May 28, 2006 at 8:14 PM #6645contentrenterParticipant
Of course I've seen properties marked "reduced" or "must sell!", which is not new. What has surprised me is that I've now seen "foreclosure imminent!"
From reading this site, I had gleaned that decent agents would never advertize their clients' godawful financial situation. In fact, I believe that a realtor who regularly posts on this site, and who seems to really have his act together, earlier opined that no agent worth his or her salt would reveal that kind of information.
So, what gives? Bad agent? Truly desperate seller? New Jedi mind trick?May 28, 2006 at 8:16 PM #26001john67elcoParticipant
lol new jedi mind trick.. I think sellers are playing the "give me a low ball offer so I can reject it" syndrome.May 29, 2006 at 8:13 AM #26007PDParticipant
All of these signs should read, "Fool seeks greater fool for Ponzi scheme."May 29, 2006 at 10:33 AM #260084plexownerParticipant
for you Star Trek fans:
Resistance is futile.
Your paper equity will be assimilated.
Your house will be added to The Collective Inventory of Unsold Houses That Will Ultimately Become Rentals.
You will adapt to service your debt to The Collective Bank for the rest of your life.
Resistance is futile.May 30, 2006 at 7:41 AM #26013BugsParticipant
I doubt they’re disclosing the foreclosures because they want to. They’re doing it because they need to move that property as soon as possible before the losses rack up farther.
I have to guess that for all the listings that mention the “F” word there are still others that are in the same boat but are not being marketed that way. That leads me to wonder how many of them there really are.June 6, 2006 at 11:27 AM #26327john67elcoParticipant
Can anyone point me to where one of these signs are located? I want to get a pic for my new site.
“You say housing market will keep rising? Then your stupid for not buying as many homes as you can right now!!!!!!!!!”June 6, 2006 at 6:29 PM #26357contentrenterParticipant
The last one I saw was at one of the RE offices on the east side of India, north of Beech. Or Cedar. Little Italy.
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