Massive Equity W/Drawl Default in….Mission Hills….

[JWM in SD]

From OcRenter’s Blog

“Default in Mission Hills”

http://bubbletracking.blogspot.com/2008/05/default-in-mission-hills.html

So what do you think? Do you want to bail their well-heeled, equity extracting asses out????

Here is a clue for the dumbasses who think that the high end can’t decline: It ain’t your address that matters.

Wonder how their neighbors feel about this??

Nice Job OcRenter.

[Anonymous]

Considering that house is worth well over $1,000,000 just who is looking for a bailout? I’d be happy to write a check for $900k today to take care of the liens and give the current owners some walking around cash. And speaking of neighbors, there are two on the market right now within a couple hundred feet of them asking between $1.5 and $1.7 million. If you think a NOD on a $700k loan for a property worth at least $1.3 million automatically reduces the value of every property in the ‘hood then you know nothing about real estate.

[Anonymous]

Considering that house is worth well over $1,000,000 just who is looking for a bailout? I’d be happy to write a check for $900k today to take care of the liens and give the current owners some walking around cash. And speaking of neighbors, there are two on the market right now within a couple hundred feet of them asking between $1.5 and $1.7 million. If you think a NOD on a $700k loan for a property worth at least $1.3 million automatically reduces the value of every property in the ‘hood then you know nothing about real estate.

[Anonymous]

Considering that house is worth well over $1,000,000 just who is looking for a bailout? I’d be happy to write a check for $900k today to take care of the liens and give the current owners some walking around cash. And speaking of neighbors, there are two on the market right now within a couple hundred feet of them asking between $1.5 and $1.7 million. If you think a NOD on a $700k loan for a property worth at least $1.3 million automatically reduces the value of every property in the ‘hood then you know nothing about real estate.

[Anonymous]

Considering that house is worth well over $1,000,000 just who is looking for a bailout? I’d be happy to write a check for $900k today to take care of the liens and give the current owners some walking around cash. And speaking of neighbors, there are two on the market right now within a couple hundred feet of them asking between $1.5 and $1.7 million. If you think a NOD on a $700k loan for a property worth at least $1.3 million automatically reduces the value of every property in the ‘hood then you know nothing about real estate.

[Anonymous]

Considering that house is worth well over $1,000,000 just who is looking for a bailout? I’d be happy to write a check for $900k today to take care of the liens and give the current owners some walking around cash. And speaking of neighbors, there are two on the market right now within a couple hundred feet of them asking between $1.5 and $1.7 million. If you think a NOD on a $700k loan for a property worth at least $1.3 million automatically reduces the value of every property in the ‘hood then you know nothing about real estate.

[maybe]

How much would the house rent out for?

[maybe]

How much would the house rent out for?

[maybe]

How much would the house rent out for?

[maybe]

How much would the house rent out for?

[maybe]

How much would the house rent out for?

[JWM in SD]

“asking between $1.5 and $1.7 million” Yes, asking price. Not the same as sales price. I wonder how money was pulled out those homes in “equity” too?

“If you think a NOD on a $700k loan for a property worth at least $1.3 million automatically reduces the value of every property in the ‘hood then you know nothing about real estate.”

I guess we’ll find out won’t we when that property goes through the foreclosure process. You do know that HELOC is not non-recourse right?

“Considering that house is worth well over $1,000,000 just who is looking for a bailout? I’d be happy to write a check for $900k today to take care of the liens and give the current owners some walking around cash.”

Yes, go do that. You can pay for their vacations, hummers, and escalades they undoubetdly purchased with the HELOC money. I don’t know about you, but I don’t funding other people’s lifestyles. When you buy it, make sure that you post a photocopy of the cleared 900K check okay?

[JWM in SD]

“asking between $1.5 and $1.7 million” Yes, asking price. Not the same as sales price. I wonder how money was pulled out those homes in “equity” too?

“If you think a NOD on a $700k loan for a property worth at least $1.3 million automatically reduces the value of every property in the ‘hood then you know nothing about real estate.”

I guess we’ll find out won’t we when that property goes through the foreclosure process. You do know that HELOC is not non-recourse right?

“Considering that house is worth well over $1,000,000 just who is looking for a bailout? I’d be happy to write a check for $900k today to take care of the liens and give the current owners some walking around cash.”

Yes, go do that. You can pay for their vacations, hummers, and escalades they undoubetdly purchased with the HELOC money. I don’t know about you, but I don’t funding other people’s lifestyles. When you buy it, make sure that you post a photocopy of the cleared 900K check okay?

[JWM in SD]

“asking between $1.5 and $1.7 million” Yes, asking price. Not the same as sales price. I wonder how money was pulled out those homes in “equity” too?

“If you think a NOD on a $700k loan for a property worth at least $1.3 million automatically reduces the value of every property in the ‘hood then you know nothing about real estate.”

I guess we’ll find out won’t we when that property goes through the foreclosure process. You do know that HELOC is not non-recourse right?

“Considering that house is worth well over $1,000,000 just who is looking for a bailout? I’d be happy to write a check for $900k today to take care of the liens and give the current owners some walking around cash.”

Yes, go do that. You can pay for their vacations, hummers, and escalades they undoubetdly purchased with the HELOC money. I don’t know about you, but I don’t funding other people’s lifestyles. When you buy it, make sure that you post a photocopy of the cleared 900K check okay?

[JWM in SD]

“asking between $1.5 and $1.7 million” Yes, asking price. Not the same as sales price. I wonder how money was pulled out those homes in “equity” too?

“If you think a NOD on a $700k loan for a property worth at least $1.3 million automatically reduces the value of every property in the ‘hood then you know nothing about real estate.”

I guess we’ll find out won’t we when that property goes through the foreclosure process. You do know that HELOC is not non-recourse right?

“Considering that house is worth well over $1,000,000 just who is looking for a bailout? I’d be happy to write a check for $900k today to take care of the liens and give the current owners some walking around cash.”

Yes, go do that. You can pay for their vacations, hummers, and escalades they undoubetdly purchased with the HELOC money. I don’t know about you, but I don’t funding other people’s lifestyles. When you buy it, make sure that you post a photocopy of the cleared 900K check okay?

[Author]

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