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February 29, 2012 at 2:19 PM in reply to: Mira Mesa – 7510 Bannister Ln – 10%+ loss in less than one year #738943February 28, 2012 at 2:08 PM in reply to: Mira Mesa – 7510 Bannister Ln – 10%+ loss in less than one year #738859
EmilyHicks
ParticipantWith 20% down and 3.875% rate, payment of $1524 monthly is very affordable. 3 miles to Qualcomm, 6 miles to La Jolla and UCSD and the biotech clusters. Entry level Engineers can buy this.
[quote=AN][quote=bearishgurl]Fundamentally, there is no reason for a 1980’s MM tract home to cost $400K+.[/quote]
What fundamentals are you referring to? Inquiring mind like to know.[/quote]February 28, 2012 at 10:51 AM in reply to: Mira Mesa – 7510 Bannister Ln – 10%+ loss in less than one year #738843Participant200 feet from back yard to MM Blvd.
February 28, 2012 at 6:53 AM in reply to: Mira Mesa – 7510 Bannister Ln – 10%+ loss in less than one year #738828ParticipantWow, thanks for the detailed report. My mother-in-law advised us against buying this property last year because she believed this property is full of bad vibes.
[quote=sdrealtor]This is an odd one. Closed March 2011 for $450K to an FHA buyer with $438,500 loan. In August it is on the market for the same price and goes pending 30 days later. In December there was an interspousal deed transfer from wife to husband. Then it closes as a short sale for $405K. My take is they are at each others throats the minute they move in and its a divorce situation. No way the recover anything so they jump at first offer and apply for short sale. Lender sees an ugly divorce and a small loss so they approve asap. New buyer gets in quickly at a great price. Some times these things happen.
FWIW I have a cash buyer looking for a decent home in MM up to about $400K. We have written 3 all cash full price or above offers in the last 2 weeks on new listings. We cant even get calls back on these offers. There are stacks of offers on all of them. MM is on fire with cash investors crawling all over each other for anything decent around $400K or less. Flippers are having a field day as there is lots of distress here. I dont know that they are making much on each deal but as quickly as they can buy and fix them, they can turn around and sell them.[/quote]
February 27, 2012 at 7:19 PM in reply to: Mira Mesa – 7510 Bannister Ln – 10%+ loss in less than one year #738808ParticipantYes :), for some reason I am attracted to this house eventhough I already bought a house in a nicer part of Mira Mesa (along Callecristobal). Can’t wait to see what our MM expert, AN, thinks about this.
[quote=svelte]You have been watching that house for over a year.
http://piggington.com/is_this_mira_mesa_home_overpriced
:-)[/quote]
Participanthttp://www.sdlookup.com/Pictures-120005753
Stuffs every where. Even on the toilet seat. Wonder if it was done intentionally to ward off buyers allowing the home owners to stay in the house for free.
January 30, 2012 at 8:47 PM in reply to: Is it rude to ask for referral commision for mortgage refinancing? #737019ParticipantI told my friends I was refinancing and they were interested. Then I also thought if I would get something then it would be nice. Hehe. I went with this broker, so she can’t be too bad huh?[quote=desmond]Did you recommend the service to your friends because you thought it would help them or help you?[/quote]
January 30, 2012 at 8:44 PM in reply to: Is it rude to ask for referral commision for mortgage refinancing? #737018Participant$360,000 30 yr fixed, 3.875% and $1800 rebate, minus the appraisal cost of $420, I had $1380 left going to the second payment of my tax bill.
[quote=evsdca][quote=EmilyHicks]Oh, I didn’t know it is illegal to give referral fee. The loan broker gave me a $100 starbucks gift card after closing. I think she will give me a few of those after my friends close. Any way, I am happy that my friends got good rates (3.875% with over $1000 rebates).
Thanks 🙂
If you don’t mind a question. What is the loan amount for 3.875% with rebate? Is it the 30 year fixed rate?
Thanks![/quote]January 30, 2012 at 1:03 PM in reply to: Is it rude to ask for referral commision for mortgage refinancing? #736972ParticipantOh, I didn’t know it is illegal to give referral fee. The loan broker gave me a $100 starbucks gift card after closing. I think she will give me a few of those after my friends close. Any way, I am happy that my friends got good rates (3.875% with over $1000 rebates).
Thanks 🙂
[quote=sdrealtor]Legally its not allowed to give you a referral if you arent licensed. Perhaps they could give you a nice gift (a couple hundred dollar gift certificate for a nice dinner).[/quote]
Participantmen can get hooked on golf fast.
Participantmen can get hooked on golf fast.
Participantmen can get hooked on golf fast.
Participantmen can get hooked on golf fast.
Participantmen can get hooked on golf fast.
ParticipantThis property three units down from my home, went for $560k. I am sure a lot of people here will think that it is way over priced b/c of the road noise but it is very nice inside.
http://www.sdlookup.com/MLS-110003556-7533_Raven_Ridge_Point_San_Diego_CA_92126
[quote=ninaprincess]http://www.sdlookup.com/MLS-110006199-92126
Another closed deal. Same plan in the same area as the two properties mentioned above. This house is almost identical to the Raven Ridge house as it is also backing to CalleCristobal. It is in slightly better condition but probably shouldn’t be $43K more, or $53K more if we are taking in the $10K cash deal that the Raven Ridge buyer got from the bank.[/quote]
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