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little lady
ParticipantSorry about that. My OWN realestate agent listed the house next to mine a week or two after, which sold a week later. I was a little worried, he said they would compliment each other, when one goes…..goes the other. Which in fact DID happen…but then I thought….dare I say…I maybe should have fsbo or did help u sell….anyway I am happy and I never said BOO to my agent…..ttfn
Participant“Sorry to tell you this. Sept 2005 is considered “near the peak” of the bubble. Prices have only gone down since then.”
This is true, but, the longer you wait to get rid of it the longer you will be upside down……
Get out now while some houses are still selling…cut your losses……or it may take 10 years before you break even and can refinance out of that loan situation.
Participant“”I favor Option 1. Good schools, nice area, great appreciation investment (if done right).”
Please don’t waste our time here with such nonsense…”
EXACTLY!
ParticipantOops! I had an offer on the 45 day, not the 30th………
ParticipantHell yes! Right now is the calm before the storm………I am doing just this very same thing. I hope to close escrow by May….
Of course I do not have the kind of loan situation you do …….ttfnParticipantHey thanks I find this information VERY interesting….
ParticipantLoved it!
Participant” My guess is that it appeared on the S.D. craigslist and not the inland empire one to find someone who is thinking about SD numbers that may seem justifiable, but for this area it is not. It has to be a scam of some sort.”
Don’t doubt it may be a scam, but it was DEFINITELY on inland empire’s craiglist, look at the web address…..or am I missing what your saying somehow?
March 22, 2007 at 2:16 PM in reply to: Homeowners, Lenders Skirt Default, May Curb U.S. Housing Slump #48271Participant“I say BS on the Article.
I’ve been watching ‘short sale’ claims for months. Guess what, the banks aren’t approving anything that basically doesn’t cover their loan.”
I say if we don’t see larger price declines by 12/07, it’s not gonna be much worse than it is. The house prices will stagnate. Of course, I am hoping I am wrong……
March 22, 2007 at 1:04 AM in reply to: Homeowners, Lenders Skirt Default, May Curb U.S. Housing Slump #48241Participantwaiting hawk
OUTSTANDING!!!!!I got chills! Who sings that song and what is his name?
All the lenders, all the money, when will it get WORSE?The Temecula area looks REALLY bad, but my next door(in Santee) neighbors house just got taken off the market. They have an accepted offer in 2 or 3 weeks. I do notice some of the houses in my area have been dropping prices to match ours, or less even. Yet they still sit. When will the HUGE mark downs start………I am waiting too….
March 21, 2007 at 2:05 PM in reply to: Homeowners, Lenders Skirt Default, May Curb U.S. Housing Slump #48212Participant“What’s happening is the front end of this wave of teaser- rate loans that are coming into full pricing,” Bies said. “So what we’re seeing in this narrow segment is the beginning of the wave. This is not the end, this is the beginning.””
That’s what I mean!
ParticipantThe advice of keeping rent in an escrow account might be a good idea, since the landlord has to sue you and you can pay if you have the money (and the judges decides you have to).
No one should be that worried about getting evicted, the court will NEVER allow you to be KICKED right out on the street. They always give a little time even if you didn’t have the money.
My mom has had tenants, and is elderly, and I have helped her evict some loser….he knew what he could get away with having done it before. She depends on that money to live. At least now tenants can’t use bancruptcy to hold the place for months, without rent, due to the new bancruptcy laws.
I believe you can go on nolo.com. I believe you can find some free tenant law information there. It might give you a little piece of mind.
ParticipantIT IS spring 07, anyone check Poway sellers web site?
ParticipantFormerSanDiegan
I consider that “decline of 10%” happening and stagnation, then annual inflation(or cumulative effects of, however you say it), so it (probably) works out in my mind simular to what your saying.
“Assume we are already down 10% over the past 1.5 years for comparable property.”
My house sold for more like 15% less than it did @ the “height” of the market”(that is if it goes through).
Certainly, other places in San Diego are more out of whack with rents, than mine.
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