Home › Forums › Closed Forums › Properties or Areas › Derby Hill in CV???
- This topic has 231 replies, 22 voices, and was last updated 17 years, 4 months ago by sdcellar.
-
AuthorPosts
-
August 22, 2007 at 1:13 PM #79330August 22, 2007 at 1:15 PM #79178sdcellarParticipant
Alex_angel– Not everyone has an ARM or shotty loan.
You are absolutely correct (well, at least if you meant shoddy). However, I can almost promise you that not everybody in justbought’s neighborhood doesn’t.
If the double negative trips anyone up, what I’m saying is that right now you can look at any newer development pretty much anywhere in the county and there will be home “owners” who have overextended themselves and/or signed up for a toxic mortgage.
If you don’t believe me, you can just trek over to foreclosure.com and check street names for any ZIP you’d care to.
August 22, 2007 at 1:15 PM #79305sdcellarParticipantAlex_angel– Not everyone has an ARM or shotty loan.
You are absolutely correct (well, at least if you meant shoddy). However, I can almost promise you that not everybody in justbought’s neighborhood doesn’t.
If the double negative trips anyone up, what I’m saying is that right now you can look at any newer development pretty much anywhere in the county and there will be home “owners” who have overextended themselves and/or signed up for a toxic mortgage.
If you don’t believe me, you can just trek over to foreclosure.com and check street names for any ZIP you’d care to.
August 22, 2007 at 1:15 PM #79326sdcellarParticipantAlex_angel– Not everyone has an ARM or shotty loan.
You are absolutely correct (well, at least if you meant shoddy). However, I can almost promise you that not everybody in justbought’s neighborhood doesn’t.
If the double negative trips anyone up, what I’m saying is that right now you can look at any newer development pretty much anywhere in the county and there will be home “owners” who have overextended themselves and/or signed up for a toxic mortgage.
If you don’t believe me, you can just trek over to foreclosure.com and check street names for any ZIP you’d care to.
August 22, 2007 at 1:25 PM #79187justboughtParticipantsdcellar:
Would you be able to us how many homes on arabian crest rd, foxhound way, mustang ridge dr, cherry hill ln, birch hill ln, heather ridge dr, have a “shoddy loan”?
search on foreclosure.com didn’t show up any homes on the above streets, but I know it take ~7 mo after owner stops paying mortgage to get NOD..
August 22, 2007 at 1:25 PM #79314justboughtParticipantsdcellar:
Would you be able to us how many homes on arabian crest rd, foxhound way, mustang ridge dr, cherry hill ln, birch hill ln, heather ridge dr, have a “shoddy loan”?
search on foreclosure.com didn’t show up any homes on the above streets, but I know it take ~7 mo after owner stops paying mortgage to get NOD..
August 22, 2007 at 1:25 PM #79336justboughtParticipantsdcellar:
Would you be able to us how many homes on arabian crest rd, foxhound way, mustang ridge dr, cherry hill ln, birch hill ln, heather ridge dr, have a “shoddy loan”?
search on foreclosure.com didn’t show up any homes on the above streets, but I know it take ~7 mo after owner stops paying mortgage to get NOD..
August 22, 2007 at 1:29 PM #79190Alex_angelParticipantYou only take a loss when you sell. For those that think these prices will dip 40% and never come back to todays prices are mistaken. The bar has been set and even with a dip in the next couple of years, housing will get ack to todays’s prices. It is just the way the economy works.
August 22, 2007 at 1:29 PM #79317Alex_angelParticipantYou only take a loss when you sell. For those that think these prices will dip 40% and never come back to todays prices are mistaken. The bar has been set and even with a dip in the next couple of years, housing will get ack to todays’s prices. It is just the way the economy works.
August 22, 2007 at 1:29 PM #79339Alex_angelParticipantYou only take a loss when you sell. For those that think these prices will dip 40% and never come back to todays prices are mistaken. The bar has been set and even with a dip in the next couple of years, housing will get ack to todays’s prices. It is just the way the economy works.
August 22, 2007 at 1:30 PM #79196Alex_angelParticipantI didn’t mean shoddy. I meant shitty.
August 22, 2007 at 1:30 PM #79324Alex_angelParticipantI didn’t mean shoddy. I meant shitty.
August 22, 2007 at 1:30 PM #79346Alex_angelParticipantI didn’t mean shoddy. I meant shitty.
August 22, 2007 at 1:37 PM #79205ArrayaParticipantJustbought,
Public records give no indication of type of loan. Probably the best indicator of potential distress is how much they financed. If the did not put money down there is no cusion if the have to sell. You can check zillow.com for that.
I take it you are watching your neighborhood for potential value drops due to distressed homeowners. If that is the case check all the homes for sale, see if the financed 100% in the past 3 years. If they did there could be problems.
August 22, 2007 at 1:37 PM #79332ArrayaParticipantJustbought,
Public records give no indication of type of loan. Probably the best indicator of potential distress is how much they financed. If the did not put money down there is no cusion if the have to sell. You can check zillow.com for that.
I take it you are watching your neighborhood for potential value drops due to distressed homeowners. If that is the case check all the homes for sale, see if the financed 100% in the past 3 years. If they did there could be problems.
-
AuthorPosts
- The forum ‘Properties or Areas’ is closed to new topics and replies.