[moneymaker]

I would do #2, or even better yet sell the condo to somebody that has a decent down as a 5 year interest only loan, then when they default down the road you can resell the condo for hopefully more dough. Isn’t this the really successful business that banks are in. Seriuosly though a condo is a no-no as an investment, buying it out of town makes it even worse. I personally would sell it,carry the paper on an i/o loan. It’s a win-win, you make good interest on the loan because the buyer has lousy credit or you resell it down the road (assuming the worst, that the buyer loses their job)when the market recovers. Third choice, move to Arizona, I hear the heat can be bearable if you have A/C. P.S.- I was born there but because of heatstroke I really don’t remember much.J/K

[moneymaker]

I would do #2, or even better yet sell the condo to somebody that has a decent down as a 5 year interest only loan, then when they default down the road you can resell the condo for hopefully more dough. Isn’t this the really successful business that banks are in. Seriuosly though a condo is a no-no as an investment, buying it out of town makes it even worse. I personally would sell it,carry the paper on an i/o loan. It’s a win-win, you make good interest on the loan because the buyer has lousy credit or you resell it down the road (assuming the worst, that the buyer loses their job)when the market recovers. Third choice, move to Arizona, I hear the heat can be bearable if you have A/C. P.S.- I was born there but because of heatstroke I really don’t remember much.J/K

[moneymaker]

I would do #2, or even better yet sell the condo to somebody that has a decent down as a 5 year interest only loan, then when they default down the road you can resell the condo for hopefully more dough. Isn’t this the really successful business that banks are in. Seriuosly though a condo is a no-no as an investment, buying it out of town makes it even worse. I personally would sell it,carry the paper on an i/o loan. It’s a win-win, you make good interest on the loan because the buyer has lousy credit or you resell it down the road (assuming the worst, that the buyer loses their job)when the market recovers. Third choice, move to Arizona, I hear the heat can be bearable if you have A/C. P.S.- I was born there but because of heatstroke I really don’t remember much.J/K

[moneymaker]

Perhaps if the seller/bank looked at more than 1 applicant/offer at a time things would be better. I know they feel flooded with REO’s, but how do you make a rational decision with no competing offers? By the way AK I love that line too, Good One!

[moneymaker]

Perhaps if the seller/bank looked at more than 1 applicant/offer at a time things would be better. I know they feel flooded with REO’s, but how do you make a rational decision with no competing offers? By the way AK I love that line too, Good One!

[moneymaker]

Perhaps if the seller/bank looked at more than 1 applicant/offer at a time things would be better. I know they feel flooded with REO’s, but how do you make a rational decision with no competing offers? By the way AK I love that line too, Good One!

[moneymaker]

Perhaps if the seller/bank looked at more than 1 applicant/offer at a time things would be better. I know they feel flooded with REO’s, but how do you make a rational decision with no competing offers? By the way AK I love that line too, Good One!

[moneymaker]

Perhaps if the seller/bank looked at more than 1 applicant/offer at a time things would be better. I know they feel flooded with REO’s, but how do you make a rational decision with no competing offers? By the way AK I love that line too, Good One!

[moneymaker]

Thanks for clearing that up SD Realtor. We are happy with the home we have, and we did not have to do a lot to it.

[moneymaker]

Thanks for clearing that up SD Realtor. We are happy with the home we have, and we did not have to do a lot to it.

[moneymaker]

Thanks for clearing that up SD Realtor. We are happy with the home we have, and we did not have to do a lot to it.

[moneymaker]

Thanks for clearing that up SD Realtor. We are happy with the home we have, and we did not have to do a lot to it.

[moneymaker]

Thanks for clearing that up SD Realtor. We are happy with the home we have, and we did not have to do a lot to it.

[moneymaker]

I’ll agree with what’s going on, I’ve seen it myself. We wanted to purchase a house. We were told they had already accepted an offer, this was back in October I believe. Well I just looked it up recently and it sold recently for $30k less than we paid for our current home, that’s about $70k less than their asking price back in October, doesn’t make sense to me. Here’s the URL from Zillow http://www.zillow.com/homedetails/2548-Washington-St-Lemon-Grove-CA-91945/17017349_zpid/ Kinda makes me wonder if agents/brokers are funneling houses to friends/relatives.

[moneymaker]

I’ll agree with what’s going on, I’ve seen it myself. We wanted to purchase a house. We were told they had already accepted an offer, this was back in October I believe. Well I just looked it up recently and it sold recently for $30k less than we paid for our current home, that’s about $70k less than their asking price back in October, doesn’t make sense to me. Here’s the URL from Zillow http://www.zillow.com/homedetails/2548-Washington-St-Lemon-Grove-CA-91945/17017349_zpid/ Kinda makes me wonder if agents/brokers are funneling houses to friends/relatives.

[Author]

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