[UCGal]

[quote=sdrealtor]A couple explanations. Some decided not to do them after all. Often in a short sale, the lender is looking for the selelr to make a contribution to mitigate the loss if they are able to come up with something. Some sellers refuse and some do so upfront/wilingly.[/quote]

Thanks, sdr. As I said – I have some ignorance on this since I’ve never been involved in a short sale. I didn’t realize that sellers had to kick in more than any lost equity (downpayment and subsequent payments.)

[UCGal]

[quote=sdrealtor]A couple explanations. Some decided not to do them after all. Often in a short sale, the lender is looking for the selelr to make a contribution to mitigate the loss if they are able to come up with something. Some sellers refuse and some do so upfront/wilingly.[/quote]

Thanks, sdr. As I said – I have some ignorance on this since I’ve never been involved in a short sale. I didn’t realize that sellers had to kick in more than any lost equity (downpayment and subsequent payments.)

[UCGal]

[quote=sdrealtor]A couple explanations. Some decided not to do them after all. Often in a short sale, the lender is looking for the selelr to make a contribution to mitigate the loss if they are able to come up with something. Some sellers refuse and some do so upfront/wilingly.[/quote]

Thanks, sdr. As I said – I have some ignorance on this since I’ve never been involved in a short sale. I didn’t realize that sellers had to kick in more than any lost equity (downpayment and subsequent payments.)

[UCGal]

The designs of pre-manufactured homes have come a long way since the old “doublewide”.

If you’re planning on living in a seismically active area (CA) – then the added advantage is pre-fab homes are designed to withstand pretty extreme vibration during shipping – so they weather moderate earthquakes better than most built in place homes. The steel framing is part of the reason.

We seriously looked at prefab when we were first looking at our companion unit… but there wasn’t anything of the right scale with the ADA features we needed.

[UCGal]

The designs of pre-manufactured homes have come a long way since the old “doublewide”.

If you’re planning on living in a seismically active area (CA) – then the added advantage is pre-fab homes are designed to withstand pretty extreme vibration during shipping – so they weather moderate earthquakes better than most built in place homes. The steel framing is part of the reason.

We seriously looked at prefab when we were first looking at our companion unit… but there wasn’t anything of the right scale with the ADA features we needed.

[UCGal]

The designs of pre-manufactured homes have come a long way since the old “doublewide”.

If you’re planning on living in a seismically active area (CA) – then the added advantage is pre-fab homes are designed to withstand pretty extreme vibration during shipping – so they weather moderate earthquakes better than most built in place homes. The steel framing is part of the reason.

We seriously looked at prefab when we were first looking at our companion unit… but there wasn’t anything of the right scale with the ADA features we needed.

[UCGal]

The designs of pre-manufactured homes have come a long way since the old “doublewide”.

If you’re planning on living in a seismically active area (CA) – then the added advantage is pre-fab homes are designed to withstand pretty extreme vibration during shipping – so they weather moderate earthquakes better than most built in place homes. The steel framing is part of the reason.

We seriously looked at prefab when we were first looking at our companion unit… but there wasn’t anything of the right scale with the ADA features we needed.

[UCGal]

The designs of pre-manufactured homes have come a long way since the old “doublewide”.

If you’re planning on living in a seismically active area (CA) – then the added advantage is pre-fab homes are designed to withstand pretty extreme vibration during shipping – so they weather moderate earthquakes better than most built in place homes. The steel framing is part of the reason.

We seriously looked at prefab when we were first looking at our companion unit… but there wasn’t anything of the right scale with the ADA features we needed.

[UCGal]

[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]

I’m confused – probably due to my own ignorance. Isn’t short selling asking the bank to eat the loss? The example you give of sellers showing up with checks is obviously NOT a short sale. (I’ve had friends do that, when the market was down, back east, in the 90’s.) But isn’t a short seller expecting the bank to eat any loss above and beyond the down payment?

Are you saying these short sellers decided NOT to do the short sale after all?

Like I said… I’m confused.

[UCGal]

[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]

I’m confused – probably due to my own ignorance. Isn’t short selling asking the bank to eat the loss? The example you give of sellers showing up with checks is obviously NOT a short sale. (I’ve had friends do that, when the market was down, back east, in the 90’s.) But isn’t a short seller expecting the bank to eat any loss above and beyond the down payment?

Are you saying these short sellers decided NOT to do the short sale after all?

Like I said… I’m confused.

[UCGal]

[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]

I’m confused – probably due to my own ignorance. Isn’t short selling asking the bank to eat the loss? The example you give of sellers showing up with checks is obviously NOT a short sale. (I’ve had friends do that, when the market was down, back east, in the 90’s.) But isn’t a short seller expecting the bank to eat any loss above and beyond the down payment?

Are you saying these short sellers decided NOT to do the short sale after all?

Like I said… I’m confused.

[UCGal]

[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]

I’m confused – probably due to my own ignorance. Isn’t short selling asking the bank to eat the loss? The example you give of sellers showing up with checks is obviously NOT a short sale. (I’ve had friends do that, when the market was down, back east, in the 90’s.) But isn’t a short seller expecting the bank to eat any loss above and beyond the down payment?

Are you saying these short sellers decided NOT to do the short sale after all?

Like I said… I’m confused.

[UCGal]

[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]

I’m confused – probably due to my own ignorance. Isn’t short selling asking the bank to eat the loss? The example you give of sellers showing up with checks is obviously NOT a short sale. (I’ve had friends do that, when the market was down, back east, in the 90’s.) But isn’t a short seller expecting the bank to eat any loss above and beyond the down payment?

Are you saying these short sellers decided NOT to do the short sale after all?

Like I said… I’m confused.

[UCGal]

[quote=threadkiller]The police like to harass(probably because they have nothing better to do ,as there is little crime in La Mesa).[/quote]

True as long as Art Madrid stays sober and/or off the streets. LOL.

(Actually, I know nothing about Mayor Madrid except the press about him when he did or did not get special treatment from the police when he was found passed out drunk on a sidewalk.)

[UCGal]

[quote=threadkiller]The police like to harass(probably because they have nothing better to do ,as there is little crime in La Mesa).[/quote]

True as long as Art Madrid stays sober and/or off the streets. LOL.

(Actually, I know nothing about Mayor Madrid except the press about him when he did or did not get special treatment from the police when he was found passed out drunk on a sidewalk.)

[Author]

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