The next chunk down in Temecula

[Baron von Rothschild]

I talked to a real estate agent today about a short sale, but the owners had given up and removed the listing this week. They’re voluntarily opting for foreclosure. I got a very uneasy feeling that the foreclosure wave is just beginning rather than half done.

We’ve decided to rent starting in August if the market still has a lot to fall. I hate to move twice, but I more hate to overpay by $100,000. We’re looking at stuff in the $400,000s, but I think that’ll be low to mid $300,000s within the year.

What’s the best foreclosure tracking site for Temecula? I’m incredibly curious as to trend of NODs and NOTS.

[temeculaguy]

You are correct on all points, find the area you like, the school you like and rent, there are going to be some good times ahead. I use foreclosure.com, some use foreclosure radar, I can tel you that about two months ago the nods, nots and sheriff sales ratcheted up significantly. I’ve checked them weekly for two yeas but never saved the data. The amount of trustee sales seemd to double in any given week over last year’s, they update them sporadically so it looks like a bunch in a day (so just look at the week overall) and they miss quite a few but comparing their somewhat reliable data to their somewhat reliable data from before, I’d say there are twice as many in the pipeline now compared to a year ago. The mid 4’s to the mid 3’s is an easy jump and very realistic, even now the mid 3’s can get you almost anything if you look hard enough. I did a similar thing, I have a set housing budget and price target, as things go down my options go up, it’s now to the point that a condo two years ago will get me a mcmansion today, I have reached the point of diminishing returns, further price declines no longer move me into larger or better neighborhoods, I’m already there, now it just lowers my mortgage. What are you looking at in the 4’s?

[temeculaguy]

You are correct on all points, find the area you like, the school you like and rent, there are going to be some good times ahead. I use foreclosure.com, some use foreclosure radar, I can tel you that about two months ago the nods, nots and sheriff sales ratcheted up significantly. I’ve checked them weekly for two yeas but never saved the data. The amount of trustee sales seemd to double in any given week over last year’s, they update them sporadically so it looks like a bunch in a day (so just look at the week overall) and they miss quite a few but comparing their somewhat reliable data to their somewhat reliable data from before, I’d say there are twice as many in the pipeline now compared to a year ago. The mid 4’s to the mid 3’s is an easy jump and very realistic, even now the mid 3’s can get you almost anything if you look hard enough. I did a similar thing, I have a set housing budget and price target, as things go down my options go up, it’s now to the point that a condo two years ago will get me a mcmansion today, I have reached the point of diminishing returns, further price declines no longer move me into larger or better neighborhoods, I’m already there, now it just lowers my mortgage. What are you looking at in the 4’s?

[temeculaguy]

You are correct on all points, find the area you like, the school you like and rent, there are going to be some good times ahead. I use foreclosure.com, some use foreclosure radar, I can tel you that about two months ago the nods, nots and sheriff sales ratcheted up significantly. I’ve checked them weekly for two yeas but never saved the data. The amount of trustee sales seemd to double in any given week over last year’s, they update them sporadically so it looks like a bunch in a day (so just look at the week overall) and they miss quite a few but comparing their somewhat reliable data to their somewhat reliable data from before, I’d say there are twice as many in the pipeline now compared to a year ago. The mid 4’s to the mid 3’s is an easy jump and very realistic, even now the mid 3’s can get you almost anything if you look hard enough. I did a similar thing, I have a set housing budget and price target, as things go down my options go up, it’s now to the point that a condo two years ago will get me a mcmansion today, I have reached the point of diminishing returns, further price declines no longer move me into larger or better neighborhoods, I’m already there, now it just lowers my mortgage. What are you looking at in the 4’s?

[temeculaguy]

You are correct on all points, find the area you like, the school you like and rent, there are going to be some good times ahead. I use foreclosure.com, some use foreclosure radar, I can tel you that about two months ago the nods, nots and sheriff sales ratcheted up significantly. I’ve checked them weekly for two yeas but never saved the data. The amount of trustee sales seemd to double in any given week over last year’s, they update them sporadically so it looks like a bunch in a day (so just look at the week overall) and they miss quite a few but comparing their somewhat reliable data to their somewhat reliable data from before, I’d say there are twice as many in the pipeline now compared to a year ago. The mid 4’s to the mid 3’s is an easy jump and very realistic, even now the mid 3’s can get you almost anything if you look hard enough. I did a similar thing, I have a set housing budget and price target, as things go down my options go up, it’s now to the point that a condo two years ago will get me a mcmansion today, I have reached the point of diminishing returns, further price declines no longer move me into larger or better neighborhoods, I’m already there, now it just lowers my mortgage. What are you looking at in the 4’s?

[temeculaguy]

You are correct on all points, find the area you like, the school you like and rent, there are going to be some good times ahead. I use foreclosure.com, some use foreclosure radar, I can tel you that about two months ago the nods, nots and sheriff sales ratcheted up significantly. I’ve checked them weekly for two yeas but never saved the data. The amount of trustee sales seemd to double in any given week over last year’s, they update them sporadically so it looks like a bunch in a day (so just look at the week overall) and they miss quite a few but comparing their somewhat reliable data to their somewhat reliable data from before, I’d say there are twice as many in the pipeline now compared to a year ago. The mid 4’s to the mid 3’s is an easy jump and very realistic, even now the mid 3’s can get you almost anything if you look hard enough. I did a similar thing, I have a set housing budget and price target, as things go down my options go up, it’s now to the point that a condo two years ago will get me a mcmansion today, I have reached the point of diminishing returns, further price declines no longer move me into larger or better neighborhoods, I’m already there, now it just lowers my mortgage. What are you looking at in the 4’s?

[Baron von Rothschild]

We’re looking at Morgan Hills resales due to the amenities and the Tony Tobin elementary. We’d need three bedrooms plus and office, and would love an attached casita. So, we’re looking for as much as five bedrooms. These are in the upper 3’s already, but not in single story with a good yard for the kiddies.

Thoughts?

[Baron von Rothschild]

We’re looking at Morgan Hills resales due to the amenities and the Tony Tobin elementary. We’d need three bedrooms plus and office, and would love an attached casita. So, we’re looking for as much as five bedrooms. These are in the upper 3’s already, but not in single story with a good yard for the kiddies.

Thoughts?

[Baron von Rothschild]

We’re looking at Morgan Hills resales due to the amenities and the Tony Tobin elementary. We’d need three bedrooms plus and office, and would love an attached casita. So, we’re looking for as much as five bedrooms. These are in the upper 3’s already, but not in single story with a good yard for the kiddies.

Thoughts?

[Baron von Rothschild]

We’re looking at Morgan Hills resales due to the amenities and the Tony Tobin elementary. We’d need three bedrooms plus and office, and would love an attached casita. So, we’re looking for as much as five bedrooms. These are in the upper 3’s already, but not in single story with a good yard for the kiddies.

Thoughts?

[Baron von Rothschild]

We’re looking at Morgan Hills resales due to the amenities and the Tony Tobin elementary. We’d need three bedrooms plus and office, and would love an attached casita. So, we’re looking for as much as five bedrooms. These are in the upper 3’s already, but not in single story with a good yard for the kiddies.

Thoughts?

[Anonymous]

Submitted by dharmagirl on May 1, 2008 – 9:53am.

My husband has spoken dreamily about having a workshop filled with tools that I’ve never even heard of.

About the garage, I like big garages myself. They are good when you want to hold theme parties out there and still have a place to park the car and keep the tools. Also, I like tools as much as my boys do. I don’t know why, it’s just a satisfaction I get from using them and knowing that when I need to do something I have the necessary equipment at my disposal to get it done.

About the workshop, if you get at least a 3 car garage, you guys can always do structural work to partition off an area and make a workshop. I’m sure that will negatively affect resale value though. Well, I guess it depends.

[Anonymous]

Submitted by dharmagirl on May 1, 2008 – 9:53am.

My husband has spoken dreamily about having a workshop filled with tools that I’ve never even heard of.

About the garage, I like big garages myself. They are good when you want to hold theme parties out there and still have a place to park the car and keep the tools. Also, I like tools as much as my boys do. I don’t know why, it’s just a satisfaction I get from using them and knowing that when I need to do something I have the necessary equipment at my disposal to get it done.

About the workshop, if you get at least a 3 car garage, you guys can always do structural work to partition off an area and make a workshop. I’m sure that will negatively affect resale value though. Well, I guess it depends.

[Anonymous]

Submitted by dharmagirl on May 1, 2008 – 9:53am.

My husband has spoken dreamily about having a workshop filled with tools that I’ve never even heard of.

About the garage, I like big garages myself. They are good when you want to hold theme parties out there and still have a place to park the car and keep the tools. Also, I like tools as much as my boys do. I don’t know why, it’s just a satisfaction I get from using them and knowing that when I need to do something I have the necessary equipment at my disposal to get it done.

About the workshop, if you get at least a 3 car garage, you guys can always do structural work to partition off an area and make a workshop. I’m sure that will negatively affect resale value though. Well, I guess it depends.

[Anonymous]

Submitted by dharmagirl on May 1, 2008 – 9:53am.

My husband has spoken dreamily about having a workshop filled with tools that I’ve never even heard of.

About the garage, I like big garages myself. They are good when you want to hold theme parties out there and still have a place to park the car and keep the tools. Also, I like tools as much as my boys do. I don’t know why, it’s just a satisfaction I get from using them and knowing that when I need to do something I have the necessary equipment at my disposal to get it done.

About the workshop, if you get at least a 3 car garage, you guys can always do structural work to partition off an area and make a workshop. I’m sure that will negatively affect resale value though. Well, I guess it depends.

[Author]

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