[temeculaguy]

That article was straight from the press release, I’m willing to bet there is more to the story. A quick search revealed one that is a little more in depth.

http://www.sun-sentinel.com/news/custom/fringe/sns-ap-foreclosure-suicide,0,428261.story?track=rss

Turns out she hadn’t paid the mortgage in 42 months, and intercepted/shredded all the notices from the bank, the husband never knew. So where did 42 mortgage payments go? We can speculate but in a few days the rest may come out or it may never be revealed to the public because we don’t need to know. It made news because of the timing and because it is being blamed on foreclosure, I’m guessing that there was another underlying reason that could no longer be concealed.

[temeculaguy]

That article was straight from the press release, I’m willing to bet there is more to the story. A quick search revealed one that is a little more in depth.

http://www.sun-sentinel.com/news/custom/fringe/sns-ap-foreclosure-suicide,0,428261.story?track=rss

Turns out she hadn’t paid the mortgage in 42 months, and intercepted/shredded all the notices from the bank, the husband never knew. So where did 42 mortgage payments go? We can speculate but in a few days the rest may come out or it may never be revealed to the public because we don’t need to know. It made news because of the timing and because it is being blamed on foreclosure, I’m guessing that there was another underlying reason that could no longer be concealed.

[temeculaguy]

That article was straight from the press release, I’m willing to bet there is more to the story. A quick search revealed one that is a little more in depth.

http://www.sun-sentinel.com/news/custom/fringe/sns-ap-foreclosure-suicide,0,428261.story?track=rss

Turns out she hadn’t paid the mortgage in 42 months, and intercepted/shredded all the notices from the bank, the husband never knew. So where did 42 mortgage payments go? We can speculate but in a few days the rest may come out or it may never be revealed to the public because we don’t need to know. It made news because of the timing and because it is being blamed on foreclosure, I’m guessing that there was another underlying reason that could no longer be concealed.

[temeculaguy]

That article was straight from the press release, I’m willing to bet there is more to the story. A quick search revealed one that is a little more in depth.

http://www.sun-sentinel.com/news/custom/fringe/sns-ap-foreclosure-suicide,0,428261.story?track=rss

Turns out she hadn’t paid the mortgage in 42 months, and intercepted/shredded all the notices from the bank, the husband never knew. So where did 42 mortgage payments go? We can speculate but in a few days the rest may come out or it may never be revealed to the public because we don’t need to know. It made news because of the timing and because it is being blamed on foreclosure, I’m guessing that there was another underlying reason that could no longer be concealed.

[temeculaguy]

Ren, I think that was the repo amount, not the winning bid, I talked to a realtor from that office and the current high offer hasn’t closed yet, plus there are 17 back ups. That 303 price and date are before it was listed, and it’s only the second recording, the first being when it was built in 2003, so that is more than likely the sale back to the bank (not including helocs).

I’ll bet at least one offer was for list, if not over.

I’m not even hoping for these at 250k, if they would just come up with regularity at 300k and stay long enough for me to look at them and mull it over, then be the only bidder, I’d be happy. In the last two months at least ten have come up and down before the weekend and I don’t get a chance to see them during the daylight hours, let alone be in a position to negotiate.

[temeculaguy]

Ren, I think that was the repo amount, not the winning bid, I talked to a realtor from that office and the current high offer hasn’t closed yet, plus there are 17 back ups. That 303 price and date are before it was listed, and it’s only the second recording, the first being when it was built in 2003, so that is more than likely the sale back to the bank (not including helocs).

I’ll bet at least one offer was for list, if not over.

I’m not even hoping for these at 250k, if they would just come up with regularity at 300k and stay long enough for me to look at them and mull it over, then be the only bidder, I’d be happy. In the last two months at least ten have come up and down before the weekend and I don’t get a chance to see them during the daylight hours, let alone be in a position to negotiate.

[temeculaguy]

Ren, I think that was the repo amount, not the winning bid, I talked to a realtor from that office and the current high offer hasn’t closed yet, plus there are 17 back ups. That 303 price and date are before it was listed, and it’s only the second recording, the first being when it was built in 2003, so that is more than likely the sale back to the bank (not including helocs).

I’ll bet at least one offer was for list, if not over.

I’m not even hoping for these at 250k, if they would just come up with regularity at 300k and stay long enough for me to look at them and mull it over, then be the only bidder, I’d be happy. In the last two months at least ten have come up and down before the weekend and I don’t get a chance to see them during the daylight hours, let alone be in a position to negotiate.

[temeculaguy]

Ren, I think that was the repo amount, not the winning bid, I talked to a realtor from that office and the current high offer hasn’t closed yet, plus there are 17 back ups. That 303 price and date are before it was listed, and it’s only the second recording, the first being when it was built in 2003, so that is more than likely the sale back to the bank (not including helocs).

I’ll bet at least one offer was for list, if not over.

I’m not even hoping for these at 250k, if they would just come up with regularity at 300k and stay long enough for me to look at them and mull it over, then be the only bidder, I’d be happy. In the last two months at least ten have come up and down before the weekend and I don’t get a chance to see them during the daylight hours, let alone be in a position to negotiate.

[temeculaguy]

Ren, I think that was the repo amount, not the winning bid, I talked to a realtor from that office and the current high offer hasn’t closed yet, plus there are 17 back ups. That 303 price and date are before it was listed, and it’s only the second recording, the first being when it was built in 2003, so that is more than likely the sale back to the bank (not including helocs).

I’ll bet at least one offer was for list, if not over.

I’m not even hoping for these at 250k, if they would just come up with regularity at 300k and stay long enough for me to look at them and mull it over, then be the only bidder, I’d be happy. In the last two months at least ten have come up and down before the weekend and I don’t get a chance to see them during the daylight hours, let alone be in a position to negotiate.

[temeculaguy]

Aecetia- at these prices they are catching butterknives

esmith, good point-I’m hoping to see the trend change in 30 days

Bugs-correct as always, yes it has moved past trigger points but I was getting used to moving the goalposts, I moved them one last time and was hoping to reach that goal by years end.

sduude, it is the slow speed that is killing me, it’s been fast enough to keep me occupied until recently.

Former, actually it is about 50% off peak and below 2003 pricing, almost 2001/2002 so I don’t blame them, it is below construction costs, doesn’t mean I need to like them.

Ren, I will beat you like a rented mule if you steal a house from me on the course in the Fairways listed for 250k and you bid 260k, while I bid 250K, you don’t have enough band-aids in your house for that. I’m just kidding, unfortunately there are more than you and I looking for that, that is exactly what happened with the 18 bids, however it was for 314k list. I have to think there were 17 people who got outbid and there won’t be much more than 17 prime lots repo’d in the Fairways during this downturn so it’s going to be a tough battle to get the best properties.

[temeculaguy]

Aecetia- at these prices they are catching butterknives

esmith, good point-I’m hoping to see the trend change in 30 days

Bugs-correct as always, yes it has moved past trigger points but I was getting used to moving the goalposts, I moved them one last time and was hoping to reach that goal by years end.

sduude, it is the slow speed that is killing me, it’s been fast enough to keep me occupied until recently.

Former, actually it is about 50% off peak and below 2003 pricing, almost 2001/2002 so I don’t blame them, it is below construction costs, doesn’t mean I need to like them.

Ren, I will beat you like a rented mule if you steal a house from me on the course in the Fairways listed for 250k and you bid 260k, while I bid 250K, you don’t have enough band-aids in your house for that. I’m just kidding, unfortunately there are more than you and I looking for that, that is exactly what happened with the 18 bids, however it was for 314k list. I have to think there were 17 people who got outbid and there won’t be much more than 17 prime lots repo’d in the Fairways during this downturn so it’s going to be a tough battle to get the best properties.

[temeculaguy]

Aecetia- at these prices they are catching butterknives

esmith, good point-I’m hoping to see the trend change in 30 days

Bugs-correct as always, yes it has moved past trigger points but I was getting used to moving the goalposts, I moved them one last time and was hoping to reach that goal by years end.

sduude, it is the slow speed that is killing me, it’s been fast enough to keep me occupied until recently.

Former, actually it is about 50% off peak and below 2003 pricing, almost 2001/2002 so I don’t blame them, it is below construction costs, doesn’t mean I need to like them.

Ren, I will beat you like a rented mule if you steal a house from me on the course in the Fairways listed for 250k and you bid 260k, while I bid 250K, you don’t have enough band-aids in your house for that. I’m just kidding, unfortunately there are more than you and I looking for that, that is exactly what happened with the 18 bids, however it was for 314k list. I have to think there were 17 people who got outbid and there won’t be much more than 17 prime lots repo’d in the Fairways during this downturn so it’s going to be a tough battle to get the best properties.

[temeculaguy]

Aecetia- at these prices they are catching butterknives

esmith, good point-I’m hoping to see the trend change in 30 days

Bugs-correct as always, yes it has moved past trigger points but I was getting used to moving the goalposts, I moved them one last time and was hoping to reach that goal by years end.

sduude, it is the slow speed that is killing me, it’s been fast enough to keep me occupied until recently.

Former, actually it is about 50% off peak and below 2003 pricing, almost 2001/2002 so I don’t blame them, it is below construction costs, doesn’t mean I need to like them.

Ren, I will beat you like a rented mule if you steal a house from me on the course in the Fairways listed for 250k and you bid 260k, while I bid 250K, you don’t have enough band-aids in your house for that. I’m just kidding, unfortunately there are more than you and I looking for that, that is exactly what happened with the 18 bids, however it was for 314k list. I have to think there were 17 people who got outbid and there won’t be much more than 17 prime lots repo’d in the Fairways during this downturn so it’s going to be a tough battle to get the best properties.

[temeculaguy]

Aecetia- at these prices they are catching butterknives

esmith, good point-I’m hoping to see the trend change in 30 days

Bugs-correct as always, yes it has moved past trigger points but I was getting used to moving the goalposts, I moved them one last time and was hoping to reach that goal by years end.

sduude, it is the slow speed that is killing me, it’s been fast enough to keep me occupied until recently.

Former, actually it is about 50% off peak and below 2003 pricing, almost 2001/2002 so I don’t blame them, it is below construction costs, doesn’t mean I need to like them.

Ren, I will beat you like a rented mule if you steal a house from me on the course in the Fairways listed for 250k and you bid 260k, while I bid 250K, you don’t have enough band-aids in your house for that. I’m just kidding, unfortunately there are more than you and I looking for that, that is exactly what happened with the 18 bids, however it was for 314k list. I have to think there were 17 people who got outbid and there won’t be much more than 17 prime lots repo’d in the Fairways during this downturn so it’s going to be a tough battle to get the best properties.

[temeculaguy]

Allan, the Chargers 1st pick was Cason and yes he’s still a hold out, hopefully he’ll sign before Friday, I plan on watching camp next week one day, Gates is still not at full strength, so there are still ??? They did sign a player with the last name of Hester as their second choice, even if he’s not related to Devin Hester, just the name will scare defenses. All three franchise players are coming off surgery and Michael Turner is gone but Norv Turner is not (they lost the wrong Turner), let’s not start licking each other’s popsicles just yet, they still have something to prove.

SDuude and Cash, I know that it is coming and Morgan has popped below 300k but nothing lasts until I have a day off work to look at it. The one I liked referenced above was $91 a sq and move in ready, completely dialed in, even if I had taken half a day off work and bought it in an hour, it was gone. Totally bummed me out, it’s like trying to buy a wii or an iphone for christ’s sake. It’s a house in Temecula, nobody is supposed to want them, right?

I listen and read and even though I don’t buy gas and I like it here, I hear all these piggies talk as if the exurbs will implode, there are no high paying jobs, people will move to the city, it’s too hot, dirtbags will come, etc. etc. I just think, bring it on!!! Scare off the buyers, sounds perfect. Maybe I’ll be the only guy with cash and credit, economy is going to hell, rates are rising, blah, blah, blah. So where in the F%$# are all these people with money coming from, are they bussing them in? I was here first, go back to where you came from and leave me alone.

Off my soapbox, I appreciate the support, I know just a few more months and things will shift, I just had hoped it would have shifted by now and the longer it lasts, the more doubt I have. Hopefully rates will break 7% and clear all the competition out. I just wish these people would stop buying the realtor spin about being a great time to buy, you know when it is a great time to buy? Right after I buy, that’s when.

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