[temeculaguy]

I agree with sd, the raw data from websites is a mess. One big problem is they all count repos back to the bank as a sale, that isn’t a true market indicator and it can be a large chunk of the sales. Either get a realtor or study your area and make frequent visits, I found drinking with realtors and picking up the tab dislodged some info but each sale has a story. Some unusually low ones were inside rigged sales or the place was destroyed inside. redfin runs a few weeks behind but you get into the neighborhood pages by zip code and just pick the tab for recent sales, or have them mapped. Zillow blows, I don’t even check it anymore, redfin imports zillow’s only good info anyway. Your best bet is to visit every open house by driving the area on weekends, peeking through the windows on all listed vacants, talking to neighbors and talking to realtors, mix it altogether and you get an idea.

Once you get a good feel for the comps it helps you weed out uninformed realtors, it gives you ammunition to question them on it and if you see that they only show the three highest comps they are snowing you, only the three lowest, same deal. The best are those who will say “this one sold for x, but it was thrashed and had mold issues, this one sold for x but it had 100k in backyard landscaping” if you ended up telling them that info and you get the deer in headlights look, lose their business card.

[temeculaguy]

I agree with sd, the raw data from websites is a mess. One big problem is they all count repos back to the bank as a sale, that isn’t a true market indicator and it can be a large chunk of the sales. Either get a realtor or study your area and make frequent visits, I found drinking with realtors and picking up the tab dislodged some info but each sale has a story. Some unusually low ones were inside rigged sales or the place was destroyed inside. redfin runs a few weeks behind but you get into the neighborhood pages by zip code and just pick the tab for recent sales, or have them mapped. Zillow blows, I don’t even check it anymore, redfin imports zillow’s only good info anyway. Your best bet is to visit every open house by driving the area on weekends, peeking through the windows on all listed vacants, talking to neighbors and talking to realtors, mix it altogether and you get an idea.

Once you get a good feel for the comps it helps you weed out uninformed realtors, it gives you ammunition to question them on it and if you see that they only show the three highest comps they are snowing you, only the three lowest, same deal. The best are those who will say “this one sold for x, but it was thrashed and had mold issues, this one sold for x but it had 100k in backyard landscaping” if you ended up telling them that info and you get the deer in headlights look, lose their business card.

[temeculaguy]

I agree with sd, the raw data from websites is a mess. One big problem is they all count repos back to the bank as a sale, that isn’t a true market indicator and it can be a large chunk of the sales. Either get a realtor or study your area and make frequent visits, I found drinking with realtors and picking up the tab dislodged some info but each sale has a story. Some unusually low ones were inside rigged sales or the place was destroyed inside. redfin runs a few weeks behind but you get into the neighborhood pages by zip code and just pick the tab for recent sales, or have them mapped. Zillow blows, I don’t even check it anymore, redfin imports zillow’s only good info anyway. Your best bet is to visit every open house by driving the area on weekends, peeking through the windows on all listed vacants, talking to neighbors and talking to realtors, mix it altogether and you get an idea.

Once you get a good feel for the comps it helps you weed out uninformed realtors, it gives you ammunition to question them on it and if you see that they only show the three highest comps they are snowing you, only the three lowest, same deal. The best are those who will say “this one sold for x, but it was thrashed and had mold issues, this one sold for x but it had 100k in backyard landscaping” if you ended up telling them that info and you get the deer in headlights look, lose their business card.

[temeculaguy]

I agree with sd, the raw data from websites is a mess. One big problem is they all count repos back to the bank as a sale, that isn’t a true market indicator and it can be a large chunk of the sales. Either get a realtor or study your area and make frequent visits, I found drinking with realtors and picking up the tab dislodged some info but each sale has a story. Some unusually low ones were inside rigged sales or the place was destroyed inside. redfin runs a few weeks behind but you get into the neighborhood pages by zip code and just pick the tab for recent sales, or have them mapped. Zillow blows, I don’t even check it anymore, redfin imports zillow’s only good info anyway. Your best bet is to visit every open house by driving the area on weekends, peeking through the windows on all listed vacants, talking to neighbors and talking to realtors, mix it altogether and you get an idea.

Once you get a good feel for the comps it helps you weed out uninformed realtors, it gives you ammunition to question them on it and if you see that they only show the three highest comps they are snowing you, only the three lowest, same deal. The best are those who will say “this one sold for x, but it was thrashed and had mold issues, this one sold for x but it had 100k in backyard landscaping” if you ended up telling them that info and you get the deer in headlights look, lose their business card.

[temeculaguy]

ethics aside, stargirl had some questions, so here are the basic broad brush answers.

A short sale is when you sell for less than you owe and the bank agrees to take less in order to avoid foreclosure. They do this because it takes a year to foreclose and the occupant strips the place so it is worth more with the occupant’s cooperation. The rub is that all the lenders have to agree and the second mortgages get close to wiped out so they don’t always agree, shorts don’t always work, maybe half the time because anyone can list, but it takes an offer from a buyer before you can ask for permission. It’s like taking your sleeping bag and pillow to your friend’s house and asking your parents if you can spend the night at about midnight. it’s a crap shoot.

Also, yes, people took out more money than their house is currently worth and more than they can afford to pay back, that’s the bank’s fault as much as the borrower, they drank the appreciation kool aid as much as anyone.

Before you figure out a scheme, that ship has sailed, too late, and I’d be willing to wager a bar tab that your friend didn’t pocket the 522k, he/she probably pissed it away. That is what is really hurting the economy right now, nobody is pissing away free money anymore, nor will they be anytime soon.

As far as when foreclosure will happen, you need to do more research, when the NOD (notice of default) was filed can give you an idea. That takes place after about three missed payments. The NOT (notice of trustees sale) is a couple months after that, and that is what is deem a foreclosure, another month and it’s on the streets. Run a search on local newspapers classified legal section, the NOT has to be publicly posted or go to foreclosure.com and sort data by name of defendant. County sites or in person locations during a grantee search can give you both NOD and NOT info, riverside county has it online, I think Sd does as well but not sure.

Have fun peeking under the hood.

[temeculaguy]

ethics aside, stargirl had some questions, so here are the basic broad brush answers.

A short sale is when you sell for less than you owe and the bank agrees to take less in order to avoid foreclosure. They do this because it takes a year to foreclose and the occupant strips the place so it is worth more with the occupant’s cooperation. The rub is that all the lenders have to agree and the second mortgages get close to wiped out so they don’t always agree, shorts don’t always work, maybe half the time because anyone can list, but it takes an offer from a buyer before you can ask for permission. It’s like taking your sleeping bag and pillow to your friend’s house and asking your parents if you can spend the night at about midnight. it’s a crap shoot.

Also, yes, people took out more money than their house is currently worth and more than they can afford to pay back, that’s the bank’s fault as much as the borrower, they drank the appreciation kool aid as much as anyone.

Before you figure out a scheme, that ship has sailed, too late, and I’d be willing to wager a bar tab that your friend didn’t pocket the 522k, he/she probably pissed it away. That is what is really hurting the economy right now, nobody is pissing away free money anymore, nor will they be anytime soon.

As far as when foreclosure will happen, you need to do more research, when the NOD (notice of default) was filed can give you an idea. That takes place after about three missed payments. The NOT (notice of trustees sale) is a couple months after that, and that is what is deem a foreclosure, another month and it’s on the streets. Run a search on local newspapers classified legal section, the NOT has to be publicly posted or go to foreclosure.com and sort data by name of defendant. County sites or in person locations during a grantee search can give you both NOD and NOT info, riverside county has it online, I think Sd does as well but not sure.

Have fun peeking under the hood.

[temeculaguy]

ethics aside, stargirl had some questions, so here are the basic broad brush answers.

A short sale is when you sell for less than you owe and the bank agrees to take less in order to avoid foreclosure. They do this because it takes a year to foreclose and the occupant strips the place so it is worth more with the occupant’s cooperation. The rub is that all the lenders have to agree and the second mortgages get close to wiped out so they don’t always agree, shorts don’t always work, maybe half the time because anyone can list, but it takes an offer from a buyer before you can ask for permission. It’s like taking your sleeping bag and pillow to your friend’s house and asking your parents if you can spend the night at about midnight. it’s a crap shoot.

Also, yes, people took out more money than their house is currently worth and more than they can afford to pay back, that’s the bank’s fault as much as the borrower, they drank the appreciation kool aid as much as anyone.

Before you figure out a scheme, that ship has sailed, too late, and I’d be willing to wager a bar tab that your friend didn’t pocket the 522k, he/she probably pissed it away. That is what is really hurting the economy right now, nobody is pissing away free money anymore, nor will they be anytime soon.

As far as when foreclosure will happen, you need to do more research, when the NOD (notice of default) was filed can give you an idea. That takes place after about three missed payments. The NOT (notice of trustees sale) is a couple months after that, and that is what is deem a foreclosure, another month and it’s on the streets. Run a search on local newspapers classified legal section, the NOT has to be publicly posted or go to foreclosure.com and sort data by name of defendant. County sites or in person locations during a grantee search can give you both NOD and NOT info, riverside county has it online, I think Sd does as well but not sure.

Have fun peeking under the hood.

[temeculaguy]

ethics aside, stargirl had some questions, so here are the basic broad brush answers.

A short sale is when you sell for less than you owe and the bank agrees to take less in order to avoid foreclosure. They do this because it takes a year to foreclose and the occupant strips the place so it is worth more with the occupant’s cooperation. The rub is that all the lenders have to agree and the second mortgages get close to wiped out so they don’t always agree, shorts don’t always work, maybe half the time because anyone can list, but it takes an offer from a buyer before you can ask for permission. It’s like taking your sleeping bag and pillow to your friend’s house and asking your parents if you can spend the night at about midnight. it’s a crap shoot.

Also, yes, people took out more money than their house is currently worth and more than they can afford to pay back, that’s the bank’s fault as much as the borrower, they drank the appreciation kool aid as much as anyone.

Before you figure out a scheme, that ship has sailed, too late, and I’d be willing to wager a bar tab that your friend didn’t pocket the 522k, he/she probably pissed it away. That is what is really hurting the economy right now, nobody is pissing away free money anymore, nor will they be anytime soon.

As far as when foreclosure will happen, you need to do more research, when the NOD (notice of default) was filed can give you an idea. That takes place after about three missed payments. The NOT (notice of trustees sale) is a couple months after that, and that is what is deem a foreclosure, another month and it’s on the streets. Run a search on local newspapers classified legal section, the NOT has to be publicly posted or go to foreclosure.com and sort data by name of defendant. County sites or in person locations during a grantee search can give you both NOD and NOT info, riverside county has it online, I think Sd does as well but not sure.

Have fun peeking under the hood.

[temeculaguy]

ethics aside, stargirl had some questions, so here are the basic broad brush answers.

A short sale is when you sell for less than you owe and the bank agrees to take less in order to avoid foreclosure. They do this because it takes a year to foreclose and the occupant strips the place so it is worth more with the occupant’s cooperation. The rub is that all the lenders have to agree and the second mortgages get close to wiped out so they don’t always agree, shorts don’t always work, maybe half the time because anyone can list, but it takes an offer from a buyer before you can ask for permission. It’s like taking your sleeping bag and pillow to your friend’s house and asking your parents if you can spend the night at about midnight. it’s a crap shoot.

Also, yes, people took out more money than their house is currently worth and more than they can afford to pay back, that’s the bank’s fault as much as the borrower, they drank the appreciation kool aid as much as anyone.

Before you figure out a scheme, that ship has sailed, too late, and I’d be willing to wager a bar tab that your friend didn’t pocket the 522k, he/she probably pissed it away. That is what is really hurting the economy right now, nobody is pissing away free money anymore, nor will they be anytime soon.

As far as when foreclosure will happen, you need to do more research, when the NOD (notice of default) was filed can give you an idea. That takes place after about three missed payments. The NOT (notice of trustees sale) is a couple months after that, and that is what is deem a foreclosure, another month and it’s on the streets. Run a search on local newspapers classified legal section, the NOT has to be publicly posted or go to foreclosure.com and sort data by name of defendant. County sites or in person locations during a grantee search can give you both NOD and NOT info, riverside county has it online, I think Sd does as well but not sure.

Have fun peeking under the hood.

[temeculaguy]

thanks urban, I try, but it is just a mere hobby, if you only knew what the caped crusader did for a living you wouldn’t say that, I’d do my day job for free if I had to. maybe i’ll dabble in ten years or so, after I retire from my current endeavor. The other reason I would probably never take real estate on as a career is that I’m smart enough to know that I don’t know. Research and analysis is not sales.

Aecitia, I hope all is well, thanks for the confidence vote, as always.

The reality is that the posters and the viewers here are people all about self empowerment, I’ve taken more than I have given and I am eternally grateful for all the free advice I’ve been given. My opinions are a mere reflection of this blog and some data mining. Posters like Rich, Bugs, HLS, Bearvine, esmith, OC, the two sd’s, rustico, perry and many, many others made me the monster that I am, so I just pay it forward. In my post detailing my purchase I underestimated the sq ft and overestimated the price for privacy sake, I actually paid just over $80 a square foot in excellent condition with a view, two years ago I almost paid $200 a sqaure and didn’t know what a price to rent multiplier ratio was. I don’t even remember how i found this site back then. If my opinions help anyone, the thanks goes to my tutors.

The countdown to my next level of self empowerment has started, Installing my own wood floors will have to replace milf hunting and house shopping.

[temeculaguy]

thanks urban, I try, but it is just a mere hobby, if you only knew what the caped crusader did for a living you wouldn’t say that, I’d do my day job for free if I had to. maybe i’ll dabble in ten years or so, after I retire from my current endeavor. The other reason I would probably never take real estate on as a career is that I’m smart enough to know that I don’t know. Research and analysis is not sales.

Aecitia, I hope all is well, thanks for the confidence vote, as always.

The reality is that the posters and the viewers here are people all about self empowerment, I’ve taken more than I have given and I am eternally grateful for all the free advice I’ve been given. My opinions are a mere reflection of this blog and some data mining. Posters like Rich, Bugs, HLS, Bearvine, esmith, OC, the two sd’s, rustico, perry and many, many others made me the monster that I am, so I just pay it forward. In my post detailing my purchase I underestimated the sq ft and overestimated the price for privacy sake, I actually paid just over $80 a square foot in excellent condition with a view, two years ago I almost paid $200 a sqaure and didn’t know what a price to rent multiplier ratio was. I don’t even remember how i found this site back then. If my opinions help anyone, the thanks goes to my tutors.

The countdown to my next level of self empowerment has started, Installing my own wood floors will have to replace milf hunting and house shopping.

[temeculaguy]

thanks urban, I try, but it is just a mere hobby, if you only knew what the caped crusader did for a living you wouldn’t say that, I’d do my day job for free if I had to. maybe i’ll dabble in ten years or so, after I retire from my current endeavor. The other reason I would probably never take real estate on as a career is that I’m smart enough to know that I don’t know. Research and analysis is not sales.

Aecitia, I hope all is well, thanks for the confidence vote, as always.

The reality is that the posters and the viewers here are people all about self empowerment, I’ve taken more than I have given and I am eternally grateful for all the free advice I’ve been given. My opinions are a mere reflection of this blog and some data mining. Posters like Rich, Bugs, HLS, Bearvine, esmith, OC, the two sd’s, rustico, perry and many, many others made me the monster that I am, so I just pay it forward. In my post detailing my purchase I underestimated the sq ft and overestimated the price for privacy sake, I actually paid just over $80 a square foot in excellent condition with a view, two years ago I almost paid $200 a sqaure and didn’t know what a price to rent multiplier ratio was. I don’t even remember how i found this site back then. If my opinions help anyone, the thanks goes to my tutors.

The countdown to my next level of self empowerment has started, Installing my own wood floors will have to replace milf hunting and house shopping.

[temeculaguy]

thanks urban, I try, but it is just a mere hobby, if you only knew what the caped crusader did for a living you wouldn’t say that, I’d do my day job for free if I had to. maybe i’ll dabble in ten years or so, after I retire from my current endeavor. The other reason I would probably never take real estate on as a career is that I’m smart enough to know that I don’t know. Research and analysis is not sales.

Aecitia, I hope all is well, thanks for the confidence vote, as always.

The reality is that the posters and the viewers here are people all about self empowerment, I’ve taken more than I have given and I am eternally grateful for all the free advice I’ve been given. My opinions are a mere reflection of this blog and some data mining. Posters like Rich, Bugs, HLS, Bearvine, esmith, OC, the two sd’s, rustico, perry and many, many others made me the monster that I am, so I just pay it forward. In my post detailing my purchase I underestimated the sq ft and overestimated the price for privacy sake, I actually paid just over $80 a square foot in excellent condition with a view, two years ago I almost paid $200 a sqaure and didn’t know what a price to rent multiplier ratio was. I don’t even remember how i found this site back then. If my opinions help anyone, the thanks goes to my tutors.

The countdown to my next level of self empowerment has started, Installing my own wood floors will have to replace milf hunting and house shopping.

[temeculaguy]

thanks urban, I try, but it is just a mere hobby, if you only knew what the caped crusader did for a living you wouldn’t say that, I’d do my day job for free if I had to. maybe i’ll dabble in ten years or so, after I retire from my current endeavor. The other reason I would probably never take real estate on as a career is that I’m smart enough to know that I don’t know. Research and analysis is not sales.

Aecitia, I hope all is well, thanks for the confidence vote, as always.

The reality is that the posters and the viewers here are people all about self empowerment, I’ve taken more than I have given and I am eternally grateful for all the free advice I’ve been given. My opinions are a mere reflection of this blog and some data mining. Posters like Rich, Bugs, HLS, Bearvine, esmith, OC, the two sd’s, rustico, perry and many, many others made me the monster that I am, so I just pay it forward. In my post detailing my purchase I underestimated the sq ft and overestimated the price for privacy sake, I actually paid just over $80 a square foot in excellent condition with a view, two years ago I almost paid $200 a sqaure and didn’t know what a price to rent multiplier ratio was. I don’t even remember how i found this site back then. If my opinions help anyone, the thanks goes to my tutors.

The countdown to my next level of self empowerment has started, Installing my own wood floors will have to replace milf hunting and house shopping.

[temeculaguy]

The oral sex reference is the third rail, stay away from trying to start a panic there.

The car seat mania is just another “people for a perfect world” getting out of control. The 4 (years old) or 40 (lbs) was sufficient, but there were a few exceptions so they made it both (a 40lb 18 month old still needs a seat). At about 3 the bones harden and the skull is more stable, at about 40 lbs, most kids are big enough to fit properly in the vehicle mounted belts, but if they are built like a bowling ball, then it doesn’t work. The vehicle has a lot to do with it, some have adjustable anchors so it can be lowered where the lap belt starts, the trick is not let the belt come accross the neck of the child, so if they are too short, they need a booster to position them into the belt, but on better or newer cars the belt can be positioned correctly and it is better than being in a booster with a static anchor. The problem is that the poor and the uneducated do most of the breeding so most kids ride in crappy cars and have parents that have limited reading skills for the complicated seat instructions. Nor will they pp into the local police station to have a technician check their seat installation.

A few years ago there were checkpoints in the barrios where the cops pulled over everyone with a carseat and had a technician install the seat properly, show the driver how to do it and give free seats to people using old, broken seats. The problem is that there was special interest outcry because they ended up towing so many of the cars which were unregistered or driven by unlicensed drivers. The probable cause was questionable yet they cannot let unlicsensed or uninsured drivers just drive off because they accept liability if that person hits someone down the road. Since the courts don’t like the unfair catching of people breaking the law, their answer is more laws and more laws, in the end, the only people that will understand it and follow it, don’t even need it and the target audience will be ignored. But the elected officials will feel good about themselves and the car seat industry will buy them trips to vegas and hookers, which is really what our legislature is for.

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