Serramar in La Mesa-good time to buy now?

[recordsclerk]

7635 Seattle is scheduled for Trustees sale on 1/5/10. Maybe this is why they are in a hurry to get an offer in. I’m not sure the Bank will go for this price. There are also 7 more Serramar homes in either pre-forclosure or forclosure with dates set for Trustees. So far most of the homes that have gone to forclosure or sold short have been non-view homes. I can’t wait for the view homes to start selling. Most of these homes have very limited upgrades because the builder charged for everything.

[kcal09]

It seems that home values in this development have bottomed now. Has anybody been following “Serramar”?

[kcal09]

It seems that home values in this development have bottomed now. Has anybody been following “Serramar”?

[kcal09]

It seems that home values in this development have bottomed now. Has anybody been following “Serramar”?

[kcal09]

It seems that home values in this development have bottomed now. Has anybody been following “Serramar”?

[kcal09]

It seems that home values in this development have bottomed now. Has anybody been following “Serramar”?

[briansd1]

[quote=UCGal] it’s not their money they’re losing when they lower the price. [/quote]

That’s why I maintain that short sales is a golden opportunity for fraud if the banks make it easy. The indications are that the government wants the banks to make it easier to short-sell.

Everyone would short-sell to a friend or relative, then buy it back.

[briansd1]

[quote=UCGal] it’s not their money they’re losing when they lower the price. [/quote]

That’s why I maintain that short sales is a golden opportunity for fraud if the banks make it easy. The indications are that the government wants the banks to make it easier to short-sell.

Everyone would short-sell to a friend or relative, then buy it back.

[briansd1]

[quote=UCGal] it’s not their money they’re losing when they lower the price. [/quote]

That’s why I maintain that short sales is a golden opportunity for fraud if the banks make it easy. The indications are that the government wants the banks to make it easier to short-sell.

Everyone would short-sell to a friend or relative, then buy it back.

[briansd1]

[quote=UCGal] it’s not their money they’re losing when they lower the price. [/quote]

That’s why I maintain that short sales is a golden opportunity for fraud if the banks make it easy. The indications are that the government wants the banks to make it easier to short-sell.

Everyone would short-sell to a friend or relative, then buy it back.

[briansd1]

[quote=UCGal] it’s not their money they’re losing when they lower the price. [/quote]

That’s why I maintain that short sales is a golden opportunity for fraud if the banks make it easy. The indications are that the government wants the banks to make it easier to short-sell.

Everyone would short-sell to a friend or relative, then buy it back.

[kcal09]

[quote=recordsclerk]7635 Seattle is scheduled for Trustees sale on 1/5/10. Maybe this is why they are in a hurry to get an offer in. I’m not sure the Bank will go for this price. There are also 7 more Serramar homes in either pre-forclosure or forclosure with dates set for Trustees. So far most of the homes that have gone to forclosure or sold short have been non-view homes. I can’t wait for the view homes to start selling. Most of these homes have very limited upgrades because the builder charged for everything.[/quote]

Any idea how many of these homes are currently underwater? It’s hard to believe that some of the homes sold for over $1 million!!

[kcal09]

[quote=recordsclerk]7635 Seattle is scheduled for Trustees sale on 1/5/10. Maybe this is why they are in a hurry to get an offer in. I’m not sure the Bank will go for this price. There are also 7 more Serramar homes in either pre-forclosure or forclosure with dates set for Trustees. So far most of the homes that have gone to forclosure or sold short have been non-view homes. I can’t wait for the view homes to start selling. Most of these homes have very limited upgrades because the builder charged for everything.[/quote]

Any idea how many of these homes are currently underwater? It’s hard to believe that some of the homes sold for over $1 million!!

[kcal09]

[quote=recordsclerk]7635 Seattle is scheduled for Trustees sale on 1/5/10. Maybe this is why they are in a hurry to get an offer in. I’m not sure the Bank will go for this price. There are also 7 more Serramar homes in either pre-forclosure or forclosure with dates set for Trustees. So far most of the homes that have gone to forclosure or sold short have been non-view homes. I can’t wait for the view homes to start selling. Most of these homes have very limited upgrades because the builder charged for everything.[/quote]

Any idea how many of these homes are currently underwater? It’s hard to believe that some of the homes sold for over $1 million!!

[kcal09]

[quote=recordsclerk]7635 Seattle is scheduled for Trustees sale on 1/5/10. Maybe this is why they are in a hurry to get an offer in. I’m not sure the Bank will go for this price. There are also 7 more Serramar homes in either pre-forclosure or forclosure with dates set for Trustees. So far most of the homes that have gone to forclosure or sold short have been non-view homes. I can’t wait for the view homes to start selling. Most of these homes have very limited upgrades because the builder charged for everything.[/quote]

Any idea how many of these homes are currently underwater? It’s hard to believe that some of the homes sold for over $1 million!!

[Author]

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