The Mighty Carmel Valley. Cracks showing

[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.

[TheBreeze]

[quote=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.

[/quote]

It wouldn’t surprise me if some of the banks that are about to be taken over by the FDIC (think Downey Savings) are going nuts with the mortgages right now. After all, what do they have to lose? If everything somehow miraculously works out, they would get to keep the profits on this mortgage. If not, the taxpayer bails them out. It’s a win-win.

[TheBreeze]

[quote=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.

[/quote]

It wouldn’t surprise me if some of the banks that are about to be taken over by the FDIC (think Downey Savings) are going nuts with the mortgages right now. After all, what do they have to lose? If everything somehow miraculously works out, they would get to keep the profits on this mortgage. If not, the taxpayer bails them out. It’s a win-win.

[TheBreeze]

[quote=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.

[/quote]

It wouldn’t surprise me if some of the banks that are about to be taken over by the FDIC (think Downey Savings) are going nuts with the mortgages right now. After all, what do they have to lose? If everything somehow miraculously works out, they would get to keep the profits on this mortgage. If not, the taxpayer bails them out. It’s a win-win.

[TheBreeze]

[quote=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.

[/quote]

It wouldn’t surprise me if some of the banks that are about to be taken over by the FDIC (think Downey Savings) are going nuts with the mortgages right now. After all, what do they have to lose? If everything somehow miraculously works out, they would get to keep the profits on this mortgage. If not, the taxpayer bails them out. It’s a win-win.

[TheBreeze]

[quote=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.

[/quote]

It wouldn’t surprise me if some of the banks that are about to be taken over by the FDIC (think Downey Savings) are going nuts with the mortgages right now. After all, what do they have to lose? If everything somehow miraculously works out, they would get to keep the profits on this mortgage. If not, the taxpayer bails them out. It’s a win-win.

[Author]

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