[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[little lady]

“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….

[little lady]

DWCAP

Your missing what I am saying, but that is okay…..

“1st, I dont see houses selling in Poway for ~300k. Show me those 300k SFR comps……”

He didn’t say this, he said they were mirror markets, not prices….simular housing stock….although the same kind of house doesn’t go for much more up there(he said they have the exact same model that I sold in Santee up there) and they were getting multiple offers…I knew this would wrinkle feathers….not everyone feels the same way and I could give a rats…you know…..

This is my first offer, and lowballing because I thought the market was crap and I in the perfect situation. It was NOT a house I have any attachment to. I felt like if I didn’t get it so be it…there are more comming. It just was in the same neighborhood and if I got it at that price I would be pretty sure it wasn’t gonna fall a signifagant amount less,(that I wasn’t sure when the market recovered it would be worth) like the fellow in Temecula we’ve been reading about. After seeing this ridiculous amount of activity- and I MEAN RIDICULOUS……I began to suspect maybe the end is near or here….I needed some validation…..some sure proof that it isn’t turning around…I am second guessing myself….I know Piggingtonians are sure the worst is yet to come…….and they have proof……now I feel better, thanks y’all

[little lady]

DWCAP

Your missing what I am saying, but that is okay…..

“1st, I dont see houses selling in Poway for ~300k. Show me those 300k SFR comps……”

He didn’t say this, he said they were mirror markets, not prices….simular housing stock….although the same kind of house doesn’t go for much more up there(he said they have the exact same model that I sold in Santee up there) and they were getting multiple offers…I knew this would wrinkle feathers….not everyone feels the same way and I could give a rats…you know…..

This is my first offer, and lowballing because I thought the market was crap and I in the perfect situation. It was NOT a house I have any attachment to. I felt like if I didn’t get it so be it…there are more comming. It just was in the same neighborhood and if I got it at that price I would be pretty sure it wasn’t gonna fall a signifagant amount less,(that I wasn’t sure when the market recovered it would be worth) like the fellow in Temecula we’ve been reading about. After seeing this ridiculous amount of activity- and I MEAN RIDICULOUS……I began to suspect maybe the end is near or here….I needed some validation…..some sure proof that it isn’t turning around…I am second guessing myself….I know Piggingtonians are sure the worst is yet to come…….and they have proof……now I feel better, thanks y’all

[little lady]

DWCAP

Your missing what I am saying, but that is okay…..

“1st, I dont see houses selling in Poway for ~300k. Show me those 300k SFR comps……”

He didn’t say this, he said they were mirror markets, not prices….simular housing stock….although the same kind of house doesn’t go for much more up there(he said they have the exact same model that I sold in Santee up there) and they were getting multiple offers…I knew this would wrinkle feathers….not everyone feels the same way and I could give a rats…you know…..

This is my first offer, and lowballing because I thought the market was crap and I in the perfect situation. It was NOT a house I have any attachment to. I felt like if I didn’t get it so be it…there are more comming. It just was in the same neighborhood and if I got it at that price I would be pretty sure it wasn’t gonna fall a signifagant amount less,(that I wasn’t sure when the market recovered it would be worth) like the fellow in Temecula we’ve been reading about. After seeing this ridiculous amount of activity- and I MEAN RIDICULOUS……I began to suspect maybe the end is near or here….I needed some validation…..some sure proof that it isn’t turning around…I am second guessing myself….I know Piggingtonians are sure the worst is yet to come…….and they have proof……now I feel better, thanks y’all

[little lady]

DWCAP

Your missing what I am saying, but that is okay…..

“1st, I dont see houses selling in Poway for ~300k. Show me those 300k SFR comps……”

He didn’t say this, he said they were mirror markets, not prices….simular housing stock….although the same kind of house doesn’t go for much more up there(he said they have the exact same model that I sold in Santee up there) and they were getting multiple offers…I knew this would wrinkle feathers….not everyone feels the same way and I could give a rats…you know…..

This is my first offer, and lowballing because I thought the market was crap and I in the perfect situation. It was NOT a house I have any attachment to. I felt like if I didn’t get it so be it…there are more comming. It just was in the same neighborhood and if I got it at that price I would be pretty sure it wasn’t gonna fall a signifagant amount less,(that I wasn’t sure when the market recovered it would be worth) like the fellow in Temecula we’ve been reading about. After seeing this ridiculous amount of activity- and I MEAN RIDICULOUS……I began to suspect maybe the end is near or here….I needed some validation…..some sure proof that it isn’t turning around…I am second guessing myself….I know Piggingtonians are sure the worst is yet to come…….and they have proof……now I feel better, thanks y’all

[little lady]

DWCAP

Your missing what I am saying, but that is okay…..

“1st, I dont see houses selling in Poway for ~300k. Show me those 300k SFR comps……”

He didn’t say this, he said they were mirror markets, not prices….simular housing stock….although the same kind of house doesn’t go for much more up there(he said they have the exact same model that I sold in Santee up there) and they were getting multiple offers…I knew this would wrinkle feathers….not everyone feels the same way and I could give a rats…you know…..

This is my first offer, and lowballing because I thought the market was crap and I in the perfect situation. It was NOT a house I have any attachment to. I felt like if I didn’t get it so be it…there are more comming. It just was in the same neighborhood and if I got it at that price I would be pretty sure it wasn’t gonna fall a signifagant amount less,(that I wasn’t sure when the market recovered it would be worth) like the fellow in Temecula we’ve been reading about. After seeing this ridiculous amount of activity- and I MEAN RIDICULOUS……I began to suspect maybe the end is near or here….I needed some validation…..some sure proof that it isn’t turning around…I am second guessing myself….I know Piggingtonians are sure the worst is yet to come…….and they have proof……now I feel better, thanks y’all

[little lady]

“You’ll know we’re near the bottom when you **don’t** see multiple families looking at an over-priced 1970s tract shack that’s “on sale” for $450K.”

We don’t…….even the great ones @ that price…..

Houses that are selling round here are sub 400k…..that is why I am thinking maybe SANTEE and others like it ARE bottoming out……….

BUT I AM WRONG……..right?

[little lady]

“You’ll know we’re near the bottom when you **don’t** see multiple families looking at an over-priced 1970s tract shack that’s “on sale” for $450K.”

We don’t…….even the great ones @ that price…..

Houses that are selling round here are sub 400k…..that is why I am thinking maybe SANTEE and others like it ARE bottoming out……….

BUT I AM WRONG……..right?

[little lady]

“You’ll know we’re near the bottom when you **don’t** see multiple families looking at an over-priced 1970s tract shack that’s “on sale” for $450K.”

We don’t…….even the great ones @ that price…..

Houses that are selling round here are sub 400k…..that is why I am thinking maybe SANTEE and others like it ARE bottoming out……….

BUT I AM WRONG……..right?

[little lady]

“You’ll know we’re near the bottom when you **don’t** see multiple families looking at an over-priced 1970s tract shack that’s “on sale” for $450K.”

We don’t…….even the great ones @ that price…..

Houses that are selling round here are sub 400k…..that is why I am thinking maybe SANTEE and others like it ARE bottoming out……….

BUT I AM WRONG……..right?

[little lady]

“You’ll know we’re near the bottom when you **don’t** see multiple families looking at an over-priced 1970s tract shack that’s “on sale” for $450K.”

We don’t…….even the great ones @ that price…..

Houses that are selling round here are sub 400k…..that is why I am thinking maybe SANTEE and others like it ARE bottoming out……….

BUT I AM WRONG……..right?

[Author]

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