Another “not fraudulent” short sale listing?

[sdrealtor]

Actually to the contrary, mortgage insurance can be the kiss of death on getting a short sale approved.

[ocrenter]

[quote=sdrealtor]Good response by UCGal and this one doesnt bother me much like the one story ocean view home we saw on Camphor. There arent a lot of buyers for a house like this. It’s a bloated mcmansion with only 4 bedrooms that backs up to a busy street. Almost every house on that side of the street has struggled to sell from the day they were new through the short sale and foreclosure of almost everyone. Now the 1 story ocean view house on Camphor was a whole different matter because that was truly a unique and desreable property. This one is simply a pig.[/quote]

this house is actually on the side of the street with a downward slope backing to residential areas. the most recent comp of 850k is on the side of the street backing to a busy street (that comp back in the peak years actually went for $1.2 million, $100k less than the subject property during the peak). there’s another comp in the same neighborhood couple of months ago closing just north of 900k.

on the same side of the street another home with the same sqft is contingent for $890k.

no matter how much of a pig this may be, a $680k pig it is not. maybe the owners are desparate and the realtor in this case is jumping at this opportunity. or maybe just an attempt to forestall foreclosure. either way, there’s something fishy going on.

[ocrenter]

[quote=sdrealtor]Good response by UCGal and this one doesnt bother me much like the one story ocean view home we saw on Camphor. There arent a lot of buyers for a house like this. It’s a bloated mcmansion with only 4 bedrooms that backs up to a busy street. Almost every house on that side of the street has struggled to sell from the day they were new through the short sale and foreclosure of almost everyone. Now the 1 story ocean view house on Camphor was a whole different matter because that was truly a unique and desreable property. This one is simply a pig.[/quote]

this house is actually on the side of the street with a downward slope backing to residential areas. the most recent comp of 850k is on the side of the street backing to a busy street (that comp back in the peak years actually went for $1.2 million, $100k less than the subject property during the peak). there’s another comp in the same neighborhood couple of months ago closing just north of 900k.

on the same side of the street another home with the same sqft is contingent for $890k.

no matter how much of a pig this may be, a $680k pig it is not. maybe the owners are desparate and the realtor in this case is jumping at this opportunity. or maybe just an attempt to forestall foreclosure. either way, there’s something fishy going on.

[ocrenter]

[quote=sdrealtor]Good response by UCGal and this one doesnt bother me much like the one story ocean view home we saw on Camphor. There arent a lot of buyers for a house like this. It’s a bloated mcmansion with only 4 bedrooms that backs up to a busy street. Almost every house on that side of the street has struggled to sell from the day they were new through the short sale and foreclosure of almost everyone. Now the 1 story ocean view house on Camphor was a whole different matter because that was truly a unique and desreable property. This one is simply a pig.[/quote]

this house is actually on the side of the street with a downward slope backing to residential areas. the most recent comp of 850k is on the side of the street backing to a busy street (that comp back in the peak years actually went for $1.2 million, $100k less than the subject property during the peak). there’s another comp in the same neighborhood couple of months ago closing just north of 900k.

on the same side of the street another home with the same sqft is contingent for $890k.

no matter how much of a pig this may be, a $680k pig it is not. maybe the owners are desparate and the realtor in this case is jumping at this opportunity. or maybe just an attempt to forestall foreclosure. either way, there’s something fishy going on.

[ocrenter]

[quote=sdrealtor]Good response by UCGal and this one doesnt bother me much like the one story ocean view home we saw on Camphor. There arent a lot of buyers for a house like this. It’s a bloated mcmansion with only 4 bedrooms that backs up to a busy street. Almost every house on that side of the street has struggled to sell from the day they were new through the short sale and foreclosure of almost everyone. Now the 1 story ocean view house on Camphor was a whole different matter because that was truly a unique and desreable property. This one is simply a pig.[/quote]

this house is actually on the side of the street with a downward slope backing to residential areas. the most recent comp of 850k is on the side of the street backing to a busy street (that comp back in the peak years actually went for $1.2 million, $100k less than the subject property during the peak). there’s another comp in the same neighborhood couple of months ago closing just north of 900k.

on the same side of the street another home with the same sqft is contingent for $890k.

no matter how much of a pig this may be, a $680k pig it is not. maybe the owners are desparate and the realtor in this case is jumping at this opportunity. or maybe just an attempt to forestall foreclosure. either way, there’s something fishy going on.

[ocrenter]

[quote=sdrealtor]Good response by UCGal and this one doesnt bother me much like the one story ocean view home we saw on Camphor. There arent a lot of buyers for a house like this. It’s a bloated mcmansion with only 4 bedrooms that backs up to a busy street. Almost every house on that side of the street has struggled to sell from the day they were new through the short sale and foreclosure of almost everyone. Now the 1 story ocean view house on Camphor was a whole different matter because that was truly a unique and desreable property. This one is simply a pig.[/quote]

this house is actually on the side of the street with a downward slope backing to residential areas. the most recent comp of 850k is on the side of the street backing to a busy street (that comp back in the peak years actually went for $1.2 million, $100k less than the subject property during the peak). there’s another comp in the same neighborhood couple of months ago closing just north of 900k.

on the same side of the street another home with the same sqft is contingent for $890k.

no matter how much of a pig this may be, a $680k pig it is not. maybe the owners are desparate and the realtor in this case is jumping at this opportunity. or maybe just an attempt to forestall foreclosure. either way, there’s something fishy going on.

[sdrealtor]

ocr,
My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.

[sdrealtor]

ocr,
My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.

[sdrealtor]

ocr,
My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.

[sdrealtor]

ocr,
My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.

[sdrealtor]

ocr,
My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.

[ocrenter]

[quote=sdrealtor]ocr,
My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.[/quote]

i know what you are saying, just saying it may be pig-lite, not a down-and-out-pig. I’m personally reserving judgement since there are no other pics available.

cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.

[ocrenter]

[quote=sdrealtor]ocr,
My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.[/quote]

i know what you are saying, just saying it may be pig-lite, not a down-and-out-pig. I’m personally reserving judgement since there are no other pics available.

cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.

[ocrenter]

[quote=sdrealtor]ocr,
My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.[/quote]

i know what you are saying, just saying it may be pig-lite, not a down-and-out-pig. I’m personally reserving judgement since there are no other pics available.

cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.

[ocrenter]

[quote=sdrealtor]ocr,
My point wasnt that I thought it a legitimate offer as I dont. Its just not a very desireable property relative to the camphor property I referenced. They just need to get something in to get the process rolling and to see what it will take. To me there isnt anything fishy but rather someone trying to find out what it will take to get this one sold.

In the comments it says they have accepted a cash offer. My guess would be an investor who wants to flip it if they can get it that cheap. They have a first with CW so this is gonna hang out there for many months and the most likely outcome (I’d say 95%) is they get countered above 800K and it comes back as a previously approved short sale in need of a new offer.[/quote]

i know what you are saying, just saying it may be pig-lite, not a down-and-out-pig. I’m personally reserving judgement since there are no other pics available.

cash offer or not, it doesn’t seem like the realtor involved allowed for other higher offers which would improve the chance that the offer would be accepted. seem like the realtor involved is playing favors by allowing his/her cash client first dip instead of finding out what the highest offer would be in the open market.

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