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  • December 5, 2007 at 10:17 PM #110109
    PadreBrian
    Participant

    That should sell well.

    It’s another no money down, paid too much, variable intrest rate story.

    December 5, 2007 at 11:08 PM #110002
    Eugene
    Participant

    Wow. On one tiny street (50-ish homes) we have:

    1271 Silver Hawk Way (2,963 sf) – $750k to $791k, original sale $608k (??)
    1304 Silver Hawk Way (3,096 sf) – $650k, original sale $911k
    1308 Silver Hawk Way (3,381 sf) – $610k to $626k, original sale $1.06m
    1315 Silver Hawk Way (3,136 sf) – $700k to $725k, original sale $918k
    1316 Silver Hawk Way (3,080 sf) – $686k, REO
    1319 Silver Hawk Way (3,381 sf) – $775k, REO
    1327 Silver Hawk Way (3,136 sf) – $625k to $650k, original sale $894.5k

    1260 Silver Hawk Way (2,565 sf) – REO, currently unlisted
    1328 Silver Hawk Way (2,909 sf) – was foreclosed and sold as a REO to a knife catcher for $740k

    December 5, 2007 at 11:08 PM #110120
    Eugene
    Participant

    Wow. On one tiny street (50-ish homes) we have:

    1271 Silver Hawk Way (2,963 sf) – $750k to $791k, original sale $608k (??)
    1304 Silver Hawk Way (3,096 sf) – $650k, original sale $911k
    1308 Silver Hawk Way (3,381 sf) – $610k to $626k, original sale $1.06m
    1315 Silver Hawk Way (3,136 sf) – $700k to $725k, original sale $918k
    1316 Silver Hawk Way (3,080 sf) – $686k, REO
    1319 Silver Hawk Way (3,381 sf) – $775k, REO
    1327 Silver Hawk Way (3,136 sf) – $625k to $650k, original sale $894.5k

    1260 Silver Hawk Way (2,565 sf) – REO, currently unlisted
    1328 Silver Hawk Way (2,909 sf) – was foreclosed and sold as a REO to a knife catcher for $740k

    December 5, 2007 at 11:08 PM #110148
    Eugene
    Participant

    Wow. On one tiny street (50-ish homes) we have:

    1271 Silver Hawk Way (2,963 sf) – $750k to $791k, original sale $608k (??)
    1304 Silver Hawk Way (3,096 sf) – $650k, original sale $911k
    1308 Silver Hawk Way (3,381 sf) – $610k to $626k, original sale $1.06m
    1315 Silver Hawk Way (3,136 sf) – $700k to $725k, original sale $918k
    1316 Silver Hawk Way (3,080 sf) – $686k, REO
    1319 Silver Hawk Way (3,381 sf) – $775k, REO
    1327 Silver Hawk Way (3,136 sf) – $625k to $650k, original sale $894.5k

    1260 Silver Hawk Way (2,565 sf) – REO, currently unlisted
    1328 Silver Hawk Way (2,909 sf) – was foreclosed and sold as a REO to a knife catcher for $740k

    December 5, 2007 at 11:08 PM #110151
    Eugene
    Participant

    Wow. On one tiny street (50-ish homes) we have:

    1271 Silver Hawk Way (2,963 sf) – $750k to $791k, original sale $608k (??)
    1304 Silver Hawk Way (3,096 sf) – $650k, original sale $911k
    1308 Silver Hawk Way (3,381 sf) – $610k to $626k, original sale $1.06m
    1315 Silver Hawk Way (3,136 sf) – $700k to $725k, original sale $918k
    1316 Silver Hawk Way (3,080 sf) – $686k, REO
    1319 Silver Hawk Way (3,381 sf) – $775k, REO
    1327 Silver Hawk Way (3,136 sf) – $625k to $650k, original sale $894.5k

    1260 Silver Hawk Way (2,565 sf) – REO, currently unlisted
    1328 Silver Hawk Way (2,909 sf) – was foreclosed and sold as a REO to a knife catcher for $740k

    December 5, 2007 at 11:08 PM #110167
    Eugene
    Participant

    Wow. On one tiny street (50-ish homes) we have:

    1271 Silver Hawk Way (2,963 sf) – $750k to $791k, original sale $608k (??)
    1304 Silver Hawk Way (3,096 sf) – $650k, original sale $911k
    1308 Silver Hawk Way (3,381 sf) – $610k to $626k, original sale $1.06m
    1315 Silver Hawk Way (3,136 sf) – $700k to $725k, original sale $918k
    1316 Silver Hawk Way (3,080 sf) – $686k, REO
    1319 Silver Hawk Way (3,381 sf) – $775k, REO
    1327 Silver Hawk Way (3,136 sf) – $625k to $650k, original sale $894.5k

    1260 Silver Hawk Way (2,565 sf) – REO, currently unlisted
    1328 Silver Hawk Way (2,909 sf) – was foreclosed and sold as a REO to a knife catcher for $740k

    December 6, 2007 at 1:32 AM #110049
    Eugene
    Participant

    BTW I’m willing to bet twenty bucks that
    * It’s a short sale for at least $200k below their loan balance
    * They haven’t talked to the bank recently
    * If you make them an offer for $610k, bank will decline the short sale

    December 6, 2007 at 1:32 AM #110165
    Eugene
    Participant

    BTW I’m willing to bet twenty bucks that
    * It’s a short sale for at least $200k below their loan balance
    * They haven’t talked to the bank recently
    * If you make them an offer for $610k, bank will decline the short sale

    December 6, 2007 at 1:32 AM #110193
    Eugene
    Participant

    BTW I’m willing to bet twenty bucks that
    * It’s a short sale for at least $200k below their loan balance
    * They haven’t talked to the bank recently
    * If you make them an offer for $610k, bank will decline the short sale

    December 6, 2007 at 1:32 AM #110195
    Eugene
    Participant

    BTW I’m willing to bet twenty bucks that
    * It’s a short sale for at least $200k below their loan balance
    * They haven’t talked to the bank recently
    * If you make them an offer for $610k, bank will decline the short sale

    December 6, 2007 at 1:32 AM #110212
    Eugene
    Participant

    BTW I’m willing to bet twenty bucks that
    * It’s a short sale for at least $200k below their loan balance
    * They haven’t talked to the bank recently
    * If you make them an offer for $610k, bank will decline the short sale

    December 6, 2007 at 1:32 AM #110215
    Eugene
    Participant

    BTW I’m willing to bet twenty bucks that
    * It’s a short sale for at least $200k below their loan balance
    * They haven’t talked to the bank recently
    * If you make them an offer for $610k, bank will decline the short sale

    December 6, 2007 at 5:58 AM #110073
    BuyerWillEPB
    Participant

    esmith, I agree with you. But in my opinion, it’s the trend that is our friend here. This particular low list price might be rejected, but the important part is that another lower plateau has been breached. That means many more will follow and some of those will sell thereby setting the new comps and continuing the downward spiral.

    Would you have even dared to hope for such a listing even 1 year or 2 years ago? No way. This is more pressure in our favor (and good news for all regular families, actually).

    December 6, 2007 at 5:58 AM #110192
    BuyerWillEPB
    Participant

    esmith, I agree with you. But in my opinion, it’s the trend that is our friend here. This particular low list price might be rejected, but the important part is that another lower plateau has been breached. That means many more will follow and some of those will sell thereby setting the new comps and continuing the downward spiral.

    Would you have even dared to hope for such a listing even 1 year or 2 years ago? No way. This is more pressure in our favor (and good news for all regular families, actually).

    December 6, 2007 at 5:58 AM #110219
    BuyerWillEPB
    Participant

    esmith, I agree with you. But in my opinion, it’s the trend that is our friend here. This particular low list price might be rejected, but the important part is that another lower plateau has been breached. That means many more will follow and some of those will sell thereby setting the new comps and continuing the downward spiral.

    Would you have even dared to hope for such a listing even 1 year or 2 years ago? No way. This is more pressure in our favor (and good news for all regular families, actually).

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