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UCGal.
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February 26, 2011 at 8:06 PM #672818February 26, 2011 at 8:47 PM #671672
javatestcase
Participant[quote=SD Realtor]As the bidder would have said… penny over! This also means only one bidder went for it. The professionals stayed away from this one.[/quote]
That mofo is pending @ $849,000 to $879,000 just three works later. The pros might have dropped the ball on this one.
So I guess you’ve been to one of these auctions before. I might try to hit one up just to experience the action.
February 26, 2011 at 8:47 PM #671733Participant[quote=SD Realtor]As the bidder would have said… penny over! This also means only one bidder went for it. The professionals stayed away from this one.[/quote]
That mofo is pending @ $849,000 to $879,000 just three works later. The pros might have dropped the ball on this one.
So I guess you’ve been to one of these auctions before. I might try to hit one up just to experience the action.
February 26, 2011 at 8:47 PM #672343Participant[quote=SD Realtor]As the bidder would have said… penny over! This also means only one bidder went for it. The professionals stayed away from this one.[/quote]
That mofo is pending @ $849,000 to $879,000 just three works later. The pros might have dropped the ball on this one.
So I guess you’ve been to one of these auctions before. I might try to hit one up just to experience the action.
February 26, 2011 at 8:47 PM #672482Participant[quote=SD Realtor]As the bidder would have said… penny over! This also means only one bidder went for it. The professionals stayed away from this one.[/quote]
That mofo is pending @ $849,000 to $879,000 just three works later. The pros might have dropped the ball on this one.
So I guess you’ve been to one of these auctions before. I might try to hit one up just to experience the action.
February 26, 2011 at 8:47 PM #672828Participant[quote=SD Realtor]As the bidder would have said… penny over! This also means only one bidder went for it. The professionals stayed away from this one.[/quote]
That mofo is pending @ $849,000 to $879,000 just three works later. The pros might have dropped the ball on this one.
So I guess you’ve been to one of these auctions before. I might try to hit one up just to experience the action.
February 26, 2011 at 9:23 PM #671682SD Realtor
ParticipantWowsers you are right. The previous owner who had it foreclosed on was the listing agent who tried to sell it for 1.1M. Kathleen Studer….
So it then goes to trustee sale and gets bought for a penny over and then right back on and sold. I wonder what it is pending at.
Yes we have been to many many trustee sales jave but we stopped going several months ago because of tightening margins, way way way increased numbers of bidders, and more complications coming from title issues and litigation. Furthermore the lenders are also tightening up on a 90 day seasoning rule, not all of them are but most of them are. So you have to hold it for 90 days.
However if you had 720k in cash around or wanted to find a hard money lender to loan you a few hundred k then there you go.
Yes the pros missed out on this one but someone is gonna make a quick 120k or more depending on what the previous property tax liens were.
Socal Business Partners LLC. They are regulars there.
February 26, 2011 at 9:23 PM #671744ParticipantWowsers you are right. The previous owner who had it foreclosed on was the listing agent who tried to sell it for 1.1M. Kathleen Studer….
So it then goes to trustee sale and gets bought for a penny over and then right back on and sold. I wonder what it is pending at.
Yes we have been to many many trustee sales jave but we stopped going several months ago because of tightening margins, way way way increased numbers of bidders, and more complications coming from title issues and litigation. Furthermore the lenders are also tightening up on a 90 day seasoning rule, not all of them are but most of them are. So you have to hold it for 90 days.
However if you had 720k in cash around or wanted to find a hard money lender to loan you a few hundred k then there you go.
Yes the pros missed out on this one but someone is gonna make a quick 120k or more depending on what the previous property tax liens were.
Socal Business Partners LLC. They are regulars there.
February 26, 2011 at 9:23 PM #672353ParticipantWowsers you are right. The previous owner who had it foreclosed on was the listing agent who tried to sell it for 1.1M. Kathleen Studer….
So it then goes to trustee sale and gets bought for a penny over and then right back on and sold. I wonder what it is pending at.
Yes we have been to many many trustee sales jave but we stopped going several months ago because of tightening margins, way way way increased numbers of bidders, and more complications coming from title issues and litigation. Furthermore the lenders are also tightening up on a 90 day seasoning rule, not all of them are but most of them are. So you have to hold it for 90 days.
However if you had 720k in cash around or wanted to find a hard money lender to loan you a few hundred k then there you go.
Yes the pros missed out on this one but someone is gonna make a quick 120k or more depending on what the previous property tax liens were.
Socal Business Partners LLC. They are regulars there.
February 26, 2011 at 9:23 PM #672492ParticipantWowsers you are right. The previous owner who had it foreclosed on was the listing agent who tried to sell it for 1.1M. Kathleen Studer….
So it then goes to trustee sale and gets bought for a penny over and then right back on and sold. I wonder what it is pending at.
Yes we have been to many many trustee sales jave but we stopped going several months ago because of tightening margins, way way way increased numbers of bidders, and more complications coming from title issues and litigation. Furthermore the lenders are also tightening up on a 90 day seasoning rule, not all of them are but most of them are. So you have to hold it for 90 days.
However if you had 720k in cash around or wanted to find a hard money lender to loan you a few hundred k then there you go.
Yes the pros missed out on this one but someone is gonna make a quick 120k or more depending on what the previous property tax liens were.
Socal Business Partners LLC. They are regulars there.
February 26, 2011 at 9:23 PM #672838ParticipantWowsers you are right. The previous owner who had it foreclosed on was the listing agent who tried to sell it for 1.1M. Kathleen Studer….
So it then goes to trustee sale and gets bought for a penny over and then right back on and sold. I wonder what it is pending at.
Yes we have been to many many trustee sales jave but we stopped going several months ago because of tightening margins, way way way increased numbers of bidders, and more complications coming from title issues and litigation. Furthermore the lenders are also tightening up on a 90 day seasoning rule, not all of them are but most of them are. So you have to hold it for 90 days.
However if you had 720k in cash around or wanted to find a hard money lender to loan you a few hundred k then there you go.
Yes the pros missed out on this one but someone is gonna make a quick 120k or more depending on what the previous property tax liens were.
Socal Business Partners LLC. They are regulars there.
February 27, 2011 at 2:14 PM #671797UCGal
ParticipantThat’s quite a flip if they’re successful.
And since it’s pending, I assume their odds are good.
February 27, 2011 at 2:14 PM #671859ParticipantThat’s quite a flip if they’re successful.
And since it’s pending, I assume their odds are good.
February 27, 2011 at 2:14 PM #672468ParticipantThat’s quite a flip if they’re successful.
And since it’s pending, I assume their odds are good.
February 27, 2011 at 2:14 PM #672607ParticipantThat’s quite a flip if they’re successful.
And since it’s pending, I assume their odds are good.
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