[92027_guy]

Is this is a listing of Active houses for sale, compared to pending sales to buyers? So my logic would assume the more pending sales vs. lower active for sale would mean it’s edging towards a sellers market as opposed to the raging buyers market it is now?

Darn you Mira Mesa… this is like routing for a stock to go up, nothing you do can affect it but you still cheer anyway.

[92027_guy]

Is this is a listing of Active houses for sale, compared to pending sales to buyers? So my logic would assume the more pending sales vs. lower active for sale would mean it’s edging towards a sellers market as opposed to the raging buyers market it is now?

Darn you Mira Mesa… this is like routing for a stock to go up, nothing you do can affect it but you still cheer anyway.

[92027_guy]

Is this is a listing of Active houses for sale, compared to pending sales to buyers? So my logic would assume the more pending sales vs. lower active for sale would mean it’s edging towards a sellers market as opposed to the raging buyers market it is now?

Darn you Mira Mesa… this is like routing for a stock to go up, nothing you do can affect it but you still cheer anyway.

[92027_guy]

Great Point DWCAP, it is well taken. I have seen posts here (not calling anyone out) that talked about a return to great depression! Wasn’t that over 20% unemployment? Good god my wife and I would head to Philippines and ride it out on Boracay if I really believed that to be the future.

In anycase, I have thought of you’re point as well. Where I’m at this very moment, and it can change quickly, is if I can get my payment down to around 3100 / month fixed rate, principal and interest as well as escrowed tax/insurance then I will stay in this house even if it dips below 400k. We’ll see what GCS says it can do.

Again I appreciate the reminder, and I promise myself whatever I do it will be after thinking it through. Hiring an advisor is a good advice, although I don’t really have any contacts to vet one. I was wondering if Rich Toscano’s firm would take me as a client but haven’t looked into it further at this point.

It’s kinda strange how slow this is happening, it’s like ahhh…impending potential financial ruin…..in about 2 years). Weird feeling.

[92027_guy]

Great Point DWCAP, it is well taken. I have seen posts here (not calling anyone out) that talked about a return to great depression! Wasn’t that over 20% unemployment? Good god my wife and I would head to Philippines and ride it out on Boracay if I really believed that to be the future.

In anycase, I have thought of you’re point as well. Where I’m at this very moment, and it can change quickly, is if I can get my payment down to around 3100 / month fixed rate, principal and interest as well as escrowed tax/insurance then I will stay in this house even if it dips below 400k. We’ll see what GCS says it can do.

Again I appreciate the reminder, and I promise myself whatever I do it will be after thinking it through. Hiring an advisor is a good advice, although I don’t really have any contacts to vet one. I was wondering if Rich Toscano’s firm would take me as a client but haven’t looked into it further at this point.

It’s kinda strange how slow this is happening, it’s like ahhh…impending potential financial ruin…..in about 2 years). Weird feeling.

[92027_guy]

Great Point DWCAP, it is well taken. I have seen posts here (not calling anyone out) that talked about a return to great depression! Wasn’t that over 20% unemployment? Good god my wife and I would head to Philippines and ride it out on Boracay if I really believed that to be the future.

In anycase, I have thought of you’re point as well. Where I’m at this very moment, and it can change quickly, is if I can get my payment down to around 3100 / month fixed rate, principal and interest as well as escrowed tax/insurance then I will stay in this house even if it dips below 400k. We’ll see what GCS says it can do.

Again I appreciate the reminder, and I promise myself whatever I do it will be after thinking it through. Hiring an advisor is a good advice, although I don’t really have any contacts to vet one. I was wondering if Rich Toscano’s firm would take me as a client but haven’t looked into it further at this point.

It’s kinda strange how slow this is happening, it’s like ahhh…impending potential financial ruin…..in about 2 years). Weird feeling.

[92027_guy]

Great Point DWCAP, it is well taken. I have seen posts here (not calling anyone out) that talked about a return to great depression! Wasn’t that over 20% unemployment? Good god my wife and I would head to Philippines and ride it out on Boracay if I really believed that to be the future.

In anycase, I have thought of you’re point as well. Where I’m at this very moment, and it can change quickly, is if I can get my payment down to around 3100 / month fixed rate, principal and interest as well as escrowed tax/insurance then I will stay in this house even if it dips below 400k. We’ll see what GCS says it can do.

Again I appreciate the reminder, and I promise myself whatever I do it will be after thinking it through. Hiring an advisor is a good advice, although I don’t really have any contacts to vet one. I was wondering if Rich Toscano’s firm would take me as a client but haven’t looked into it further at this point.

It’s kinda strange how slow this is happening, it’s like ahhh…impending potential financial ruin…..in about 2 years). Weird feeling.

[92027_guy]

Great Point DWCAP, it is well taken. I have seen posts here (not calling anyone out) that talked about a return to great depression! Wasn’t that over 20% unemployment? Good god my wife and I would head to Philippines and ride it out on Boracay if I really believed that to be the future.

In anycase, I have thought of you’re point as well. Where I’m at this very moment, and it can change quickly, is if I can get my payment down to around 3100 / month fixed rate, principal and interest as well as escrowed tax/insurance then I will stay in this house even if it dips below 400k. We’ll see what GCS says it can do.

Again I appreciate the reminder, and I promise myself whatever I do it will be after thinking it through. Hiring an advisor is a good advice, although I don’t really have any contacts to vet one. I was wondering if Rich Toscano’s firm would take me as a client but haven’t looked into it further at this point.

It’s kinda strange how slow this is happening, it’s like ahhh…impending potential financial ruin…..in about 2 years). Weird feeling.

[92027_guy]

Some great info Thank you, I figured my math was off.

So I didn’t some more checking at it appears I was incorrect my house was worth 360,000 in Aug 01. That is a bit of a relief as the posters mentioned 2000/2001 being more realistic. As you can probably tell it’s slowly sinking in how low my price will go. I’m currently considering loan modification with Green Credit Solutions but don’t want to go through all that if it’s not going to actually allow me to stay in the house when 2011 hits. But what’s a fair price to mod it too, I mean technically I agreed to pay 560k plus interest so I guess the fair price would be 560k.
My wife’s friend recently short saled a 07 purchase and bought the house right next door (literally) that was also a foreclosure. They put 3% down and got a rate in the high 6’s. I was impressed a bank would loan with only 3% down. So Eventually I’ll have to research and pick which is best for me, loan mod, deed in lieu, foreclosure, short sale, etc. I plan on posting whatever my experiences are if nothing else to help others or so the renters can laugh at another lemming over the cliff. Ha.

[92027_guy]

Some great info Thank you, I figured my math was off.

So I didn’t some more checking at it appears I was incorrect my house was worth 360,000 in Aug 01. That is a bit of a relief as the posters mentioned 2000/2001 being more realistic. As you can probably tell it’s slowly sinking in how low my price will go. I’m currently considering loan modification with Green Credit Solutions but don’t want to go through all that if it’s not going to actually allow me to stay in the house when 2011 hits. But what’s a fair price to mod it too, I mean technically I agreed to pay 560k plus interest so I guess the fair price would be 560k.
My wife’s friend recently short saled a 07 purchase and bought the house right next door (literally) that was also a foreclosure. They put 3% down and got a rate in the high 6’s. I was impressed a bank would loan with only 3% down. So Eventually I’ll have to research and pick which is best for me, loan mod, deed in lieu, foreclosure, short sale, etc. I plan on posting whatever my experiences are if nothing else to help others or so the renters can laugh at another lemming over the cliff. Ha.

[92027_guy]

Some great info Thank you, I figured my math was off.

So I didn’t some more checking at it appears I was incorrect my house was worth 360,000 in Aug 01. That is a bit of a relief as the posters mentioned 2000/2001 being more realistic. As you can probably tell it’s slowly sinking in how low my price will go. I’m currently considering loan modification with Green Credit Solutions but don’t want to go through all that if it’s not going to actually allow me to stay in the house when 2011 hits. But what’s a fair price to mod it too, I mean technically I agreed to pay 560k plus interest so I guess the fair price would be 560k.
My wife’s friend recently short saled a 07 purchase and bought the house right next door (literally) that was also a foreclosure. They put 3% down and got a rate in the high 6’s. I was impressed a bank would loan with only 3% down. So Eventually I’ll have to research and pick which is best for me, loan mod, deed in lieu, foreclosure, short sale, etc. I plan on posting whatever my experiences are if nothing else to help others or so the renters can laugh at another lemming over the cliff. Ha.

[92027_guy]

Some great info Thank you, I figured my math was off.

So I didn’t some more checking at it appears I was incorrect my house was worth 360,000 in Aug 01. That is a bit of a relief as the posters mentioned 2000/2001 being more realistic. As you can probably tell it’s slowly sinking in how low my price will go. I’m currently considering loan modification with Green Credit Solutions but don’t want to go through all that if it’s not going to actually allow me to stay in the house when 2011 hits. But what’s a fair price to mod it too, I mean technically I agreed to pay 560k plus interest so I guess the fair price would be 560k.
My wife’s friend recently short saled a 07 purchase and bought the house right next door (literally) that was also a foreclosure. They put 3% down and got a rate in the high 6’s. I was impressed a bank would loan with only 3% down. So Eventually I’ll have to research and pick which is best for me, loan mod, deed in lieu, foreclosure, short sale, etc. I plan on posting whatever my experiences are if nothing else to help others or so the renters can laugh at another lemming over the cliff. Ha.

[92027_guy]

Some great info Thank you, I figured my math was off.

So I didn’t some more checking at it appears I was incorrect my house was worth 360,000 in Aug 01. That is a bit of a relief as the posters mentioned 2000/2001 being more realistic. As you can probably tell it’s slowly sinking in how low my price will go. I’m currently considering loan modification with Green Credit Solutions but don’t want to go through all that if it’s not going to actually allow me to stay in the house when 2011 hits. But what’s a fair price to mod it too, I mean technically I agreed to pay 560k plus interest so I guess the fair price would be 560k.
My wife’s friend recently short saled a 07 purchase and bought the house right next door (literally) that was also a foreclosure. They put 3% down and got a rate in the high 6’s. I was impressed a bank would loan with only 3% down. So Eventually I’ll have to research and pick which is best for me, loan mod, deed in lieu, foreclosure, short sale, etc. I plan on posting whatever my experiences are if nothing else to help others or so the renters can laugh at another lemming over the cliff. Ha.

[92027_guy]

NavyDoc and UrbanRealtor: I think you summed up my point better then I did. Maybe I’m experiencing a Kumbaya moment, but I’m thinking if you look at all primary residence buyers in general, everyone is really just trying to buy something that makes sense at that time and will most likely appreciate at sometime in the future.

[92027_guy]

NavyDoc and UrbanRealtor: I think you summed up my point better then I did. Maybe I’m experiencing a Kumbaya moment, but I’m thinking if you look at all primary residence buyers in general, everyone is really just trying to buy something that makes sense at that time and will most likely appreciate at sometime in the future.

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