60% off at temecula auction and conclusive evidence that I’m an idiot

[temeculaguy]

Originally sold for 470k
Repo’d back in Feb 07 for 390k on 1st mortgage
Listed at 399k and sat (at the open house they laughed at my 299k offer)
Lowered to 375k and sat
Lowered to 350k and I actually e-mailed them a trial baloon with a 275k intent (how you like me know, laugh at my 299k offer), no response.
Went to auction and I had to be out of town so I didn’t go plus I havn’t heard anything good about auctions so I thought it wouldn’t be worth it.
Sold last week for 216k, holy crap 216K!!!!!!
Under a $100 a square, a little too close to the casino and the road for my stupid snobbish tastes but I loved the house itself, I snubbed my fat nose at it and missed 2100 sq ft for two f&($^(ing sixteen.

It’s dialed in, granite, stailnless, iron rails, all secondary bedrooms with walk in closets, dual sinks in secondary bath, wood blinds, $100 association and they mow the lawn, pool and gym. I can’t find a rental there under $1700, the only one right now is $1950 and it’s smaller.

With 20% down the P&I is $908, taxes about $300 at that value (7k a year at 470k) another 200 for hoa and insurance max. Yep $1400 out the door, $500 cheaper than rent not to mention the tax deduction. I even toured the place and thought some jerk will bid it up for it’s rental ability and get caught up in the auction frenzy.

It’s official, I am too stupid to live. I missed a 3 digit P&I

http://www.williamsauction.com/propertydetails.aspx?searchType=null&propertyId=182890

http://www.zillow.com/Charts.htm?chartDuration=5years&testAds=false&zpid=69289394

The action site has a bunch of pics of the house, this company actually posts the sold price of everything they have ever sold. Nice pics too, Oh the HUMANITY.

[NotCranky]

Consolation prize. Didn’t you win a couple of beers or something like that for the first 50% off deal?
Better luck next time!

[NotCranky]

Consolation prize. Didn’t you win a couple of beers or something like that for the first 50% off deal?
Better luck next time!

[NotCranky]

Consolation prize. Didn’t you win a couple of beers or something like that for the first 50% off deal?
Better luck next time!

[NotCranky]

Consolation prize. Didn’t you win a couple of beers or something like that for the first 50% off deal?
Better luck next time!

[NotCranky]

Consolation prize. Didn’t you win a couple of beers or something like that for the first 50% off deal?
Better luck next time!

[kev374]

I think $216k is a good buy but what is the catch being that it is an auction…does the house need any repairs?

But it still is Temecula and it’s in the boon docks!

[kev374]

I think $216k is a good buy but what is the catch being that it is an auction…does the house need any repairs?

But it still is Temecula and it’s in the boon docks!

[kev374]

I think $216k is a good buy but what is the catch being that it is an auction…does the house need any repairs?

But it still is Temecula and it’s in the boon docks!

[kev374]

I think $216k is a good buy but what is the catch being that it is an auction…does the house need any repairs?

But it still is Temecula and it’s in the boon docks!

[kev374]

I think $216k is a good buy but what is the catch being that it is an auction…does the house need any repairs?

But it still is Temecula and it’s in the boon docks!

[kewp]

Cripes, check out the stats from RealtyTrac for that zip:

Pre-Foreclosure 436
Auction 215
Bank owned 501

At this rate you will be able to buy a whole block for $216k a year from now!

[kewp]

Cripes, check out the stats from RealtyTrac for that zip:

Pre-Foreclosure 436
Auction 215
Bank owned 501

At this rate you will be able to buy a whole block for $216k a year from now!

[kewp]

Cripes, check out the stats from RealtyTrac for that zip:

Pre-Foreclosure 436
Auction 215
Bank owned 501

At this rate you will be able to buy a whole block for $216k a year from now!

[kewp]

Cripes, check out the stats from RealtyTrac for that zip:

Pre-Foreclosure 436
Auction 215
Bank owned 501

At this rate you will be able to buy a whole block for $216k a year from now!

[Author]

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