[cindy]

an friend of a friend is affected by this… sounds like they might be totally screwed out of about $20k. they really thought they were going with a solid, reputable company too. the article says that the state contractors license board is investigating hallmark for criminal &/or civic violations. any idea what that could mean?

[cindy]

an friend of a friend is affected by this… sounds like they might be totally screwed out of about $20k. they really thought they were going with a solid, reputable company too. the article says that the state contractors license board is investigating hallmark for criminal &/or civic violations. any idea what that could mean?

[cindy]

bsrsharma – thanks for the info. perhaps i should have started a new thread on portland! yes, our thoughts are to rent for at least a year to get a feel for the area and where we want to be and also to watch how this all unfolds. seeing all of the listings that appear to be flops, i think we will be able to get a deal on something if we are patient. we really like the idea of being close to downtown (for work reasons and we just like the urban vibe), so we were thinking about some of the west hills neighborhoods. schools are important to us as we have young children, and from what i have read online there are some good schools up there? why do you prefer lake oswego? i am just getting started on our research (we will be transferring up there within the next six months) and appreciate any insight.

one more question, should we change our california plates out as quickly as possible? i keep reading about how everyone in portland and oregon in general hates californians moving in!

[cindy]

bsrsharma-
meant to ask in my above post… are most of these remodeled vacant homes i see the result of flippers – or failed flips?

[cindy]

bsrsharma-
are the prime areas in portland being hit hard as well? we are moving to portland for my husband’s job and have just been trying to get a feel for the market up there. from looking at homes online, seems that there are a lot of vacant listings in the west hills and other nice city of portland areas that have recently been beautifully remodeled. and a lot of the same homes i see for sale are also listed on craigs list for rent, at much less than it would cost to own the same house. we are comfortable sepdning about $700k eventually and it seems like you can get a really great house for that, just minutes from downtown. i realize that that still is a lot of money, but when you get used to ca prices it seems cheap.

[cindy]

let me make sure i understand this correctly… so whether they do a short sale or just walk away and let the bank take the house back, they are hit with a 1099? for some reason i thought it was just for a short sale that they got the 1099… should definitely be for both though! so someone who walks from a, say $100k loss, will probably be making payments to uncle sam for the rest of their lives on that approx. $38k tax bill?

[cindy]

let me make sure i understand this correctly… so whether they do a short sale or just walk away and let the bank take the house back, they are hit with a 1099? for some reason i thought it was just for a short sale that they got the 1099… should definitely be for both though! so someone who walks from a, say $100k loss, will probably be making payments to uncle sam for the rest of their lives on that approx. $38k tax bill?

[cindy]

let me make sure i understand this correctly… so whether they do a short sale or just walk away and let the bank take the house back, they are hit with a 1099? for some reason i thought it was just for a short sale that they got the 1099… should definitely be for both though! so someone who walks from a, say $100k loss, will probably be making payments to uncle sam for the rest of their lives on that approx. $38k tax bill?

[cindy]

thanks, everyone for the info. is l.a. really that bad? we are actually pretty excited about it after living in stockon for several years – it is all relative i guess. we are excited to be in/near a big city with lots going on.

[cindy]

thanks, everyone for the info. is l.a. really that bad? we are actually pretty excited about it after living in stockon for several years – it is all relative i guess. we are excited to be in/near a big city with lots going on.

[cindy]

thanks, everyone for the info. is l.a. really that bad? we are actually pretty excited about it after living in stockon for several years – it is all relative i guess. we are excited to be in/near a big city with lots going on.

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