Forum Replies Created
-
AuthorPosts
-
andymajumder
Participant[quote=outtamojo]Here is one potential popcorn in SEH, should have posted earlier but the mind is foggier than usual.
http://www.sdlookup.com/MLS-100018274-816_Genoa_Way_San_Marcos_CA_92078REO priced relatively aggressively at initial listing then dropped about 10%. Maybe banks really are working to clear inventory.[/quote]
wow 158/sqft in SEH…..definitely a popcorn…hopefully more pops will follow
Participant[quote=outtamojo]Here is one potential popcorn in SEH, should have posted earlier but the mind is foggier than usual.
http://www.sdlookup.com/MLS-100018274-816_Genoa_Way_San_Marcos_CA_92078REO priced relatively aggressively at initial listing then dropped about 10%. Maybe banks really are working to clear inventory.[/quote]
wow 158/sqft in SEH…..definitely a popcorn…hopefully more pops will follow
Participant[quote=outtamojo]Here is one potential popcorn in SEH, should have posted earlier but the mind is foggier than usual.
http://www.sdlookup.com/MLS-100018274-816_Genoa_Way_San_Marcos_CA_92078REO priced relatively aggressively at initial listing then dropped about 10%. Maybe banks really are working to clear inventory.[/quote]
wow 158/sqft in SEH…..definitely a popcorn…hopefully more pops will follow
June 24, 2010 at 12:53 PM in reply to: is the new Smart Move to BUY a home for strategic default? #570666Participant[quote=flu][quote=andymajumder]I was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.[/quote]
I really hope you folks don’t think I was serious…
AINT GONNA WORK….[/quote]
no…we know that, I am sure stocktrader isn’t either.
June 24, 2010 at 12:53 PM in reply to: is the new Smart Move to BUY a home for strategic default? #570763Participant[quote=flu][quote=andymajumder]I was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.[/quote]
I really hope you folks don’t think I was serious…
AINT GONNA WORK….[/quote]
no…we know that, I am sure stocktrader isn’t either.
June 24, 2010 at 12:53 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571276Participant[quote=flu][quote=andymajumder]I was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.[/quote]
I really hope you folks don’t think I was serious…
AINT GONNA WORK….[/quote]
no…we know that, I am sure stocktrader isn’t either.
June 24, 2010 at 12:53 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571386Participant[quote=flu][quote=andymajumder]I was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.[/quote]
I really hope you folks don’t think I was serious…
AINT GONNA WORK….[/quote]
no…we know that, I am sure stocktrader isn’t either.
June 24, 2010 at 12:53 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571674Participant[quote=flu][quote=andymajumder]I was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.[/quote]
I really hope you folks don’t think I was serious…
AINT GONNA WORK….[/quote]
no…we know that, I am sure stocktrader isn’t either.
June 24, 2010 at 12:49 PM in reply to: is the new Smart Move to BUY a home for strategic default? #570651ParticipantI was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.
June 24, 2010 at 12:49 PM in reply to: is the new Smart Move to BUY a home for strategic default? #570748ParticipantI was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.
June 24, 2010 at 12:49 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571261ParticipantI was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.
June 24, 2010 at 12:49 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571370ParticipantI was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.
June 24, 2010 at 12:49 PM in reply to: is the new Smart Move to BUY a home for strategic default? #571659ParticipantI was thinking exactly along similar lines after reading Flu’s proposal 🙂
Think about it, this was quite easily doable during the bubble years when appraisal process was completely messed up….buy your friend’s house at a over inflated price, get a kickback and than default on the non-recourse loan.
Participant[quote=SD Realtor]420k by September?[/quote]
Hopefully 🙂
-
AuthorPosts
