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Alex_angelParticipant
In this person’s case it’s not malicious. They moved from Phoenix a few years ago for work and bought a home for $650k. They have the money and can afford it. His company went belly up so he moved back to phoenix and thought he’d rent his home here while the market did it’s thing. Well he just cannot afford to make up the mortgage that the rent doesn’t cover. he wants to sell his home but comps in the area are about $100k less. He just wants out of this deal and/or was thinking about selling and taking the loss. The bank won’t let it happen that easy.
Alex_angelParticipantIn this person’s case it’s not malicious. They moved from Phoenix a few years ago for work and bought a home for $650k. They have the money and can afford it. His company went belly up so he moved back to phoenix and thought he’d rent his home here while the market did it’s thing. Well he just cannot afford to make up the mortgage that the rent doesn’t cover. he wants to sell his home but comps in the area are about $100k less. He just wants out of this deal and/or was thinking about selling and taking the loss. The bank won’t let it happen that easy.
Alex_angelParticipantIn this person’s case it’s not malicious. They moved from Phoenix a few years ago for work and bought a home for $650k. They have the money and can afford it. His company went belly up so he moved back to phoenix and thought he’d rent his home here while the market did it’s thing. Well he just cannot afford to make up the mortgage that the rent doesn’t cover. he wants to sell his home but comps in the area are about $100k less. He just wants out of this deal and/or was thinking about selling and taking the loss. The bank won’t let it happen that easy.
Alex_angelParticipantIn this person’s case it’s not malicious. They moved from Phoenix a few years ago for work and bought a home for $650k. They have the money and can afford it. His company went belly up so he moved back to phoenix and thought he’d rent his home here while the market did it’s thing. Well he just cannot afford to make up the mortgage that the rent doesn’t cover. he wants to sell his home but comps in the area are about $100k less. He just wants out of this deal and/or was thinking about selling and taking the loss. The bank won’t let it happen that easy.
May 5, 2008 at 8:53 AM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199130Alex_angelParticipantThe builder doesn’t give a rat’s ass about the early buyers being angry. They have 5 more phases to sell and then the builder will be out of there. The builders have the money and deep pockets to lower homes $100k and still make big profit and then run the hell out of SD like nothing happened.
Especialy since John Laing teams up with Countrywide, they probably had to lower the prices because no one can qualify for a loan either.
As for who said that phase 7 and 8 are the best lots are wrong, unless you like having an elementry school right in your backyard and long lines of cars parked in front of your home every morning. Ever see an event at that school after hours? They park everywhere up and down near phase 7 and 8.
I did my homework on this area and the best part of Sillhouette just sold out in that Cul-De-Sac. They have the best lots and are away from the schools and parks enough to not hear the noise, but close enough to walk and enjoy. Problem is they all got in at about 50-100k more than the current listed price.
Better to walk away or will have to short sell in the future.
May 5, 2008 at 8:53 AM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199171Alex_angelParticipantThe builder doesn’t give a rat’s ass about the early buyers being angry. They have 5 more phases to sell and then the builder will be out of there. The builders have the money and deep pockets to lower homes $100k and still make big profit and then run the hell out of SD like nothing happened.
Especialy since John Laing teams up with Countrywide, they probably had to lower the prices because no one can qualify for a loan either.
As for who said that phase 7 and 8 are the best lots are wrong, unless you like having an elementry school right in your backyard and long lines of cars parked in front of your home every morning. Ever see an event at that school after hours? They park everywhere up and down near phase 7 and 8.
I did my homework on this area and the best part of Sillhouette just sold out in that Cul-De-Sac. They have the best lots and are away from the schools and parks enough to not hear the noise, but close enough to walk and enjoy. Problem is they all got in at about 50-100k more than the current listed price.
Better to walk away or will have to short sell in the future.
May 5, 2008 at 8:53 AM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199193Alex_angelParticipantThe builder doesn’t give a rat’s ass about the early buyers being angry. They have 5 more phases to sell and then the builder will be out of there. The builders have the money and deep pockets to lower homes $100k and still make big profit and then run the hell out of SD like nothing happened.
Especialy since John Laing teams up with Countrywide, they probably had to lower the prices because no one can qualify for a loan either.
As for who said that phase 7 and 8 are the best lots are wrong, unless you like having an elementry school right in your backyard and long lines of cars parked in front of your home every morning. Ever see an event at that school after hours? They park everywhere up and down near phase 7 and 8.
I did my homework on this area and the best part of Sillhouette just sold out in that Cul-De-Sac. They have the best lots and are away from the schools and parks enough to not hear the noise, but close enough to walk and enjoy. Problem is they all got in at about 50-100k more than the current listed price.
Better to walk away or will have to short sell in the future.
May 5, 2008 at 8:53 AM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199221Alex_angelParticipantThe builder doesn’t give a rat’s ass about the early buyers being angry. They have 5 more phases to sell and then the builder will be out of there. The builders have the money and deep pockets to lower homes $100k and still make big profit and then run the hell out of SD like nothing happened.
Especialy since John Laing teams up with Countrywide, they probably had to lower the prices because no one can qualify for a loan either.
As for who said that phase 7 and 8 are the best lots are wrong, unless you like having an elementry school right in your backyard and long lines of cars parked in front of your home every morning. Ever see an event at that school after hours? They park everywhere up and down near phase 7 and 8.
I did my homework on this area and the best part of Sillhouette just sold out in that Cul-De-Sac. They have the best lots and are away from the schools and parks enough to not hear the noise, but close enough to walk and enjoy. Problem is they all got in at about 50-100k more than the current listed price.
Better to walk away or will have to short sell in the future.
May 5, 2008 at 8:53 AM in reply to: nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007) #199252Alex_angelParticipantThe builder doesn’t give a rat’s ass about the early buyers being angry. They have 5 more phases to sell and then the builder will be out of there. The builders have the money and deep pockets to lower homes $100k and still make big profit and then run the hell out of SD like nothing happened.
Especialy since John Laing teams up with Countrywide, they probably had to lower the prices because no one can qualify for a loan either.
As for who said that phase 7 and 8 are the best lots are wrong, unless you like having an elementry school right in your backyard and long lines of cars parked in front of your home every morning. Ever see an event at that school after hours? They park everywhere up and down near phase 7 and 8.
I did my homework on this area and the best part of Sillhouette just sold out in that Cul-De-Sac. They have the best lots and are away from the schools and parks enough to not hear the noise, but close enough to walk and enjoy. Problem is they all got in at about 50-100k more than the current listed price.
Better to walk away or will have to short sell in the future.
Alex_angelParticipantI believe he didn’t put a penny in.
Alex_angelParticipantI believe he didn’t put a penny in.
Alex_angelParticipantI believe he didn’t put a penny in.
Alex_angelParticipantI believe he didn’t put a penny in.
Alex_angelParticipantI believe he didn’t put a penny in.
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