Derby Hill in CV???

[4runner]

Even after selling a house, a family needs a equivalent place to live in; perhaps for rich families, the hassle isn’t worth a few 100K.

Gotta love it. What is a few 100K nowadays, anyway?

[sdcellar]

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.

[sdcellar]

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.

[sdcellar]

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.

[justbought]

sdcellar:

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..

[justbought]

sdcellar:

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..

[justbought]

sdcellar:

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..

[Alex_angel]

You 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.

[Alex_angel]

You 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.

[Alex_angel]

You 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.

[Alex_angel]

I didn’t mean shoddy. I meant shitty.

[Alex_angel]

I didn’t mean shoddy. I meant shitty.

[Alex_angel]

I didn’t mean shoddy. I meant shitty.

[Arraya]

Justbought,

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.

[Arraya]

Justbought,

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.

[Author]

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