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  • January 14, 2008 at 4:41 PM #11505
    SD Realtor
    Participant

    I am encountering quite an interesting phenomenah. I have made inquires on several short sales in a few areas of late including Carmel Valley, Sorrento Valley, and Scripps for a few different people. I have found that every one of them, while listed as active all do indeed have offers in to the lenders.

    In most all of these cases the offers are in the price range or close to it.

    Just an observation (albeit a very frustrating one).

    January 14, 2008 at 4:45 PM #135695
    nostradamus
    Participant

    Maybe the “those areas will never go down” gang is putting their money where their mouth is (in between swigs of kool-aid).

    January 14, 2008 at 4:45 PM #135892
    nostradamus
    Participant

    Maybe the “those areas will never go down” gang is putting their money where their mouth is (in between swigs of kool-aid).

    January 14, 2008 at 4:45 PM #135896
    nostradamus
    Participant

    Maybe the “those areas will never go down” gang is putting their money where their mouth is (in between swigs of kool-aid).

    January 14, 2008 at 4:45 PM #135953
    nostradamus
    Participant

    Maybe the “those areas will never go down” gang is putting their money where their mouth is (in between swigs of kool-aid).

    January 14, 2008 at 4:45 PM #135996
    nostradamus
    Participant

    Maybe the “those areas will never go down” gang is putting their money where their mouth is (in between swigs of kool-aid).

    January 14, 2008 at 5:08 PM #135710
    Pasadena Broker
    Participant

    You think that’s frustrating SD?

    I have two clients that have offers on short sales. One of them made the offer back in October and the other in November. We’re still waiting for confirmation of the acceptance of the counter by the buyer (asking price) from the lender (this is the one in October). Pain in the ass. I touch base with the client from time to time and it’s gotten a little surreal and Kafkaesque with the one from October. Almost feels like waiting in a Soviet bread line or DMV circa 1980’s.

    January 14, 2008 at 5:08 PM #135907
    Pasadena Broker
    Participant

    You think that’s frustrating SD?

    I have two clients that have offers on short sales. One of them made the offer back in October and the other in November. We’re still waiting for confirmation of the acceptance of the counter by the buyer (asking price) from the lender (this is the one in October). Pain in the ass. I touch base with the client from time to time and it’s gotten a little surreal and Kafkaesque with the one from October. Almost feels like waiting in a Soviet bread line or DMV circa 1980’s.

    January 14, 2008 at 5:08 PM #135910
    Pasadena Broker
    Participant

    You think that’s frustrating SD?

    I have two clients that have offers on short sales. One of them made the offer back in October and the other in November. We’re still waiting for confirmation of the acceptance of the counter by the buyer (asking price) from the lender (this is the one in October). Pain in the ass. I touch base with the client from time to time and it’s gotten a little surreal and Kafkaesque with the one from October. Almost feels like waiting in a Soviet bread line or DMV circa 1980’s.

    January 14, 2008 at 5:08 PM #135968
    Pasadena Broker
    Participant

    You think that’s frustrating SD?

    I have two clients that have offers on short sales. One of them made the offer back in October and the other in November. We’re still waiting for confirmation of the acceptance of the counter by the buyer (asking price) from the lender (this is the one in October). Pain in the ass. I touch base with the client from time to time and it’s gotten a little surreal and Kafkaesque with the one from October. Almost feels like waiting in a Soviet bread line or DMV circa 1980’s.

    January 14, 2008 at 5:08 PM #136011
    Pasadena Broker
    Participant

    You think that’s frustrating SD?

    I have two clients that have offers on short sales. One of them made the offer back in October and the other in November. We’re still waiting for confirmation of the acceptance of the counter by the buyer (asking price) from the lender (this is the one in October). Pain in the ass. I touch base with the client from time to time and it’s gotten a little surreal and Kafkaesque with the one from October. Almost feels like waiting in a Soviet bread line or DMV circa 1980’s.

    January 14, 2008 at 9:50 PM #135954
    SD Realtor
    Participant

    Pasadena I am right there with you man. The listing I mentioned was one I have. The lender took so long to process the offer that by the time they accepted it the buyers were long gone. My sellers were bummed bigtime.

    I have another client who like yours submitted back in October and supposedly we are supposed to get a response back this week. He has already mentally punted and we submitted another offer last week on yet another short sale in the same complex for 30k less.

    The point to this post was that many homes that are listed as actives right now, though they are short sales, they do indeed have offers that are being processed. It is especially frustrating for some bargain hunters that I am working with… everyone is patient though so that is good…

    SD Realtor

    January 14, 2008 at 9:50 PM #136153
    SD Realtor
    Participant

    Pasadena I am right there with you man. The listing I mentioned was one I have. The lender took so long to process the offer that by the time they accepted it the buyers were long gone. My sellers were bummed bigtime.

    I have another client who like yours submitted back in October and supposedly we are supposed to get a response back this week. He has already mentally punted and we submitted another offer last week on yet another short sale in the same complex for 30k less.

    The point to this post was that many homes that are listed as actives right now, though they are short sales, they do indeed have offers that are being processed. It is especially frustrating for some bargain hunters that I am working with… everyone is patient though so that is good…

    SD Realtor

    January 14, 2008 at 9:50 PM #136188
    SD Realtor
    Participant

    Pasadena I am right there with you man. The listing I mentioned was one I have. The lender took so long to process the offer that by the time they accepted it the buyers were long gone. My sellers were bummed bigtime.

    I have another client who like yours submitted back in October and supposedly we are supposed to get a response back this week. He has already mentally punted and we submitted another offer last week on yet another short sale in the same complex for 30k less.

    The point to this post was that many homes that are listed as actives right now, though they are short sales, they do indeed have offers that are being processed. It is especially frustrating for some bargain hunters that I am working with… everyone is patient though so that is good…

    SD Realtor

    January 14, 2008 at 9:50 PM #136212
    SD Realtor
    Participant

    Pasadena I am right there with you man. The listing I mentioned was one I have. The lender took so long to process the offer that by the time they accepted it the buyers were long gone. My sellers were bummed bigtime.

    I have another client who like yours submitted back in October and supposedly we are supposed to get a response back this week. He has already mentally punted and we submitted another offer last week on yet another short sale in the same complex for 30k less.

    The point to this post was that many homes that are listed as actives right now, though they are short sales, they do indeed have offers that are being processed. It is especially frustrating for some bargain hunters that I am working with… everyone is patient though so that is good…

    SD Realtor

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