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  • March 31, 2009 at 12:12 PM #15400
    AK
    Participant

    http://lansner.freedomblogging.com/2009/03/25/oc-prognosticator-defaults-on-rental-house/17639/

    Exactly the sort of person who shouldn’t be allowed to benefit from a short sale …

    [quote]
    In July 2005, while predicting a 15% gain in Orange County home prices, real estate prognosticator Gary Watts put about $77,000 down and bought a $765,000 rental home in Rancho Santa Margarita.

    At first, he was pleased with the deal. A year later, the home’s value had jumped at least 8% to around $825,000 or more.

    Today, however, Watts has defaulted on the home’s loan after the price dropped 22% from that original sale price. He’s currently in escrow, seeking his lender’s approval to sell it for nearly $93,000 less than he owes on it.

    “I can make the payments. That’s not the issue. It’s a business decision,” Watts said. “I tried to work with the lender. The lender didn’t help. They said, go ahead, do a short sale. It’s strictly business.”
    [/quote]

    March 31, 2009 at 12:36 PM #375012
    waiting hawk
    Participant

    This is the best ever!

    March 31, 2009 at 12:36 PM #375294
    waiting hawk
    Participant

    This is the best ever!

    March 31, 2009 at 12:36 PM #375471
    waiting hawk
    Participant

    This is the best ever!

    March 31, 2009 at 12:36 PM #375515
    waiting hawk
    Participant

    This is the best ever!

    March 31, 2009 at 12:36 PM #375638
    waiting hawk
    Participant

    This is the best ever!

    March 31, 2009 at 12:45 PM #375022
    teatsonabull
    Participant

    Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!

    March 31, 2009 at 12:45 PM #375304
    teatsonabull
    Participant

    Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!

    March 31, 2009 at 12:45 PM #375481
    teatsonabull
    Participant

    Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!

    March 31, 2009 at 12:45 PM #375525
    teatsonabull
    Participant

    Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!

    March 31, 2009 at 12:45 PM #375648
    teatsonabull
    Participant

    Is Larry David behind this? I mean, seriously, this is some of the funniest shit ever written…funnier than “The Office” by far…this is “Seinfeld” caliber material!

    March 31, 2009 at 3:08 PM #375047
    IONEGARM
    Participant

    He owns a few other properties. I’m guessing this isn’t the last one of these we see.

    March 31, 2009 at 3:08 PM #375329
    IONEGARM
    Participant

    He owns a few other properties. I’m guessing this isn’t the last one of these we see.

    March 31, 2009 at 3:08 PM #375507
    IONEGARM
    Participant

    He owns a few other properties. I’m guessing this isn’t the last one of these we see.

    March 31, 2009 at 3:08 PM #375550
    IONEGARM
    Participant

    He owns a few other properties. I’m guessing this isn’t the last one of these we see.

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