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SD Realtor
ParticipantIMO I think the 912,913,914, and 915 zips could see some of the biggest drops percentage wise in the entire county… Right up there with downtown.
SD Realtor
ParticipantIronic that two days after the sale closed I got another call from a homeowner in Park East. Pretty much an exact situation as the Discovery owner. However the Discovery owner was a bit more accepting of the market the Park East owner is not. I will keep the board updated as to how this one plays out.
Oh yeah his daughter owns a unit as well…
SD Realtor
ParticipantIronic that two days after the sale closed I got another call from a homeowner in Park East. Pretty much an exact situation as the Discovery owner. However the Discovery owner was a bit more accepting of the market the Park East owner is not. I will keep the board updated as to how this one plays out.
Oh yeah his daughter owns a unit as well…
SD Realtor
ParticipantIronic that two days after the sale closed I got another call from a homeowner in Park East. Pretty much an exact situation as the Discovery owner. However the Discovery owner was a bit more accepting of the market the Park East owner is not. I will keep the board updated as to how this one plays out.
Oh yeah his daughter owns a unit as well…
SD Realtor
Participantmuggle your post makes to much sense. In fact some people with lots of equity are like that. They see the opportunity to take big profits without being biased by the fact that two years ago their neighbor made more profit. They understand that they can take the profit, move on with their life, and make an even better return in the next few years rather then lose more equity.
Some of them understand that. Others do not. They believe that next year the market will magically turn. Or they believe that they will get a better return by holding on to the home. Or they are emotional about it and cannot fathom that markets go down as well as going up.
Then of course some people are just greedy….
SD Realtor
Participantmuggle your post makes to much sense. In fact some people with lots of equity are like that. They see the opportunity to take big profits without being biased by the fact that two years ago their neighbor made more profit. They understand that they can take the profit, move on with their life, and make an even better return in the next few years rather then lose more equity.
Some of them understand that. Others do not. They believe that next year the market will magically turn. Or they believe that they will get a better return by holding on to the home. Or they are emotional about it and cannot fathom that markets go down as well as going up.
Then of course some people are just greedy….
SD Realtor
Participantmuggle your post makes to much sense. In fact some people with lots of equity are like that. They see the opportunity to take big profits without being biased by the fact that two years ago their neighbor made more profit. They understand that they can take the profit, move on with their life, and make an even better return in the next few years rather then lose more equity.
Some of them understand that. Others do not. They believe that next year the market will magically turn. Or they believe that they will get a better return by holding on to the home. Or they are emotional about it and cannot fathom that markets go down as well as going up.
Then of course some people are just greedy….
SD Realtor
ParticipantGlenGary GlenRoss…
Coffee is for closers!
(Rus I am showing my age again… although Superbad looks like a potentially funny movie this summer only cuz the George Michael is in it)
SD Realtor
ParticipantGlenGary GlenRoss…
Coffee is for closers!
(Rus I am showing my age again… although Superbad looks like a potentially funny movie this summer only cuz the George Michael is in it)
SD Realtor
ParticipantGlenGary GlenRoss…
Coffee is for closers!
(Rus I am showing my age again… although Superbad looks like a potentially funny movie this summer only cuz the George Michael is in it)
SD Realtor
August 9, 2007 at 3:29 PM in reply to: Nationally televised news program needs family facing forclosure for story #72451Participantbsrsharma you may be right but I cannot advise them on this. It is way out of my profession so I simply presented the offer to them. I think it would be irresponsible to promote things which I do not know about.
What if they went on and then the next day everyone at work looks at them and asks them what they are gonna do about losing their home? Or the kids get ridiculed at school? Again I am not saying stuff like this will happen but I absolutely would not feel comfortable promoting or not promoting this sort of stuff to them.
I don’t know the potential benefits nor the potential downside and anything I say would be speculative.
It would be irresponsible.
SD Realtor
August 9, 2007 at 3:29 PM in reply to: Nationally televised news program needs family facing forclosure for story #72568Participantbsrsharma you may be right but I cannot advise them on this. It is way out of my profession so I simply presented the offer to them. I think it would be irresponsible to promote things which I do not know about.
What if they went on and then the next day everyone at work looks at them and asks them what they are gonna do about losing their home? Or the kids get ridiculed at school? Again I am not saying stuff like this will happen but I absolutely would not feel comfortable promoting or not promoting this sort of stuff to them.
I don’t know the potential benefits nor the potential downside and anything I say would be speculative.
It would be irresponsible.
SD Realtor
August 9, 2007 at 3:29 PM in reply to: Nationally televised news program needs family facing forclosure for story #72578Participantbsrsharma you may be right but I cannot advise them on this. It is way out of my profession so I simply presented the offer to them. I think it would be irresponsible to promote things which I do not know about.
What if they went on and then the next day everyone at work looks at them and asks them what they are gonna do about losing their home? Or the kids get ridiculed at school? Again I am not saying stuff like this will happen but I absolutely would not feel comfortable promoting or not promoting this sort of stuff to them.
I don’t know the potential benefits nor the potential downside and anything I say would be speculative.
It would be irresponsible.
SD Realtor
Participant“My understanding was that a short sale was a sale where the seller owed more than he was asking. Does that mean these houses were HELOC’ed?”
Yep…
Short sale has nothing to do with the previous selling price. It has to do with your obligation to the lender. So yes it was refinanced in some manner. Which is most likely exactly what happened with the Poblado example.
SD Realtor
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