[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[pizzaman]

The 11/07/2007 sale is likely the bank taking it back at auction. It is good to see that they went straight to a price that is realistic, they have resigned themselves to a 200k loss. I’m noticing more of this recently.
I’m following a repo through the system in Murrieta right now.
6 acres w/2 houses sold for 1m a couple of years ago. The bank has taken it back for 729k but hasn’t listed it yet. Hopefully its the same bank that took this one back, at 500k I’m in.

[pizzaman]

Makes no sense..
This repo is on a canyon view lot and is listed for $445,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1315798

Model match across the street on an interior lot listed for $619,000 reduced from $635,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1162064
I understand that some of these sellers are listing for what they must get in order to get out because they have no cash to bring to closing and/or to show the bank that they are making an attempt to sell in order to lay the groundwork for a short sale but what possibly logic could there be for reducing the price $16,000 when you are hundreds of thousands over the market.?

And by the way the repo at $445,000 is overpriced as this one came on recently at $354,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1330404
Its about 500 sq ft smaller than the other two (2588 sq ft – not 3224 as listed vs 3165) but its on a canyon view lot. This one might actually sell.

[pizzaman]

Makes no sense..
This repo is on a canyon view lot and is listed for $445,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1315798

Model match across the street on an interior lot listed for $619,000 reduced from $635,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1162064
I understand that some of these sellers are listing for what they must get in order to get out because they have no cash to bring to closing and/or to show the bank that they are making an attempt to sell in order to lay the groundwork for a short sale but what possibly logic could there be for reducing the price $16,000 when you are hundreds of thousands over the market.?

And by the way the repo at $445,000 is overpriced as this one came on recently at $354,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1330404
Its about 500 sq ft smaller than the other two (2588 sq ft – not 3224 as listed vs 3165) but its on a canyon view lot. This one might actually sell.

[pizzaman]

Makes no sense..
This repo is on a canyon view lot and is listed for $445,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1315798

Model match across the street on an interior lot listed for $619,000 reduced from $635,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1162064
I understand that some of these sellers are listing for what they must get in order to get out because they have no cash to bring to closing and/or to show the bank that they are making an attempt to sell in order to lay the groundwork for a short sale but what possibly logic could there be for reducing the price $16,000 when you are hundreds of thousands over the market.?

And by the way the repo at $445,000 is overpriced as this one came on recently at $354,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1330404
Its about 500 sq ft smaller than the other two (2588 sq ft – not 3224 as listed vs 3165) but its on a canyon view lot. This one might actually sell.

[pizzaman]

Makes no sense..
This repo is on a canyon view lot and is listed for $445,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1315798

Model match across the street on an interior lot listed for $619,000 reduced from $635,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1162064
I understand that some of these sellers are listing for what they must get in order to get out because they have no cash to bring to closing and/or to show the bank that they are making an attempt to sell in order to lay the groundwork for a short sale but what possibly logic could there be for reducing the price $16,000 when you are hundreds of thousands over the market.?

And by the way the repo at $445,000 is overpriced as this one came on recently at $354,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1330404
Its about 500 sq ft smaller than the other two (2588 sq ft – not 3224 as listed vs 3165) but its on a canyon view lot. This one might actually sell.

[pizzaman]

Makes no sense..
This repo is on a canyon view lot and is listed for $445,000
http://www.redfin.com/stingray/do/printable-listing?listing-id=1315798

Model match across the street on an interior lot listed for $619,000 reduced from $635,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1162064
I understand that some of these sellers are listing for what they must get in order to get out because they have no cash to bring to closing and/or to show the bank that they are making an attempt to sell in order to lay the groundwork for a short sale but what possibly logic could there be for reducing the price $16,000 when you are hundreds of thousands over the market.?

And by the way the repo at $445,000 is overpriced as this one came on recently at $354,000.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1330404
Its about 500 sq ft smaller than the other two (2588 sq ft – not 3224 as listed vs 3165) but its on a canyon view lot. This one might actually sell.

[pizzaman]

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