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Viewing 15 posts - 1 through 15 (of 46 total)
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  • November 10, 2008 at 2:21 PM #14409
    aldante
    Participant

    This house was taken in forecolsure less then two months ago for 515K

    http://www.sdlookup.com/MLS-080076168-4822_Neblina_Carlsbad_Ca_92008

    I guess the govt bailout gives the flippers new life.

    Is this good?

    November 10, 2008 at 6:25 PM #302418
    urbanrealtor
    Participant

    Sorry, why is this news?

    Also, how do you see this related to the bailout?

    November 10, 2008 at 6:25 PM #302779
    urbanrealtor
    Participant

    Sorry, why is this news?

    Also, how do you see this related to the bailout?

    November 10, 2008 at 6:25 PM #302788
    urbanrealtor
    Participant

    Sorry, why is this news?

    Also, how do you see this related to the bailout?

    November 10, 2008 at 6:25 PM #302807
    urbanrealtor
    Participant

    Sorry, why is this news?

    Also, how do you see this related to the bailout?

    November 10, 2008 at 6:25 PM #302862
    urbanrealtor
    Participant

    Sorry, why is this news?

    Also, how do you see this related to the bailout?

    November 10, 2008 at 8:04 PM #302463
    fredo4
    Participant

    The flippers can flip all they want. Doesn’t mean the house will sell. Some people just don’t get the gravity of the current housing situation.

    November 10, 2008 at 8:04 PM #302825
    fredo4
    Participant

    The flippers can flip all they want. Doesn’t mean the house will sell. Some people just don’t get the gravity of the current housing situation.

    November 10, 2008 at 8:04 PM #302833
    fredo4
    Participant

    The flippers can flip all they want. Doesn’t mean the house will sell. Some people just don’t get the gravity of the current housing situation.

    November 10, 2008 at 8:04 PM #302851
    fredo4
    Participant

    The flippers can flip all they want. Doesn’t mean the house will sell. Some people just don’t get the gravity of the current housing situation.

    November 10, 2008 at 8:04 PM #302907
    fredo4
    Participant

    The flippers can flip all they want. Doesn’t mean the house will sell. Some people just don’t get the gravity of the current housing situation.

    November 10, 2008 at 9:46 PM #302498
    SD Realtor
    Participant

    Aldante I have no clue what your original post meant. What does buying a home at a trustee sale have to do with the bailout?

    Can you please explain?

    If a home went to foreclosure then that means the original owners were not bailed out. Are we on the same page here? Now looking at this home, it went to trustee sale back in August to the lender. The current homeowner then paid 535k for it of which he got a mortgage for 374,500 and thus put the rest down in cash.

    Again, I fail to see the correlation between this event and the bailout. I am listening if you would like to explain to me.

    fredo4 correct it does not mean the house will sell. From the standpoint of flips, I would not classify this as a good purchase. I would be concerned about a few factors so it will be interesting to see if the seller gets his money back.

    November 10, 2008 at 9:46 PM #302859
    SD Realtor
    Participant

    Aldante I have no clue what your original post meant. What does buying a home at a trustee sale have to do with the bailout?

    Can you please explain?

    If a home went to foreclosure then that means the original owners were not bailed out. Are we on the same page here? Now looking at this home, it went to trustee sale back in August to the lender. The current homeowner then paid 535k for it of which he got a mortgage for 374,500 and thus put the rest down in cash.

    Again, I fail to see the correlation between this event and the bailout. I am listening if you would like to explain to me.

    fredo4 correct it does not mean the house will sell. From the standpoint of flips, I would not classify this as a good purchase. I would be concerned about a few factors so it will be interesting to see if the seller gets his money back.

    November 10, 2008 at 9:46 PM #302868
    SD Realtor
    Participant

    Aldante I have no clue what your original post meant. What does buying a home at a trustee sale have to do with the bailout?

    Can you please explain?

    If a home went to foreclosure then that means the original owners were not bailed out. Are we on the same page here? Now looking at this home, it went to trustee sale back in August to the lender. The current homeowner then paid 535k for it of which he got a mortgage for 374,500 and thus put the rest down in cash.

    Again, I fail to see the correlation between this event and the bailout. I am listening if you would like to explain to me.

    fredo4 correct it does not mean the house will sell. From the standpoint of flips, I would not classify this as a good purchase. I would be concerned about a few factors so it will be interesting to see if the seller gets his money back.

    November 10, 2008 at 9:46 PM #302886
    SD Realtor
    Participant

    Aldante I have no clue what your original post meant. What does buying a home at a trustee sale have to do with the bailout?

    Can you please explain?

    If a home went to foreclosure then that means the original owners were not bailed out. Are we on the same page here? Now looking at this home, it went to trustee sale back in August to the lender. The current homeowner then paid 535k for it of which he got a mortgage for 374,500 and thus put the rest down in cash.

    Again, I fail to see the correlation between this event and the bailout. I am listening if you would like to explain to me.

    fredo4 correct it does not mean the house will sell. From the standpoint of flips, I would not classify this as a good purchase. I would be concerned about a few factors so it will be interesting to see if the seller gets his money back.

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