[ocrenter]

doug and others interested, the blog is now private, e-mail me for invites.

[ocrenter]

doug and others interested, the blog is now private, e-mail me for invites.

[ocrenter]

what happens to the bonds when the homes and lots default and go into foreclosure?

anyone know?

to get an idea of how much these are a burden to the santaluz area, find the parcel number from a randomly picked santaluz home on zillow and plug into this link:

http://www2.sdcounty.ca.gov/pts/fcsasearch.asp

for example, this santaluz home was the subject of discussion over the last couple of weeks.

you’re looking at $6,800.02 for that home.

a quick search of Caminito Lazanja against the county property tax site shows 10 homes did not pay property tax (nor the mello roos). total sample size of properties was 85 homes, so we are looking at a 12% delinquency rate.

of course, if the homes reach a low enough price someone WILL buy them and pay up the past due taxes and mello roos. so it should be fairly safe. right?

[ocrenter]

what happens to the bonds when the homes and lots default and go into foreclosure?

anyone know?

to get an idea of how much these are a burden to the santaluz area, find the parcel number from a randomly picked santaluz home on zillow and plug into this link:

http://www2.sdcounty.ca.gov/pts/fcsasearch.asp

for example, this santaluz home was the subject of discussion over the last couple of weeks.

you’re looking at $6,800.02 for that home.

a quick search of Caminito Lazanja against the county property tax site shows 10 homes did not pay property tax (nor the mello roos). total sample size of properties was 85 homes, so we are looking at a 12% delinquency rate.

of course, if the homes reach a low enough price someone WILL buy them and pay up the past due taxes and mello roos. so it should be fairly safe. right?

[ocrenter]

what happens to the bonds when the homes and lots default and go into foreclosure?

anyone know?

to get an idea of how much these are a burden to the santaluz area, find the parcel number from a randomly picked santaluz home on zillow and plug into this link:

http://www2.sdcounty.ca.gov/pts/fcsasearch.asp

for example, this santaluz home was the subject of discussion over the last couple of weeks.

you’re looking at $6,800.02 for that home.

a quick search of Caminito Lazanja against the county property tax site shows 10 homes did not pay property tax (nor the mello roos). total sample size of properties was 85 homes, so we are looking at a 12% delinquency rate.

of course, if the homes reach a low enough price someone WILL buy them and pay up the past due taxes and mello roos. so it should be fairly safe. right?

[ocrenter]

what happens to the bonds when the homes and lots default and go into foreclosure?

anyone know?

to get an idea of how much these are a burden to the santaluz area, find the parcel number from a randomly picked santaluz home on zillow and plug into this link:

http://www2.sdcounty.ca.gov/pts/fcsasearch.asp

for example, this santaluz home was the subject of discussion over the last couple of weeks.

you’re looking at $6,800.02 for that home.

a quick search of Caminito Lazanja against the county property tax site shows 10 homes did not pay property tax (nor the mello roos). total sample size of properties was 85 homes, so we are looking at a 12% delinquency rate.

of course, if the homes reach a low enough price someone WILL buy them and pay up the past due taxes and mello roos. so it should be fairly safe. right?

[ocrenter]

what happens to the bonds when the homes and lots default and go into foreclosure?

anyone know?

to get an idea of how much these are a burden to the santaluz area, find the parcel number from a randomly picked santaluz home on zillow and plug into this link:

http://www2.sdcounty.ca.gov/pts/fcsasearch.asp

for example, this santaluz home was the subject of discussion over the last couple of weeks.

you’re looking at $6,800.02 for that home.

a quick search of Caminito Lazanja against the county property tax site shows 10 homes did not pay property tax (nor the mello roos). total sample size of properties was 85 homes, so we are looking at a 12% delinquency rate.

of course, if the homes reach a low enough price someone WILL buy them and pay up the past due taxes and mello roos. so it should be fairly safe. right?

[ocrenter]

from UT today:

Single mother Kelly Soban, who in 2004 bought two homes using $350,000 in proceeds from the sale of a previous house, recently sold one of them for substantially less than what she paid for it to avoid foreclosure.

“I was really poorly advised every step of the way from different people, and my Realtor kept saying, ‘The market will get better; keep paying the mortgage,’ ” said Soban, who still owns her home in Clairemont. An investment house she bought in Lakeside for $510,000 recently sold for $278,000

the goal over the last 3 years was to provide just some balance to the avalanche of poor advise out there. and seriously, we can only do so much convincing with data, charts, and graphs.

[ocrenter]

from UT today:

Single mother Kelly Soban, who in 2004 bought two homes using $350,000 in proceeds from the sale of a previous house, recently sold one of them for substantially less than what she paid for it to avoid foreclosure.

“I was really poorly advised every step of the way from different people, and my Realtor kept saying, ‘The market will get better; keep paying the mortgage,’ ” said Soban, who still owns her home in Clairemont. An investment house she bought in Lakeside for $510,000 recently sold for $278,000

the goal over the last 3 years was to provide just some balance to the avalanche of poor advise out there. and seriously, we can only do so much convincing with data, charts, and graphs.

[ocrenter]

from UT today:

Single mother Kelly Soban, who in 2004 bought two homes using $350,000 in proceeds from the sale of a previous house, recently sold one of them for substantially less than what she paid for it to avoid foreclosure.

“I was really poorly advised every step of the way from different people, and my Realtor kept saying, ‘The market will get better; keep paying the mortgage,’ ” said Soban, who still owns her home in Clairemont. An investment house she bought in Lakeside for $510,000 recently sold for $278,000

the goal over the last 3 years was to provide just some balance to the avalanche of poor advise out there. and seriously, we can only do so much convincing with data, charts, and graphs.

[ocrenter]

from UT today:

Single mother Kelly Soban, who in 2004 bought two homes using $350,000 in proceeds from the sale of a previous house, recently sold one of them for substantially less than what she paid for it to avoid foreclosure.

“I was really poorly advised every step of the way from different people, and my Realtor kept saying, ‘The market will get better; keep paying the mortgage,’ ” said Soban, who still owns her home in Clairemont. An investment house she bought in Lakeside for $510,000 recently sold for $278,000

the goal over the last 3 years was to provide just some balance to the avalanche of poor advise out there. and seriously, we can only do so much convincing with data, charts, and graphs.

[ocrenter]

from UT today:

Single mother Kelly Soban, who in 2004 bought two homes using $350,000 in proceeds from the sale of a previous house, recently sold one of them for substantially less than what she paid for it to avoid foreclosure.

“I was really poorly advised every step of the way from different people, and my Realtor kept saying, ‘The market will get better; keep paying the mortgage,’ ” said Soban, who still owns her home in Clairemont. An investment house she bought in Lakeside for $510,000 recently sold for $278,000

the goal over the last 3 years was to provide just some balance to the avalanche of poor advise out there. and seriously, we can only do so much convincing with data, charts, and graphs.

[ocrenter]

thank you to everyone’s support, it is much appreciated.

someone on this board has a very wild and active imagination, a need to prove his academic theory right, and a lot of time. those make for very deadly and dangerous combination.

[ocrenter]

thank you to everyone’s support, it is much appreciated.

someone on this board has a very wild and active imagination, a need to prove his academic theory right, and a lot of time. those make for very deadly and dangerous combination.

[ocrenter]

thank you to everyone’s support, it is much appreciated.

someone on this board has a very wild and active imagination, a need to prove his academic theory right, and a lot of time. those make for very deadly and dangerous combination.

[Author]

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