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SD Realtor
Participant92129
Actives – 112
Pendings – 50Change from last week 7/3/07 (unknown)
Closed escrows (sold) in the past week – 5
New pendings from last week – 8
New withdrawns from last week – 1
New cancelled from last week – 3
New expireds from last week – 1SD Realtor
ParticipantNSR yes corporate owned does now imply REO…
SD Realtor
ParticipantNSR yes corporate owned does now imply REO…
SD Realtor
ParticipantSo just to make sure I understand the situation… A homeowner purchased a home with a risky financing vehicle and only put 5% down. He bought it in a poor noisy location. So today his loan reset, (as he knew it would) and the home has depreciated. He has cash in the bank…
So your advice is to not take any responsibility and just bail out.
Why not ask him to insure the place to the hilt and burn it down?
SD Realtor
ParticipantSo just to make sure I understand the situation… A homeowner purchased a home with a risky financing vehicle and only put 5% down. He bought it in a poor noisy location. So today his loan reset, (as he knew it would) and the home has depreciated. He has cash in the bank…
So your advice is to not take any responsibility and just bail out.
Why not ask him to insure the place to the hilt and burn it down?
SD Realtor
ParticipantWhat Bugs says absolutely rings true. In general the purchase contracts that you enter into with the builder are quite restrictive. Many people who end up backing out because of cold feet or the shock of reality about the loan payment they are about to undertake do indeed lose their deposit. However if you can prove hardship of some type the lender may let you out of it. Furthermore if you really kick up and make a fight out of it and get an attorney then in all likelihood the lender will back off.
Once again, read your purchase contract BEFORE you sign it. Take the contract and bring it to an attorney if you like or even a Realtor.
You can even ask the salespeople your question you posed here and it would be interesting to see the response they give you. My bet is that they would give a blank look or say something like, “well that has never happened, you will not need to worry about that…”
SD Realtor
ParticipantWhat Bugs says absolutely rings true. In general the purchase contracts that you enter into with the builder are quite restrictive. Many people who end up backing out because of cold feet or the shock of reality about the loan payment they are about to undertake do indeed lose their deposit. However if you can prove hardship of some type the lender may let you out of it. Furthermore if you really kick up and make a fight out of it and get an attorney then in all likelihood the lender will back off.
Once again, read your purchase contract BEFORE you sign it. Take the contract and bring it to an attorney if you like or even a Realtor.
You can even ask the salespeople your question you posed here and it would be interesting to see the response they give you. My bet is that they would give a blank look or say something like, “well that has never happened, you will not need to worry about that…”
SD Realtor
ParticipantCan do DDM… I will put it up later tonite after the kids are to bed.
SD Realtor
ParticipantCan do DDM… I will put it up later tonite after the kids are to bed.
SD Realtor
ParticipantRus I do understand and agree with the requirements. Yet there is simply no reason why the effort should not be undertaken. There also should be efforts to facilitate the technology and incentivize rather then to discourage it. Since 2000 there have been all of 43 actual systems installed (that are permitted). That is particularly lame. Anyways yes the requirements may be such that we cannot get it done if the soil doesn’t perc correctly or if the yard we have is not large enough. We will see.
SD Realtor
ParticipantRus I do understand and agree with the requirements. Yet there is simply no reason why the effort should not be undertaken. There also should be efforts to facilitate the technology and incentivize rather then to discourage it. Since 2000 there have been all of 43 actual systems installed (that are permitted). That is particularly lame. Anyways yes the requirements may be such that we cannot get it done if the soil doesn’t perc correctly or if the yard we have is not large enough. We will see.
SD Realtor
ParticipantPersonally I like and will have a large yard. Conservation wise, it stupifies me that counties make it so darn hard to have grey water systems. Incentivizing or even mandating developers to have solar panels and local grey or black water systems would be a much needed step. In no way should it cost about 7-8k for me to put a simple grey water system in my home to water my yard. That is crazy… However when we do buy a home, that will be the first thing we put in. That way I can have a yard out back so my kids can play football and not get cactus prickles in their legs and I won’t be wasting water on the yard.
SD Realtor
ParticipantPersonally I like and will have a large yard. Conservation wise, it stupifies me that counties make it so darn hard to have grey water systems. Incentivizing or even mandating developers to have solar panels and local grey or black water systems would be a much needed step. In no way should it cost about 7-8k for me to put a simple grey water system in my home to water my yard. That is crazy… However when we do buy a home, that will be the first thing we put in. That way I can have a yard out back so my kids can play football and not get cactus prickles in their legs and I won’t be wasting water on the yard.
SD Realtor
ParticipantUpdate time.
7/10/07 – 92131
Total Actives – 116
Total Pendings – 44Closed escrows (sold) in the past week – 4
New listings added in the past week – 11
New pendings from 1 week ago – 6
New withdrawns from 1 week ago – 0
New cancelled from 1 week ago – 1
New expireds from 1 week ago – 2So aggregate gain for listings active is + 2.
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7/10/07 – 92126
Actives – 188
Pendings – 56Closed escrows (sold) in the past week – 3
New listings since last week – 20!
New pendings from 1 week ago – 6
New withdrawns from 1 week ago – 3
New cancelled from 1 week ago – 4
New expired from 1 week ago – 1Aggregate gain for listings active is +14
SD Realtor
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