- This topic has 37 replies, 11 voices, and was last updated 16 years, 8 months ago by
no_such_reality.
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August 23, 2007 at 11:46 AM #79961August 23, 2007 at 11:51 AM #79813
Carlsbadliving
ParticipantA good fried of my wife just had to short sell their house in Santee.
They were able to rent a larger, newer and nicer home in Santee for about $1000 less a month.
They were worried about not being able to rent once their credit turned bad. But apparently, they were able rent before the short sale showed up on their credit report.
August 23, 2007 at 11:51 AM #79941ParticipantA good fried of my wife just had to short sell their house in Santee.
They were able to rent a larger, newer and nicer home in Santee for about $1000 less a month.
They were worried about not being able to rent once their credit turned bad. But apparently, they were able rent before the short sale showed up on their credit report.
August 23, 2007 at 11:51 AM #79964ParticipantA good fried of my wife just had to short sell their house in Santee.
They were able to rent a larger, newer and nicer home in Santee for about $1000 less a month.
They were worried about not being able to rent once their credit turned bad. But apparently, they were able rent before the short sale showed up on their credit report.
August 23, 2007 at 12:09 PM #79829drunkle
Participantyeah… in line with another thread regarding bill gross and a federal bailout, where are the bodies? millions of people being thrown out of their homes… how many have already lost their homes and yet, no bodies? whiners in temecula not withstanding.
August 23, 2007 at 12:09 PM #79956Participantyeah… in line with another thread regarding bill gross and a federal bailout, where are the bodies? millions of people being thrown out of their homes… how many have already lost their homes and yet, no bodies? whiners in temecula not withstanding.
August 23, 2007 at 12:09 PM #79979Participantyeah… in line with another thread regarding bill gross and a federal bailout, where are the bodies? millions of people being thrown out of their homes… how many have already lost their homes and yet, no bodies? whiners in temecula not withstanding.
August 23, 2007 at 12:14 PM #79837hipmatt
ParticipantI agree that many are leaving CA to head back home to mommy, daddy, or their old pals back in middle america.
The party is over, you can stay around and help clean up the mess, or just go home.
August 23, 2007 at 12:14 PM #79965ParticipantI agree that many are leaving CA to head back home to mommy, daddy, or their old pals back in middle america.
The party is over, you can stay around and help clean up the mess, or just go home.
August 23, 2007 at 12:14 PM #79988ParticipantI agree that many are leaving CA to head back home to mommy, daddy, or their old pals back in middle america.
The party is over, you can stay around and help clean up the mess, or just go home.
August 23, 2007 at 12:21 PM #79845kewp
ParticipantThis is just a guess, but I think we are seeing the tip of the iceberg here. The over-leveraged speculators are going to go first, especially since they have no emotional interest in their properties.
Additionally, people living in a foreclosed property can string out the eviction proceedings for months; especially if they file bankruptcy and sue for predatory lending.
August 23, 2007 at 12:21 PM #79974ParticipantThis is just a guess, but I think we are seeing the tip of the iceberg here. The over-leveraged speculators are going to go first, especially since they have no emotional interest in their properties.
Additionally, people living in a foreclosed property can string out the eviction proceedings for months; especially if they file bankruptcy and sue for predatory lending.
August 23, 2007 at 12:21 PM #79997ParticipantThis is just a guess, but I think we are seeing the tip of the iceberg here. The over-leveraged speculators are going to go first, especially since they have no emotional interest in their properties.
Additionally, people living in a foreclosed property can string out the eviction proceedings for months; especially if they file bankruptcy and sue for predatory lending.
August 23, 2007 at 12:40 PM #79860XBoxBoy
Participantbsrsharma asks:
XboxBoy – Are you seeing any evidence of true homelessness? Not just people moving to lower cost area or having their investment/flipper home foreclosed.Not seeing more homelessness as in people on the street pushing shopping carts, but people who have been foreclosed on moving out of town or into smaller rentals.
August 23, 2007 at 12:40 PM #79989Participantbsrsharma asks:
XboxBoy – Are you seeing any evidence of true homelessness? Not just people moving to lower cost area or having their investment/flipper home foreclosed.Not seeing more homelessness as in people on the street pushing shopping carts, but people who have been foreclosed on moving out of town or into smaller rentals.
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