- This topic has 75 replies, 6 voices, and was last updated 16 years, 2 months ago by
SD Realtor.
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September 22, 2009 at 4:53 PM #461105September 22, 2009 at 5:36 PM #460318
jpinpb
ParticipantI have seen 1968 Oliver be contingent at 399k, now reduced at 352k, but not contingent, so I was not thinking anything suspicious. Perhaps they didn’t get funding or appraisal was insufficient or some other contingency that hindered closing.
[quote=CA renter]Definitely a rigged game…
I’m feeling like an idiot now for not wanting to take on debt and huge mortgages we couldn’t pay off. The way things turned out, we should have bought a $2MM property in RSF a few years ago and lived rent-free all this time, then had the govt step in and “rescue” us, so we could short sell it back to ourselves for $500K.
Will this ever end???? :([/quote]
Ditto!
September 22, 2009 at 5:36 PM #460509ParticipantI have seen 1968 Oliver be contingent at 399k, now reduced at 352k, but not contingent, so I was not thinking anything suspicious. Perhaps they didn’t get funding or appraisal was insufficient or some other contingency that hindered closing.
[quote=CA renter]Definitely a rigged game…
I’m feeling like an idiot now for not wanting to take on debt and huge mortgages we couldn’t pay off. The way things turned out, we should have bought a $2MM property in RSF a few years ago and lived rent-free all this time, then had the govt step in and “rescue” us, so we could short sell it back to ourselves for $500K.
Will this ever end???? :([/quote]
Ditto!
September 22, 2009 at 5:36 PM #460850ParticipantI have seen 1968 Oliver be contingent at 399k, now reduced at 352k, but not contingent, so I was not thinking anything suspicious. Perhaps they didn’t get funding or appraisal was insufficient or some other contingency that hindered closing.
[quote=CA renter]Definitely a rigged game…
I’m feeling like an idiot now for not wanting to take on debt and huge mortgages we couldn’t pay off. The way things turned out, we should have bought a $2MM property in RSF a few years ago and lived rent-free all this time, then had the govt step in and “rescue” us, so we could short sell it back to ourselves for $500K.
Will this ever end???? :([/quote]
Ditto!
September 22, 2009 at 5:36 PM #460922ParticipantI have seen 1968 Oliver be contingent at 399k, now reduced at 352k, but not contingent, so I was not thinking anything suspicious. Perhaps they didn’t get funding or appraisal was insufficient or some other contingency that hindered closing.
[quote=CA renter]Definitely a rigged game…
I’m feeling like an idiot now for not wanting to take on debt and huge mortgages we couldn’t pay off. The way things turned out, we should have bought a $2MM property in RSF a few years ago and lived rent-free all this time, then had the govt step in and “rescue” us, so we could short sell it back to ourselves for $500K.
Will this ever end???? :([/quote]
Ditto!
September 22, 2009 at 5:36 PM #461124ParticipantI have seen 1968 Oliver be contingent at 399k, now reduced at 352k, but not contingent, so I was not thinking anything suspicious. Perhaps they didn’t get funding or appraisal was insufficient or some other contingency that hindered closing.
[quote=CA renter]Definitely a rigged game…
I’m feeling like an idiot now for not wanting to take on debt and huge mortgages we couldn’t pay off. The way things turned out, we should have bought a $2MM property in RSF a few years ago and lived rent-free all this time, then had the govt step in and “rescue” us, so we could short sell it back to ourselves for $500K.
Will this ever end???? :([/quote]
Ditto!
September 22, 2009 at 5:37 PM #460323Participant4230 Albatross is very suspicious, though.
September 22, 2009 at 5:37 PM #460514Participant4230 Albatross is very suspicious, though.
September 22, 2009 at 5:37 PM #460855Participant4230 Albatross is very suspicious, though.
September 22, 2009 at 5:37 PM #460927Participant4230 Albatross is very suspicious, though.
September 22, 2009 at 5:37 PM #461129Participant4230 Albatross is very suspicious, though.
September 22, 2009 at 6:58 PM #460333sdrealtor
ParticipantI think you are overstating the problem pretty dramatically once again. I have been involved in several dozen short sales and can conclusively say not a hint of imporpriety existed on any of them. Are there some shady goings on out there? Absolutely. And if you sit around all day looking for them you’ll find them as you likely have. But I can also say conclusively that there were shady goings on every step of the way up and down. There will always be in a capitalistic society such as the one we live in. Particulalrly in residential real estate which has always been a breeding ground for get rich quick/shady dealings. I cant say there is anymore of this going on now than any time I have seen in the past 10 years. I hear the grumblings of frustration more than an actual epidemic of fraud going on out there.
September 22, 2009 at 6:58 PM #460524ParticipantI think you are overstating the problem pretty dramatically once again. I have been involved in several dozen short sales and can conclusively say not a hint of imporpriety existed on any of them. Are there some shady goings on out there? Absolutely. And if you sit around all day looking for them you’ll find them as you likely have. But I can also say conclusively that there were shady goings on every step of the way up and down. There will always be in a capitalistic society such as the one we live in. Particulalrly in residential real estate which has always been a breeding ground for get rich quick/shady dealings. I cant say there is anymore of this going on now than any time I have seen in the past 10 years. I hear the grumblings of frustration more than an actual epidemic of fraud going on out there.
September 22, 2009 at 6:58 PM #460866ParticipantI think you are overstating the problem pretty dramatically once again. I have been involved in several dozen short sales and can conclusively say not a hint of imporpriety existed on any of them. Are there some shady goings on out there? Absolutely. And if you sit around all day looking for them you’ll find them as you likely have. But I can also say conclusively that there were shady goings on every step of the way up and down. There will always be in a capitalistic society such as the one we live in. Particulalrly in residential real estate which has always been a breeding ground for get rich quick/shady dealings. I cant say there is anymore of this going on now than any time I have seen in the past 10 years. I hear the grumblings of frustration more than an actual epidemic of fraud going on out there.
September 22, 2009 at 6:58 PM #460937ParticipantI think you are overstating the problem pretty dramatically once again. I have been involved in several dozen short sales and can conclusively say not a hint of imporpriety existed on any of them. Are there some shady goings on out there? Absolutely. And if you sit around all day looking for them you’ll find them as you likely have. But I can also say conclusively that there were shady goings on every step of the way up and down. There will always be in a capitalistic society such as the one we live in. Particulalrly in residential real estate which has always been a breeding ground for get rich quick/shady dealings. I cant say there is anymore of this going on now than any time I have seen in the past 10 years. I hear the grumblings of frustration more than an actual epidemic of fraud going on out there.
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