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SD Realtor
ParticipantI would strongly agree with Santee as well. Unfortunately it was hit pretty hard by investors when we bottomed at the end of 08. Also be prepared to get some tools out as you will be most likely fixing things. Still for the money and lot size it may be a realistic alternative. 52 kind of sucks during rush hour. If 300k is your top and you want a detached home I would think, Santee, Mira Mesa, Poway in no particular order. It will not be easy though. 2 years ago yes. Now a bit harder.
ParticipantI would strongly agree with Santee as well. Unfortunately it was hit pretty hard by investors when we bottomed at the end of 08. Also be prepared to get some tools out as you will be most likely fixing things. Still for the money and lot size it may be a realistic alternative. 52 kind of sucks during rush hour. If 300k is your top and you want a detached home I would think, Santee, Mira Mesa, Poway in no particular order. It will not be easy though. 2 years ago yes. Now a bit harder.
ParticipantI would strongly agree with Santee as well. Unfortunately it was hit pretty hard by investors when we bottomed at the end of 08. Also be prepared to get some tools out as you will be most likely fixing things. Still for the money and lot size it may be a realistic alternative. 52 kind of sucks during rush hour. If 300k is your top and you want a detached home I would think, Santee, Mira Mesa, Poway in no particular order. It will not be easy though. 2 years ago yes. Now a bit harder.
January 30, 2011 at 4:39 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #659942ParticipantYes it was in a differen tpost but you were talking about the EXACT same thing. In fact in that thread you brought up the Holmes case again and you were referencing it again. In that thread that is where you made your assertion you were going to talk to other realtors to find out how many short sales fell through due to all those deadbeat dads and people with judgements.
Different thread but EXACT same topic and you DID SAY buyers were losing money due to THIS TOPIC we are discussing.
So please don’t say that you did not say something when you clearly did, it doesn’t mattter if it was another thread, it was the same topic. EXACT same topic.
*****
No fortunately (I hope) your posts are not scaring Piggs. Hopefully Piggs work with agents who have done a short sale within the last 19 years. Furthermore there are many more lurkers here then anyone even knows and many of them are first time buyers. Hopefully they would identify recent practical experience over armchair experts. I can not enforce or predict what most agents do or do not take care of in their own listing appts. Coming from the engineering field, I find most agents are boobs and I can never rely on them. That is just part of the process and you guide your clients through the bogs as best you can.
*****
Like other posters here who foretold all of us about the foreclosure tsunami, I am quite confident that your bold prediction about how this “landmark ruling” will cause a “wholesale change” in the way short sales are conducted is wrong.
I guess time will tell and we will see. I am not saying those changes you suggested would not be very good for the industry. However I prefer to live in the here and now and get things done as best I can within the current framework.
January 30, 2011 at 4:39 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #660005ParticipantYes it was in a differen tpost but you were talking about the EXACT same thing. In fact in that thread you brought up the Holmes case again and you were referencing it again. In that thread that is where you made your assertion you were going to talk to other realtors to find out how many short sales fell through due to all those deadbeat dads and people with judgements.
Different thread but EXACT same topic and you DID SAY buyers were losing money due to THIS TOPIC we are discussing.
So please don’t say that you did not say something when you clearly did, it doesn’t mattter if it was another thread, it was the same topic. EXACT same topic.
*****
No fortunately (I hope) your posts are not scaring Piggs. Hopefully Piggs work with agents who have done a short sale within the last 19 years. Furthermore there are many more lurkers here then anyone even knows and many of them are first time buyers. Hopefully they would identify recent practical experience over armchair experts. I can not enforce or predict what most agents do or do not take care of in their own listing appts. Coming from the engineering field, I find most agents are boobs and I can never rely on them. That is just part of the process and you guide your clients through the bogs as best you can.
*****
Like other posters here who foretold all of us about the foreclosure tsunami, I am quite confident that your bold prediction about how this “landmark ruling” will cause a “wholesale change” in the way short sales are conducted is wrong.
I guess time will tell and we will see. I am not saying those changes you suggested would not be very good for the industry. However I prefer to live in the here and now and get things done as best I can within the current framework.
January 30, 2011 at 4:39 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #660609ParticipantYes it was in a differen tpost but you were talking about the EXACT same thing. In fact in that thread you brought up the Holmes case again and you were referencing it again. In that thread that is where you made your assertion you were going to talk to other realtors to find out how many short sales fell through due to all those deadbeat dads and people with judgements.
Different thread but EXACT same topic and you DID SAY buyers were losing money due to THIS TOPIC we are discussing.
So please don’t say that you did not say something when you clearly did, it doesn’t mattter if it was another thread, it was the same topic. EXACT same topic.
*****
No fortunately (I hope) your posts are not scaring Piggs. Hopefully Piggs work with agents who have done a short sale within the last 19 years. Furthermore there are many more lurkers here then anyone even knows and many of them are first time buyers. Hopefully they would identify recent practical experience over armchair experts. I can not enforce or predict what most agents do or do not take care of in their own listing appts. Coming from the engineering field, I find most agents are boobs and I can never rely on them. That is just part of the process and you guide your clients through the bogs as best you can.
*****
Like other posters here who foretold all of us about the foreclosure tsunami, I am quite confident that your bold prediction about how this “landmark ruling” will cause a “wholesale change” in the way short sales are conducted is wrong.
I guess time will tell and we will see. I am not saying those changes you suggested would not be very good for the industry. However I prefer to live in the here and now and get things done as best I can within the current framework.
January 30, 2011 at 4:39 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #660747ParticipantYes it was in a differen tpost but you were talking about the EXACT same thing. In fact in that thread you brought up the Holmes case again and you were referencing it again. In that thread that is where you made your assertion you were going to talk to other realtors to find out how many short sales fell through due to all those deadbeat dads and people with judgements.
Different thread but EXACT same topic and you DID SAY buyers were losing money due to THIS TOPIC we are discussing.
So please don’t say that you did not say something when you clearly did, it doesn’t mattter if it was another thread, it was the same topic. EXACT same topic.
*****
No fortunately (I hope) your posts are not scaring Piggs. Hopefully Piggs work with agents who have done a short sale within the last 19 years. Furthermore there are many more lurkers here then anyone even knows and many of them are first time buyers. Hopefully they would identify recent practical experience over armchair experts. I can not enforce or predict what most agents do or do not take care of in their own listing appts. Coming from the engineering field, I find most agents are boobs and I can never rely on them. That is just part of the process and you guide your clients through the bogs as best you can.
*****
Like other posters here who foretold all of us about the foreclosure tsunami, I am quite confident that your bold prediction about how this “landmark ruling” will cause a “wholesale change” in the way short sales are conducted is wrong.
I guess time will tell and we will see. I am not saying those changes you suggested would not be very good for the industry. However I prefer to live in the here and now and get things done as best I can within the current framework.
January 30, 2011 at 4:39 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #661077ParticipantYes it was in a differen tpost but you were talking about the EXACT same thing. In fact in that thread you brought up the Holmes case again and you were referencing it again. In that thread that is where you made your assertion you were going to talk to other realtors to find out how many short sales fell through due to all those deadbeat dads and people with judgements.
Different thread but EXACT same topic and you DID SAY buyers were losing money due to THIS TOPIC we are discussing.
So please don’t say that you did not say something when you clearly did, it doesn’t mattter if it was another thread, it was the same topic. EXACT same topic.
*****
No fortunately (I hope) your posts are not scaring Piggs. Hopefully Piggs work with agents who have done a short sale within the last 19 years. Furthermore there are many more lurkers here then anyone even knows and many of them are first time buyers. Hopefully they would identify recent practical experience over armchair experts. I can not enforce or predict what most agents do or do not take care of in their own listing appts. Coming from the engineering field, I find most agents are boobs and I can never rely on them. That is just part of the process and you guide your clients through the bogs as best you can.
*****
Like other posters here who foretold all of us about the foreclosure tsunami, I am quite confident that your bold prediction about how this “landmark ruling” will cause a “wholesale change” in the way short sales are conducted is wrong.
I guess time will tell and we will see. I am not saying those changes you suggested would not be very good for the industry. However I prefer to live in the here and now and get things done as best I can within the current framework.
January 30, 2011 at 2:48 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #659892ParticipantSDR, WHERE have I stated here that “buyers” are “putting out alot of money?” Am I missing something??
From BG –
“This “end run” after buyers have already committed to the transaction in the form of appraisal/inspection fees and lost time is what will need to be prevented from the get go to “Holmes-proof” yourself in the future”
“More importantly, how much time and money have the buyers wasted on this transaction that will never go thru in accordance with their purchase contract??”
********************
Of course with your vast experience in short sales you also know that regardless of what many of the lien or demand amounts are, there is no telling what they will be when it is time to fish or cut bait. Certainly whenever there is a second lender involved NOBODY will know what they will accept until after the offer is submitted and the first has decided what they will carve out for the second which is usually not much.
Short sales are not for everyone. There is no gaurantee for any buyer to know exactly what all demands are going to be from all lienholders or otherwise until you get down to brass tacks. If you think that before you submit the offer you are going to know all of these items then you should not be involved in a short sale, it is not for you period. Furthermore scare tactics such as you will be putting out alot of money for appraisals/inspections before knowing everything are simply incorrect.
Every agent tries to find out as much as they can before taking any listing, short sale or otherwise. In fact the your entire moaning session has nothing to do with short sales and everything to do with disclosure. Page 2 of the CAR RLA under seller representations COVERS EVERYTHING including, “other pending or threatened action that may affect the Property or Sellers ability to transfer it.”
So don’t make it sound like this “landmark case” is the first in trying to establish this. Stop it! If realtors are lax in not trying to make sure that the Sellers representations are not totally covered when they take a listing appt then shame on them. However you make it sound like this is some new thing, that this landmark case will change the way everything is done. This “landmark case” happened to ENFORCE what is already in place.
January 30, 2011 at 2:48 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #659955ParticipantSDR, WHERE have I stated here that “buyers” are “putting out alot of money?” Am I missing something??
From BG –
“This “end run” after buyers have already committed to the transaction in the form of appraisal/inspection fees and lost time is what will need to be prevented from the get go to “Holmes-proof” yourself in the future”
“More importantly, how much time and money have the buyers wasted on this transaction that will never go thru in accordance with their purchase contract??”
********************
Of course with your vast experience in short sales you also know that regardless of what many of the lien or demand amounts are, there is no telling what they will be when it is time to fish or cut bait. Certainly whenever there is a second lender involved NOBODY will know what they will accept until after the offer is submitted and the first has decided what they will carve out for the second which is usually not much.
Short sales are not for everyone. There is no gaurantee for any buyer to know exactly what all demands are going to be from all lienholders or otherwise until you get down to brass tacks. If you think that before you submit the offer you are going to know all of these items then you should not be involved in a short sale, it is not for you period. Furthermore scare tactics such as you will be putting out alot of money for appraisals/inspections before knowing everything are simply incorrect.
Every agent tries to find out as much as they can before taking any listing, short sale or otherwise. In fact the your entire moaning session has nothing to do with short sales and everything to do with disclosure. Page 2 of the CAR RLA under seller representations COVERS EVERYTHING including, “other pending or threatened action that may affect the Property or Sellers ability to transfer it.”
So don’t make it sound like this “landmark case” is the first in trying to establish this. Stop it! If realtors are lax in not trying to make sure that the Sellers representations are not totally covered when they take a listing appt then shame on them. However you make it sound like this is some new thing, that this landmark case will change the way everything is done. This “landmark case” happened to ENFORCE what is already in place.
January 30, 2011 at 2:48 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #660559ParticipantSDR, WHERE have I stated here that “buyers” are “putting out alot of money?” Am I missing something??
From BG –
“This “end run” after buyers have already committed to the transaction in the form of appraisal/inspection fees and lost time is what will need to be prevented from the get go to “Holmes-proof” yourself in the future”
“More importantly, how much time and money have the buyers wasted on this transaction that will never go thru in accordance with their purchase contract??”
********************
Of course with your vast experience in short sales you also know that regardless of what many of the lien or demand amounts are, there is no telling what they will be when it is time to fish or cut bait. Certainly whenever there is a second lender involved NOBODY will know what they will accept until after the offer is submitted and the first has decided what they will carve out for the second which is usually not much.
Short sales are not for everyone. There is no gaurantee for any buyer to know exactly what all demands are going to be from all lienholders or otherwise until you get down to brass tacks. If you think that before you submit the offer you are going to know all of these items then you should not be involved in a short sale, it is not for you period. Furthermore scare tactics such as you will be putting out alot of money for appraisals/inspections before knowing everything are simply incorrect.
Every agent tries to find out as much as they can before taking any listing, short sale or otherwise. In fact the your entire moaning session has nothing to do with short sales and everything to do with disclosure. Page 2 of the CAR RLA under seller representations COVERS EVERYTHING including, “other pending or threatened action that may affect the Property or Sellers ability to transfer it.”
So don’t make it sound like this “landmark case” is the first in trying to establish this. Stop it! If realtors are lax in not trying to make sure that the Sellers representations are not totally covered when they take a listing appt then shame on them. However you make it sound like this is some new thing, that this landmark case will change the way everything is done. This “landmark case” happened to ENFORCE what is already in place.
January 30, 2011 at 2:48 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #660697ParticipantSDR, WHERE have I stated here that “buyers” are “putting out alot of money?” Am I missing something??
From BG –
“This “end run” after buyers have already committed to the transaction in the form of appraisal/inspection fees and lost time is what will need to be prevented from the get go to “Holmes-proof” yourself in the future”
“More importantly, how much time and money have the buyers wasted on this transaction that will never go thru in accordance with their purchase contract??”
********************
Of course with your vast experience in short sales you also know that regardless of what many of the lien or demand amounts are, there is no telling what they will be when it is time to fish or cut bait. Certainly whenever there is a second lender involved NOBODY will know what they will accept until after the offer is submitted and the first has decided what they will carve out for the second which is usually not much.
Short sales are not for everyone. There is no gaurantee for any buyer to know exactly what all demands are going to be from all lienholders or otherwise until you get down to brass tacks. If you think that before you submit the offer you are going to know all of these items then you should not be involved in a short sale, it is not for you period. Furthermore scare tactics such as you will be putting out alot of money for appraisals/inspections before knowing everything are simply incorrect.
Every agent tries to find out as much as they can before taking any listing, short sale or otherwise. In fact the your entire moaning session has nothing to do with short sales and everything to do with disclosure. Page 2 of the CAR RLA under seller representations COVERS EVERYTHING including, “other pending or threatened action that may affect the Property or Sellers ability to transfer it.”
So don’t make it sound like this “landmark case” is the first in trying to establish this. Stop it! If realtors are lax in not trying to make sure that the Sellers representations are not totally covered when they take a listing appt then shame on them. However you make it sound like this is some new thing, that this landmark case will change the way everything is done. This “landmark case” happened to ENFORCE what is already in place.
January 30, 2011 at 2:48 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #661026ParticipantSDR, WHERE have I stated here that “buyers” are “putting out alot of money?” Am I missing something??
From BG –
“This “end run” after buyers have already committed to the transaction in the form of appraisal/inspection fees and lost time is what will need to be prevented from the get go to “Holmes-proof” yourself in the future”
“More importantly, how much time and money have the buyers wasted on this transaction that will never go thru in accordance with their purchase contract??”
********************
Of course with your vast experience in short sales you also know that regardless of what many of the lien or demand amounts are, there is no telling what they will be when it is time to fish or cut bait. Certainly whenever there is a second lender involved NOBODY will know what they will accept until after the offer is submitted and the first has decided what they will carve out for the second which is usually not much.
Short sales are not for everyone. There is no gaurantee for any buyer to know exactly what all demands are going to be from all lienholders or otherwise until you get down to brass tacks. If you think that before you submit the offer you are going to know all of these items then you should not be involved in a short sale, it is not for you period. Furthermore scare tactics such as you will be putting out alot of money for appraisals/inspections before knowing everything are simply incorrect.
Every agent tries to find out as much as they can before taking any listing, short sale or otherwise. In fact the your entire moaning session has nothing to do with short sales and everything to do with disclosure. Page 2 of the CAR RLA under seller representations COVERS EVERYTHING including, “other pending or threatened action that may affect the Property or Sellers ability to transfer it.”
So don’t make it sound like this “landmark case” is the first in trying to establish this. Stop it! If realtors are lax in not trying to make sure that the Sellers representations are not totally covered when they take a listing appt then shame on them. However you make it sound like this is some new thing, that this landmark case will change the way everything is done. This “landmark case” happened to ENFORCE what is already in place.
January 29, 2011 at 9:25 PM in reply to: Landmark State Decision in RE Agency and Disclosure Law #659692ParticipantI am not taking anything personally. You can look at all my posts and anytime anyone says anything contrary to what is either the truth or what is the reality of what goes on in transactions I speak up.
I am not worried about anything.
Tell us all, since you have been licensed so long, when exactly was your last transaction? In fact when was your last short sale?
As for what NAR or CAR or even SDAR does, I honestly do not care one bit.
The entire premise of your rants have been that buyers spend lots of money before they find out about liens. This is a blatant falsehood. All I am asserting is that what you are saying is not true. The court case is fine and I hope that agent gets what is coming to them.
I am attacking you for making statements about buyers putting out alot of money before being able to find out liens in a short sale.
Just because an escrow is opened doesn’t mean a thing. The buyer does not have to spend a penny. Contingencies have not started in a short sale until written approval is obtained from the lender/lenders involved. Everything can be found out (and usually is found out) weeks and even months before the approval is completed.
Your assertions that buyers are putting out money because they cannot find out this information are false. You are telling a lie. Your other allegations about short sales falling through because of your litany of judgements and other reasons… well I will ask you AGAIN…you said you were going to talk to realtors and find out about how many transactions this occurred in? Well? I am still waiting.
I am not taking anything personally. I am one of a few people who can call you out on this. The bottom line is you know deep down that buyers can find out all of this information and instead of saying, “yes buyers can find out about this” you would rather do anything you can to not say that.
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