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San Diego Native.
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April 30, 2008 at 1:20 PM #196784April 30, 2008 at 1:39 PM #196671
patientlywaiting
ParticipantSubmitted by Ex-SD on April 30, 2008 – 11:07am.gromit: If your friend didn't take a huge second or heloc on that house, it looks like he walked away with a chunk of change considering that he owned the home for 18 years, paid down the mortgage (or paid it off) and sold it for $320k more than he paid for it.
–Date Sold—–Price
04/28/2008—-$900,000
04/03/1990—-$580,000
09/20/1983—-$262,500————
The OP was talking about looming foreclosure. Perhaps the seller took some equity and invested it somewhere else.
April 30, 2008 at 1:39 PM #196703ParticipantSubmitted by Ex-SD on April 30, 2008 – 11:07am.gromit: If your friend didn't take a huge second or heloc on that house, it looks like he walked away with a chunk of change considering that he owned the home for 18 years, paid down the mortgage (or paid it off) and sold it for $320k more than he paid for it.
–Date Sold—–Price
04/28/2008—-$900,000
04/03/1990—-$580,000
09/20/1983—-$262,500————
The OP was talking about looming foreclosure. Perhaps the seller took some equity and invested it somewhere else.
April 30, 2008 at 1:39 PM #196728ParticipantSubmitted by Ex-SD on April 30, 2008 – 11:07am.gromit: If your friend didn't take a huge second or heloc on that house, it looks like he walked away with a chunk of change considering that he owned the home for 18 years, paid down the mortgage (or paid it off) and sold it for $320k more than he paid for it.
–Date Sold—–Price
04/28/2008—-$900,000
04/03/1990—-$580,000
09/20/1983—-$262,500————
The OP was talking about looming foreclosure. Perhaps the seller took some equity and invested it somewhere else.
April 30, 2008 at 1:39 PM #196750ParticipantSubmitted by Ex-SD on April 30, 2008 – 11:07am.gromit: If your friend didn't take a huge second or heloc on that house, it looks like he walked away with a chunk of change considering that he owned the home for 18 years, paid down the mortgage (or paid it off) and sold it for $320k more than he paid for it.
–Date Sold—–Price
04/28/2008—-$900,000
04/03/1990—-$580,000
09/20/1983—-$262,500————
The OP was talking about looming foreclosure. Perhaps the seller took some equity and invested it somewhere else.
April 30, 2008 at 1:39 PM #196789ParticipantSubmitted by Ex-SD on April 30, 2008 – 11:07am.gromit: If your friend didn't take a huge second or heloc on that house, it looks like he walked away with a chunk of change considering that he owned the home for 18 years, paid down the mortgage (or paid it off) and sold it for $320k more than he paid for it.
–Date Sold—–Price
04/28/2008—-$900,000
04/03/1990—-$580,000
09/20/1983—-$262,500————
The OP was talking about looming foreclosure. Perhaps the seller took some equity and invested it somewhere else.
April 30, 2008 at 2:06 PM #196686San Diego Native
ParticipantGlad your friend was able to get $300K out of the house. Things like this happen where someone needs to sell their home, but in the meantime, they’ve had many years of enjoyment–living in a beautiful environment and enjoying their lives. Good luck to your friend.
Many friends and family live in the 92106/92107 zips, and they paid less than $100K for their ocean view homes, as did many who live in those zip codes–since their homes were purchased way before the boom with no HELOC’s.
Should they “need” to sell in the next few years, which is highly unlikely, they’ll still be fine.
April 30, 2008 at 2:06 PM #196717ParticipantGlad your friend was able to get $300K out of the house. Things like this happen where someone needs to sell their home, but in the meantime, they’ve had many years of enjoyment–living in a beautiful environment and enjoying their lives. Good luck to your friend.
Many friends and family live in the 92106/92107 zips, and they paid less than $100K for their ocean view homes, as did many who live in those zip codes–since their homes were purchased way before the boom with no HELOC’s.
Should they “need” to sell in the next few years, which is highly unlikely, they’ll still be fine.
April 30, 2008 at 2:06 PM #196743ParticipantGlad your friend was able to get $300K out of the house. Things like this happen where someone needs to sell their home, but in the meantime, they’ve had many years of enjoyment–living in a beautiful environment and enjoying their lives. Good luck to your friend.
Many friends and family live in the 92106/92107 zips, and they paid less than $100K for their ocean view homes, as did many who live in those zip codes–since their homes were purchased way before the boom with no HELOC’s.
Should they “need” to sell in the next few years, which is highly unlikely, they’ll still be fine.
April 30, 2008 at 2:06 PM #196765ParticipantGlad your friend was able to get $300K out of the house. Things like this happen where someone needs to sell their home, but in the meantime, they’ve had many years of enjoyment–living in a beautiful environment and enjoying their lives. Good luck to your friend.
Many friends and family live in the 92106/92107 zips, and they paid less than $100K for their ocean view homes, as did many who live in those zip codes–since their homes were purchased way before the boom with no HELOC’s.
Should they “need” to sell in the next few years, which is highly unlikely, they’ll still be fine.
April 30, 2008 at 2:06 PM #196805ParticipantGlad your friend was able to get $300K out of the house. Things like this happen where someone needs to sell their home, but in the meantime, they’ve had many years of enjoyment–living in a beautiful environment and enjoying their lives. Good luck to your friend.
Many friends and family live in the 92106/92107 zips, and they paid less than $100K for their ocean view homes, as did many who live in those zip codes–since their homes were purchased way before the boom with no HELOC’s.
Should they “need” to sell in the next few years, which is highly unlikely, they’ll still be fine.
April 30, 2008 at 2:20 PM #196696ParticipantSan Diego Native, you sound just like Katie Kouric. I’m glad CBS is firing her ass.
April 30, 2008 at 2:20 PM #196727ParticipantSan Diego Native, you sound just like Katie Kouric. I’m glad CBS is firing her ass.
April 30, 2008 at 2:20 PM #196753ParticipantSan Diego Native, you sound just like Katie Kouric. I’m glad CBS is firing her ass.
April 30, 2008 at 2:20 PM #196775ParticipantSan Diego Native, you sound just like Katie Kouric. I’m glad CBS is firing her ass.
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