sfexporter : Your $250/sqft homes in Carmel Valley

[Coronita]

[quote=SD Realtor]
As for OCR he is a good guy, it was just some of the comments on that thread that were VERY disheartening. I think I will post on it to try to enlighten them
[/quote]

Actually, I didn’t read the comments until now. I just read the article. Wow. It looks like world war 3 down there. OH well… What I want to know, is how do people find good deals like this. I guess you have to be a pro and somewhat lucky….
I didn’t suspect it was fraud, I was just wondering how do people find such good deals. SDR, your comment helped clarify this. Pros/investor groups.

Frankly, even at $820k, it’s a pretty good deal for where the home is imho, relative to the rest of the market. I wouldn’t try flipping it. But if was a primary, it’s a pretty nice home at that price.

[SD Realtor]

As far as the recordings go, the recordings that I see for the closing in February of 2007 are for 650k and 300k. Now if Jody purchased the home for 950k as it appears, and the grant deed is recorded, then the fraud would be that Jody somehow came up with documentation showing she could make the payment on the two loans.

As I said, that indeed does look like fraud to me.

However as for the short sale not going through that does not surprise me in the least. I have seen other short sales go poof due to incompentence at the lenders side. Trustee sales only get postponed when then legal department of the lender notifies the trustee. If the trustee is not notified then the sale goes down.

So that is good that you know the buyer and his girlfriend. What I am saying is that the posting on the board should not focus on the third party sale or on the trustee sale. It should focus on the facts that you knew.

I certainly did not see any posts from anyone including yourself refuting any of the accusations made about the trustee sale, or the third party purchase or the kind comments about asians/indians/chinese purchasing in carmel valley. Not to mention the two comments referring to me as well.

Sometimes not speaking up is just as bad JP. Perhaps during the storm of posts you could have posted something to the effect of “Hey all I really know is that I know the buyer, he sold to his girlfriend, and that is all I really know about this sale. Perhaps someone could look up either of the agents to see if perhaps they know some more of the facts. Otherwise all these posts are nothing but speculation and in fact could be wildly incorrect.”

Sometimes starting something and not saying something to correct it is just as bad regardless of what your original intent was.

[SD Realtor]

As far as the recordings go, the recordings that I see for the closing in February of 2007 are for 650k and 300k. Now if Jody purchased the home for 950k as it appears, and the grant deed is recorded, then the fraud would be that Jody somehow came up with documentation showing she could make the payment on the two loans.

As I said, that indeed does look like fraud to me.

However as for the short sale not going through that does not surprise me in the least. I have seen other short sales go poof due to incompentence at the lenders side. Trustee sales only get postponed when then legal department of the lender notifies the trustee. If the trustee is not notified then the sale goes down.

So that is good that you know the buyer and his girlfriend. What I am saying is that the posting on the board should not focus on the third party sale or on the trustee sale. It should focus on the facts that you knew.

I certainly did not see any posts from anyone including yourself refuting any of the accusations made about the trustee sale, or the third party purchase or the kind comments about asians/indians/chinese purchasing in carmel valley. Not to mention the two comments referring to me as well.

Sometimes not speaking up is just as bad JP. Perhaps during the storm of posts you could have posted something to the effect of “Hey all I really know is that I know the buyer, he sold to his girlfriend, and that is all I really know about this sale. Perhaps someone could look up either of the agents to see if perhaps they know some more of the facts. Otherwise all these posts are nothing but speculation and in fact could be wildly incorrect.”

Sometimes starting something and not saying something to correct it is just as bad regardless of what your original intent was.

[SD Realtor]

As far as the recordings go, the recordings that I see for the closing in February of 2007 are for 650k and 300k. Now if Jody purchased the home for 950k as it appears, and the grant deed is recorded, then the fraud would be that Jody somehow came up with documentation showing she could make the payment on the two loans.

As I said, that indeed does look like fraud to me.

However as for the short sale not going through that does not surprise me in the least. I have seen other short sales go poof due to incompentence at the lenders side. Trustee sales only get postponed when then legal department of the lender notifies the trustee. If the trustee is not notified then the sale goes down.

So that is good that you know the buyer and his girlfriend. What I am saying is that the posting on the board should not focus on the third party sale or on the trustee sale. It should focus on the facts that you knew.

I certainly did not see any posts from anyone including yourself refuting any of the accusations made about the trustee sale, or the third party purchase or the kind comments about asians/indians/chinese purchasing in carmel valley. Not to mention the two comments referring to me as well.

Sometimes not speaking up is just as bad JP. Perhaps during the storm of posts you could have posted something to the effect of “Hey all I really know is that I know the buyer, he sold to his girlfriend, and that is all I really know about this sale. Perhaps someone could look up either of the agents to see if perhaps they know some more of the facts. Otherwise all these posts are nothing but speculation and in fact could be wildly incorrect.”

Sometimes starting something and not saying something to correct it is just as bad regardless of what your original intent was.

[SD Realtor]

As far as the recordings go, the recordings that I see for the closing in February of 2007 are for 650k and 300k. Now if Jody purchased the home for 950k as it appears, and the grant deed is recorded, then the fraud would be that Jody somehow came up with documentation showing she could make the payment on the two loans.

As I said, that indeed does look like fraud to me.

However as for the short sale not going through that does not surprise me in the least. I have seen other short sales go poof due to incompentence at the lenders side. Trustee sales only get postponed when then legal department of the lender notifies the trustee. If the trustee is not notified then the sale goes down.

So that is good that you know the buyer and his girlfriend. What I am saying is that the posting on the board should not focus on the third party sale or on the trustee sale. It should focus on the facts that you knew.

I certainly did not see any posts from anyone including yourself refuting any of the accusations made about the trustee sale, or the third party purchase or the kind comments about asians/indians/chinese purchasing in carmel valley. Not to mention the two comments referring to me as well.

Sometimes not speaking up is just as bad JP. Perhaps during the storm of posts you could have posted something to the effect of “Hey all I really know is that I know the buyer, he sold to his girlfriend, and that is all I really know about this sale. Perhaps someone could look up either of the agents to see if perhaps they know some more of the facts. Otherwise all these posts are nothing but speculation and in fact could be wildly incorrect.”

Sometimes starting something and not saying something to correct it is just as bad regardless of what your original intent was.

[SD Realtor]

As far as the recordings go, the recordings that I see for the closing in February of 2007 are for 650k and 300k. Now if Jody purchased the home for 950k as it appears, and the grant deed is recorded, then the fraud would be that Jody somehow came up with documentation showing she could make the payment on the two loans.

As I said, that indeed does look like fraud to me.

However as for the short sale not going through that does not surprise me in the least. I have seen other short sales go poof due to incompentence at the lenders side. Trustee sales only get postponed when then legal department of the lender notifies the trustee. If the trustee is not notified then the sale goes down.

So that is good that you know the buyer and his girlfriend. What I am saying is that the posting on the board should not focus on the third party sale or on the trustee sale. It should focus on the facts that you knew.

I certainly did not see any posts from anyone including yourself refuting any of the accusations made about the trustee sale, or the third party purchase or the kind comments about asians/indians/chinese purchasing in carmel valley. Not to mention the two comments referring to me as well.

Sometimes not speaking up is just as bad JP. Perhaps during the storm of posts you could have posted something to the effect of “Hey all I really know is that I know the buyer, he sold to his girlfriend, and that is all I really know about this sale. Perhaps someone could look up either of the agents to see if perhaps they know some more of the facts. Otherwise all these posts are nothing but speculation and in fact could be wildly incorrect.”

Sometimes starting something and not saying something to correct it is just as bad regardless of what your original intent was.

[SD Realtor]

FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…

For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.

[SD Realtor]

FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…

For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.

[SD Realtor]

FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…

For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.

[SD Realtor]

FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…

For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.

[SD Realtor]

FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…

For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.

[Coronita]

[quote=SD Realtor]FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…

For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.

[/quote]

SDR, if you don’t mind, I’m gonna send you an email. I want to learn about some of your previous recommendations, where you’re getting your information,etc, being a newbie to all this. It doesn’t sound like it’s a walk in the park, nor do i expect it to be, but I would be interested in following through one of your examples to see, if yo u don’t mind sharing. I promise I won’t be competing on any properties you are interested in yourself. (I have a much tighter self-imposed financial leash, these days if you know what I mean 🙂 ).

[Coronita]

[quote=SD Realtor]FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…

For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.

[/quote]

SDR, if you don’t mind, I’m gonna send you an email. I want to learn about some of your previous recommendations, where you’re getting your information,etc, being a newbie to all this. It doesn’t sound like it’s a walk in the park, nor do i expect it to be, but I would be interested in following through one of your examples to see, if yo u don’t mind sharing. I promise I won’t be competing on any properties you are interested in yourself. (I have a much tighter self-imposed financial leash, these days if you know what I mean 🙂 ).

[Coronita]

[quote=SD Realtor]FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…

For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.

[/quote]

SDR, if you don’t mind, I’m gonna send you an email. I want to learn about some of your previous recommendations, where you’re getting your information,etc, being a newbie to all this. It doesn’t sound like it’s a walk in the park, nor do i expect it to be, but I would be interested in following through one of your examples to see, if yo u don’t mind sharing. I promise I won’t be competing on any properties you are interested in yourself. (I have a much tighter self-imposed financial leash, these days if you know what I mean 🙂 ).

[Coronita]

[quote=SD Realtor]FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…

For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.

[/quote]

SDR, if you don’t mind, I’m gonna send you an email. I want to learn about some of your previous recommendations, where you’re getting your information,etc, being a newbie to all this. It doesn’t sound like it’s a walk in the park, nor do i expect it to be, but I would be interested in following through one of your examples to see, if yo u don’t mind sharing. I promise I won’t be competing on any properties you are interested in yourself. (I have a much tighter self-imposed financial leash, these days if you know what I mean 🙂 ).

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