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Home › Forums › Housing › 11540 Edgewood Pl in Stoneridge closed for $1.23M?

Viewing 15 posts - 61 through 75 (of 106 total)
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  • January 12, 2010 at 9:17 PM #502492
    kcal09
    Participant

    The sales office at “Serenity” is claiming that sales are brisk and that a new phase was just released. The prices have not come down significantly and I wonder who is buying these homes for close to $1 million AND paying $500 MR every month…
    Any thoughts?

    January 12, 2010 at 10:52 PM #501639
    sdrealtor
    Participant

    Hate to state the obvious but people with more money than you and I.

    January 12, 2010 at 10:52 PM #501785
    sdrealtor
    Participant

    Hate to state the obvious but people with more money than you and I.

    January 12, 2010 at 10:52 PM #502186
    sdrealtor
    Participant

    Hate to state the obvious but people with more money than you and I.

    January 12, 2010 at 10:52 PM #502279
    sdrealtor
    Participant

    Hate to state the obvious but people with more money than you and I.

    January 12, 2010 at 10:52 PM #502528
    sdrealtor
    Participant

    Hate to state the obvious but people with more money than you and I.

    January 12, 2010 at 11:22 PM #501650
    Echoooo
    Participant

    what is a trustee auction? How can one be in the auction? Does it require cash purchase?

    January 12, 2010 at 11:22 PM #501794
    Echoooo
    Participant

    what is a trustee auction? How can one be in the auction? Does it require cash purchase?

    January 12, 2010 at 11:22 PM #502195
    Echoooo
    Participant

    what is a trustee auction? How can one be in the auction? Does it require cash purchase?

    January 12, 2010 at 11:22 PM #502289
    Echoooo
    Participant

    what is a trustee auction? How can one be in the auction? Does it require cash purchase?

    January 12, 2010 at 11:22 PM #502538
    Echoooo
    Participant

    what is a trustee auction? How can one be in the auction? Does it require cash purchase?

    January 13, 2010 at 8:01 AM #501685
    UCGal
    Participant

    [quote=wanttobuy]what is a trustee auction? How can one be in the auction? Does it require cash purchase?[/quote]

    Trustee auction is the foreclosure sale at the courthouse steps. Yes, it’s all cash. There is risk involved since you are not guaranteed clear title as you would be in an escrow situation. You can’t do any conditional inspections and get out of the deal. The bank that is foreclosing sets the opening bid – some are set nice and low, others pretty high.

    The risk has kept me out of this – but the rewards *can* be great. I’m still watching for a good rental property… It seems like it would be easier to get a positive cash flow property this way than in a traditional sale. The idea is an interesting one.

    Anyone can go to trustee auctions – they are at the various courthouses, on the steps, at 10am each work day. You can get a list of upcoming auctions on fidelityasap.com… but they don’t always post the opening bid before the auction.

    January 13, 2010 at 8:01 AM #501829
    UCGal
    Participant

    [quote=wanttobuy]what is a trustee auction? How can one be in the auction? Does it require cash purchase?[/quote]

    Trustee auction is the foreclosure sale at the courthouse steps. Yes, it’s all cash. There is risk involved since you are not guaranteed clear title as you would be in an escrow situation. You can’t do any conditional inspections and get out of the deal. The bank that is foreclosing sets the opening bid – some are set nice and low, others pretty high.

    The risk has kept me out of this – but the rewards *can* be great. I’m still watching for a good rental property… It seems like it would be easier to get a positive cash flow property this way than in a traditional sale. The idea is an interesting one.

    Anyone can go to trustee auctions – they are at the various courthouses, on the steps, at 10am each work day. You can get a list of upcoming auctions on fidelityasap.com… but they don’t always post the opening bid before the auction.

    January 13, 2010 at 8:01 AM #502230
    UCGal
    Participant

    [quote=wanttobuy]what is a trustee auction? How can one be in the auction? Does it require cash purchase?[/quote]

    Trustee auction is the foreclosure sale at the courthouse steps. Yes, it’s all cash. There is risk involved since you are not guaranteed clear title as you would be in an escrow situation. You can’t do any conditional inspections and get out of the deal. The bank that is foreclosing sets the opening bid – some are set nice and low, others pretty high.

    The risk has kept me out of this – but the rewards *can* be great. I’m still watching for a good rental property… It seems like it would be easier to get a positive cash flow property this way than in a traditional sale. The idea is an interesting one.

    Anyone can go to trustee auctions – they are at the various courthouses, on the steps, at 10am each work day. You can get a list of upcoming auctions on fidelityasap.com… but they don’t always post the opening bid before the auction.

    January 13, 2010 at 8:01 AM #502324
    UCGal
    Participant

    [quote=wanttobuy]what is a trustee auction? How can one be in the auction? Does it require cash purchase?[/quote]

    Trustee auction is the foreclosure sale at the courthouse steps. Yes, it’s all cash. There is risk involved since you are not guaranteed clear title as you would be in an escrow situation. You can’t do any conditional inspections and get out of the deal. The bank that is foreclosing sets the opening bid – some are set nice and low, others pretty high.

    The risk has kept me out of this – but the rewards *can* be great. I’m still watching for a good rental property… It seems like it would be easier to get a positive cash flow property this way than in a traditional sale. The idea is an interesting one.

    Anyone can go to trustee auctions – they are at the various courthouses, on the steps, at 10am each work day. You can get a list of upcoming auctions on fidelityasap.com… but they don’t always post the opening bid before the auction.

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