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  • May 22, 2009 at 2:07 PM #404997
    SD Realtor
    Participant

    Hi DW

    Funny you ask that. I “think” they had a total of 280 properties to start with today. So the first hour or so he blew through them…Maybe it took 10-15 seconds per property. He would read the address, then the reason it was not going to sale today. Example

    “1313 Mockingbird Way, San Diego (he would not even do the zip cod) postponed 6/22 BR. (beneficiary request)”

    So he slammed them. I would say he got about 3-4 per minute and then he would take a break and chug some water after about 10 minutes. He knew most of the bidders there by name and visa verse.

    May 22, 2009 at 2:48 PM #404322
    SD Realtor
    Participant

    Peter yes of the actual open bids most went back to the lender. However there were far far far more postponements then open bids. At least 4 to 1. Thus loan mods, short sales, and bks are happening at a far greater pace then the actual trustee sale.

    May 22, 2009 at 2:48 PM #404573
    SD Realtor
    Participant

    Peter yes of the actual open bids most went back to the lender. However there were far far far more postponements then open bids. At least 4 to 1. Thus loan mods, short sales, and bks are happening at a far greater pace then the actual trustee sale.

    May 22, 2009 at 2:48 PM #404810
    SD Realtor
    Participant

    Peter yes of the actual open bids most went back to the lender. However there were far far far more postponements then open bids. At least 4 to 1. Thus loan mods, short sales, and bks are happening at a far greater pace then the actual trustee sale.

    May 22, 2009 at 2:48 PM #404870
    SD Realtor
    Participant

    Peter yes of the actual open bids most went back to the lender. However there were far far far more postponements then open bids. At least 4 to 1. Thus loan mods, short sales, and bks are happening at a far greater pace then the actual trustee sale.

    May 22, 2009 at 2:48 PM #405018
    SD Realtor
    Participant

    Peter yes of the actual open bids most went back to the lender. However there were far far far more postponements then open bids. At least 4 to 1. Thus loan mods, short sales, and bks are happening at a far greater pace then the actual trustee sale.

    May 22, 2009 at 3:09 PM #404344
    sdduuuude
    Participant

    sdr – what was it like a few months ago ?

    May 22, 2009 at 3:09 PM #404596
    sdduuuude
    Participant

    sdr – what was it like a few months ago ?

    May 22, 2009 at 3:09 PM #404831
    sdduuuude
    Participant

    sdr – what was it like a few months ago ?

    May 22, 2009 at 3:09 PM #404892
    sdduuuude
    Participant

    sdr – what was it like a few months ago ?

    May 22, 2009 at 3:09 PM #405038
    sdduuuude
    Participant

    sdr – what was it like a few months ago ?

    May 22, 2009 at 10:31 PM #404499
    AK
    Participant

    Perhaps loan mod and short sale *attempts* are taking place …

    I’d guess the majority of the short sales will go back to the bank sooner or later. A few examples:

    #1 was supposedly approved at $300K, got countered at $325K by the first lender, then at the last minute got torpedoed by the (undisclosed) second lender. Went to auction and back to the bank. Of course it was so far underwater you had to scrape the whale **** off your shoes before you went inside.

    #2 went pending months ago at $300K. Back on market supposedly approved at $360K …

    #3 is listed at $300K, which is a fair price considering the walls are ripped out and the roof is leaking. Lender countered verbally at $400K. I think that translates to “… and the horse you rode in on.”

    #4 again was supposedly approved at $300K, accepted offer came in over. That was months ago and now the first lender has agreed with the (again undisclosed) second that $325K will make everyone happy … this week. Wonder what the second will say at closing?

    Stuff like this makes me want to say …

    I … HATE … REAL … ESTATE!!!!!! 🙂

    May 22, 2009 at 10:31 PM #404751
    AK
    Participant

    Perhaps loan mod and short sale *attempts* are taking place …

    I’d guess the majority of the short sales will go back to the bank sooner or later. A few examples:

    #1 was supposedly approved at $300K, got countered at $325K by the first lender, then at the last minute got torpedoed by the (undisclosed) second lender. Went to auction and back to the bank. Of course it was so far underwater you had to scrape the whale **** off your shoes before you went inside.

    #2 went pending months ago at $300K. Back on market supposedly approved at $360K …

    #3 is listed at $300K, which is a fair price considering the walls are ripped out and the roof is leaking. Lender countered verbally at $400K. I think that translates to “… and the horse you rode in on.”

    #4 again was supposedly approved at $300K, accepted offer came in over. That was months ago and now the first lender has agreed with the (again undisclosed) second that $325K will make everyone happy … this week. Wonder what the second will say at closing?

    Stuff like this makes me want to say …

    I … HATE … REAL … ESTATE!!!!!! 🙂

    May 22, 2009 at 10:31 PM #404985
    AK
    Participant

    Perhaps loan mod and short sale *attempts* are taking place …

    I’d guess the majority of the short sales will go back to the bank sooner or later. A few examples:

    #1 was supposedly approved at $300K, got countered at $325K by the first lender, then at the last minute got torpedoed by the (undisclosed) second lender. Went to auction and back to the bank. Of course it was so far underwater you had to scrape the whale **** off your shoes before you went inside.

    #2 went pending months ago at $300K. Back on market supposedly approved at $360K …

    #3 is listed at $300K, which is a fair price considering the walls are ripped out and the roof is leaking. Lender countered verbally at $400K. I think that translates to “… and the horse you rode in on.”

    #4 again was supposedly approved at $300K, accepted offer came in over. That was months ago and now the first lender has agreed with the (again undisclosed) second that $325K will make everyone happy … this week. Wonder what the second will say at closing?

    Stuff like this makes me want to say …

    I … HATE … REAL … ESTATE!!!!!! 🙂

    May 22, 2009 at 10:31 PM #405047
    AK
    Participant

    Perhaps loan mod and short sale *attempts* are taking place …

    I’d guess the majority of the short sales will go back to the bank sooner or later. A few examples:

    #1 was supposedly approved at $300K, got countered at $325K by the first lender, then at the last minute got torpedoed by the (undisclosed) second lender. Went to auction and back to the bank. Of course it was so far underwater you had to scrape the whale **** off your shoes before you went inside.

    #2 went pending months ago at $300K. Back on market supposedly approved at $360K …

    #3 is listed at $300K, which is a fair price considering the walls are ripped out and the roof is leaking. Lender countered verbally at $400K. I think that translates to “… and the horse you rode in on.”

    #4 again was supposedly approved at $300K, accepted offer came in over. That was months ago and now the first lender has agreed with the (again undisclosed) second that $325K will make everyone happy … this week. Wonder what the second will say at closing?

    Stuff like this makes me want to say …

    I … HATE … REAL … ESTATE!!!!!! 🙂

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