Yet another one that stinks of fraud…

[sdrealtor]

Not to point fingers but when I see names like that on an agent and the listing brokerage I tend ot think they are trying to sell it to an investor at below market who will do a double escrow flip. Cant say for sure but I wouldnt rule out CAR being right on this one.

FWIW, I have had many conversations on these types of which I refuse to participate in and some say they are legal and not fraudulent as long as the lnder is aware fo what is going on. Getting and keeping a buyer on a sale of a property like that is very tough so I understand the logic for the lender being willing to do it but I still dont like it.

Once again I have no idea whether that is the case here.

[CA renter]

[quote=Eugene]IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025%5B/quote%5D

Eugene, we drove by this house and were seriously considering it. The only reason I can think of it selling for ~2001 price is because of the indoor pool, even though we wouldn’t mind having one.

Still, the house on Nabal is in a different area and zip (92025 instead of 92029). The area along Via Rancho near Del Dios is more specifically what I’m referring to, especially the single-story homes on large lots. Those have not dropped much (if at all) since the peak.

Escondido is the very “patchy” in that some areas have dropped 50%+/-, while other are holding up very well. It depends on the type of property and local demographics, from what I can tell.

[CA renter]

[quote=Eugene]IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025%5B/quote%5D

Eugene, we drove by this house and were seriously considering it. The only reason I can think of it selling for ~2001 price is because of the indoor pool, even though we wouldn’t mind having one.

Still, the house on Nabal is in a different area and zip (92025 instead of 92029). The area along Via Rancho near Del Dios is more specifically what I’m referring to, especially the single-story homes on large lots. Those have not dropped much (if at all) since the peak.

Escondido is the very “patchy” in that some areas have dropped 50%+/-, while other are holding up very well. It depends on the type of property and local demographics, from what I can tell.

[CA renter]

[quote=Eugene]IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025%5B/quote%5D

Eugene, we drove by this house and were seriously considering it. The only reason I can think of it selling for ~2001 price is because of the indoor pool, even though we wouldn’t mind having one.

Still, the house on Nabal is in a different area and zip (92025 instead of 92029). The area along Via Rancho near Del Dios is more specifically what I’m referring to, especially the single-story homes on large lots. Those have not dropped much (if at all) since the peak.

Escondido is the very “patchy” in that some areas have dropped 50%+/-, while other are holding up very well. It depends on the type of property and local demographics, from what I can tell.

[CA renter]

[quote=Eugene]IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025%5B/quote%5D

Eugene, we drove by this house and were seriously considering it. The only reason I can think of it selling for ~2001 price is because of the indoor pool, even though we wouldn’t mind having one.

Still, the house on Nabal is in a different area and zip (92025 instead of 92029). The area along Via Rancho near Del Dios is more specifically what I’m referring to, especially the single-story homes on large lots. Those have not dropped much (if at all) since the peak.

Escondido is the very “patchy” in that some areas have dropped 50%+/-, while other are holding up very well. It depends on the type of property and local demographics, from what I can tell.

[CA renter]

[quote=Eugene]IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025%5B/quote%5D

Eugene, we drove by this house and were seriously considering it. The only reason I can think of it selling for ~2001 price is because of the indoor pool, even though we wouldn’t mind having one.

Still, the house on Nabal is in a different area and zip (92025 instead of 92029). The area along Via Rancho near Del Dios is more specifically what I’m referring to, especially the single-story homes on large lots. Those have not dropped much (if at all) since the peak.

Escondido is the very “patchy” in that some areas have dropped 50%+/-, while other are holding up very well. It depends on the type of property and local demographics, from what I can tell.

[Eugene]

This area may have held up better than some other parts of Esco, but still nowhere as well as coastal county, and it’s been going sideways for the last two years. I doubt that the place you’re referring to would appraise higher than 700k. Eppraisal.com says 665k.

[Eugene]

This area may have held up better than some other parts of Esco, but still nowhere as well as coastal county, and it’s been going sideways for the last two years. I doubt that the place you’re referring to would appraise higher than 700k. Eppraisal.com says 665k.

[Eugene]

This area may have held up better than some other parts of Esco, but still nowhere as well as coastal county, and it’s been going sideways for the last two years. I doubt that the place you’re referring to would appraise higher than 700k. Eppraisal.com says 665k.

[Eugene]

This area may have held up better than some other parts of Esco, but still nowhere as well as coastal county, and it’s been going sideways for the last two years. I doubt that the place you’re referring to would appraise higher than 700k. Eppraisal.com says 665k.

[Eugene]

This area may have held up better than some other parts of Esco, but still nowhere as well as coastal county, and it’s been going sideways for the last two years. I doubt that the place you’re referring to would appraise higher than 700k. Eppraisal.com says 665k.

[sdrealtor]

Just checked some comps and it looks a little low but hardly a screaming fraud deal. It is sitting on the corner of this road and Via Ranch Pkwy which is a tough location. There is one up the street in nicer quieter location thats a little smaller but still plenty big listed at 695 to 795K which isnt selling. There is a nicer newer home around the corner about the same size on 2/3rd acre in a gated community thats a short sale approved at 650K. There’s a 2800 sq ft 1 story on an acre thats an REO which was listed at $536K. There’s another 3000 sq ft 1 story thats much newer and on a bigger lot at $655K. Move along…nothing to see here. Time to call off the fraud police for now.

[sdrealtor]

Just checked some comps and it looks a little low but hardly a screaming fraud deal. It is sitting on the corner of this road and Via Ranch Pkwy which is a tough location. There is one up the street in nicer quieter location thats a little smaller but still plenty big listed at 695 to 795K which isnt selling. There is a nicer newer home around the corner about the same size on 2/3rd acre in a gated community thats a short sale approved at 650K. There’s a 2800 sq ft 1 story on an acre thats an REO which was listed at $536K. There’s another 3000 sq ft 1 story thats much newer and on a bigger lot at $655K. Move along…nothing to see here. Time to call off the fraud police for now.

[sdrealtor]

Just checked some comps and it looks a little low but hardly a screaming fraud deal. It is sitting on the corner of this road and Via Ranch Pkwy which is a tough location. There is one up the street in nicer quieter location thats a little smaller but still plenty big listed at 695 to 795K which isnt selling. There is a nicer newer home around the corner about the same size on 2/3rd acre in a gated community thats a short sale approved at 650K. There’s a 2800 sq ft 1 story on an acre thats an REO which was listed at $536K. There’s another 3000 sq ft 1 story thats much newer and on a bigger lot at $655K. Move along…nothing to see here. Time to call off the fraud police for now.

[sdrealtor]

Just checked some comps and it looks a little low but hardly a screaming fraud deal. It is sitting on the corner of this road and Via Ranch Pkwy which is a tough location. There is one up the street in nicer quieter location thats a little smaller but still plenty big listed at 695 to 795K which isnt selling. There is a nicer newer home around the corner about the same size on 2/3rd acre in a gated community thats a short sale approved at 650K. There’s a 2800 sq ft 1 story on an acre thats an REO which was listed at $536K. There’s another 3000 sq ft 1 story thats much newer and on a bigger lot at $655K. Move along…nothing to see here. Time to call off the fraud police for now.

[Author]

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