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SD Realtor
ParticipantThis is only a guess…There could be many many reasons.
1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.
2 – Becoming a landlord also means incurring liability. In some cases substantial liability.
3 – Sometimes, being a landlord can be a pain in the ass.
There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.
SD Realtor
ParticipantThis is only a guess…There could be many many reasons.
1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.
2 – Becoming a landlord also means incurring liability. In some cases substantial liability.
3 – Sometimes, being a landlord can be a pain in the ass.
There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.
SD Realtor
ParticipantThis is only a guess…There could be many many reasons.
1 – Recall many mortgages have been packaged, sold, resold, etc… There could be restrictions that the underlying asset needs to be owner occupied.
2 – Becoming a landlord also means incurring liability. In some cases substantial liability.
3 – Sometimes, being a landlord can be a pain in the ass.
There are plenty more reasons I am sure. There may be for all I know plenty of lender owned properties that are being rented. However I honestly do not think that is the case.
SD Realtor
ParticipantOne thing that should be noted. I would be willing to bet that at least half of the short sales already have offers into the lender and are in process.
SD Realtor
ParticipantOne thing that should be noted. I would be willing to bet that at least half of the short sales already have offers into the lender and are in process.
SD Realtor
ParticipantOne thing that should be noted. I would be willing to bet that at least half of the short sales already have offers into the lender and are in process.
SD Realtor
ParticipantOne thing that should be noted. I would be willing to bet that at least half of the short sales already have offers into the lender and are in process.
SD Realtor
ParticipantOne thing that should be noted. I would be willing to bet that at least half of the short sales already have offers into the lender and are in process.
SD Realtor
ParticipantSorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.
SD Realtor
ParticipantSorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.
SD Realtor
ParticipantSorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.
SD Realtor
ParticipantSorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.
SD Realtor
ParticipantSorry for the false alarm… no crow to eat yet… my client was a bit confused. The home is not leased nor is it for lease. I called the service company. It is vacant and will be put up for sale…They are still waiting for the BPO to be completed.
SD Realtor
January 21, 2008 at 10:43 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #140447Participantsdr
I didn’t want to say anything because I figured the board here will scorch us. Right now I have 7 purchase agreements submitted for 7 different clients. Some of them have a remote chance of acceptance, others have a greater chance. A few other clients besides those 7 are sitting on some purchase agreements at the moment and thinking of submitting. My listing in Olde Carlsbad went into escrow in 4 days.
I said it before and will say it again, it will not surprise me at all if we see a bump this spring.
Usual disclaimer – I am not saying this is a bull market or anything like that.
However those who think that all of the nice/desireable areas are cratering immediately will be disappointed. There may be a few heres and theres, but the nicer ones will not crater in the next few months for sure. Check back at the end of summer or winter.
SD Realtor
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