- This topic has 8 replies, 4 voices, and was last updated 16 years, 10 months ago by
bsrsharma.
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October 12, 2007 at 7:15 AM #10586October 12, 2007 at 7:31 AM #88356
SD Realtor
ParticipantJimmy remember our friend on Penara?
SD Realtor
October 12, 2007 at 7:31 AM #88362SD Realtor
ParticipantJimmy remember our friend on Penara?
SD Realtor
October 12, 2007 at 7:38 AM #88359HLS
ParticipantThe 2nd one is a short sale with the range pricing. It doesn’t mean that the lender will accept a low offer.
Most short sales don’t happen. It can take weeks to get a response from the lender. It’s a slow process, and some sellers have been misled into thinking that they can do a short sale.
If you have assets, it’s not considered a hardship.
The lender isn’t a partner in the property, and it had gone up, they aren’t in for any part of the rise, but they are exposed to the loss.Nobody knows how low prices will go. Many buyers will jump in way too early, but there is still a long way to go before we hit rock bottom. Each area will be different.
The end of next year is a good target, but I don’t think the bottom will be hit yet.October 12, 2007 at 7:38 AM #88365HLS
ParticipantThe 2nd one is a short sale with the range pricing. It doesn’t mean that the lender will accept a low offer.
Most short sales don’t happen. It can take weeks to get a response from the lender. It’s a slow process, and some sellers have been misled into thinking that they can do a short sale.
If you have assets, it’s not considered a hardship.
The lender isn’t a partner in the property, and it had gone up, they aren’t in for any part of the rise, but they are exposed to the loss.Nobody knows how low prices will go. Many buyers will jump in way too early, but there is still a long way to go before we hit rock bottom. Each area will be different.
The end of next year is a good target, but I don’t think the bottom will be hit yet.October 12, 2007 at 7:52 AM #88363jimmyle
ParticipantSD Realtor,
Yeah, I am still watching the Penara house. Doesn’t look like it will go any where soon.
October 12, 2007 at 7:52 AM #88370jimmyle
ParticipantSD Realtor,
Yeah, I am still watching the Penara house. Doesn’t look like it will go any where soon.
October 12, 2007 at 7:52 AM #88366bsrsharma
Participantwill they go for $300K at the end of next year?
My guess is yes; Sub $300K but before Dec 2008.
October 12, 2007 at 7:52 AM #88372bsrsharma
Participantwill they go for $300K at the end of next year?
My guess is yes; Sub $300K but before Dec 2008.
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