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  • April 10, 2008 at 8:57 AM #12388
    jpinpb
    Participant

    I saw this on SDLookup and thought I’d post here in case some of you haven’t seen it. I know most are not interested in Escondido, but just more to indicate one would never think it could happen or ever imagine something like that even in the worst neighborhood. No one ever thought prices would go up so high in a bad neighborhood, either.

    Price: $69,900. At peak 6/05 $230,600

    http://www.sdlookup.com/MLS-076071161-2012_E_Mission_Ave_23_Escondido_CA_92027

    April 10, 2008 at 9:05 AM #184209
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

    April 10, 2008 at 9:05 AM #184225
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

    April 10, 2008 at 9:05 AM #184253
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

    April 10, 2008 at 9:05 AM #184261
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

    April 10, 2008 at 9:05 AM #184264
    SD Realtor
    Participant

    It is priced really well. Note however that this condo requires cash offers only and the HOA is not solvent. Finally this is a TDS exempt sale.

    SD Realtor

    April 10, 2008 at 9:14 AM #184221
    jpinpb
    Participant

    I understand it is a cash offer. And I would think there are probably people out there w/cash. Apparently people are competing to buy million dollar properties w/20% down. I figured there would be some investor w/cash who would probably get it and rent it out. Also, once paying cash, wouldn’t they be able to take a HELOC against it and get cash back out?

    I did not know about the HOA not being solvent and certainly that is a problem.

    April 10, 2008 at 9:14 AM #184236
    jpinpb
    Participant

    I understand it is a cash offer. And I would think there are probably people out there w/cash. Apparently people are competing to buy million dollar properties w/20% down. I figured there would be some investor w/cash who would probably get it and rent it out. Also, once paying cash, wouldn’t they be able to take a HELOC against it and get cash back out?

    I did not know about the HOA not being solvent and certainly that is a problem.

    April 10, 2008 at 9:14 AM #184263
    jpinpb
    Participant

    I understand it is a cash offer. And I would think there are probably people out there w/cash. Apparently people are competing to buy million dollar properties w/20% down. I figured there would be some investor w/cash who would probably get it and rent it out. Also, once paying cash, wouldn’t they be able to take a HELOC against it and get cash back out?

    I did not know about the HOA not being solvent and certainly that is a problem.

    April 10, 2008 at 9:14 AM #184272
    jpinpb
    Participant

    I understand it is a cash offer. And I would think there are probably people out there w/cash. Apparently people are competing to buy million dollar properties w/20% down. I figured there would be some investor w/cash who would probably get it and rent it out. Also, once paying cash, wouldn’t they be able to take a HELOC against it and get cash back out?

    I did not know about the HOA not being solvent and certainly that is a problem.

    April 10, 2008 at 9:14 AM #184277
    jpinpb
    Participant

    I understand it is a cash offer. And I would think there are probably people out there w/cash. Apparently people are competing to buy million dollar properties w/20% down. I figured there would be some investor w/cash who would probably get it and rent it out. Also, once paying cash, wouldn’t they be able to take a HELOC against it and get cash back out?

    I did not know about the HOA not being solvent and certainly that is a problem.

    April 10, 2008 at 9:27 AM #184235
    recordsclerk
    Participant

    SD Realtor,

    What does that mean that the HOA is not solvent? Thanks for your comments. I appreciate the information you provide to this site. You are a piggington asset.

    April 10, 2008 at 9:27 AM #184251
    recordsclerk
    Participant

    SD Realtor,

    What does that mean that the HOA is not solvent? Thanks for your comments. I appreciate the information you provide to this site. You are a piggington asset.

    April 10, 2008 at 9:27 AM #184278
    recordsclerk
    Participant

    SD Realtor,

    What does that mean that the HOA is not solvent? Thanks for your comments. I appreciate the information you provide to this site. You are a piggington asset.

    April 10, 2008 at 9:27 AM #184285
    recordsclerk
    Participant

    SD Realtor,

    What does that mean that the HOA is not solvent? Thanks for your comments. I appreciate the information you provide to this site. You are a piggington asset.

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