[urbanrealtor]

Much as I hate to admit it, Xbox is dead on.

Here is an example:
I have a deal where my buyers are in escrow on a place. The price (should it close) would make it the cheapest closing of that type in that area. The listing agent does not want other buyers to know how low the sellers were willing to go and I (the buyer’s agent) do not want someone to come in 10k higher (still a bargain) and knock out my buyer if my buyer starts to look shaky.

Once it closes, nobody will care.

[urbanrealtor]

Much as I hate to admit it, Xbox is dead on.

Here is an example:
I have a deal where my buyers are in escrow on a place. The price (should it close) would make it the cheapest closing of that type in that area. The listing agent does not want other buyers to know how low the sellers were willing to go and I (the buyer’s agent) do not want someone to come in 10k higher (still a bargain) and knock out my buyer if my buyer starts to look shaky.

Once it closes, nobody will care.

[urbanrealtor]

[quote=sdrealtor]At least 6 more of the 1.2 million with missed payments wont be going to the shadow inventory. I just their short sales over the last 2 weeks.[/quote]
Thats legit.
I just closed one today (with and nod and an not) and have approval to close on 4 more.

All of those have NOD’s recorded.

Likely NONE of them will end up as REO’s.

[urbanrealtor]

[quote=sdrealtor]At least 6 more of the 1.2 million with missed payments wont be going to the shadow inventory. I just their short sales over the last 2 weeks.[/quote]
Thats legit.
I just closed one today (with and nod and an not) and have approval to close on 4 more.

All of those have NOD’s recorded.

Likely NONE of them will end up as REO’s.

[urbanrealtor]

[quote=sdrealtor]At least 6 more of the 1.2 million with missed payments wont be going to the shadow inventory. I just their short sales over the last 2 weeks.[/quote]
Thats legit.
I just closed one today (with and nod and an not) and have approval to close on 4 more.

All of those have NOD’s recorded.

Likely NONE of them will end up as REO’s.

[urbanrealtor]

[quote=sdrealtor]At least 6 more of the 1.2 million with missed payments wont be going to the shadow inventory. I just their short sales over the last 2 weeks.[/quote]
Thats legit.
I just closed one today (with and nod and an not) and have approval to close on 4 more.

All of those have NOD’s recorded.

Likely NONE of them will end up as REO’s.

[urbanrealtor]

[quote=sdrealtor]At least 6 more of the 1.2 million with missed payments wont be going to the shadow inventory. I just their short sales over the last 2 weeks.[/quote]
Thats legit.
I just closed one today (with and nod and an not) and have approval to close on 4 more.

All of those have NOD’s recorded.

Likely NONE of them will end up as REO’s.

[urbanrealtor]

Of course there is the issue that FHA loans require that the seller have title for 90 days.

[urbanrealtor]

Of course there is the issue that FHA loans require that the seller have title for 90 days.

[urbanrealtor]

Of course there is the issue that FHA loans require that the seller have title for 90 days.

[urbanrealtor]

Of course there is the issue that FHA loans require that the seller have title for 90 days.

[urbanrealtor]

Of course there is the issue that FHA loans require that the seller have title for 90 days.

[urbanrealtor]

[quote=sdrealtor]My pleasure Eugene and I can offer one possible explanation. The house on Atherton shows being listed and sold by the builder. It hasnt recorded yet in the tax records and frequently builder sales do not.

Here is one possible scenario. In LC Oaks I heard that Davidson did not pay their sales people the bonuses they were due but rather gave them below market deals on the models. Perhaps those sales were along similar lines I.e. a low price was given to an employee or vendor in lieu of some payment due). Things like that happen.[/quote]
Dude, if you pull the existing grant deed, you can reverse-engineer the price based on the DTT.
Most builder sales don’t explicitly mention the price (thus necessitating this maneuver). SDR, do you know the reason for that?
I always assumed it was ‘cuz they wanted to control the openness of the market info.

Your thoughts?

[urbanrealtor]

[quote=sdrealtor]My pleasure Eugene and I can offer one possible explanation. The house on Atherton shows being listed and sold by the builder. It hasnt recorded yet in the tax records and frequently builder sales do not.

Here is one possible scenario. In LC Oaks I heard that Davidson did not pay their sales people the bonuses they were due but rather gave them below market deals on the models. Perhaps those sales were along similar lines I.e. a low price was given to an employee or vendor in lieu of some payment due). Things like that happen.[/quote]
Dude, if you pull the existing grant deed, you can reverse-engineer the price based on the DTT.
Most builder sales don’t explicitly mention the price (thus necessitating this maneuver). SDR, do you know the reason for that?
I always assumed it was ‘cuz they wanted to control the openness of the market info.

Your thoughts?

[urbanrealtor]

[quote=sdrealtor]My pleasure Eugene and I can offer one possible explanation. The house on Atherton shows being listed and sold by the builder. It hasnt recorded yet in the tax records and frequently builder sales do not.

Here is one possible scenario. In LC Oaks I heard that Davidson did not pay their sales people the bonuses they were due but rather gave them below market deals on the models. Perhaps those sales were along similar lines I.e. a low price was given to an employee or vendor in lieu of some payment due). Things like that happen.[/quote]
Dude, if you pull the existing grant deed, you can reverse-engineer the price based on the DTT.
Most builder sales don’t explicitly mention the price (thus necessitating this maneuver). SDR, do you know the reason for that?
I always assumed it was ‘cuz they wanted to control the openness of the market info.

Your thoughts?

[Author]

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