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- This topic has 1,005 replies, 28 voices, and was last updated 15 years, 6 months ago by
poway_seller.
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May 27, 2008 at 12:26 PM #212255May 27, 2008 at 12:47 PM #212123
poway_seller
Participantthe sellers have lived in that home for a very long time, kids are out of the house, likely just downsizing…probably not overly concerned with the amount left on the table by hiring a “friend”. If they didn’t get this price or higher, they very likely would have just taken it off the market and stayed in the home.
The Norman Ln place is likely to close around $950,000 soon, bank approved short sale (the current owner is Ensenada man who cashed out over $450,000 and although he never got his asking price that last few years, he did get to keep this extra $450,000+, minus the cost of ownership (mortgage and property tax). For him it was still a profitable deal – go figure!
May 27, 2008 at 12:47 PM #212196poway_seller
Participantthe sellers have lived in that home for a very long time, kids are out of the house, likely just downsizing…probably not overly concerned with the amount left on the table by hiring a “friend”. If they didn’t get this price or higher, they very likely would have just taken it off the market and stayed in the home.
The Norman Ln place is likely to close around $950,000 soon, bank approved short sale (the current owner is Ensenada man who cashed out over $450,000 and although he never got his asking price that last few years, he did get to keep this extra $450,000+, minus the cost of ownership (mortgage and property tax). For him it was still a profitable deal – go figure!
May 27, 2008 at 12:47 PM #212223poway_seller
Participantthe sellers have lived in that home for a very long time, kids are out of the house, likely just downsizing…probably not overly concerned with the amount left on the table by hiring a “friend”. If they didn’t get this price or higher, they very likely would have just taken it off the market and stayed in the home.
The Norman Ln place is likely to close around $950,000 soon, bank approved short sale (the current owner is Ensenada man who cashed out over $450,000 and although he never got his asking price that last few years, he did get to keep this extra $450,000+, minus the cost of ownership (mortgage and property tax). For him it was still a profitable deal – go figure!
May 27, 2008 at 12:47 PM #212246poway_seller
Participantthe sellers have lived in that home for a very long time, kids are out of the house, likely just downsizing…probably not overly concerned with the amount left on the table by hiring a “friend”. If they didn’t get this price or higher, they very likely would have just taken it off the market and stayed in the home.
The Norman Ln place is likely to close around $950,000 soon, bank approved short sale (the current owner is Ensenada man who cashed out over $450,000 and although he never got his asking price that last few years, he did get to keep this extra $450,000+, minus the cost of ownership (mortgage and property tax). For him it was still a profitable deal – go figure!
May 27, 2008 at 12:47 PM #212276poway_seller
Participantthe sellers have lived in that home for a very long time, kids are out of the house, likely just downsizing…probably not overly concerned with the amount left on the table by hiring a “friend”. If they didn’t get this price or higher, they very likely would have just taken it off the market and stayed in the home.
The Norman Ln place is likely to close around $950,000 soon, bank approved short sale (the current owner is Ensenada man who cashed out over $450,000 and although he never got his asking price that last few years, he did get to keep this extra $450,000+, minus the cost of ownership (mortgage and property tax). For him it was still a profitable deal – go figure!
May 27, 2008 at 12:55 PM #212133macmichael
Participantpoway
hear anything on the Norman tear down rebuild steel art project special
May 27, 2008 at 12:55 PM #212205macmichael
Participantpoway
hear anything on the Norman tear down rebuild steel art project special
May 27, 2008 at 12:55 PM #212233macmichael
Participantpoway
hear anything on the Norman tear down rebuild steel art project special
May 27, 2008 at 12:55 PM #212256macmichael
Participantpoway
hear anything on the Norman tear down rebuild steel art project special
May 27, 2008 at 12:55 PM #212285macmichael
Participantpoway
hear anything on the Norman tear down rebuild steel art project special
May 27, 2008 at 1:21 PM #212148poway_seller
Participantnada, zilch, nothing… I’ve even gone so far as to lookup the owners on Google and can’t find a record of them anywhere to ask them the status. looks like no further work has taken place there for quite some time. Surely they will soon default on their loan and eventually it will be foreclosed on (???). How does it work when there is no more house?
Seems to be little incentive for them to keep it after paying nearly a million for the house, then turning it in a an art project… to get it back to a home will cost hundreds of thousands more… and they will be in over $1.5M for it, and even at that point it will only be worth $1M or less.
am i missing something?
May 27, 2008 at 1:21 PM #212221poway_seller
Participantnada, zilch, nothing… I’ve even gone so far as to lookup the owners on Google and can’t find a record of them anywhere to ask them the status. looks like no further work has taken place there for quite some time. Surely they will soon default on their loan and eventually it will be foreclosed on (???). How does it work when there is no more house?
Seems to be little incentive for them to keep it after paying nearly a million for the house, then turning it in a an art project… to get it back to a home will cost hundreds of thousands more… and they will be in over $1.5M for it, and even at that point it will only be worth $1M or less.
am i missing something?
May 27, 2008 at 1:21 PM #212249poway_seller
Participantnada, zilch, nothing… I’ve even gone so far as to lookup the owners on Google and can’t find a record of them anywhere to ask them the status. looks like no further work has taken place there for quite some time. Surely they will soon default on their loan and eventually it will be foreclosed on (???). How does it work when there is no more house?
Seems to be little incentive for them to keep it after paying nearly a million for the house, then turning it in a an art project… to get it back to a home will cost hundreds of thousands more… and they will be in over $1.5M for it, and even at that point it will only be worth $1M or less.
am i missing something?
May 27, 2008 at 1:21 PM #212270poway_seller
Participantnada, zilch, nothing… I’ve even gone so far as to lookup the owners on Google and can’t find a record of them anywhere to ask them the status. looks like no further work has taken place there for quite some time. Surely they will soon default on their loan and eventually it will be foreclosed on (???). How does it work when there is no more house?
Seems to be little incentive for them to keep it after paying nearly a million for the house, then turning it in a an art project… to get it back to a home will cost hundreds of thousands more… and they will be in over $1.5M for it, and even at that point it will only be worth $1M or less.
am i missing something?
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