Exactly the sort of person who shouldn’t be allowed to benefit from a short sale …
[quote]
In July 2005, while predicting a 15% gain in Orange County home prices, real estate prognosticator Gary Watts put about $77,000 down and bought a $765,000 rental home in Rancho Santa Margarita.
At first, he was pleased with the deal. A year later, the home’s value had jumped at least 8% to around $825,000 or more.
Today, however, Watts has defaulted on the home’s loan after the price dropped 22% from that original sale price. He’s currently in escrow, seeking his lender’s approval to sell it for nearly $93,000 less than he owes on it.
“I can make the payments. That’s not the issue. It’s a business decision,” Watts said. “I tried to work with the lender. The lender didn’t help. They said, go ahead, do a short sale. It’s strictly business.”
[/quote]
Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!
Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!
Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!
Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!
Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!
