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May 11, 2011 at 6:24 PM in reply to: GSE limits slated to drop (PLUS bonus question for mortgage experts) #695485May 11, 2011 at 6:24 PM in reply to: GSE limits slated to drop (PLUS bonus question for mortgage experts) #695839
recordsclerk
ParticipantI don’t see this affecting the foreclosure and short sale market. That market is filled with buyers with large down payments. I think the big impact will be new housing from builders and resale homes from the flippers. This sub-market is filled with marginal buyers and minimal down payments.
recordsclerk
ParticipantRecently released info from Toll Brothers:
Plan 1 – Santa Fe – single level – 4,010 sq ft – 4 BD/4.5 BA/3-car garage
Plan 2 – La Jolla – single level – 4,154 sq ft – 3 BD+Den or Opt 4 BD/3.5 BA/3-car garage/Optional Casita
Plan 3 – Coronado – two story – 4,298 sq ft – 5 BD+Den+Bonus Room/4.5 BA/3.5-car garage
Plan 4 – Balboa – two story – 4,358 sq ft – 4 BD+Den/4.5 BA/4-car garage/Optional Casita
Plan 5 – Pasadena – single level – 4,341 sq ft – 4 BD+Den+Bonus Room/3.5 BA/4-car garage
Plan 6 – San Clemente – two story – 4,397 sq ft – 5 BD+Den/5.5 BA/4-car garage/Optional Bonus Room
Plan 7 – Point Loma – two story – 4,700 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
Plan 8 – Torrey Pines – two story – 4,984 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
No floor plans yet.
recordsclerk
ParticipantRecently released info from Toll Brothers:
Plan 1 – Santa Fe – single level – 4,010 sq ft – 4 BD/4.5 BA/3-car garage
Plan 2 – La Jolla – single level – 4,154 sq ft – 3 BD+Den or Opt 4 BD/3.5 BA/3-car garage/Optional Casita
Plan 3 – Coronado – two story – 4,298 sq ft – 5 BD+Den+Bonus Room/4.5 BA/3.5-car garage
Plan 4 – Balboa – two story – 4,358 sq ft – 4 BD+Den/4.5 BA/4-car garage/Optional Casita
Plan 5 – Pasadena – single level – 4,341 sq ft – 4 BD+Den+Bonus Room/3.5 BA/4-car garage
Plan 6 – San Clemente – two story – 4,397 sq ft – 5 BD+Den/5.5 BA/4-car garage/Optional Bonus Room
Plan 7 – Point Loma – two story – 4,700 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
Plan 8 – Torrey Pines – two story – 4,984 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
No floor plans yet.
recordsclerk
ParticipantRecently released info from Toll Brothers:
Plan 1 – Santa Fe – single level – 4,010 sq ft – 4 BD/4.5 BA/3-car garage
Plan 2 – La Jolla – single level – 4,154 sq ft – 3 BD+Den or Opt 4 BD/3.5 BA/3-car garage/Optional Casita
Plan 3 – Coronado – two story – 4,298 sq ft – 5 BD+Den+Bonus Room/4.5 BA/3.5-car garage
Plan 4 – Balboa – two story – 4,358 sq ft – 4 BD+Den/4.5 BA/4-car garage/Optional Casita
Plan 5 – Pasadena – single level – 4,341 sq ft – 4 BD+Den+Bonus Room/3.5 BA/4-car garage
Plan 6 – San Clemente – two story – 4,397 sq ft – 5 BD+Den/5.5 BA/4-car garage/Optional Bonus Room
Plan 7 – Point Loma – two story – 4,700 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
Plan 8 – Torrey Pines – two story – 4,984 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
No floor plans yet.
recordsclerk
ParticipantRecently released info from Toll Brothers:
Plan 1 – Santa Fe – single level – 4,010 sq ft – 4 BD/4.5 BA/3-car garage
Plan 2 – La Jolla – single level – 4,154 sq ft – 3 BD+Den or Opt 4 BD/3.5 BA/3-car garage/Optional Casita
Plan 3 – Coronado – two story – 4,298 sq ft – 5 BD+Den+Bonus Room/4.5 BA/3.5-car garage
Plan 4 – Balboa – two story – 4,358 sq ft – 4 BD+Den/4.5 BA/4-car garage/Optional Casita
Plan 5 – Pasadena – single level – 4,341 sq ft – 4 BD+Den+Bonus Room/3.5 BA/4-car garage
Plan 6 – San Clemente – two story – 4,397 sq ft – 5 BD+Den/5.5 BA/4-car garage/Optional Bonus Room
Plan 7 – Point Loma – two story – 4,700 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
Plan 8 – Torrey Pines – two story – 4,984 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
No floor plans yet.
recordsclerk
ParticipantRecently released info from Toll Brothers:
Plan 1 – Santa Fe – single level – 4,010 sq ft – 4 BD/4.5 BA/3-car garage
Plan 2 – La Jolla – single level – 4,154 sq ft – 3 BD+Den or Opt 4 BD/3.5 BA/3-car garage/Optional Casita
Plan 3 – Coronado – two story – 4,298 sq ft – 5 BD+Den+Bonus Room/4.5 BA/3.5-car garage
Plan 4 – Balboa – two story – 4,358 sq ft – 4 BD+Den/4.5 BA/4-car garage/Optional Casita
Plan 5 – Pasadena – single level – 4,341 sq ft – 4 BD+Den+Bonus Room/3.5 BA/4-car garage
Plan 6 – San Clemente – two story – 4,397 sq ft – 5 BD+Den/5.5 BA/4-car garage/Optional Bonus Room
Plan 7 – Point Loma – two story – 4,700 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
Plan 8 – Torrey Pines – two story – 4,984 sq ft – 5 BD+Den/5.5 BA/3-car garage/Optional Bonus Room
No floor plans yet.
recordsclerk
ParticipantMission Molding is cheaper than Lowes and Home Depot by the foot. They will only sell you full sticks which are mostly 16ft long. Usually a savings of 15-25 Cents a foot. Both of the box stores allow you to cut individual sizes and only charge by the foot. Depending on your transportation limitations or if you need consistent 12 foot pieces the box stores may be more convenient (transportation) and cost effective. MDF is so cheap that it was always more convenient for us to buy at Mission Molding and cut on the job site. Both of the Box stores have builder packs that are extremely cheap. The builder packs come in packs of 10 or 12 pieces. I think each piece is about 12 to 14ft long. The selection is very limited on builder packs and usually on the smaller basic styles. I would leave crown molding to the experts since you have the vaulted areas that are not even. Even basic installation can be a pain if you don’t have a double bevel mitre saw. You have to cut pieces upside down and reverse if you only have a single bevel.
recordsclerk
ParticipantMission Molding is cheaper than Lowes and Home Depot by the foot. They will only sell you full sticks which are mostly 16ft long. Usually a savings of 15-25 Cents a foot. Both of the box stores allow you to cut individual sizes and only charge by the foot. Depending on your transportation limitations or if you need consistent 12 foot pieces the box stores may be more convenient (transportation) and cost effective. MDF is so cheap that it was always more convenient for us to buy at Mission Molding and cut on the job site. Both of the Box stores have builder packs that are extremely cheap. The builder packs come in packs of 10 or 12 pieces. I think each piece is about 12 to 14ft long. The selection is very limited on builder packs and usually on the smaller basic styles. I would leave crown molding to the experts since you have the vaulted areas that are not even. Even basic installation can be a pain if you don’t have a double bevel mitre saw. You have to cut pieces upside down and reverse if you only have a single bevel.
recordsclerk
ParticipantMission Molding is cheaper than Lowes and Home Depot by the foot. They will only sell you full sticks which are mostly 16ft long. Usually a savings of 15-25 Cents a foot. Both of the box stores allow you to cut individual sizes and only charge by the foot. Depending on your transportation limitations or if you need consistent 12 foot pieces the box stores may be more convenient (transportation) and cost effective. MDF is so cheap that it was always more convenient for us to buy at Mission Molding and cut on the job site. Both of the Box stores have builder packs that are extremely cheap. The builder packs come in packs of 10 or 12 pieces. I think each piece is about 12 to 14ft long. The selection is very limited on builder packs and usually on the smaller basic styles. I would leave crown molding to the experts since you have the vaulted areas that are not even. Even basic installation can be a pain if you don’t have a double bevel mitre saw. You have to cut pieces upside down and reverse if you only have a single bevel.
recordsclerk
ParticipantMission Molding is cheaper than Lowes and Home Depot by the foot. They will only sell you full sticks which are mostly 16ft long. Usually a savings of 15-25 Cents a foot. Both of the box stores allow you to cut individual sizes and only charge by the foot. Depending on your transportation limitations or if you need consistent 12 foot pieces the box stores may be more convenient (transportation) and cost effective. MDF is so cheap that it was always more convenient for us to buy at Mission Molding and cut on the job site. Both of the Box stores have builder packs that are extremely cheap. The builder packs come in packs of 10 or 12 pieces. I think each piece is about 12 to 14ft long. The selection is very limited on builder packs and usually on the smaller basic styles. I would leave crown molding to the experts since you have the vaulted areas that are not even. Even basic installation can be a pain if you don’t have a double bevel mitre saw. You have to cut pieces upside down and reverse if you only have a single bevel.
recordsclerk
ParticipantMission Molding is cheaper than Lowes and Home Depot by the foot. They will only sell you full sticks which are mostly 16ft long. Usually a savings of 15-25 Cents a foot. Both of the box stores allow you to cut individual sizes and only charge by the foot. Depending on your transportation limitations or if you need consistent 12 foot pieces the box stores may be more convenient (transportation) and cost effective. MDF is so cheap that it was always more convenient for us to buy at Mission Molding and cut on the job site. Both of the Box stores have builder packs that are extremely cheap. The builder packs come in packs of 10 or 12 pieces. I think each piece is about 12 to 14ft long. The selection is very limited on builder packs and usually on the smaller basic styles. I would leave crown molding to the experts since you have the vaulted areas that are not even. Even basic installation can be a pain if you don’t have a double bevel mitre saw. You have to cut pieces upside down and reverse if you only have a single bevel.
recordsclerk
Participant[quote=captcha][quote=urbanrealtor]
Also, bear in mind that if she gets foreclosed on while you live there, then worst case, you get 90 days free rent.
[/quote]I believe it is the greater of 90 days or the end of the current lease, unless the property is sold to a buyer who intends to use it as primary residence, in which case it’s 90 days (no ‘end of the lease’ option). It theory it is not free – the new owner has the right to collect the rent and obligation to maintain the property.[/quote]
I would agree that the law implies that you pay the rent. I doubt that any judge would give a judgement to the new owner for unpaid rents in this situation. I believe this is why local rental legal/crises centers are giving the advice not to pay rent for the 90 days.
This is from a tennant protection agency:
In May 2009, the federal government enacted the “Protecting Tenants at Foreclosure Act” giving tenants new protections, such as the right to stay in their homes for at least 90 days after receiving an eviction notice. While state and local laws also contain strong protections, unlawful evictions and harassment of tenants continue.
Tenants should know their rights under the law. These rights include:
– Tenants cannot be required to move out of their homes for at least 90 days following an eviction notice.
– Tenants can insist on staying until the end of their leases. The only exception occurs when the new owner of a single-family home wants to move in.
– Tenants can require banks and their agents to put all communication in writing.
– Tenants are not obliged to accept “cash for keys” money to move out sooner than the law prescribes.
– Harassment, such as improper entry into a person’s home, shutting off water and lights, or changing the locks without a court order is illegal.
– The above rights extend to tenants living in government-subsidized Section 8 housing, who may also have additional protections under state and local laws.
– If a city has a just cause for eviction law, a landlord must have a specific reason to evict a tenant, and foreclosure may not be recognized as a legitimate basis for eviction. Tenants should check local ordinances.recordsclerk
Participant[quote=captcha][quote=urbanrealtor]
Also, bear in mind that if she gets foreclosed on while you live there, then worst case, you get 90 days free rent.
[/quote]I believe it is the greater of 90 days or the end of the current lease, unless the property is sold to a buyer who intends to use it as primary residence, in which case it’s 90 days (no ‘end of the lease’ option). It theory it is not free – the new owner has the right to collect the rent and obligation to maintain the property.[/quote]
I would agree that the law implies that you pay the rent. I doubt that any judge would give a judgement to the new owner for unpaid rents in this situation. I believe this is why local rental legal/crises centers are giving the advice not to pay rent for the 90 days.
This is from a tennant protection agency:
In May 2009, the federal government enacted the “Protecting Tenants at Foreclosure Act” giving tenants new protections, such as the right to stay in their homes for at least 90 days after receiving an eviction notice. While state and local laws also contain strong protections, unlawful evictions and harassment of tenants continue.
Tenants should know their rights under the law. These rights include:
– Tenants cannot be required to move out of their homes for at least 90 days following an eviction notice.
– Tenants can insist on staying until the end of their leases. The only exception occurs when the new owner of a single-family home wants to move in.
– Tenants can require banks and their agents to put all communication in writing.
– Tenants are not obliged to accept “cash for keys” money to move out sooner than the law prescribes.
– Harassment, such as improper entry into a person’s home, shutting off water and lights, or changing the locks without a court order is illegal.
– The above rights extend to tenants living in government-subsidized Section 8 housing, who may also have additional protections under state and local laws.
– If a city has a just cause for eviction law, a landlord must have a specific reason to evict a tenant, and foreclosure may not be recognized as a legitimate basis for eviction. Tenants should check local ordinances.recordsclerk
Participant[quote=captcha][quote=urbanrealtor]
Also, bear in mind that if she gets foreclosed on while you live there, then worst case, you get 90 days free rent.
[/quote]I believe it is the greater of 90 days or the end of the current lease, unless the property is sold to a buyer who intends to use it as primary residence, in which case it’s 90 days (no ‘end of the lease’ option). It theory it is not free – the new owner has the right to collect the rent and obligation to maintain the property.[/quote]
I would agree that the law implies that you pay the rent. I doubt that any judge would give a judgement to the new owner for unpaid rents in this situation. I believe this is why local rental legal/crises centers are giving the advice not to pay rent for the 90 days.
This is from a tennant protection agency:
In May 2009, the federal government enacted the “Protecting Tenants at Foreclosure Act” giving tenants new protections, such as the right to stay in their homes for at least 90 days after receiving an eviction notice. While state and local laws also contain strong protections, unlawful evictions and harassment of tenants continue.
Tenants should know their rights under the law. These rights include:
– Tenants cannot be required to move out of their homes for at least 90 days following an eviction notice.
– Tenants can insist on staying until the end of their leases. The only exception occurs when the new owner of a single-family home wants to move in.
– Tenants can require banks and their agents to put all communication in writing.
– Tenants are not obliged to accept “cash for keys” money to move out sooner than the law prescribes.
– Harassment, such as improper entry into a person’s home, shutting off water and lights, or changing the locks without a court order is illegal.
– The above rights extend to tenants living in government-subsidized Section 8 housing, who may also have additional protections under state and local laws.
– If a city has a just cause for eviction law, a landlord must have a specific reason to evict a tenant, and foreclosure may not be recognized as a legitimate basis for eviction. Tenants should check local ordinances. -
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