[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[gn]

temeculaguy,

Keep in mind that the number of speculators in Temecula far exceeds that in San Diego. This is why things deteriorated much faster in Temecula.

In SD, for example, take 4S Ranch. I think the bloodbath will occur in 4S in mid to late 2009. But the “bottom” for 4S will be in 2010. Now, there are other areas in SD that are nicer than 4S (like Solana Beach, CV, LJ). These areas will reach the “bottom” after 2010.

[gn]

temeculaguy,

Keep in mind that the number of speculators in Temecula far exceeds that in San Diego. This is why things deteriorated much faster in Temecula.

In SD, for example, take 4S Ranch. I think the bloodbath will occur in 4S in mid to late 2009. But the “bottom” for 4S will be in 2010. Now, there are other areas in SD that are nicer than 4S (like Solana Beach, CV, LJ). These areas will reach the “bottom” after 2010.

[gn]

temeculaguy,

Keep in mind that the number of speculators in Temecula far exceeds that in San Diego. This is why things deteriorated much faster in Temecula.

In SD, for example, take 4S Ranch. I think the bloodbath will occur in 4S in mid to late 2009. But the “bottom” for 4S will be in 2010. Now, there are other areas in SD that are nicer than 4S (like Solana Beach, CV, LJ). These areas will reach the “bottom” after 2010.

[gn]

temeculaguy,

Keep in mind that the number of speculators in Temecula far exceeds that in San Diego. This is why things deteriorated much faster in Temecula.

In SD, for example, take 4S Ranch. I think the bloodbath will occur in 4S in mid to late 2009. But the “bottom” for 4S will be in 2010. Now, there are other areas in SD that are nicer than 4S (like Solana Beach, CV, LJ). These areas will reach the “bottom” after 2010.

[gn]

temeculaguy,

Keep in mind that the number of speculators in Temecula far exceeds that in San Diego. This is why things deteriorated much faster in Temecula.

In SD, for example, take 4S Ranch. I think the bloodbath will occur in 4S in mid to late 2009. But the “bottom” for 4S will be in 2010. Now, there are other areas in SD that are nicer than 4S (like Solana Beach, CV, LJ). These areas will reach the “bottom” after 2010.

[gn]

You would not believe how crappy this place looks in person … vacancy can produce undue wear on a house; far more than if people were actually living there

Navydoc, can you please elaborate ?

[gn]

You would not believe how crappy this place looks in person … vacancy can produce undue wear on a house; far more than if people were actually living there

Navydoc, can you please elaborate ?

[gn]

You would not believe how crappy this place looks in person … vacancy can produce undue wear on a house; far more than if people were actually living there

Navydoc, can you please elaborate ?

[gn]

You would not believe how crappy this place looks in person … vacancy can produce undue wear on a house; far more than if people were actually living there

Navydoc, can you please elaborate ?

[gn]

You would not believe how crappy this place looks in person … vacancy can produce undue wear on a house; far more than if people were actually living there

Navydoc, can you please elaborate ?

[Author]

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