Menu

Home › Forums › Housing › Seen on Hwy 76: OPEN HOUSE, Price reduced $200k

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • August 13, 2006 at 9:00 PM #7196
    mydogsarelazy
    Participant

    Hello Everyone,

    Today, traveling west on Hwy 76 near Oceanside, I saw a sign that said “OPEN HOUSE Price reduced $200k.”

    Things are very different than last year, aren’t they?

    Across the street I had a chance to chat with the broker who is handling the bank repo now offered for sale. He told me he has four repos now for sale, no interest in any of them yet. They all were purchased in late 2004, early 2005 with interest only ARM loans.

    JS

    August 14, 2006 at 9:52 AM #31871
    barnaby33
    Participant

    When you say across the street, do you mean from your residence, or the reduced 200k house?

    I suppose its not super important but the clustering of such reductions is a real curiosity to me. Its something Rich touched on about a year ago.

    Josh

    August 14, 2006 at 10:26 AM #31876
    anxvariety
    Participant

    I saw some roadside spam on 76 for a site called DumpingCondos.com

    🙂 Haven’t checked it out yet…

    August 14, 2006 at 10:36 AM #31877
    mydogsarelazy
    Participant

    Sorry for the confusion….

    The repo is across the street from me in Murrieta. The broker is handling three repos in Murrieta/Temecula and one in Escondido.

    JS

    August 14, 2006 at 3:13 PM #31888
    contentrenter
    Participant

    I don’t remember what Rich said — what’s the deal with clustering?

    August 14, 2006 at 6:32 PM #31894
    barnaby33
    Participant

    I’ll let Rich respond to that! Ok so I will make an attempt to find that article.

    Josh

  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.