.com/seven/05122008/news/regionalnews/trouble_in_li_paradise_110497.htm
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