The Mighty Carmel Valley. Cracks showing

[temeculaguy]

You need to be careful to translate foreclosure info from realtytrac or any site. A Nod or a Not, has no relevence on what is owed or what it will sell for. The notice of default was for one loan, there may be more than one loan on a property. Recorded or recent sales on zillow for much more or much less than the market value also throws people off because in a repo if the bank took it back for the outsanding loan, that price shows up, doesn’t mean that a buyer paid that unusually high or low price.

Half the fence sitters on this site are looking at cv, I’m worried for you guys because that alone may keep it’s prices from falling similar percentages to everyone else.

[SD Realtor]

There is not a doubt that CV has fallen a bit. Once more the axiom holds for attached falling quite a bit harder then detached, at least thus far. FLU has shown us alot of data in previous posts that backs this up. I am also disappointed by the rate of decline in CV and kind of agree with your thought FLU that how could anyone pay 848k for a place like this. Are you kidding me? However, let’s hold our thoughts until close of escrow and see what happens.

Also Landfair is in the heights which is old CV and is one of the few places with no MR and a reasonable HOA. Yes FLU you would have seen me in line for sure.

[SD Realtor]

There is not a doubt that CV has fallen a bit. Once more the axiom holds for attached falling quite a bit harder then detached, at least thus far. FLU has shown us alot of data in previous posts that backs this up. I am also disappointed by the rate of decline in CV and kind of agree with your thought FLU that how could anyone pay 848k for a place like this. Are you kidding me? However, let’s hold our thoughts until close of escrow and see what happens.

Also Landfair is in the heights which is old CV and is one of the few places with no MR and a reasonable HOA. Yes FLU you would have seen me in line for sure.

[SD Realtor]

There is not a doubt that CV has fallen a bit. Once more the axiom holds for attached falling quite a bit harder then detached, at least thus far. FLU has shown us alot of data in previous posts that backs this up. I am also disappointed by the rate of decline in CV and kind of agree with your thought FLU that how could anyone pay 848k for a place like this. Are you kidding me? However, let’s hold our thoughts until close of escrow and see what happens.

Also Landfair is in the heights which is old CV and is one of the few places with no MR and a reasonable HOA. Yes FLU you would have seen me in line for sure.

[SD Realtor]

There is not a doubt that CV has fallen a bit. Once more the axiom holds for attached falling quite a bit harder then detached, at least thus far. FLU has shown us alot of data in previous posts that backs this up. I am also disappointed by the rate of decline in CV and kind of agree with your thought FLU that how could anyone pay 848k for a place like this. Are you kidding me? However, let’s hold our thoughts until close of escrow and see what happens.

Also Landfair is in the heights which is old CV and is one of the few places with no MR and a reasonable HOA. Yes FLU you would have seen me in line for sure.

[SD Realtor]

There is not a doubt that CV has fallen a bit. Once more the axiom holds for attached falling quite a bit harder then detached, at least thus far. FLU has shown us alot of data in previous posts that backs this up. I am also disappointed by the rate of decline in CV and kind of agree with your thought FLU that how could anyone pay 848k for a place like this. Are you kidding me? However, let’s hold our thoughts until close of escrow and see what happens.

Also Landfair is in the heights which is old CV and is one of the few places with no MR and a reasonable HOA. Yes FLU you would have seen me in line for sure.

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[bsrsharma]

The home is pending at 848k

Does that mean someone has obtained a mortgage for that? (assuming it is not a cash heavy transaction). Seems improbable with the way jumbo market is cautious now.

Why did the sellers let it slide into NOD/NOT, if they could sell at a higher price than $400K and walk away pocketing some money (and keeping their credit intact)? Since that did not happen, there is some mess somewhere: may be it is over HELOC’d or mortgages are difficult to get or the market might have buckled.

[SD Realtor]

Aye caramba…come on now are you kidding me? Of course they played the atm card, that is why they are losing the home. However your insistence that the entire mortgage market is currently locked up is something with which I entirely disagree.

Tell you what… let’s see what it closes at and then we can waste more time on this thread.

[SD Realtor]

Aye caramba…come on now are you kidding me? Of course they played the atm card, that is why they are losing the home. However your insistence that the entire mortgage market is currently locked up is something with which I entirely disagree.

Tell you what… let’s see what it closes at and then we can waste more time on this thread.

[SD Realtor]

Aye caramba…come on now are you kidding me? Of course they played the atm card, that is why they are losing the home. However your insistence that the entire mortgage market is currently locked up is something with which I entirely disagree.

Tell you what… let’s see what it closes at and then we can waste more time on this thread.

[SD Realtor]

Aye caramba…come on now are you kidding me? Of course they played the atm card, that is why they are losing the home. However your insistence that the entire mortgage market is currently locked up is something with which I entirely disagree.

Tell you what… let’s see what it closes at and then we can waste more time on this thread.

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