- This topic has 20 replies, 4 voices, and was last updated 14 years, 8 months ago by
SD Realtor.
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March 26, 2010 at 11:47 AM #17269March 26, 2010 at 12:39 PM #531675
briansd1
GuestNot surprised.
Like i said before, if short sales are easily approved, there will be all kinds of related party sales which will cause prices to drop further.
If the seller or agent can controls who the house is sold to, it’s easy to engineer a sale to a friend, business partner, relative, etc…
And even if short sales are not so easily approved, it’s worth an attempt. You don’t know until you ask for it.
March 26, 2010 at 12:39 PM #532612GuestNot surprised.
Like i said before, if short sales are easily approved, there will be all kinds of related party sales which will cause prices to drop further.
If the seller or agent can controls who the house is sold to, it’s easy to engineer a sale to a friend, business partner, relative, etc…
And even if short sales are not so easily approved, it’s worth an attempt. You don’t know until you ask for it.
March 26, 2010 at 12:39 PM #531804GuestNot surprised.
Like i said before, if short sales are easily approved, there will be all kinds of related party sales which will cause prices to drop further.
If the seller or agent can controls who the house is sold to, it’s easy to engineer a sale to a friend, business partner, relative, etc…
And even if short sales are not so easily approved, it’s worth an attempt. You don’t know until you ask for it.
March 26, 2010 at 12:39 PM #532352GuestNot surprised.
Like i said before, if short sales are easily approved, there will be all kinds of related party sales which will cause prices to drop further.
If the seller or agent can controls who the house is sold to, it’s easy to engineer a sale to a friend, business partner, relative, etc…
And even if short sales are not so easily approved, it’s worth an attempt. You don’t know until you ask for it.
March 26, 2010 at 12:39 PM #532254GuestNot surprised.
Like i said before, if short sales are easily approved, there will be all kinds of related party sales which will cause prices to drop further.
If the seller or agent can controls who the house is sold to, it’s easy to engineer a sale to a friend, business partner, relative, etc…
And even if short sales are not so easily approved, it’s worth an attempt. You don’t know until you ask for it.
March 26, 2010 at 12:44 PM #5322641stimebuy
Participanthttp://www.redfin.com/CA/San-Diego/11153-Avenida-De-Los-Lobos-92127/home/4669489
You mean this one huh?
My agent was perplexed about this listing too…oh… this is 92127… 🙁
March 26, 2010 at 12:44 PM #532622Participanthttp://www.redfin.com/CA/San-Diego/11153-Avenida-De-Los-Lobos-92127/home/4669489
You mean this one huh?
My agent was perplexed about this listing too…oh… this is 92127… 🙁
March 26, 2010 at 12:44 PM #532362Participanthttp://www.redfin.com/CA/San-Diego/11153-Avenida-De-Los-Lobos-92127/home/4669489
You mean this one huh?
My agent was perplexed about this listing too…oh… this is 92127… 🙁
March 26, 2010 at 12:44 PM #531814Participanthttp://www.redfin.com/CA/San-Diego/11153-Avenida-De-Los-Lobos-92127/home/4669489
You mean this one huh?
My agent was perplexed about this listing too…oh… this is 92127… 🙁
March 26, 2010 at 12:44 PM #531685Participanthttp://www.redfin.com/CA/San-Diego/11153-Avenida-De-Los-Lobos-92127/home/4669489
You mean this one huh?
My agent was perplexed about this listing too…oh… this is 92127… 🙁
March 26, 2010 at 2:22 PM #531901sdrealtor
ParticipantSD R
Actually the DRE just came out with a memo specifically coming down against these types of transactions. I will email you a copy of it. I forwarded it to an investor that was doing these types of transactions (NOT WITH ME!) and as soon as he saw it he cancelled all the transactions he is currently involved in. It scared him silly. Hopefully the new rules/regs will have some teeth in preventing this. Ch3eck your email, its on the way.
You may want to forward a copy to that listing agent.
March 26, 2010 at 2:22 PM #532353ParticipantSD R
Actually the DRE just came out with a memo specifically coming down against these types of transactions. I will email you a copy of it. I forwarded it to an investor that was doing these types of transactions (NOT WITH ME!) and as soon as he saw it he cancelled all the transactions he is currently involved in. It scared him silly. Hopefully the new rules/regs will have some teeth in preventing this. Ch3eck your email, its on the way.
You may want to forward a copy to that listing agent.
March 26, 2010 at 2:22 PM #532449ParticipantSD R
Actually the DRE just came out with a memo specifically coming down against these types of transactions. I will email you a copy of it. I forwarded it to an investor that was doing these types of transactions (NOT WITH ME!) and as soon as he saw it he cancelled all the transactions he is currently involved in. It scared him silly. Hopefully the new rules/regs will have some teeth in preventing this. Ch3eck your email, its on the way.
You may want to forward a copy to that listing agent.
March 26, 2010 at 2:22 PM #531772ParticipantSD R
Actually the DRE just came out with a memo specifically coming down against these types of transactions. I will email you a copy of it. I forwarded it to an investor that was doing these types of transactions (NOT WITH ME!) and as soon as he saw it he cancelled all the transactions he is currently involved in. It scared him silly. Hopefully the new rules/regs will have some teeth in preventing this. Ch3eck your email, its on the way.
You may want to forward a copy to that listing agent.
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