4S-Anyone know the scoop-Why flip for 30K?

[waitingtobuy]

About 4s ranch, I tracked few REO homes including the one in 16571, manassas st. 4 of those REO homes went pending very fast at their list price.It seems banks had priced those homes very realistically to sell quickly.

I hope this impacts other resale or REO homes in 4s that are now very listed at un-resonably high prices. As long as sellers are in denial and are un-aware of the market conditions, stale inventory won’t clear.

[SD Realtor]

Stan –

We have also seen cases where the seller did try to sell it short but the bank refused the offer. Right now there are these condos on Dabney in Mira Mesa. I have investors with offers on two of them in the low 200’s but the lenders get BPOs (Broker Property Opinions) while they are evaluating the short sale offers and in this case the BPO’s are coming back higher then the offer so the lenders are digging in.

I am not saying this happened with the home you brought up as I have been to lazy to look up the sales history. Also there is the element of people just not dealing with their own problems. It is easier to just deny the whole situation and let things just flutter away rather then coping with reality. People literally don’t even open the mail for 7 or 8 months and one day they simply don’t own the home anymore and a 30 day notice is tacked on the front door.

SD Realtor

[SD Realtor]

Stan –

We have also seen cases where the seller did try to sell it short but the bank refused the offer. Right now there are these condos on Dabney in Mira Mesa. I have investors with offers on two of them in the low 200’s but the lenders get BPOs (Broker Property Opinions) while they are evaluating the short sale offers and in this case the BPO’s are coming back higher then the offer so the lenders are digging in.

I am not saying this happened with the home you brought up as I have been to lazy to look up the sales history. Also there is the element of people just not dealing with their own problems. It is easier to just deny the whole situation and let things just flutter away rather then coping with reality. People literally don’t even open the mail for 7 or 8 months and one day they simply don’t own the home anymore and a 30 day notice is tacked on the front door.

SD Realtor

[SD Realtor]

Stan –

We have also seen cases where the seller did try to sell it short but the bank refused the offer. Right now there are these condos on Dabney in Mira Mesa. I have investors with offers on two of them in the low 200’s but the lenders get BPOs (Broker Property Opinions) while they are evaluating the short sale offers and in this case the BPO’s are coming back higher then the offer so the lenders are digging in.

I am not saying this happened with the home you brought up as I have been to lazy to look up the sales history. Also there is the element of people just not dealing with their own problems. It is easier to just deny the whole situation and let things just flutter away rather then coping with reality. People literally don’t even open the mail for 7 or 8 months and one day they simply don’t own the home anymore and a 30 day notice is tacked on the front door.

SD Realtor

[SD Realtor]

Stan –

We have also seen cases where the seller did try to sell it short but the bank refused the offer. Right now there are these condos on Dabney in Mira Mesa. I have investors with offers on two of them in the low 200’s but the lenders get BPOs (Broker Property Opinions) while they are evaluating the short sale offers and in this case the BPO’s are coming back higher then the offer so the lenders are digging in.

I am not saying this happened with the home you brought up as I have been to lazy to look up the sales history. Also there is the element of people just not dealing with their own problems. It is easier to just deny the whole situation and let things just flutter away rather then coping with reality. People literally don’t even open the mail for 7 or 8 months and one day they simply don’t own the home anymore and a 30 day notice is tacked on the front door.

SD Realtor

[SD Realtor]

Stan –

We have also seen cases where the seller did try to sell it short but the bank refused the offer. Right now there are these condos on Dabney in Mira Mesa. I have investors with offers on two of them in the low 200’s but the lenders get BPOs (Broker Property Opinions) while they are evaluating the short sale offers and in this case the BPO’s are coming back higher then the offer so the lenders are digging in.

I am not saying this happened with the home you brought up as I have been to lazy to look up the sales history. Also there is the element of people just not dealing with their own problems. It is easier to just deny the whole situation and let things just flutter away rather then coping with reality. People literally don’t even open the mail for 7 or 8 months and one day they simply don’t own the home anymore and a 30 day notice is tacked on the front door.

SD Realtor

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