Home › Forums › Closed Forums › Properties or Areas › Need a good laugh… check out this listing
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SD Realtor.
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May 3, 2009 at 10:51 AM #392849May 3, 2009 at 1:00 PM #392243
Eugene
Participant[quote=SD Realtor]I didnt look at the listing. If it is a short sale though, they may have submitted a previous offer to the lender and the lender booted it and said, they will not take anything under x$.
[/quote]
Quite possible.
Problem is, a slightly smaller REO in the same subdivision closed two weeks ago for 529k. Even if they do get an offer for 668, it is unlikely that the house will appraise for that amount.
The “licensed real estate agent” has a good chance of celebrating next Thanksgiving in this house.
May 3, 2009 at 1:00 PM #392508Participant[quote=SD Realtor]I didnt look at the listing. If it is a short sale though, they may have submitted a previous offer to the lender and the lender booted it and said, they will not take anything under x$.
[/quote]
Quite possible.
Problem is, a slightly smaller REO in the same subdivision closed two weeks ago for 529k. Even if they do get an offer for 668, it is unlikely that the house will appraise for that amount.
The “licensed real estate agent” has a good chance of celebrating next Thanksgiving in this house.
May 3, 2009 at 1:00 PM #392719Participant[quote=SD Realtor]I didnt look at the listing. If it is a short sale though, they may have submitted a previous offer to the lender and the lender booted it and said, they will not take anything under x$.
[/quote]
Quite possible.
Problem is, a slightly smaller REO in the same subdivision closed two weeks ago for 529k. Even if they do get an offer for 668, it is unlikely that the house will appraise for that amount.
The “licensed real estate agent” has a good chance of celebrating next Thanksgiving in this house.
May 3, 2009 at 1:00 PM #392771Participant[quote=SD Realtor]I didnt look at the listing. If it is a short sale though, they may have submitted a previous offer to the lender and the lender booted it and said, they will not take anything under x$.
[/quote]
Quite possible.
Problem is, a slightly smaller REO in the same subdivision closed two weeks ago for 529k. Even if they do get an offer for 668, it is unlikely that the house will appraise for that amount.
The “licensed real estate agent” has a good chance of celebrating next Thanksgiving in this house.
May 3, 2009 at 1:00 PM #392912Participant[quote=SD Realtor]I didnt look at the listing. If it is a short sale though, they may have submitted a previous offer to the lender and the lender booted it and said, they will not take anything under x$.
[/quote]
Quite possible.
Problem is, a slightly smaller REO in the same subdivision closed two weeks ago for 529k. Even if they do get an offer for 668, it is unlikely that the house will appraise for that amount.
The “licensed real estate agent” has a good chance of celebrating next Thanksgiving in this house.
May 3, 2009 at 3:09 PM #392299SD Realtor
ParticipantYeah I know Eugene. Therein lies the problem. Most people seem to ignore the fact that the negotiator is most likely some guy sitting at a desk on the east coast somewhere. How old the BPO is we have no clue. Same with the appraisal. Similarly he may have instructions from the investors that tell him to take x$. Nobody really knows however chances are that the negotiator has no clue of the local submarket unless his data is reliable.
May 3, 2009 at 3:09 PM #392563ParticipantYeah I know Eugene. Therein lies the problem. Most people seem to ignore the fact that the negotiator is most likely some guy sitting at a desk on the east coast somewhere. How old the BPO is we have no clue. Same with the appraisal. Similarly he may have instructions from the investors that tell him to take x$. Nobody really knows however chances are that the negotiator has no clue of the local submarket unless his data is reliable.
May 3, 2009 at 3:09 PM #392774ParticipantYeah I know Eugene. Therein lies the problem. Most people seem to ignore the fact that the negotiator is most likely some guy sitting at a desk on the east coast somewhere. How old the BPO is we have no clue. Same with the appraisal. Similarly he may have instructions from the investors that tell him to take x$. Nobody really knows however chances are that the negotiator has no clue of the local submarket unless his data is reliable.
May 3, 2009 at 3:09 PM #392826ParticipantYeah I know Eugene. Therein lies the problem. Most people seem to ignore the fact that the negotiator is most likely some guy sitting at a desk on the east coast somewhere. How old the BPO is we have no clue. Same with the appraisal. Similarly he may have instructions from the investors that tell him to take x$. Nobody really knows however chances are that the negotiator has no clue of the local submarket unless his data is reliable.
May 3, 2009 at 3:09 PM #392968ParticipantYeah I know Eugene. Therein lies the problem. Most people seem to ignore the fact that the negotiator is most likely some guy sitting at a desk on the east coast somewhere. How old the BPO is we have no clue. Same with the appraisal. Similarly he may have instructions from the investors that tell him to take x$. Nobody really knows however chances are that the negotiator has no clue of the local submarket unless his data is reliable.
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