[quote=UCGal] . . . Next you’ll be saying that an owner that needs to sell quickly because of a job relo is artificially undervaluing the market.[/quote]
UCGal, a “relo” is not an “artificial sold comp” if the seller’s mtg(s) were paid in full at COE. It doesn’t matter what the “reason” is for sale.
It is the sold comps created by (out of area?) ignorant first TD lenders in CA who allow themselves to be talked into taking 50 cents on the dollar in a SS, enabling these deadbeat “debtor-sellers” to drive off into the sunset in their *new* vehicles (paid for with “home equity”) that I have a problem with. These flagrant overspenders just left behind a passel of stunned neighbors picking up the pieces of the ramifications of their *new* lowest-of-the-low sold comp they must now contend with!
