Pacific Beach…Oooooooouch!!!

[Anonymous]

SO, the next question is what does their $1.7M “Live the swan Lifestyle” McMansion go for? The asking price of $995 seems real reasonable in this market, I bet they get several offers over asking and someone gets it for around $1.1M. Not saying it’s worth it, but North PB seems to be showing signs of late summer life (got to get kids in school, etc.) and several fixers have gone pending in that area for $700k-$800k in the past couple of weeks.

Anyone else have any guesses? Did anyone stop by the big open house to see what it looks like in person?

[NotCranky]

My guess is that they are trying to sell it to one of their friends at an under-market price in some kind of a hidden profit scam.

[NotCranky]

My guess is that they are trying to sell it to one of their friends at an under-market price in some kind of a hidden profit scam.

[NotCranky]

My guess is that they are trying to sell it to one of their friends at an under-market price in some kind of a hidden profit scam.

[NotCranky]

My guess is that they are trying to sell it to one of their friends at an under-market price in some kind of a hidden profit scam.

[NotCranky]

My guess is that they are trying to sell it to one of their friends at an under-market price in some kind of a hidden profit scam.

[jpinpb]

As I said on SDL, the realtor at the open house said the loan is 1.7.

The first is 1.3.

If they got an offer for 1.3, the second would have to agree to not take any money on their 400k note. What incentive would they have to do this? Is there something hidden in the bailout bill that says take a loss on a short sale and we’ll reimburse you?

I don’t think the second is going to take that kind of straight loss. They may go for it if it’s close, like 1.5. So the first will have to force a foreclosure and then sell it for less. JM2C

[jpinpb]

As I said on SDL, the realtor at the open house said the loan is 1.7.

The first is 1.3.

If they got an offer for 1.3, the second would have to agree to not take any money on their 400k note. What incentive would they have to do this? Is there something hidden in the bailout bill that says take a loss on a short sale and we’ll reimburse you?

I don’t think the second is going to take that kind of straight loss. They may go for it if it’s close, like 1.5. So the first will have to force a foreclosure and then sell it for less. JM2C

[jpinpb]

As I said on SDL, the realtor at the open house said the loan is 1.7.

The first is 1.3.

If they got an offer for 1.3, the second would have to agree to not take any money on their 400k note. What incentive would they have to do this? Is there something hidden in the bailout bill that says take a loss on a short sale and we’ll reimburse you?

I don’t think the second is going to take that kind of straight loss. They may go for it if it’s close, like 1.5. So the first will have to force a foreclosure and then sell it for less. JM2C

[jpinpb]

As I said on SDL, the realtor at the open house said the loan is 1.7.

The first is 1.3.

If they got an offer for 1.3, the second would have to agree to not take any money on their 400k note. What incentive would they have to do this? Is there something hidden in the bailout bill that says take a loss on a short sale and we’ll reimburse you?

I don’t think the second is going to take that kind of straight loss. They may go for it if it’s close, like 1.5. So the first will have to force a foreclosure and then sell it for less. JM2C

[jpinpb]

As I said on SDL, the realtor at the open house said the loan is 1.7.

The first is 1.3.

If they got an offer for 1.3, the second would have to agree to not take any money on their 400k note. What incentive would they have to do this? Is there something hidden in the bailout bill that says take a loss on a short sale and we’ll reimburse you?

I don’t think the second is going to take that kind of straight loss. They may go for it if it’s close, like 1.5. So the first will have to force a foreclosure and then sell it for less. JM2C

[nostradamus]

Can the 1st and 2nd agree to a split based on the % each of them loaned? If the 1st loaned 80% and the 2nd loaned 20%, then those are the percentages they get from the final sale price. Assuming they can work together.

[nostradamus]

Can the 1st and 2nd agree to a split based on the % each of them loaned? If the 1st loaned 80% and the 2nd loaned 20%, then those are the percentages they get from the final sale price. Assuming they can work together.

[nostradamus]

Can the 1st and 2nd agree to a split based on the % each of them loaned? If the 1st loaned 80% and the 2nd loaned 20%, then those are the percentages they get from the final sale price. Assuming they can work together.

[nostradamus]

Can the 1st and 2nd agree to a split based on the % each of them loaned? If the 1st loaned 80% and the 2nd loaned 20%, then those are the percentages they get from the final sale price. Assuming they can work together.

[Author]

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