buying houses and the foreclosure situation

[SD Realtor]

Pretty funny you brought up Enorahs post… I recall it well because I personally poo pood all over it and like a few days later the credit crunch hit the fan…and I looked like the idiot… not the first time either…

I don’t really see any tipping point… just a slide down that will be uneven throughout the next 3-4 years.

SD Realtor

[JC]

OC Scam, Can I ask you a favor?

Can you elaborate on your experience buying a foreclosed property? Did you get it before it went back on the MLS? (I have my eye on a property that has gone back to the bank, but has not hit the MLS again yet).

Also, can you explain “chance for the agent to not get the commission they are looking for!”

I have a terrific agent and want to make sure that they get their commission once I finally buy.

Thank you!

[JC]

OC Scam, Can I ask you a favor?

Can you elaborate on your experience buying a foreclosed property? Did you get it before it went back on the MLS? (I have my eye on a property that has gone back to the bank, but has not hit the MLS again yet).

Also, can you explain “chance for the agent to not get the commission they are looking for!”

I have a terrific agent and want to make sure that they get their commission once I finally buy.

Thank you!

[JC]

OC Scam, Can I ask you a favor?

Can you elaborate on your experience buying a foreclosed property? Did you get it before it went back on the MLS? (I have my eye on a property that has gone back to the bank, but has not hit the MLS again yet).

Also, can you explain “chance for the agent to not get the commission they are looking for!”

I have a terrific agent and want to make sure that they get their commission once I finally buy.

Thank you!

[JC]

OC Scam, Can I ask you a favor?

Can you elaborate on your experience buying a foreclosed property? Did you get it before it went back on the MLS? (I have my eye on a property that has gone back to the bank, but has not hit the MLS again yet).

Also, can you explain “chance for the agent to not get the commission they are looking for!”

I have a terrific agent and want to make sure that they get their commission once I finally buy.

Thank you!

[JC]

OC Scam, Can I ask you a favor?

Can you elaborate on your experience buying a foreclosed property? Did you get it before it went back on the MLS? (I have my eye on a property that has gone back to the bank, but has not hit the MLS again yet).

Also, can you explain “chance for the agent to not get the commission they are looking for!”

I have a terrific agent and want to make sure that they get their commission once I finally buy.

Thank you!

[patientlywaiting]

Thanks for reviving Enorah post. It’s fun to go back in time revisit the past sometimes.

I’m going to repeat JWM’s post here. It was dead on and still is. The macro picture is what’s most important. I don’t care about the number of pendings is this week… The macro picture is so bad that most of them won’t close.

*

Submitted by JWM in SD on July 26, 2007 – 12:20pm.

SD Realtor,

If your perspective is only from that of the housing market you may have point, but there definitely has been a tipping point with regard to the credit market and that is undeniable as of this week. The fact that the housing market is intrinsically tied to the credit though makes this debateable in my opinion.

The posters here need to stop looking at this from the prism of SD home prices and start looking at the macro picture instead. It is scary, but it will give you the confidenced needed to steer clear of bad advice right now.

Anyone looking to buy a house right whether they can afford it or not is making a bad financial decision given the economic circumstances that we are headed into at the moment.

[patientlywaiting]

Thanks for reviving Enorah post. It’s fun to go back in time revisit the past sometimes.

I’m going to repeat JWM’s post here. It was dead on and still is. The macro picture is what’s most important. I don’t care about the number of pendings is this week… The macro picture is so bad that most of them won’t close.

*

Submitted by JWM in SD on July 26, 2007 – 12:20pm.

SD Realtor,

If your perspective is only from that of the housing market you may have point, but there definitely has been a tipping point with regard to the credit market and that is undeniable as of this week. The fact that the housing market is intrinsically tied to the credit though makes this debateable in my opinion.

The posters here need to stop looking at this from the prism of SD home prices and start looking at the macro picture instead. It is scary, but it will give you the confidenced needed to steer clear of bad advice right now.

Anyone looking to buy a house right whether they can afford it or not is making a bad financial decision given the economic circumstances that we are headed into at the moment.

[patientlywaiting]

Thanks for reviving Enorah post. It’s fun to go back in time revisit the past sometimes.

I’m going to repeat JWM’s post here. It was dead on and still is. The macro picture is what’s most important. I don’t care about the number of pendings is this week… The macro picture is so bad that most of them won’t close.

*

Submitted by JWM in SD on July 26, 2007 – 12:20pm.

SD Realtor,

If your perspective is only from that of the housing market you may have point, but there definitely has been a tipping point with regard to the credit market and that is undeniable as of this week. The fact that the housing market is intrinsically tied to the credit though makes this debateable in my opinion.

The posters here need to stop looking at this from the prism of SD home prices and start looking at the macro picture instead. It is scary, but it will give you the confidenced needed to steer clear of bad advice right now.

Anyone looking to buy a house right whether they can afford it or not is making a bad financial decision given the economic circumstances that we are headed into at the moment.

[patientlywaiting]

Thanks for reviving Enorah post. It’s fun to go back in time revisit the past sometimes.

I’m going to repeat JWM’s post here. It was dead on and still is. The macro picture is what’s most important. I don’t care about the number of pendings is this week… The macro picture is so bad that most of them won’t close.

*

Submitted by JWM in SD on July 26, 2007 – 12:20pm.

SD Realtor,

If your perspective is only from that of the housing market you may have point, but there definitely has been a tipping point with regard to the credit market and that is undeniable as of this week. The fact that the housing market is intrinsically tied to the credit though makes this debateable in my opinion.

The posters here need to stop looking at this from the prism of SD home prices and start looking at the macro picture instead. It is scary, but it will give you the confidenced needed to steer clear of bad advice right now.

Anyone looking to buy a house right whether they can afford it or not is making a bad financial decision given the economic circumstances that we are headed into at the moment.

[patientlywaiting]

Thanks for reviving Enorah post. It’s fun to go back in time revisit the past sometimes.

I’m going to repeat JWM’s post here. It was dead on and still is. The macro picture is what’s most important. I don’t care about the number of pendings is this week… The macro picture is so bad that most of them won’t close.

*

Submitted by JWM in SD on July 26, 2007 – 12:20pm.

SD Realtor,

If your perspective is only from that of the housing market you may have point, but there definitely has been a tipping point with regard to the credit market and that is undeniable as of this week. The fact that the housing market is intrinsically tied to the credit though makes this debateable in my opinion.

The posters here need to stop looking at this from the prism of SD home prices and start looking at the macro picture instead. It is scary, but it will give you the confidenced needed to steer clear of bad advice right now.

Anyone looking to buy a house right whether they can afford it or not is making a bad financial decision given the economic circumstances that we are headed into at the moment.

[shaggydoo]

A thorough I mean thorough inspection because of the release the bank makes you sign. These REOs were owned by people completely in over their heads financially, so don’t trust their judgement one iota when it comes to maintenace or doing something crazy on the way out.

[shaggydoo]

A thorough I mean thorough inspection because of the release the bank makes you sign. These REOs were owned by people completely in over their heads financially, so don’t trust their judgement one iota when it comes to maintenace or doing something crazy on the way out.

[shaggydoo]

A thorough I mean thorough inspection because of the release the bank makes you sign. These REOs were owned by people completely in over their heads financially, so don’t trust their judgement one iota when it comes to maintenace or doing something crazy on the way out.

[shaggydoo]

A thorough I mean thorough inspection because of the release the bank makes you sign. These REOs were owned by people completely in over their heads financially, so don’t trust their judgement one iota when it comes to maintenace or doing something crazy on the way out.

[Author]

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