- This topic has 71 replies, 11 voices, and was last updated 17 years, 3 months ago by SD Realtor.
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July 31, 2007 at 11:01 AM #68980July 31, 2007 at 11:01 AM #68911SD RealtorParticipant
Thank you sdr. As you know, my mistakes were more typographical in nature because there is a 502 and a 503 as well as an 1802 and 1803 on the MLS. So call my dyslexic however not shoddy reporting.
So bottom line is that this was a 40% drop downtown!
SD Realtor
July 31, 2007 at 11:04 AM #68913NotCrankyParticipant“Got Chunks?”
July 31, 2007 at 11:04 AM #68982NotCrankyParticipant“Got Chunks?”
July 31, 2007 at 11:29 AM #68930sdrealtorParticipant“Got Fraud?”
July 31, 2007 at 11:29 AM #69001sdrealtorParticipant“Got Fraud?”
July 31, 2007 at 11:40 AM #68934NotCrankyParticipantMaybe we’d have to comp out that other sale at closing. Things are looking more chunky. It use to be some newbie would fly over here and post a loss that always turned out wrong . Usually just a first trust deed amount with the vanishing second. Now folks are coming over here more and more with surprising numbers and they are sticking. I’ll do a better survey later. Gotta pour couple of stairs and a slab today between posts.
Have a good day.
July 31, 2007 at 11:40 AM #69005NotCrankyParticipantMaybe we’d have to comp out that other sale at closing. Things are looking more chunky. It use to be some newbie would fly over here and post a loss that always turned out wrong . Usually just a first trust deed amount with the vanishing second. Now folks are coming over here more and more with surprising numbers and they are sticking. I’ll do a better survey later. Gotta pour couple of stairs and a slab today between posts.
Have a good day.
July 31, 2007 at 11:43 AM #69007SD RealtorParticipantYes I would absolutely agree that this case smacks of fraud. I took a quick look at the comps for the timeframe of the sale. Nothing gets close to it. This sale was not recorded on the MLS as well. The buyer financed it 100%. The originating lender was First Franklin.
How this appraised, I have no idea.
This is a definite fraud in my mind.
I wonder which tranche this loan ended up in…
SD Realtor
July 31, 2007 at 11:43 AM #68936SD RealtorParticipantYes I would absolutely agree that this case smacks of fraud. I took a quick look at the comps for the timeframe of the sale. Nothing gets close to it. This sale was not recorded on the MLS as well. The buyer financed it 100%. The originating lender was First Franklin.
How this appraised, I have no idea.
This is a definite fraud in my mind.
I wonder which tranche this loan ended up in…
SD Realtor
July 31, 2007 at 12:11 PM #68947sdrealtorParticipantI am starting to see some signs of chunkiness from the only place I can see it coming, the lenders. The good REO guys are getting the lenders attention these days and pricing to sell. I know of a couple REO properties that had 7 offers last week because they were truly priced to sell. In certain areas these will become the market. However, in most of the areas I work there is very little REO activity and what little there is can sell near retail.
July 31, 2007 at 12:11 PM #69017sdrealtorParticipantI am starting to see some signs of chunkiness from the only place I can see it coming, the lenders. The good REO guys are getting the lenders attention these days and pricing to sell. I know of a couple REO properties that had 7 offers last week because they were truly priced to sell. In certain areas these will become the market. However, in most of the areas I work there is very little REO activity and what little there is can sell near retail.
August 9, 2007 at 11:09 PM #72622PerryChaseParticipantThey’re still living the high life downtown.
http://www.signonsandiego.com/uniontrib/20070805/news_lz1h05hirise.html
Do you remember the Paladion? That’s another sign of being a San Diegan.
August 9, 2007 at 11:09 PM #72748PerryChaseParticipantThey’re still living the high life downtown.
http://www.signonsandiego.com/uniontrib/20070805/news_lz1h05hirise.html
Do you remember the Paladion? That’s another sign of being a San Diegan.
August 9, 2007 at 11:09 PM #72741PerryChaseParticipantThey’re still living the high life downtown.
http://www.signonsandiego.com/uniontrib/20070805/news_lz1h05hirise.html
Do you remember the Paladion? That’s another sign of being a San Diegan.
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