REOs in San Elijio Hills-Orion

[farbet]

If I live in a house in SEH for 6 years.on a 650K house
6 times $6000 mello Roos = 36,000. Probably get about 2%or $12,000 in equity in these 6 years,if I am lucky.Bad investment.

So what happens to those tredding water and upside down, as they see the bank owned signs appear on lawns on Horizon Ct and Orion and Antilla.
Do they just walk away?

Are Walkaways on the rise?Does anyone know someone who walked away?.

2003-2007 will long be remembered.Similar conditions will never come again. We will speak about it as we speak about the great depression folks.

[North County Jim]

I live around the corner from Orion and can attest that it’s not a pretty picture. It’s the poster child for all of the insanity of 2005-06.

You’ve got bank-owned, unoccupied, non-owner occupied. There are actually some frat guys (I’m assuming from CSUSM) renting one of the houses with the requisite four cars in the driveway.

There’s a car on blocks in one of the driveways and a humongous oil stain on another driveway.

And or course plenty of unkempt yards.

But like sdr said, there is demand. I know someone who made a full-price offer on one of the REOs on Horizon and was told that it wasn’t close to being enough.

[North County Jim]

I live around the corner from Orion and can attest that it’s not a pretty picture. It’s the poster child for all of the insanity of 2005-06.

You’ve got bank-owned, unoccupied, non-owner occupied. There are actually some frat guys (I’m assuming from CSUSM) renting one of the houses with the requisite four cars in the driveway.

There’s a car on blocks in one of the driveways and a humongous oil stain on another driveway.

And or course plenty of unkempt yards.

But like sdr said, there is demand. I know someone who made a full-price offer on one of the REOs on Horizon and was told that it wasn’t close to being enough.

[North County Jim]

I live around the corner from Orion and can attest that it’s not a pretty picture. It’s the poster child for all of the insanity of 2005-06.

You’ve got bank-owned, unoccupied, non-owner occupied. There are actually some frat guys (I’m assuming from CSUSM) renting one of the houses with the requisite four cars in the driveway.

There’s a car on blocks in one of the driveways and a humongous oil stain on another driveway.

And or course plenty of unkempt yards.

But like sdr said, there is demand. I know someone who made a full-price offer on one of the REOs on Horizon and was told that it wasn’t close to being enough.

[North County Jim]

I live around the corner from Orion and can attest that it’s not a pretty picture. It’s the poster child for all of the insanity of 2005-06.

You’ve got bank-owned, unoccupied, non-owner occupied. There are actually some frat guys (I’m assuming from CSUSM) renting one of the houses with the requisite four cars in the driveway.

There’s a car on blocks in one of the driveways and a humongous oil stain on another driveway.

And or course plenty of unkempt yards.

But like sdr said, there is demand. I know someone who made a full-price offer on one of the REOs on Horizon and was told that it wasn’t close to being enough.

[North County Jim]

I live around the corner from Orion and can attest that it’s not a pretty picture. It’s the poster child for all of the insanity of 2005-06.

You’ve got bank-owned, unoccupied, non-owner occupied. There are actually some frat guys (I’m assuming from CSUSM) renting one of the houses with the requisite four cars in the driveway.

There’s a car on blocks in one of the driveways and a humongous oil stain on another driveway.

And or course plenty of unkempt yards.

But like sdr said, there is demand. I know someone who made a full-price offer on one of the REOs on Horizon and was told that it wasn’t close to being enough.

[sddorkgirl]

We actually rent a house on Orion. It really is crazy. Our neigbor said he will be walking away in the next few months. He purchased for around 950k, he could probably get 650k now, maybe. He said he will be buying a smaller place in LJ while his credit is good and then will simply walk away from the house here. He said “it’s just a business decision”.

[sddorkgirl]

We actually rent a house on Orion. It really is crazy. Our neigbor said he will be walking away in the next few months. He purchased for around 950k, he could probably get 650k now, maybe. He said he will be buying a smaller place in LJ while his credit is good and then will simply walk away from the house here. He said “it’s just a business decision”.

[sddorkgirl]

We actually rent a house on Orion. It really is crazy. Our neigbor said he will be walking away in the next few months. He purchased for around 950k, he could probably get 650k now, maybe. He said he will be buying a smaller place in LJ while his credit is good and then will simply walk away from the house here. He said “it’s just a business decision”.

[sddorkgirl]

We actually rent a house on Orion. It really is crazy. Our neigbor said he will be walking away in the next few months. He purchased for around 950k, he could probably get 650k now, maybe. He said he will be buying a smaller place in LJ while his credit is good and then will simply walk away from the house here. He said “it’s just a business decision”.

[sddorkgirl]

We actually rent a house on Orion. It really is crazy. Our neigbor said he will be walking away in the next few months. He purchased for around 950k, he could probably get 650k now, maybe. He said he will be buying a smaller place in LJ while his credit is good and then will simply walk away from the house here. He said “it’s just a business decision”.

[farbet]

NCJ
Do these buyers do their homework.I would be visiting the area at all hours to se who lives there.Once you go in its hard to get out.
92009 seems to be finally loosening up. A bit higher with less Mello Roos.

[farbet]

NCJ
Do these buyers do their homework.I would be visiting the area at all hours to se who lives there.Once you go in its hard to get out.
92009 seems to be finally loosening up. A bit higher with less Mello Roos.

[farbet]

NCJ
Do these buyers do their homework.I would be visiting the area at all hours to se who lives there.Once you go in its hard to get out.
92009 seems to be finally loosening up. A bit higher with less Mello Roos.

[farbet]

NCJ
Do these buyers do their homework.I would be visiting the area at all hours to se who lives there.Once you go in its hard to get out.
92009 seems to be finally loosening up. A bit higher with less Mello Roos.

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