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  • June 1, 2009 at 12:55 PM #409111
    ocrenter
    Participant

    this whole neighborhood is set up for additional bargains. the homes were built in 2004-2005 at the peak of the bubble by K.Hovnanian.

    Here’s another decent sale recently.

    16050 Palomino Valley Rd San Diego CA 92127
    5 beds, 4.5 baths, 4,570 sq ft
    –03/19/2009: $850,000

    I suspect if the buyer of the house for $661k were to flip it, he’ll definately have buyers at $800k to $850k. Which at the very worse means a $100k pre-tax profit after the 6% commission.

    June 1, 2009 at 1:01 PM #408426
    jpinpb
    Participant

    Well, if he bought on the steps for 661k and assumed the second for 274k, it’s not looking like that great a deal at this point. Don’t know about any other liens, property tax, etc.

    June 1, 2009 at 1:01 PM #408664
    jpinpb
    Participant

    Well, if he bought on the steps for 661k and assumed the second for 274k, it’s not looking like that great a deal at this point. Don’t know about any other liens, property tax, etc.

    June 1, 2009 at 1:01 PM #408912
    jpinpb
    Participant

    Well, if he bought on the steps for 661k and assumed the second for 274k, it’s not looking like that great a deal at this point. Don’t know about any other liens, property tax, etc.

    June 1, 2009 at 1:01 PM #408973
    jpinpb
    Participant

    Well, if he bought on the steps for 661k and assumed the second for 274k, it’s not looking like that great a deal at this point. Don’t know about any other liens, property tax, etc.

    June 1, 2009 at 1:01 PM #409126
    jpinpb
    Participant

    Well, if he bought on the steps for 661k and assumed the second for 274k, it’s not looking like that great a deal at this point. Don’t know about any other liens, property tax, etc.

    June 1, 2009 at 1:02 PM #408431
    SD Realtor
    Participant

    second is wiped out.

    June 1, 2009 at 1:02 PM #408669
    SD Realtor
    Participant

    second is wiped out.

    June 1, 2009 at 1:02 PM #408917
    SD Realtor
    Participant

    second is wiped out.

    June 1, 2009 at 1:02 PM #408978
    SD Realtor
    Participant

    second is wiped out.

    June 1, 2009 at 1:02 PM #409131
    SD Realtor
    Participant

    second is wiped out.

    June 1, 2009 at 1:08 PM #408436
    ocrenter
    Participant

    [quote=SD Realtor]second is wiped out. [/quote]

    that is why it has been so difficult for folks to get purchase money seconds after the bubble burst.

    June 1, 2009 at 1:08 PM #408674
    ocrenter
    Participant

    [quote=SD Realtor]second is wiped out. [/quote]

    that is why it has been so difficult for folks to get purchase money seconds after the bubble burst.

    June 1, 2009 at 1:08 PM #408922
    ocrenter
    Participant

    [quote=SD Realtor]second is wiped out. [/quote]

    that is why it has been so difficult for folks to get purchase money seconds after the bubble burst.

    June 1, 2009 at 1:08 PM #408983
    ocrenter
    Participant

    [quote=SD Realtor]second is wiped out. [/quote]

    that is why it has been so difficult for folks to get purchase money seconds after the bubble burst.

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