[SD Realtor]

AK if you put out the addresses we can check to see if they were all cash or not.

Threadkiller, when you put an offer on the home on Washington it was a short sale. The home was listed for 300k with Realty Headquarters. The home was being processed but it ended up going to foreclosure on 12/18/08. Now I do not see the home ever being relisted on the MLS. Yes it was purchased for 210k.

So yes this indeed could have been a situation where the home was funneled to someone from an unscrupulous agent who got the listing from an asset manager. There is no mortgage recorded on it so it was an all cash deal.

[SD Realtor]

AK if you put out the addresses we can check to see if they were all cash or not.

Threadkiller, when you put an offer on the home on Washington it was a short sale. The home was listed for 300k with Realty Headquarters. The home was being processed but it ended up going to foreclosure on 12/18/08. Now I do not see the home ever being relisted on the MLS. Yes it was purchased for 210k.

So yes this indeed could have been a situation where the home was funneled to someone from an unscrupulous agent who got the listing from an asset manager. There is no mortgage recorded on it so it was an all cash deal.

[SD Realtor]

AK if you put out the addresses we can check to see if they were all cash or not.

Threadkiller, when you put an offer on the home on Washington it was a short sale. The home was listed for 300k with Realty Headquarters. The home was being processed but it ended up going to foreclosure on 12/18/08. Now I do not see the home ever being relisted on the MLS. Yes it was purchased for 210k.

So yes this indeed could have been a situation where the home was funneled to someone from an unscrupulous agent who got the listing from an asset manager. There is no mortgage recorded on it so it was an all cash deal.

[SD Realtor]

AK if you put out the addresses we can check to see if they were all cash or not.

Threadkiller, when you put an offer on the home on Washington it was a short sale. The home was listed for 300k with Realty Headquarters. The home was being processed but it ended up going to foreclosure on 12/18/08. Now I do not see the home ever being relisted on the MLS. Yes it was purchased for 210k.

So yes this indeed could have been a situation where the home was funneled to someone from an unscrupulous agent who got the listing from an asset manager. There is no mortgage recorded on it so it was an all cash deal.

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[SD Realtor]

Hi kcal

I don’t see a huge disparity in the way short sales are financed but if you are coming in with cash most lenders authorizing the short sale will want to see proof of funds. So if you have the cash in your account it doesn’t matter how it got there. Lottery, heloc whatever. After the purchase if you want to refi to pull the money back you can but the rate “may” be a bit higher then a purchase loan. Hls can abswer that. How much you can pull out will depend on the lender

[SD Realtor]

I agree with you jp. We pay the second highest state income tax in the country. Anyone who thinks that the issue is lack of revenue has a severe misunderstanding of how to balance a checkbook. This is a spending problem and until our legislature figures out how to run the state on a budget then the state will indeed continue to suffer.

Raising taxes whether you repeal prop 13 or raise the income tax level yet again is not the answer.

[SD Realtor]

I agree with you jp. We pay the second highest state income tax in the country. Anyone who thinks that the issue is lack of revenue has a severe misunderstanding of how to balance a checkbook. This is a spending problem and until our legislature figures out how to run the state on a budget then the state will indeed continue to suffer.

Raising taxes whether you repeal prop 13 or raise the income tax level yet again is not the answer.

[SD Realtor]

I agree with you jp. We pay the second highest state income tax in the country. Anyone who thinks that the issue is lack of revenue has a severe misunderstanding of how to balance a checkbook. This is a spending problem and until our legislature figures out how to run the state on a budget then the state will indeed continue to suffer.

Raising taxes whether you repeal prop 13 or raise the income tax level yet again is not the answer.

[SD Realtor]

I agree with you jp. We pay the second highest state income tax in the country. Anyone who thinks that the issue is lack of revenue has a severe misunderstanding of how to balance a checkbook. This is a spending problem and until our legislature figures out how to run the state on a budget then the state will indeed continue to suffer.

Raising taxes whether you repeal prop 13 or raise the income tax level yet again is not the answer.

[SD Realtor]

I agree with you jp. We pay the second highest state income tax in the country. Anyone who thinks that the issue is lack of revenue has a severe misunderstanding of how to balance a checkbook. This is a spending problem and until our legislature figures out how to run the state on a budget then the state will indeed continue to suffer.

Raising taxes whether you repeal prop 13 or raise the income tax level yet again is not the answer.

[SD Realtor]

Yes this reconveyed back to the bank in June for 680k.

Strawberryfields you definitely have a better grasp of the market dynamics then those who like to gauge the market from behind a keyboard. I will be curious to see what it goes for as well. I don’t think it will go for 500k 6 months from now or 16 months from now.

[Author]

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