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SD Realtor
ParticipantCAR this is DEFINITELY not a case of an outlier indicating the whole area will follow suit. Even in the toughest part of the recent dip in 07 and 08 this would have been shaky.
ParticipantCAR this is DEFINITELY not a case of an outlier indicating the whole area will follow suit. Even in the toughest part of the recent dip in 07 and 08 this would have been shaky.
ParticipantCAR this is DEFINITELY not a case of an outlier indicating the whole area will follow suit. Even in the toughest part of the recent dip in 07 and 08 this would have been shaky.
Participant420k by September?
Participant420k by September?
Participant420k by September?
Participant420k by September?
Participant420k by September?
ParticipantYou two guys are great….
So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.
Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.
AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.
So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.
ParticipantYou two guys are great….
So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.
Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.
AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.
So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.
ParticipantYou two guys are great….
So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.
Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.
AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.
So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.
ParticipantYou two guys are great….
So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.
Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.
AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.
So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.
ParticipantYou two guys are great….
So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.
Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.
AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.
So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.
ParticipantCAR what you are saying makes sense but how then does anyone know the difference. Two homes with similar layouts, and square footage, sell and one had concessions spelled out in the contract and one did not then how does the appraiser know?
Wouldn’t that lead to an appraisal that was incorrect?
BTW I do agree that the way it works now with the contract being viewed by the appraiser is not something I agree with either. Don’t get me wrong there needs to be a better way. Also lets not forget the appraiser doesn’t know of any of the loan mods in the area as well, (to me this is more damaging then having the contract) so what can you do.
What also sucks is that some appraisers do not even check on the condition of the comps that they use. Some do call the agents for those closed sales and some do not.
Anyways, lots wrong with the way it was done, and I don’t agree with them seeing the contract but I am telling you what they have told me.
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