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(former)FormerSanDiegan
Participant[quote=ocrenter]formerSD, sorry, I read your question wrong. you didn’t have to pay. here’s the link:
http://arcc.co.san-diego.ca.us/services/propchar/search.aspx
enter the parcel number and the address should come out.[/quote]
Cool. I guess I donated 4 bucks to the county.
January 5, 2009 at 6:01 PM in reply to: Chances of buying an REO or short-sale without 20% down? #324383Participant[quote=SD Realtor]
I am not sure I agree with that concept but it is indeed happening. Also you may not have to save another 10% to get to 20% down. Maybe you need to save 5% and housing prices drop another 5% and then you have made it.
[/quote]Not sure the lender would apply the same interest rate and relieve the buyer of PMI though. So, it’s not really 20% down.
But a good point, nonetheless.
January 5, 2009 at 6:01 PM in reply to: Chances of buying an REO or short-sale without 20% down? #324718Participant[quote=SD Realtor]
I am not sure I agree with that concept but it is indeed happening. Also you may not have to save another 10% to get to 20% down. Maybe you need to save 5% and housing prices drop another 5% and then you have made it.
[/quote]Not sure the lender would apply the same interest rate and relieve the buyer of PMI though. So, it’s not really 20% down.
But a good point, nonetheless.
January 5, 2009 at 6:01 PM in reply to: Chances of buying an REO or short-sale without 20% down? #324787Participant[quote=SD Realtor]
I am not sure I agree with that concept but it is indeed happening. Also you may not have to save another 10% to get to 20% down. Maybe you need to save 5% and housing prices drop another 5% and then you have made it.
[/quote]Not sure the lender would apply the same interest rate and relieve the buyer of PMI though. So, it’s not really 20% down.
But a good point, nonetheless.
January 5, 2009 at 6:01 PM in reply to: Chances of buying an REO or short-sale without 20% down? #324803Participant[quote=SD Realtor]
I am not sure I agree with that concept but it is indeed happening. Also you may not have to save another 10% to get to 20% down. Maybe you need to save 5% and housing prices drop another 5% and then you have made it.
[/quote]Not sure the lender would apply the same interest rate and relieve the buyer of PMI though. So, it’s not really 20% down.
But a good point, nonetheless.
January 5, 2009 at 6:01 PM in reply to: Chances of buying an REO or short-sale without 20% down? #324885Participant[quote=SD Realtor]
I am not sure I agree with that concept but it is indeed happening. Also you may not have to save another 10% to get to 20% down. Maybe you need to save 5% and housing prices drop another 5% and then you have made it.
[/quote]Not sure the lender would apply the same interest rate and relieve the buyer of PMI though. So, it’s not really 20% down.
But a good point, nonetheless.
Participant[quote=capeman]
5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
[/quote]
So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
Participant[quote=capeman]
5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
[/quote]
So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
Participant[quote=capeman]
5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
[/quote]
So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
Participant[quote=capeman]
5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
[/quote]
So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
Participant[quote=capeman]
5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
[/quote]
So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
Participant[quote=Ex-SD]
… Primarily in CA and rarely in any other part of the entire USA would you see people camp out to pay for ridiculously priced, tract homes, In fact, most people in the country have laughed at Californians when they would show footage of people camping out and standing in long lines. Like I said, it’s primarily a CA thing. [/quote]In CA we stand in line, wait in traffic and compete and wait in lines for lots of things including fish tacos. These things are not tolerated in the Midwest. They laugh at this.
In the Midwest they don’t think twice about warming up their car for 20 minutes, scraping ice off the windshield and sliding around one day and turning the air conditioner on three days later. This is not tolerated in CA. We laugh at that.
Participant[quote=Ex-SD]
… Primarily in CA and rarely in any other part of the entire USA would you see people camp out to pay for ridiculously priced, tract homes, In fact, most people in the country have laughed at Californians when they would show footage of people camping out and standing in long lines. Like I said, it’s primarily a CA thing. [/quote]In CA we stand in line, wait in traffic and compete and wait in lines for lots of things including fish tacos. These things are not tolerated in the Midwest. They laugh at this.
In the Midwest they don’t think twice about warming up their car for 20 minutes, scraping ice off the windshield and sliding around one day and turning the air conditioner on three days later. This is not tolerated in CA. We laugh at that.
Participant[quote=Ex-SD]
… Primarily in CA and rarely in any other part of the entire USA would you see people camp out to pay for ridiculously priced, tract homes, In fact, most people in the country have laughed at Californians when they would show footage of people camping out and standing in long lines. Like I said, it’s primarily a CA thing. [/quote]In CA we stand in line, wait in traffic and compete and wait in lines for lots of things including fish tacos. These things are not tolerated in the Midwest. They laugh at this.
In the Midwest they don’t think twice about warming up their car for 20 minutes, scraping ice off the windshield and sliding around one day and turning the air conditioner on three days later. This is not tolerated in CA. We laugh at that.
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