- This topic has 120 replies, 20 voices, and was last updated 17 years, 3 months ago by
JPJones.
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August 14, 2007 at 5:37 PM #75396August 14, 2007 at 6:23 PM #75308
snail
ParticipantYes!I hope its flop like a dying Salmon. And Yes, I am Gloating!
August 14, 2007 at 6:23 PM #75424ParticipantYes!I hope its flop like a dying Salmon. And Yes, I am Gloating!
August 14, 2007 at 6:23 PM #75426ParticipantYes!I hope its flop like a dying Salmon. And Yes, I am Gloating!
August 14, 2007 at 6:35 PM #75314NotCranky
ParticipantI think the people involved in these auctions are smart enough to at least make it look good. Some celebrity stunt buyer will show up to kick off the party.
August 14, 2007 at 6:35 PM #75429ParticipantI think the people involved in these auctions are smart enough to at least make it look good. Some celebrity stunt buyer will show up to kick off the party.
August 14, 2007 at 6:35 PM #75434ParticipantI think the people involved in these auctions are smart enough to at least make it look good. Some celebrity stunt buyer will show up to kick off the party.
August 14, 2007 at 10:01 PM #75383SD Realtor
ParticipantI really hate myself for saying this… I am not a conspiracy guy… but does anyone think the lenders would place any shills at the auction to promote bidding? Man am I losing credibility with myself…
SD Realtor
August 14, 2007 at 10:01 PM #75498ParticipantI really hate myself for saying this… I am not a conspiracy guy… but does anyone think the lenders would place any shills at the auction to promote bidding? Man am I losing credibility with myself…
SD Realtor
August 14, 2007 at 10:01 PM #75503ParticipantI really hate myself for saying this… I am not a conspiracy guy… but does anyone think the lenders would place any shills at the auction to promote bidding? Man am I losing credibility with myself…
SD Realtor
August 14, 2007 at 10:32 PM #75392ucodegen
Participant@SD Realtor
I am not a conspiracy guy… but does anyone think the lenders would place any shills at the auction to promote bidding?Geesh, what will the NAR think of you now!!..
Actually I think they will. Right off the bat, on the first houses watch. The shills will be there to try to get everyone worked up, and the auction moving. Look for the same people bidding on houses in very different locations, different conditions. The shills will want to make the bidders feel that they will have to bid high to get the house. Also look for houses that were up for bid on last auction, see if they reappear.I think this may be a flop, but we won’t hear it. Loan qualification will kill a lot of the potential buyers, but that will happen after the bidding. Are they requiring any ‘earnest money’ to bid? Watch for these houses to reappear. In fact, that might be a good thing to track. The number of times a house reappears on the auction.
August 14, 2007 at 10:32 PM #75508Participant@SD Realtor
I am not a conspiracy guy… but does anyone think the lenders would place any shills at the auction to promote bidding?Geesh, what will the NAR think of you now!!..
Actually I think they will. Right off the bat, on the first houses watch. The shills will be there to try to get everyone worked up, and the auction moving. Look for the same people bidding on houses in very different locations, different conditions. The shills will want to make the bidders feel that they will have to bid high to get the house. Also look for houses that were up for bid on last auction, see if they reappear.I think this may be a flop, but we won’t hear it. Loan qualification will kill a lot of the potential buyers, but that will happen after the bidding. Are they requiring any ‘earnest money’ to bid? Watch for these houses to reappear. In fact, that might be a good thing to track. The number of times a house reappears on the auction.
August 14, 2007 at 10:32 PM #75511Participant@SD Realtor
I am not a conspiracy guy… but does anyone think the lenders would place any shills at the auction to promote bidding?Geesh, what will the NAR think of you now!!..
Actually I think they will. Right off the bat, on the first houses watch. The shills will be there to try to get everyone worked up, and the auction moving. Look for the same people bidding on houses in very different locations, different conditions. The shills will want to make the bidders feel that they will have to bid high to get the house. Also look for houses that were up for bid on last auction, see if they reappear.I think this may be a flop, but we won’t hear it. Loan qualification will kill a lot of the potential buyers, but that will happen after the bidding. Are they requiring any ‘earnest money’ to bid? Watch for these houses to reappear. In fact, that might be a good thing to track. The number of times a house reappears on the auction.
August 14, 2007 at 10:59 PM #75415Participantucodegen NAR has the black suits tailing me wherever I go…heheheh….
Seriously though… it may very well be a flop and it may not be… I am not sure.
To be honest it will be interesting to see… It could be the first time that the lender really does just let some of this inventory go with some serious discounts…
After all, they will have to do it sooner or later right?
SD Realtor
ps this is more devils advocate speak… but some day they will have to…
August 14, 2007 at 10:59 PM #75532Participantucodegen NAR has the black suits tailing me wherever I go…heheheh….
Seriously though… it may very well be a flop and it may not be… I am not sure.
To be honest it will be interesting to see… It could be the first time that the lender really does just let some of this inventory go with some serious discounts…
After all, they will have to do it sooner or later right?
SD Realtor
ps this is more devils advocate speak… but some day they will have to…
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