[kiki]

Marion,
i am not familiar with foreclosure process, so i do not what will happen to you as tenant after the house goes on auction. All i see is you have a contract, you did not paid (wrongly advised, which can happen) but you spend they money, and this is what I have issues understanding.

About 2 years ago i had to stay a couple of weeks in a hotel in NY, after 2 months the charges of about $1200 were not charged in the credit card. This was a lot of money for me as it was an emergency trip. Anyway, I called the hotel so they would charge (they said they have it as paid in their system), then I called my credit card company and they said that they have not received the charge request for the hotel so they will not charge me. Well, 13 months later, i got the charge in my credit card. it was a suprised but you know what? i did stayed in the hotel and it was my responsibility. I paid it. that simple.

as i have seen other people on this board, when they found out the house they rent were in foreclosure they put the money in an escrow account. They PAID.

but anyway, it is what it is, you already did not pay and you already spend the money, now what? that is what you should be looking.

I would recommend you to move but i would also recommend you to consider how to pay what you owe, the latter as matter of principle.

[kiki]

being in a bad neigborhood does not justify that you did not pay 2 months of rent so you can not say “and on top of dealing with this neighbors, i have to pay 500”. do not mix things as no matter what you had a contract.

if you did not renew the lease you are in the case of anybody that has a month to month, if the landlord decide to terminate you have to go, that simple.

if they are or not in foreclosure, i still do not see the reason why you think you have the right to stop paying rent.

i think you should leave (clearly not a good neighborhood)and if you are an honest be ready to pay what you owe, maybe rent something smaller/cheaper so that you can afford your debts.

[kiki]

being in a bad neigborhood does not justify that you did not pay 2 months of rent so you can not say “and on top of dealing with this neighbors, i have to pay 500”. do not mix things as no matter what you had a contract.

if you did not renew the lease you are in the case of anybody that has a month to month, if the landlord decide to terminate you have to go, that simple.

if they are or not in foreclosure, i still do not see the reason why you think you have the right to stop paying rent.

i think you should leave (clearly not a good neighborhood)and if you are an honest be ready to pay what you owe, maybe rent something smaller/cheaper so that you can afford your debts.

[kiki]

being in a bad neigborhood does not justify that you did not pay 2 months of rent so you can not say “and on top of dealing with this neighbors, i have to pay 500”. do not mix things as no matter what you had a contract.

if you did not renew the lease you are in the case of anybody that has a month to month, if the landlord decide to terminate you have to go, that simple.

if they are or not in foreclosure, i still do not see the reason why you think you have the right to stop paying rent.

i think you should leave (clearly not a good neighborhood)and if you are an honest be ready to pay what you owe, maybe rent something smaller/cheaper so that you can afford your debts.

[kiki]

OC Burns, for it to be true (if women are responsible) the mayority of sales should be people buying homes to live in, but isn’t this bubble built on pure speculation and flipping mania. Can you prove that mayority of flippers are women?

[kiki]

OC Burns, for it to be true (if women are responsible) the mayority of sales should be people buying homes to live in, but isn’t this bubble built on pure speculation and flipping mania. Can you prove that mayority of flippers are women?

[kiki]

OC Burns, for it to be true (if women are responsible) the mayority of sales should be people buying homes to live in, but isn’t this bubble built on pure speculation and flipping mania. Can you prove that mayority of flippers are women?

[kiki]

Jim’s numbers are detached only. He mentions this in the comment section.

[kiki]

i know 3 people that purchased a house in the last 6 months. One sold both her house and her husband’s house (just got married) and bought a new bigger house. i do not think they will have problems with the payments as probably downpayment was huge. do not know details but does not look like the type will take money from their houses. They are willing to ride any downturn as they do not plan to move ever. i guess in their case it is ok, however, they might be paying a hell lot more in property taxes.

another is a coworker, a transfer from the midwest. I advise not to buy but she claimed that if she does not buy she will lose the company paying for closing cost (first i thought now you could get the seller to pay closing, second why is she so desperate to get a $20K benefit when her house could drop $100K or more in value) Anyway, she has high position in a company and supposed to be very smart but did not care at all “real estate always goes up!!”

last is also a couple that purchased after living abroad. it was funny they said he bought a new house because they could not stand to give a lot of money to someone that bought a house for half the price 3 years ago, but had no problem to pay it to a builder (because then they would not know the profit). They keep pushing me to buy,”its all about demand and supply” “san diego only has so much land”. i laugh, i tried to explain but they do not listen. i found it funny when one of them told me that i could look for foreclosures at Costco! maybe in a few years i will buy my groceries and be able to buy 2 or 3 foreclosures.. for now i will rent and save.

I think we overestimate the number of people that is really on top of what is happening with RE. The cases i mentioned are managers with MBAs, very bright people. They bought because that is what you supposed. they have no idea of foreclosure rates, ARM reseting or people using their houses as ATM or frauds that are inflating the values. Is like i am speaking greek to them (i include other co-workers who own and insist that i should buy too)

I wonder how many people are really on top of what is happening, 100? 1000?

[kiki]

What about Zip realty terms and conditions:

“Client” is a User that has completed the registration process and has agreed to these Terms of Use.

Section 3. Client Agreements and Representations. ZipRealty Clients agree to the following:

3.4 Client agrees that he or she will not contact the owner/seller of any property from information gained through the website. The Client will not attempt to enter the property or speak with an owner/seller without an appointment set by ZipRealty.

It is assuming that you HAVE to use them to set up an appointment. IF you register and agree will that bind you? That is why i have not registered.

I guess you can still set an appointment and still do not use them. Although that is really wasting their time. Technically, loggin in to their site and not planning to use them to purchase is also waste of their resources. They are not like Zillow that clearly is a free service.

What do you think?

[kiki]

Here is another piece of info

Link

I am not fond of the realtor’s interpretation on the data, but i like that i see average,median and sales in one place

[kiki]

this goes to everyone directly attacking powayseller and speially tucker

please!!!! i know this is a blog and one can say whatever they want but we are humans not animals, has anybody remembers the words manners and respect.

“Let’s rally”..where are we? in second grade? that if you dont like a girl you form a group to campaign against her?

I happen to be an adult capable of making my own decisions in what i like and i don’t like, what i read and what i don’t. If you don’t like someone you are free to say it but do not insult our intelligence by writing thread that only shows immature behavior.

I am not in favor or against PS, but i really feel offended to the direct and mean attacks to her. I was raised that a woman should be not be hurt even with a petal of the rose.
Disagree with her, don’t like her if you want, but respect her.

[kiki]

On May the prediction was that San Diego was going to appreciate 2%. 5 months later the prediction is 8.5% drop. I bet that by the end of the year there will be a crash prediction.

[kiki]

I had the same experience.I saw at least 3 houses where sales price in 2006 were at 2004 levels however the “value line” continues to increase in 2005 and a little in 2006.

[kiki]

Powayseller this is a very interesting article. I always thought that people were informed or learn about this stated income option by the “get rich quick seminars” but never occurred to me that lenders were not informing the lenders.

In a law suit, how can these owners prove that they were tricked by the lender? There are so many topics that i cannot keep up so maybe this was mentioned before but another eye opening is that banks are not going to take the hit when all these loans foreclose!!! this is going to be ugly…

[Author]

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