[donaldduckmoore]

What kind of fraud are they talking about? Anyone has any insights?

[donaldduckmoore]

I have noticed a couple of things that are going on in SD market. Inventory is definitely rising but prices of house are polarized. Those who do not need to sell in a hurry hold their prices very strongly. The influx of REOs definitely drive down the price, but the quality of a lot of REOs is in doubt and some of them might have been severely damaged. Price may be low in these kind of properties but who wants them?? House price in desirable areas held up very firmly although we have this housing bubble problem. Although I do not agree with the newsletter in many ways, one thing I do agree is that there are lots of buyers waiting for good deal. If the property is in good quality and priced right, there are flocks of bidders driving price up, good example is one on Sparren in 92129 (this is my favorite area). Rental market is not so bad provided that there are renters who were once owners. Loan is limited and there are plenty of restrictions on loan approval these days. Basically, if someone finds a good deal, they may not be able to find any good loan.

My prediction is home price will continue to go down but those properties may not be in good shape. Loans are more difficult to get that also drive down the price of houses because there are less qualified buyers. But once this mess is gone, a lot of buyers will be coming out to consume houses again. Hopefully by then, there will be more regulations to prevent people from driving up house prices.

[donaldduckmoore]

I have noticed a couple of things that are going on in SD market. Inventory is definitely rising but prices of house are polarized. Those who do not need to sell in a hurry hold their prices very strongly. The influx of REOs definitely drive down the price, but the quality of a lot of REOs is in doubt and some of them might have been severely damaged. Price may be low in these kind of properties but who wants them?? House price in desirable areas held up very firmly although we have this housing bubble problem. Although I do not agree with the newsletter in many ways, one thing I do agree is that there are lots of buyers waiting for good deal. If the property is in good quality and priced right, there are flocks of bidders driving price up, good example is one on Sparren in 92129 (this is my favorite area). Rental market is not so bad provided that there are renters who were once owners. Loan is limited and there are plenty of restrictions on loan approval these days. Basically, if someone finds a good deal, they may not be able to find any good loan.

My prediction is home price will continue to go down but those properties may not be in good shape. Loans are more difficult to get that also drive down the price of houses because there are less qualified buyers. But once this mess is gone, a lot of buyers will be coming out to consume houses again. Hopefully by then, there will be more regulations to prevent people from driving up house prices.

[donaldduckmoore]

I have noticed a couple of things that are going on in SD market. Inventory is definitely rising but prices of house are polarized. Those who do not need to sell in a hurry hold their prices very strongly. The influx of REOs definitely drive down the price, but the quality of a lot of REOs is in doubt and some of them might have been severely damaged. Price may be low in these kind of properties but who wants them?? House price in desirable areas held up very firmly although we have this housing bubble problem. Although I do not agree with the newsletter in many ways, one thing I do agree is that there are lots of buyers waiting for good deal. If the property is in good quality and priced right, there are flocks of bidders driving price up, good example is one on Sparren in 92129 (this is my favorite area). Rental market is not so bad provided that there are renters who were once owners. Loan is limited and there are plenty of restrictions on loan approval these days. Basically, if someone finds a good deal, they may not be able to find any good loan.

My prediction is home price will continue to go down but those properties may not be in good shape. Loans are more difficult to get that also drive down the price of houses because there are less qualified buyers. But once this mess is gone, a lot of buyers will be coming out to consume houses again. Hopefully by then, there will be more regulations to prevent people from driving up house prices.

[donaldduckmoore]

I have noticed a couple of things that are going on in SD market. Inventory is definitely rising but prices of house are polarized. Those who do not need to sell in a hurry hold their prices very strongly. The influx of REOs definitely drive down the price, but the quality of a lot of REOs is in doubt and some of them might have been severely damaged. Price may be low in these kind of properties but who wants them?? House price in desirable areas held up very firmly although we have this housing bubble problem. Although I do not agree with the newsletter in many ways, one thing I do agree is that there are lots of buyers waiting for good deal. If the property is in good quality and priced right, there are flocks of bidders driving price up, good example is one on Sparren in 92129 (this is my favorite area). Rental market is not so bad provided that there are renters who were once owners. Loan is limited and there are plenty of restrictions on loan approval these days. Basically, if someone finds a good deal, they may not be able to find any good loan.

My prediction is home price will continue to go down but those properties may not be in good shape. Loans are more difficult to get that also drive down the price of houses because there are less qualified buyers. But once this mess is gone, a lot of buyers will be coming out to consume houses again. Hopefully by then, there will be more regulations to prevent people from driving up house prices.

[donaldduckmoore]

I have noticed a couple of things that are going on in SD market. Inventory is definitely rising but prices of house are polarized. Those who do not need to sell in a hurry hold their prices very strongly. The influx of REOs definitely drive down the price, but the quality of a lot of REOs is in doubt and some of them might have been severely damaged. Price may be low in these kind of properties but who wants them?? House price in desirable areas held up very firmly although we have this housing bubble problem. Although I do not agree with the newsletter in many ways, one thing I do agree is that there are lots of buyers waiting for good deal. If the property is in good quality and priced right, there are flocks of bidders driving price up, good example is one on Sparren in 92129 (this is my favorite area). Rental market is not so bad provided that there are renters who were once owners. Loan is limited and there are plenty of restrictions on loan approval these days. Basically, if someone finds a good deal, they may not be able to find any good loan.

My prediction is home price will continue to go down but those properties may not be in good shape. Loans are more difficult to get that also drive down the price of houses because there are less qualified buyers. But once this mess is gone, a lot of buyers will be coming out to consume houses again. Hopefully by then, there will be more regulations to prevent people from driving up house prices.

[donaldduckmoore]

Thanks Rustico, I will keep my fingers crossed for closing before april 1.

[donaldduckmoore]

Thanks Rustico, I will keep my fingers crossed for closing before april 1.

[donaldduckmoore]

Thanks Rustico, I will keep my fingers crossed for closing before april 1.

[donaldduckmoore]

Thanks Rustico, I will keep my fingers crossed for closing before april 1.

[donaldduckmoore]

Thanks Rustico, I will keep my fingers crossed for closing before april 1.

[donaldduckmoore]

Rustico, here is my situation: We put an offer back on Jan 29. We signed the addendum on Jan 30 and we were told to close on March 3. We had everything ready before that day. The seller is Wellsfargo, it is an REO. They did not send out the contract until March 10. yes, the seller did file for extension. COntingency is 5 days after they signed the contract. Since March 10, we (me and my agent) are trying to figure out where the closing instruction is and since then, we are waiting to close. There is another problem. I got an 80-10-10 laon, which will soon discontinue because the lender does not want to have that service after April 1. If we cannot close before April 1, then i will not have enough money to buy. Is this my fault if by then I want to back out because I do not have a loan? How can I retrieve the money? Are you a lawyer? Can I get your service if it really cannot close on time and I need to back out? Thank you?

[donaldduckmoore]

Rustico, here is my situation: We put an offer back on Jan 29. We signed the addendum on Jan 30 and we were told to close on March 3. We had everything ready before that day. The seller is Wellsfargo, it is an REO. They did not send out the contract until March 10. yes, the seller did file for extension. COntingency is 5 days after they signed the contract. Since March 10, we (me and my agent) are trying to figure out where the closing instruction is and since then, we are waiting to close. There is another problem. I got an 80-10-10 laon, which will soon discontinue because the lender does not want to have that service after April 1. If we cannot close before April 1, then i will not have enough money to buy. Is this my fault if by then I want to back out because I do not have a loan? How can I retrieve the money? Are you a lawyer? Can I get your service if it really cannot close on time and I need to back out? Thank you?

[donaldduckmoore]

Rustico, here is my situation: We put an offer back on Jan 29. We signed the addendum on Jan 30 and we were told to close on March 3. We had everything ready before that day. The seller is Wellsfargo, it is an REO. They did not send out the contract until March 10. yes, the seller did file for extension. COntingency is 5 days after they signed the contract. Since March 10, we (me and my agent) are trying to figure out where the closing instruction is and since then, we are waiting to close. There is another problem. I got an 80-10-10 laon, which will soon discontinue because the lender does not want to have that service after April 1. If we cannot close before April 1, then i will not have enough money to buy. Is this my fault if by then I want to back out because I do not have a loan? How can I retrieve the money? Are you a lawyer? Can I get your service if it really cannot close on time and I need to back out? Thank you?

[donaldduckmoore]

Rustico, here is my situation: We put an offer back on Jan 29. We signed the addendum on Jan 30 and we were told to close on March 3. We had everything ready before that day. The seller is Wellsfargo, it is an REO. They did not send out the contract until March 10. yes, the seller did file for extension. COntingency is 5 days after they signed the contract. Since March 10, we (me and my agent) are trying to figure out where the closing instruction is and since then, we are waiting to close. There is another problem. I got an 80-10-10 laon, which will soon discontinue because the lender does not want to have that service after April 1. If we cannot close before April 1, then i will not have enough money to buy. Is this my fault if by then I want to back out because I do not have a loan? How can I retrieve the money? Are you a lawyer? Can I get your service if it really cannot close on time and I need to back out? Thank you?

[Author]

Posts