Repos and Resales, mind the gap

[Navydoc]

“I wonder how the new law eliminating tax liability for short sales will boost the big chunks and set lower comps as we move forward.”

I have to believe this is removing yet another block to people just walking away, which is why I’ve always supported the concept of removing the tax punishment, as it favors speeding the collapse, and subsequent recovery. In my mind this is the ONLY government intervention that makes any sense at all. Perhaps it makes the banks the bagholders in the end, but so be it.

I’m admittedly not economically savvy enough to know which is better or the economy as a whole, a slow decline or a rapid crash, but I know which is better for me. I’ll take the crash please….

[CVFanGirl]

Sales history on House B shows 11/07/2007 $626,850

Something isn’t right obviously

[CVFanGirl]

Sales history on House B shows 11/07/2007 $626,850

Something isn’t right obviously

[CVFanGirl]

Sales history on House B shows 11/07/2007 $626,850

Something isn’t right obviously

[CVFanGirl]

Sales history on House B shows 11/07/2007 $626,850

Something isn’t right obviously

[CVFanGirl]

Sales history on House B shows 11/07/2007 $626,850

Something isn’t right obviously

[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[ucodegen]

@pizzaman

http://www.redfin.com/stingray/do/printable-listing?listing-id=1162064

What, the Realtor could not afford a decent point and shoot? Looks like the pictures were taken with a cheap camera phone. Only one image looks focused. What a way to represent your client!

House A, 800k, nice pool and some upgrades

http://www.redfin.com/stingray/do/printable-listing?listing-id=1003623

House B, 417K, the exact same house on a different street but without the interior pictures, they both are on the golf course. How bad can it be inside?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1353217

These houses also show different sq footage, lot size and number of rooms… though from the outside, they look the same.

[ucodegen]

@pizzaman

http://www.redfin.com/stingray/do/printable-listing?listing-id=1162064

What, the Realtor could not afford a decent point and shoot? Looks like the pictures were taken with a cheap camera phone. Only one image looks focused. What a way to represent your client!

House A, 800k, nice pool and some upgrades

http://www.redfin.com/stingray/do/printable-listing?listing-id=1003623

House B, 417K, the exact same house on a different street but without the interior pictures, they both are on the golf course. How bad can it be inside?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1353217

These houses also show different sq footage, lot size and number of rooms… though from the outside, they look the same.

[ucodegen]

@pizzaman

http://www.redfin.com/stingray/do/printable-listing?listing-id=1162064

What, the Realtor could not afford a decent point and shoot? Looks like the pictures were taken with a cheap camera phone. Only one image looks focused. What a way to represent your client!

House A, 800k, nice pool and some upgrades

http://www.redfin.com/stingray/do/printable-listing?listing-id=1003623

House B, 417K, the exact same house on a different street but without the interior pictures, they both are on the golf course. How bad can it be inside?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1353217

These houses also show different sq footage, lot size and number of rooms… though from the outside, they look the same.

[ucodegen]

@pizzaman

http://www.redfin.com/stingray/do/printable-listing?listing-id=1162064

What, the Realtor could not afford a decent point and shoot? Looks like the pictures were taken with a cheap camera phone. Only one image looks focused. What a way to represent your client!

House A, 800k, nice pool and some upgrades

http://www.redfin.com/stingray/do/printable-listing?listing-id=1003623

House B, 417K, the exact same house on a different street but without the interior pictures, they both are on the golf course. How bad can it be inside?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1353217

These houses also show different sq footage, lot size and number of rooms… though from the outside, they look the same.

[Author]

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