IvyGate properties in 4S Ranch

[jpinpb]

[quote=Eugene]The former owner of 16344 Winecreek got his notice of default on … (drumroll)… April 24, 2008. I wonder how he managed to hold on to the property for that long?[/quote]

Banks are dragging their feet, or haven’t you heard. Maybe he made a payment here and there, just enough to prolong the process. Seeing properties not go to foreclosure in a year and a half is not uncommon.

I see places that go to foreclosure and very often it takes a year plus.

[ocrenter]

[quote=Eugene]The former owner of 16344 Winecreek got his notice of default on … (drumroll)… April 24, 2008. I wonder how he managed to hold on to the property for that long?[/quote]

I believe he enrolled in the 2 year free rent for keys program. He is now applying for an extension… time will tell if he is successful.

[ocrenter]

[quote=Eugene]The former owner of 16344 Winecreek got his notice of default on … (drumroll)… April 24, 2008. I wonder how he managed to hold on to the property for that long?[/quote]

I believe he enrolled in the 2 year free rent for keys program. He is now applying for an extension… time will tell if he is successful.

[ocrenter]

[quote=Eugene]The former owner of 16344 Winecreek got his notice of default on … (drumroll)… April 24, 2008. I wonder how he managed to hold on to the property for that long?[/quote]

I believe he enrolled in the 2 year free rent for keys program. He is now applying for an extension… time will tell if he is successful.

[ocrenter]

[quote=Eugene]The former owner of 16344 Winecreek got his notice of default on … (drumroll)… April 24, 2008. I wonder how he managed to hold on to the property for that long?[/quote]

I believe he enrolled in the 2 year free rent for keys program. He is now applying for an extension… time will tell if he is successful.

[ocrenter]

[quote=Eugene]The former owner of 16344 Winecreek got his notice of default on … (drumroll)… April 24, 2008. I wonder how he managed to hold on to the property for that long?[/quote]

I believe he enrolled in the 2 year free rent for keys program. He is now applying for an extension… time will tell if he is successful.

[briansd1]

[quote=AN] Any idea when we’ll see that tsunami? I know a few who could use some good news.[/quote]

There would have been a tsunami had the government not interfered.

The slow continual trickle will achieve the same thing. The pain is just spread out over a longer time and over several generations.

The real estate market will not return to normal until it’s comprised of organic supply and demand.

[briansd1]

[quote=AN] Any idea when we’ll see that tsunami? I know a few who could use some good news.[/quote]

There would have been a tsunami had the government not interfered.

The slow continual trickle will achieve the same thing. The pain is just spread out over a longer time and over several generations.

The real estate market will not return to normal until it’s comprised of organic supply and demand.

[briansd1]

[quote=AN] Any idea when we’ll see that tsunami? I know a few who could use some good news.[/quote]

There would have been a tsunami had the government not interfered.

The slow continual trickle will achieve the same thing. The pain is just spread out over a longer time and over several generations.

The real estate market will not return to normal until it’s comprised of organic supply and demand.

[briansd1]

[quote=AN] Any idea when we’ll see that tsunami? I know a few who could use some good news.[/quote]

There would have been a tsunami had the government not interfered.

The slow continual trickle will achieve the same thing. The pain is just spread out over a longer time and over several generations.

The real estate market will not return to normal until it’s comprised of organic supply and demand.

[briansd1]

[quote=AN] Any idea when we’ll see that tsunami? I know a few who could use some good news.[/quote]

There would have been a tsunami had the government not interfered.

The slow continual trickle will achieve the same thing. The pain is just spread out over a longer time and over several generations.

The real estate market will not return to normal until it’s comprised of organic supply and demand.

[jpinpb]

I was thinking the same thing. Rather than an abrupt, sharp, shocking drop, they are dragging this out for years as the declines continue slowly w/an occasional little rise to raise one’s spirits and give them hope, but nevertheless continuing down. All the while, the government will claim to have tried their best to help.

I’m not seeing much organic supply. The few that were not short sales or REOs were asking more than comps and were listed for a very long time. And some of those returned on the market w/NODs and/or short sales.

Not saying there isn’t any at all. They maybe are one or two here and there. Certainly not a high percentage.

[jpinpb]

I was thinking the same thing. Rather than an abrupt, sharp, shocking drop, they are dragging this out for years as the declines continue slowly w/an occasional little rise to raise one’s spirits and give them hope, but nevertheless continuing down. All the while, the government will claim to have tried their best to help.

I’m not seeing much organic supply. The few that were not short sales or REOs were asking more than comps and were listed for a very long time. And some of those returned on the market w/NODs and/or short sales.

Not saying there isn’t any at all. They maybe are one or two here and there. Certainly not a high percentage.

[jpinpb]

I was thinking the same thing. Rather than an abrupt, sharp, shocking drop, they are dragging this out for years as the declines continue slowly w/an occasional little rise to raise one’s spirits and give them hope, but nevertheless continuing down. All the while, the government will claim to have tried their best to help.

I’m not seeing much organic supply. The few that were not short sales or REOs were asking more than comps and were listed for a very long time. And some of those returned on the market w/NODs and/or short sales.

Not saying there isn’t any at all. They maybe are one or two here and there. Certainly not a high percentage.

[jpinpb]

I was thinking the same thing. Rather than an abrupt, sharp, shocking drop, they are dragging this out for years as the declines continue slowly w/an occasional little rise to raise one’s spirits and give them hope, but nevertheless continuing down. All the while, the government will claim to have tried their best to help.

I’m not seeing much organic supply. The few that were not short sales or REOs were asking more than comps and were listed for a very long time. And some of those returned on the market w/NODs and/or short sales.

Not saying there isn’t any at all. They maybe are one or two here and there. Certainly not a high percentage.

[Author]

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