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PadreBrian
Participant[quote=jpinpb]Here’s one you’ll all enjoy. 3593 Ethan Allen.
I happened to be crusing around on my Vespa yesterday and noticed this place, all fenced up and looked like it was half demolished and half attempt at fixing. But it was not in progress as the weeds pretty much took over the yard. I was thinking someone was going to make it their dream home, but probably more like someone doing a fix and flip.
Bought 08/04/2006 for $725k. The NOD was filed way back 12/13/07. Foreclosure finally was scheduled 4/1/08. Original Loan : $640,000.00 – WaMu special. I never noticed it in the MLS, but it says it sold 04/18/2008 for $671k. I don’t know if that’s the price back to the bank or if someone somehow bought it.
Nevertheless, it took the bank well over a year and it was not listed for sale or short sale or even habitable. What excuse could they possible have for sitting on a wreck of a house?
[/quote]
The prop tax shows it’s an individual. Just a lol flipper, not a bank.PadreBrian
Participant[quote=jpinpb]Here’s one you’ll all enjoy. 3593 Ethan Allen.
I happened to be crusing around on my Vespa yesterday and noticed this place, all fenced up and looked like it was half demolished and half attempt at fixing. But it was not in progress as the weeds pretty much took over the yard. I was thinking someone was going to make it their dream home, but probably more like someone doing a fix and flip.
Bought 08/04/2006 for $725k. The NOD was filed way back 12/13/07. Foreclosure finally was scheduled 4/1/08. Original Loan : $640,000.00 – WaMu special. I never noticed it in the MLS, but it says it sold 04/18/2008 for $671k. I don’t know if that’s the price back to the bank or if someone somehow bought it.
Nevertheless, it took the bank well over a year and it was not listed for sale or short sale or even habitable. What excuse could they possible have for sitting on a wreck of a house?
[/quote]
The prop tax shows it’s an individual. Just a lol flipper, not a bank.PadreBrian
Participant[quote=jpinpb]Here’s one you’ll all enjoy. 3593 Ethan Allen.
I happened to be crusing around on my Vespa yesterday and noticed this place, all fenced up and looked like it was half demolished and half attempt at fixing. But it was not in progress as the weeds pretty much took over the yard. I was thinking someone was going to make it their dream home, but probably more like someone doing a fix and flip.
Bought 08/04/2006 for $725k. The NOD was filed way back 12/13/07. Foreclosure finally was scheduled 4/1/08. Original Loan : $640,000.00 – WaMu special. I never noticed it in the MLS, but it says it sold 04/18/2008 for $671k. I don’t know if that’s the price back to the bank or if someone somehow bought it.
Nevertheless, it took the bank well over a year and it was not listed for sale or short sale or even habitable. What excuse could they possible have for sitting on a wreck of a house?
[/quote]
The prop tax shows it’s an individual. Just a lol flipper, not a bank.PadreBrian
Participant[quote=jpinpb]Here’s one you’ll all enjoy. 3593 Ethan Allen.
I happened to be crusing around on my Vespa yesterday and noticed this place, all fenced up and looked like it was half demolished and half attempt at fixing. But it was not in progress as the weeds pretty much took over the yard. I was thinking someone was going to make it their dream home, but probably more like someone doing a fix and flip.
Bought 08/04/2006 for $725k. The NOD was filed way back 12/13/07. Foreclosure finally was scheduled 4/1/08. Original Loan : $640,000.00 – WaMu special. I never noticed it in the MLS, but it says it sold 04/18/2008 for $671k. I don’t know if that’s the price back to the bank or if someone somehow bought it.
Nevertheless, it took the bank well over a year and it was not listed for sale or short sale or even habitable. What excuse could they possible have for sitting on a wreck of a house?
[/quote]
The prop tax shows it’s an individual. Just a lol flipper, not a bank.PadreBrian
ParticipantI have a co-worker that’s the same way, he had a reduced apr but he never missed a payment. The bank uses that 33% rule to figure out your new mortgage.
I would recommend anyone here that is a home “occupier”, to call their bank and get a new rate. There’s no liar loans anymore, so you still have to qualify for the new loan…pre-2003 style.
PadreBrian
ParticipantI have a co-worker that’s the same way, he had a reduced apr but he never missed a payment. The bank uses that 33% rule to figure out your new mortgage.
I would recommend anyone here that is a home “occupier”, to call their bank and get a new rate. There’s no liar loans anymore, so you still have to qualify for the new loan…pre-2003 style.
PadreBrian
ParticipantI have a co-worker that’s the same way, he had a reduced apr but he never missed a payment. The bank uses that 33% rule to figure out your new mortgage.
I would recommend anyone here that is a home “occupier”, to call their bank and get a new rate. There’s no liar loans anymore, so you still have to qualify for the new loan…pre-2003 style.
PadreBrian
ParticipantI have a co-worker that’s the same way, he had a reduced apr but he never missed a payment. The bank uses that 33% rule to figure out your new mortgage.
I would recommend anyone here that is a home “occupier”, to call their bank and get a new rate. There’s no liar loans anymore, so you still have to qualify for the new loan…pre-2003 style.
PadreBrian
ParticipantI have a co-worker that’s the same way, he had a reduced apr but he never missed a payment. The bank uses that 33% rule to figure out your new mortgage.
I would recommend anyone here that is a home “occupier”, to call their bank and get a new rate. There’s no liar loans anymore, so you still have to qualify for the new loan…pre-2003 style.
PadreBrian
Participant[quote=jpinpb]Padre – here is another one:
3739 Balboa Terrace B is not fraud, but just bank delaying foreclosure.
They received their NOD in July 2008. Foreclosure was scheduled 12-22. It kept getting postponed. They have been attempting to sell since May 2008. Here we are in April 2009. It just recently went pending. It will be interesting to see at what it closes.
I only happen to remember this b/c I am in the area. But suffice to say that the banks are taking quite a while to foreclose. There are many more like this. It is not uncommon.[/quote]
I agree, looks like a dumb dumb bank.
I think we can all come to terms here and call a club a club. There’s no vast right-wing conspiracy here in SD. Over the last 2 years since I have been a member I have been keeping track of of CV. Banks are NOT hiding phantom properties. They always make it to market. Yes, sometimes that takes close to a year if the thief squatting in the house knows how to drag it out, but they always make it to market sooner or later.
PadreBrian
Participant[quote=jpinpb]Padre – here is another one:
3739 Balboa Terrace B is not fraud, but just bank delaying foreclosure.
They received their NOD in July 2008. Foreclosure was scheduled 12-22. It kept getting postponed. They have been attempting to sell since May 2008. Here we are in April 2009. It just recently went pending. It will be interesting to see at what it closes.
I only happen to remember this b/c I am in the area. But suffice to say that the banks are taking quite a while to foreclose. There are many more like this. It is not uncommon.[/quote]
I agree, looks like a dumb dumb bank.
I think we can all come to terms here and call a club a club. There’s no vast right-wing conspiracy here in SD. Over the last 2 years since I have been a member I have been keeping track of of CV. Banks are NOT hiding phantom properties. They always make it to market. Yes, sometimes that takes close to a year if the thief squatting in the house knows how to drag it out, but they always make it to market sooner or later.
PadreBrian
Participant[quote=jpinpb]Padre – here is another one:
3739 Balboa Terrace B is not fraud, but just bank delaying foreclosure.
They received their NOD in July 2008. Foreclosure was scheduled 12-22. It kept getting postponed. They have been attempting to sell since May 2008. Here we are in April 2009. It just recently went pending. It will be interesting to see at what it closes.
I only happen to remember this b/c I am in the area. But suffice to say that the banks are taking quite a while to foreclose. There are many more like this. It is not uncommon.[/quote]
I agree, looks like a dumb dumb bank.
I think we can all come to terms here and call a club a club. There’s no vast right-wing conspiracy here in SD. Over the last 2 years since I have been a member I have been keeping track of of CV. Banks are NOT hiding phantom properties. They always make it to market. Yes, sometimes that takes close to a year if the thief squatting in the house knows how to drag it out, but they always make it to market sooner or later.
PadreBrian
Participant[quote=jpinpb]Padre – here is another one:
3739 Balboa Terrace B is not fraud, but just bank delaying foreclosure.
They received their NOD in July 2008. Foreclosure was scheduled 12-22. It kept getting postponed. They have been attempting to sell since May 2008. Here we are in April 2009. It just recently went pending. It will be interesting to see at what it closes.
I only happen to remember this b/c I am in the area. But suffice to say that the banks are taking quite a while to foreclose. There are many more like this. It is not uncommon.[/quote]
I agree, looks like a dumb dumb bank.
I think we can all come to terms here and call a club a club. There’s no vast right-wing conspiracy here in SD. Over the last 2 years since I have been a member I have been keeping track of of CV. Banks are NOT hiding phantom properties. They always make it to market. Yes, sometimes that takes close to a year if the thief squatting in the house knows how to drag it out, but they always make it to market sooner or later.
PadreBrian
Participant[quote=jpinpb]Padre – here is another one:
3739 Balboa Terrace B is not fraud, but just bank delaying foreclosure.
They received their NOD in July 2008. Foreclosure was scheduled 12-22. It kept getting postponed. They have been attempting to sell since May 2008. Here we are in April 2009. It just recently went pending. It will be interesting to see at what it closes.
I only happen to remember this b/c I am in the area. But suffice to say that the banks are taking quite a while to foreclose. There are many more like this. It is not uncommon.[/quote]
I agree, looks like a dumb dumb bank.
I think we can all come to terms here and call a club a club. There’s no vast right-wing conspiracy here in SD. Over the last 2 years since I have been a member I have been keeping track of of CV. Banks are NOT hiding phantom properties. They always make it to market. Yes, sometimes that takes close to a year if the thief squatting in the house knows how to drag it out, but they always make it to market sooner or later.
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