[temeculaguy]

I have a live version of “Happy Boy” on my ipod.

[temeculaguy]

waiting, you can use redfin, they seem to have more historical info than zillow because I think they draw info from zillow and merge with other sources. If the property is not for sale right now you have to punch in the address rather than find it on a map like you can with listings. Redfin won’t tell you if it was a repo sale. Here’s the prop you looked for:

http://www.redfin.com/stingray/do/printable-property?external_id=6791339

As you can see there isn’t much in the way of historical info because it is a new property and redfin doesn’t have the tax info which is rare, usually they do even on new properties but if there was a sale during a given year it will goof up the taxes.

Rustico, all of the info anyone needs is public record, San Diego will probably digitize it’s public records soon if it hasn’t already. Riverside County has and you can run anyone’s name and see the public records from the comfort of your home, including nods, nots, refi’s, helocs, liens, etc. You can’t see the actual doccument or amount of the loan unless you pay a small fee per doccument($1-$3 usually) because the county contracted the digitizing out to a private company and that is how they pay for their work. At some point all of the counties will digitize it and you will no longer have to go to a county facility to look up the public records. But that is what they are, public records, they belong to the public and are available to the public. Zillow and others merely organize some basic info that they cull from public records, but more specific info is available. If you are worried about betraying someone’s privacy direct them to the public records, 1600 Pacific Coast Highway, the County Admistration building, where they can look at it all, as is their right as a taxpayer and their duty if they are a buyer.

[temeculaguy]

waiting, you can use redfin, they seem to have more historical info than zillow because I think they draw info from zillow and merge with other sources. If the property is not for sale right now you have to punch in the address rather than find it on a map like you can with listings. Redfin won’t tell you if it was a repo sale. Here’s the prop you looked for:

http://www.redfin.com/stingray/do/printable-property?external_id=6791339

As you can see there isn’t much in the way of historical info because it is a new property and redfin doesn’t have the tax info which is rare, usually they do even on new properties but if there was a sale during a given year it will goof up the taxes.

Rustico, all of the info anyone needs is public record, San Diego will probably digitize it’s public records soon if it hasn’t already. Riverside County has and you can run anyone’s name and see the public records from the comfort of your home, including nods, nots, refi’s, helocs, liens, etc. You can’t see the actual doccument or amount of the loan unless you pay a small fee per doccument($1-$3 usually) because the county contracted the digitizing out to a private company and that is how they pay for their work. At some point all of the counties will digitize it and you will no longer have to go to a county facility to look up the public records. But that is what they are, public records, they belong to the public and are available to the public. Zillow and others merely organize some basic info that they cull from public records, but more specific info is available. If you are worried about betraying someone’s privacy direct them to the public records, 1600 Pacific Coast Highway, the County Admistration building, where they can look at it all, as is their right as a taxpayer and their duty if they are a buyer.

[temeculaguy]

I remember when the the only price club (now costco for any new arrivals) in the world was off the 5 on Morena blvd. When Rubios opened and when it added it’s second location at SDSU that actually had indoor seating. I remember having to drive to Mission Viejo, avery parkway exit to get to the closest in-n-out burger, it was a rule at my fraternity house that when anyone drove south on the 5 through Mission Viejo it was common courtesy to call the house payphone from the in-n-out payphone and take orders, even an hour old they were worth it. I remember eating at Los Ponchos and cursing at myself for being too drunk to drive to Albertos and having to eat at Los Ponchos. And I remember boarding a plane on more than one occasion with carne asada burritos in my carry on luggage because every friend who took a job out of state would take time off work to pick you up at the airport if you brought carne asada. 20 years ago they did not exist outside of San Diego, if you travelled, they became currency.

Why are all my memories food?

[temeculaguy]

I remember when the the only price club (now costco for any new arrivals) in the world was off the 5 on Morena blvd. When Rubios opened and when it added it’s second location at SDSU that actually had indoor seating. I remember having to drive to Mission Viejo, avery parkway exit to get to the closest in-n-out burger, it was a rule at my fraternity house that when anyone drove south on the 5 through Mission Viejo it was common courtesy to call the house payphone from the in-n-out payphone and take orders, even an hour old they were worth it. I remember eating at Los Ponchos and cursing at myself for being too drunk to drive to Albertos and having to eat at Los Ponchos. And I remember boarding a plane on more than one occasion with carne asada burritos in my carry on luggage because every friend who took a job out of state would take time off work to pick you up at the airport if you brought carne asada. 20 years ago they did not exist outside of San Diego, if you travelled, they became currency.

Why are all my memories food?

[temeculaguy]

Thanks Bugs, I think that these are beginning to drive the market in that particular tract, the local news didn’t go there because there was two or three, they are close to half of the listings and dominating the sales. I think if I were a lender i would thing twice about loaning someone 700k knowing I will have a hard time getting 500k back if it was repo’d. Do all appraisers drive through the neighborhood and visit the house in person or do some appraise using computer data only? I drove through and there are a lot more brown lawns that aren’t on the market yet, the heat of summer is very revealing.

[temeculaguy]

Thanks Bugs, I think that these are beginning to drive the market in that particular tract, the local news didn’t go there because there was two or three, they are close to half of the listings and dominating the sales. I think if I were a lender i would thing twice about loaning someone 700k knowing I will have a hard time getting 500k back if it was repo’d. Do all appraisers drive through the neighborhood and visit the house in person or do some appraise using computer data only? I drove through and there are a lot more brown lawns that aren’t on the market yet, the heat of summer is very revealing.

[temeculaguy]

If they had priced at 546k on day 1, they might have had a chance. If they ask 499 right now they might get out. 1% and 2% drops is just going to chase the rabbit down the hole, they need to get agressive and fast or they will end up at 499 eventually and it won’t look like the deal it would today.

[temeculaguy]

If they had priced at 546k on day 1, they might have had a chance. If they ask 499 right now they might get out. 1% and 2% drops is just going to chase the rabbit down the hole, they need to get agressive and fast or they will end up at 499 eventually and it won’t look like the deal it would today.

[temeculaguy]

Cool Video, most of the repos I compared were just outside of Temecula in an unicorporated area called Morgan Hill. It still has about six or seven tracts selling and was developed during the boom years so it is ripe for foreclosure. It was overpriced to begin with and had the highest taxes in the area, exceeding 2% so that is where I initially looked for a wave of foreclosures and wrote about it a few months ago on this site. This link is an L.A. NBC news story on how the residents are angry at all the brown lawns and want the H.O.A. to take care of the landscaping, they also complain that is hurting their ability to sell, causing a downward spiral in pricing. The news story even names the development and I think it shows video of some of the ones I compared but I swear I just saw it, they copied me, not the other way around.

http://video.knbc.com/player/?id=120347

[temeculaguy]

Cool Video, most of the repos I compared were just outside of Temecula in an unicorporated area called Morgan Hill. It still has about six or seven tracts selling and was developed during the boom years so it is ripe for foreclosure. It was overpriced to begin with and had the highest taxes in the area, exceeding 2% so that is where I initially looked for a wave of foreclosures and wrote about it a few months ago on this site. This link is an L.A. NBC news story on how the residents are angry at all the brown lawns and want the H.O.A. to take care of the landscaping, they also complain that is hurting their ability to sell, causing a downward spiral in pricing. The news story even names the development and I think it shows video of some of the ones I compared but I swear I just saw it, they copied me, not the other way around.

http://video.knbc.com/player/?id=120347

[temeculaguy]

You guys keep pushing me I’m going to keep throwing them up there.

Here’s a little price drop, not a model match like the others, the two more expensive ones are the middle model and the larger model and the cheaper two recent listing are the smaller model of the same tract. Three are on the same street, one is the next street over.

Prop A paid 541k 03/06 3090 sq ft listed 13 days ago for 475k as a short sale

http://www.redfin.com/stingray/do/printable-listing?listing-id=830543

Prop B paid 682k for 3428 sq ft 04/06 and we all know real estate went up so they listed for 769k and have been on the market for 113 days

http://www.redfin.com/stingray/do/printable-listing?listing-id=563870

Prop c on the next street over paid 525k in 03/06 and is lited for 475k and a second listing shows range listing as 425k to 475k, I just post the higher priced link because the mls has it at 475k

http://www.redfin.com/stingray/do/printable-listing?listing-id=734658

And this one which is much larger at 3900 sq ft listed at 710k on the same street as Prop A and B, 136 days on the market.

http://www.redfin.com/stingray/do/printable-listing?listing-id=508748

This last one is a fine example of “staging to sell” I like the mattress on the floor, table with no chairs and rooms with a couch and no coffee table. Also note the free pull down window shades two years after purchase (Temecula building code requires builders to put in the pull down shades to avoid the sheets or foil in the windows). At least there won’t be any holes in the walls since there are no decorations or pictures mounted despite being lived in for two years. If you ever needed to see the definition of housepoor, this is it.

So 3 months ago this was a neigborhood that realtors actually listed in the 700’s and in the last few weeks the listings are in the 400’s, sure the three sizes in the same tract should be priced a little higher than each other but these guys are cutting each others knees off, i bet the block parties will be a bit tense this summer.

These are actually still selling from the builder but it’s nearing closeout. Builder website lists all four models with the smallest at 510k and the largest at 601k, but that is the website price, there is a minimum 30k in incentives last time I visited.

http://www.standardpacifichomes.com/findhome/NeighborhoodIntro.aspx?NID=1163

[temeculaguy]

You guys keep pushing me I’m going to keep throwing them up there.

Here’s a little price drop, not a model match like the others, the two more expensive ones are the middle model and the larger model and the cheaper two recent listing are the smaller model of the same tract. Three are on the same street, one is the next street over.

Prop A paid 541k 03/06 3090 sq ft listed 13 days ago for 475k as a short sale

http://www.redfin.com/stingray/do/printable-listing?listing-id=830543

Prop B paid 682k for 3428 sq ft 04/06 and we all know real estate went up so they listed for 769k and have been on the market for 113 days

http://www.redfin.com/stingray/do/printable-listing?listing-id=563870

Prop c on the next street over paid 525k in 03/06 and is lited for 475k and a second listing shows range listing as 425k to 475k, I just post the higher priced link because the mls has it at 475k

http://www.redfin.com/stingray/do/printable-listing?listing-id=734658

And this one which is much larger at 3900 sq ft listed at 710k on the same street as Prop A and B, 136 days on the market.

http://www.redfin.com/stingray/do/printable-listing?listing-id=508748

This last one is a fine example of “staging to sell” I like the mattress on the floor, table with no chairs and rooms with a couch and no coffee table. Also note the free pull down window shades two years after purchase (Temecula building code requires builders to put in the pull down shades to avoid the sheets or foil in the windows). At least there won’t be any holes in the walls since there are no decorations or pictures mounted despite being lived in for two years. If you ever needed to see the definition of housepoor, this is it.

So 3 months ago this was a neigborhood that realtors actually listed in the 700’s and in the last few weeks the listings are in the 400’s, sure the three sizes in the same tract should be priced a little higher than each other but these guys are cutting each others knees off, i bet the block parties will be a bit tense this summer.

These are actually still selling from the builder but it’s nearing closeout. Builder website lists all four models with the smallest at 510k and the largest at 601k, but that is the website price, there is a minimum 30k in incentives last time I visited.

http://www.standardpacifichomes.com/findhome/NeighborhoodIntro.aspx?NID=1163

[temeculaguy]

It just keeps getting better. This guy is sitting on the market for 104 days at 749k

http://www.redfin.com/stingray/do/printable-listing?listing-id=581725

then 13 days ago, around the corner, about five houses away this repo pops up that is a model match for 518k

http://www.redfin.com/stingray/do/printable-listing?listing-id=834508

Sure the guy at 749 has a neat pool and while the pictures of the repo aren’t up yet, I’m sure it is need of some sod. But crap that is almost 1/3rd off for the repo(excuse me, corporate owned). 231k will buy a neat pool and a hell of a lot of sod.

My question to bugs or the other appraisers, after some of the repos sell for that much less, will the higher priced homes ever get a loan because the comps I’m citing are same development, literally within a hundred yards or closer and exacts models, isn’t that going to be an issue for financing if a bigger fool did buy the overpriced one? Or do you dismiss repos when doing appraisals?

[temeculaguy]

It just keeps getting better. This guy is sitting on the market for 104 days at 749k

http://www.redfin.com/stingray/do/printable-listing?listing-id=581725

then 13 days ago, around the corner, about five houses away this repo pops up that is a model match for 518k

http://www.redfin.com/stingray/do/printable-listing?listing-id=834508

Sure the guy at 749 has a neat pool and while the pictures of the repo aren’t up yet, I’m sure it is need of some sod. But crap that is almost 1/3rd off for the repo(excuse me, corporate owned). 231k will buy a neat pool and a hell of a lot of sod.

My question to bugs or the other appraisers, after some of the repos sell for that much less, will the higher priced homes ever get a loan because the comps I’m citing are same development, literally within a hundred yards or closer and exacts models, isn’t that going to be an issue for financing if a bigger fool did buy the overpriced one? Or do you dismiss repos when doing appraisals?

[Author]

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