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SD Realtor
ParticipantSo really there is no argument that CV is not going to go down. Unfortunately we more then likely differ on when CV will go down and at what rate it will go down. Many people may make bold predictions and that is okay. I am actively searching for homes for a few people pretty much through the entire 92130 zip code, from as far west as the Heights to as far east as Del Sur.
Now as far as pricing and square footage, the bottom line is this; on the MLS, right now, for detached homes in 92130, there are NO homes at 2500 sf under 839k currently active for sale. Someone may have mentioned they saw 2500 sf homes in the mid 700’s but I don’t see that as of this moment on the MLS. I see a 2408 on African Holly Trail, 2413 on Roselle Meadows Trail, (both of these are at 745k) I see 2350 on Tarantella Lane at 759k and then 2775 sf on Torrey View for 839k. I see Benchley which is 2500 sf for 795k-845k.
I think that those who are seriously shopping for homes, who are making offers for them, who are really intending to buy, these folks are realizing the situation is different then for those who are “keeping thier eyes on the area” via looking at closed sales and such. Once more, it is a case of good deals but not good homes for the ones at the bottom tier pricing.
Will it change for the better? More then likely. Is that change imminent. In my opinion not really imminent but 18-24 months in wall time for real estate is not that long to wait.
SD Realtor
ParticipantSo really there is no argument that CV is not going to go down. Unfortunately we more then likely differ on when CV will go down and at what rate it will go down. Many people may make bold predictions and that is okay. I am actively searching for homes for a few people pretty much through the entire 92130 zip code, from as far west as the Heights to as far east as Del Sur.
Now as far as pricing and square footage, the bottom line is this; on the MLS, right now, for detached homes in 92130, there are NO homes at 2500 sf under 839k currently active for sale. Someone may have mentioned they saw 2500 sf homes in the mid 700’s but I don’t see that as of this moment on the MLS. I see a 2408 on African Holly Trail, 2413 on Roselle Meadows Trail, (both of these are at 745k) I see 2350 on Tarantella Lane at 759k and then 2775 sf on Torrey View for 839k. I see Benchley which is 2500 sf for 795k-845k.
I think that those who are seriously shopping for homes, who are making offers for them, who are really intending to buy, these folks are realizing the situation is different then for those who are “keeping thier eyes on the area” via looking at closed sales and such. Once more, it is a case of good deals but not good homes for the ones at the bottom tier pricing.
Will it change for the better? More then likely. Is that change imminent. In my opinion not really imminent but 18-24 months in wall time for real estate is not that long to wait.
SD Realtor
Participantucsf_med have your agent get a preliminary title report to find out all the liens on the home and who is actually on title at the moment. I would not do anything until I found out who is on title and what order the liens are in. If the private lender somehow got title to the home then he is on the hook to pay off the first and second. Chances are that he doesn’t want to go through the hassle of making payments.
I don’t have time to explain right now but there are middlemen operating out there who insert themselves into the foreclosure process to get money out of the deal. I have heard of this but have not run into it yet. You may indeed be running into that right now but I am not sure.
So first and foremost get the pr done. If this person is indeed the new owner then it should be recorded. I wouldn’t do anything until that is completed.
SD Realtor
Participantucsf_med have your agent get a preliminary title report to find out all the liens on the home and who is actually on title at the moment. I would not do anything until I found out who is on title and what order the liens are in. If the private lender somehow got title to the home then he is on the hook to pay off the first and second. Chances are that he doesn’t want to go through the hassle of making payments.
I don’t have time to explain right now but there are middlemen operating out there who insert themselves into the foreclosure process to get money out of the deal. I have heard of this but have not run into it yet. You may indeed be running into that right now but I am not sure.
So first and foremost get the pr done. If this person is indeed the new owner then it should be recorded. I wouldn’t do anything until that is completed.
SD Realtor
Participantucsf_med have your agent get a preliminary title report to find out all the liens on the home and who is actually on title at the moment. I would not do anything until I found out who is on title and what order the liens are in. If the private lender somehow got title to the home then he is on the hook to pay off the first and second. Chances are that he doesn’t want to go through the hassle of making payments.
I don’t have time to explain right now but there are middlemen operating out there who insert themselves into the foreclosure process to get money out of the deal. I have heard of this but have not run into it yet. You may indeed be running into that right now but I am not sure.
So first and foremost get the pr done. If this person is indeed the new owner then it should be recorded. I wouldn’t do anything until that is completed.
SD Realtor
Participantucsf_med have your agent get a preliminary title report to find out all the liens on the home and who is actually on title at the moment. I would not do anything until I found out who is on title and what order the liens are in. If the private lender somehow got title to the home then he is on the hook to pay off the first and second. Chances are that he doesn’t want to go through the hassle of making payments.
I don’t have time to explain right now but there are middlemen operating out there who insert themselves into the foreclosure process to get money out of the deal. I have heard of this but have not run into it yet. You may indeed be running into that right now but I am not sure.
So first and foremost get the pr done. If this person is indeed the new owner then it should be recorded. I wouldn’t do anything until that is completed.
SD Realtor
Participantucsf_med have your agent get a preliminary title report to find out all the liens on the home and who is actually on title at the moment. I would not do anything until I found out who is on title and what order the liens are in. If the private lender somehow got title to the home then he is on the hook to pay off the first and second. Chances are that he doesn’t want to go through the hassle of making payments.
I don’t have time to explain right now but there are middlemen operating out there who insert themselves into the foreclosure process to get money out of the deal. I have heard of this but have not run into it yet. You may indeed be running into that right now but I am not sure.
So first and foremost get the pr done. If this person is indeed the new owner then it should be recorded. I wouldn’t do anything until that is completed.
SD Realtor
ParticipantAll of the mortgages in San Diego, actually Ca are trust deeds. A trust sale indeed could be that a property was held in a trust and the hiers to the trust are now selling the property as the people who lived in it have passed away. Note that a trust is an excellent way to avoid probate.
Don’t confuse a trust sale with the auction that is held on the courthouse steps commonly referred to as a trustee sale.
SD Realtor
ParticipantAll of the mortgages in San Diego, actually Ca are trust deeds. A trust sale indeed could be that a property was held in a trust and the hiers to the trust are now selling the property as the people who lived in it have passed away. Note that a trust is an excellent way to avoid probate.
Don’t confuse a trust sale with the auction that is held on the courthouse steps commonly referred to as a trustee sale.
SD Realtor
ParticipantAll of the mortgages in San Diego, actually Ca are trust deeds. A trust sale indeed could be that a property was held in a trust and the hiers to the trust are now selling the property as the people who lived in it have passed away. Note that a trust is an excellent way to avoid probate.
Don’t confuse a trust sale with the auction that is held on the courthouse steps commonly referred to as a trustee sale.
SD Realtor
ParticipantAll of the mortgages in San Diego, actually Ca are trust deeds. A trust sale indeed could be that a property was held in a trust and the hiers to the trust are now selling the property as the people who lived in it have passed away. Note that a trust is an excellent way to avoid probate.
Don’t confuse a trust sale with the auction that is held on the courthouse steps commonly referred to as a trustee sale.
SD Realtor
ParticipantAll of the mortgages in San Diego, actually Ca are trust deeds. A trust sale indeed could be that a property was held in a trust and the hiers to the trust are now selling the property as the people who lived in it have passed away. Note that a trust is an excellent way to avoid probate.
Don’t confuse a trust sale with the auction that is held on the courthouse steps commonly referred to as a trustee sale.
SD Realtor
ParticipantEx-SD I know I did the same thing. I guess it just intrigues me that a post about a realtor handing out flyers in a bank, or a realtor who is lame can garnish full pages of responses but the fact that our own government is acting is such a hopeless manner doesn’t seem to stir the juices so to speak.
SD Realtor
ParticipantEx-SD I know I did the same thing. I guess it just intrigues me that a post about a realtor handing out flyers in a bank, or a realtor who is lame can garnish full pages of responses but the fact that our own government is acting is such a hopeless manner doesn’t seem to stir the juices so to speak.
SD Realtor
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