Home › Forums › Closed Forums › Properties or Areas › 13348 Shadetree Ct
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February 8, 2008 at 7:41 PM #150514February 8, 2008 at 8:21 PM #150160jpinpbParticipant
If you pick up that place for 600k less, you better invite me over for your pool party. π
I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.
I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.
If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.
It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.
If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.
February 8, 2008 at 8:21 PM #150418jpinpbParticipantIf you pick up that place for 600k less, you better invite me over for your pool party. π
I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.
I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.
If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.
It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.
If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.
February 8, 2008 at 8:21 PM #150432jpinpbParticipantIf you pick up that place for 600k less, you better invite me over for your pool party. π
I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.
I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.
If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.
It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.
If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.
February 8, 2008 at 8:21 PM #150446jpinpbParticipantIf you pick up that place for 600k less, you better invite me over for your pool party. π
I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.
I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.
If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.
It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.
If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.
February 8, 2008 at 8:21 PM #150519jpinpbParticipantIf you pick up that place for 600k less, you better invite me over for your pool party. π
I’ll tell you I just don’t see that place going for any less that 1.1 mil, what the guy paid for it. I see them paying til it hurts to keep it going. Hopefully they have a good realtor who will go out there and market and push to sell.
I don’t see the bank taking it back. Maybe they’ll rent it out. I don’t know what options are available. I don’t see them going down or walking away. That would be a hell of a mark on your credit for quite a while.
If you have the kind of pull to get a million dollar house, then why would you take that risk. Of course, I don’t know the details, if they put money down, if it’s the last of the ARMs.
It will be great to follow this and see what happens for sure. I think they bit off more than they can chew, but you never know. They were foolish enough to buy thinking they’ve got a deal. Maybe there’s another person out there thinking it’s a good time to buy and they stopped making land and everyone wants to live here and we’ve hit bottom and even though the media is putting out all this bad news, next year prices are going to go up, up and away.
If someone buys that place for 1.3+, I want to talk to them about this great bridge I’m trying to sell.
February 8, 2008 at 9:28 PM #150186NavydocParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
February 8, 2008 at 9:28 PM #150444NavydocParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
February 8, 2008 at 9:28 PM #150457NavydocParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
February 8, 2008 at 9:28 PM #150472NavydocParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
February 8, 2008 at 9:28 PM #150543NavydocParticipantWhat could this place rent for? 5K/mo? How much more? I would have to imagine the carrying costs on this place are somewhere north of 8K/mo. Who can afford to lose that much every month? I know I can’t, and I could probably stretch just enough to afford this place at the asking price (but I wont). Unless the current owners put 50% down I can’t see this place penciling out as a rental. That’s why I think it’s ultimately going back to the bank.
Oh, and it was 60K less, not 600K. Just enough to build a really nice pool.
February 8, 2008 at 9:45 PM #150197jpinpbParticipantThat’s true. I can’t imagine paying more thank 5k a month for rent. Even if they put money down, gosh, I can’t see more than 20%. Maybe they’ll reduce it 20%, then and walk away. Tragic loss for them. Hard lesson.
Sorry I misunderstood about 60k. That would put in a very nice pool. I’ll bring towels and suntan lotion. π
Let’s keep an eye. Maybe he will get lucky and find someone to give him what he wants. Surprise us all.
February 8, 2008 at 9:45 PM #150454jpinpbParticipantThat’s true. I can’t imagine paying more thank 5k a month for rent. Even if they put money down, gosh, I can’t see more than 20%. Maybe they’ll reduce it 20%, then and walk away. Tragic loss for them. Hard lesson.
Sorry I misunderstood about 60k. That would put in a very nice pool. I’ll bring towels and suntan lotion. π
Let’s keep an eye. Maybe he will get lucky and find someone to give him what he wants. Surprise us all.
February 8, 2008 at 9:45 PM #150466jpinpbParticipantThat’s true. I can’t imagine paying more thank 5k a month for rent. Even if they put money down, gosh, I can’t see more than 20%. Maybe they’ll reduce it 20%, then and walk away. Tragic loss for them. Hard lesson.
Sorry I misunderstood about 60k. That would put in a very nice pool. I’ll bring towels and suntan lotion. π
Let’s keep an eye. Maybe he will get lucky and find someone to give him what he wants. Surprise us all.
February 8, 2008 at 9:45 PM #150481jpinpbParticipantThat’s true. I can’t imagine paying more thank 5k a month for rent. Even if they put money down, gosh, I can’t see more than 20%. Maybe they’ll reduce it 20%, then and walk away. Tragic loss for them. Hard lesson.
Sorry I misunderstood about 60k. That would put in a very nice pool. I’ll bring towels and suntan lotion. π
Let’s keep an eye. Maybe he will get lucky and find someone to give him what he wants. Surprise us all.
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