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urbanrealtor
Participant[quote=Allan from Fallbrook]Dan: JP ain’t a dude. I’ll kick ya if ya want, though. Just because you asked me to. Not like I’d do that on purpose or anything. Just sayin’.[/quote]
Hmmm….
So many options to consider…Participant[quote=Patti B]Saw your comment about “is this the first step” My question is…is this the last step. What I mean is… if the 1st is higher than it is worth and no one bids, will they auction it at another date on the courthouse steps or will it go back on the market as Bank Owned?
The 1st on the house I am looking at is worth less than the starting bid. I will go to see the process, but should I be looking at another date on the courthouse steps or the Multiple Listing.[/quote]Typically the opening bid is higher than market. The lender generally expects that they will take it back. When they do take it back (99.9% of the time) they will either
A:put it back in the MLS when they hire an agent or B:they will do a resale auction (like one of those redc auctions at the convention center) or they will
C:leave it vacant (due either to market timing or just being too busy to deal with it)or
D:hold on to it and rent it out (this last one is a more recent phenomenon).Participant[quote=Patti B]Saw your comment about “is this the first step” My question is…is this the last step. What I mean is… if the 1st is higher than it is worth and no one bids, will they auction it at another date on the courthouse steps or will it go back on the market as Bank Owned?
The 1st on the house I am looking at is worth less than the starting bid. I will go to see the process, but should I be looking at another date on the courthouse steps or the Multiple Listing.[/quote]Typically the opening bid is higher than market. The lender generally expects that they will take it back. When they do take it back (99.9% of the time) they will either
A:put it back in the MLS when they hire an agent or B:they will do a resale auction (like one of those redc auctions at the convention center) or they will
C:leave it vacant (due either to market timing or just being too busy to deal with it)or
D:hold on to it and rent it out (this last one is a more recent phenomenon).Participant[quote=Patti B]Saw your comment about “is this the first step” My question is…is this the last step. What I mean is… if the 1st is higher than it is worth and no one bids, will they auction it at another date on the courthouse steps or will it go back on the market as Bank Owned?
The 1st on the house I am looking at is worth less than the starting bid. I will go to see the process, but should I be looking at another date on the courthouse steps or the Multiple Listing.[/quote]Typically the opening bid is higher than market. The lender generally expects that they will take it back. When they do take it back (99.9% of the time) they will either
A:put it back in the MLS when they hire an agent or B:they will do a resale auction (like one of those redc auctions at the convention center) or they will
C:leave it vacant (due either to market timing or just being too busy to deal with it)or
D:hold on to it and rent it out (this last one is a more recent phenomenon).Participant[quote=Patti B]Saw your comment about “is this the first step” My question is…is this the last step. What I mean is… if the 1st is higher than it is worth and no one bids, will they auction it at another date on the courthouse steps or will it go back on the market as Bank Owned?
The 1st on the house I am looking at is worth less than the starting bid. I will go to see the process, but should I be looking at another date on the courthouse steps or the Multiple Listing.[/quote]Typically the opening bid is higher than market. The lender generally expects that they will take it back. When they do take it back (99.9% of the time) they will either
A:put it back in the MLS when they hire an agent or B:they will do a resale auction (like one of those redc auctions at the convention center) or they will
C:leave it vacant (due either to market timing or just being too busy to deal with it)or
D:hold on to it and rent it out (this last one is a more recent phenomenon).Participant[quote=Patti B]Saw your comment about “is this the first step” My question is…is this the last step. What I mean is… if the 1st is higher than it is worth and no one bids, will they auction it at another date on the courthouse steps or will it go back on the market as Bank Owned?
The 1st on the house I am looking at is worth less than the starting bid. I will go to see the process, but should I be looking at another date on the courthouse steps or the Multiple Listing.[/quote]Typically the opening bid is higher than market. The lender generally expects that they will take it back. When they do take it back (99.9% of the time) they will either
A:put it back in the MLS when they hire an agent or B:they will do a resale auction (like one of those redc auctions at the convention center) or they will
C:leave it vacant (due either to market timing or just being too busy to deal with it)or
D:hold on to it and rent it out (this last one is a more recent phenomenon).March 8, 2009 at 2:13 PM in reply to: OT: Ohio – 700 People Have Applied for a Single Job as a Janitor #362292ParticipantI am just glad we are so close to the border.
If necessary, I could always go work in the donkey show.
It pays to be bilingual.
March 8, 2009 at 2:13 PM in reply to: OT: Ohio – 700 People Have Applied for a Single Job as a Janitor #362589ParticipantI am just glad we are so close to the border.
If necessary, I could always go work in the donkey show.
It pays to be bilingual.
March 8, 2009 at 2:13 PM in reply to: OT: Ohio – 700 People Have Applied for a Single Job as a Janitor #362734ParticipantI am just glad we are so close to the border.
If necessary, I could always go work in the donkey show.
It pays to be bilingual.
March 8, 2009 at 2:13 PM in reply to: OT: Ohio – 700 People Have Applied for a Single Job as a Janitor #362777ParticipantI am just glad we are so close to the border.
If necessary, I could always go work in the donkey show.
It pays to be bilingual.
March 8, 2009 at 2:13 PM in reply to: OT: Ohio – 700 People Have Applied for a Single Job as a Janitor #362884ParticipantI am just glad we are so close to the border.
If necessary, I could always go work in the donkey show.
It pays to be bilingual.
Participant[quote=jpinpb]{rolling eyes}
They should have an official “Kick a Realtor” day. (No offense to our Pigg realtors)
Maybe all the realtors (present Piggs excluded) are in their own little bubble floating in stratosphere somewhere and they have no idea what’s happening w/the economy in the world.
At least they’ve thought of something besides, “Buy now. You’ll be priced out forever. They stopped making land.” Yada, yada, yada, blah, blah, blah.
Gotta go kick myself now.[/quote]
I double dog dare you to try and kick me dude.
Or at least to try.
Participant[quote=jpinpb]{rolling eyes}
They should have an official “Kick a Realtor” day. (No offense to our Pigg realtors)
Maybe all the realtors (present Piggs excluded) are in their own little bubble floating in stratosphere somewhere and they have no idea what’s happening w/the economy in the world.
At least they’ve thought of something besides, “Buy now. You’ll be priced out forever. They stopped making land.” Yada, yada, yada, blah, blah, blah.
Gotta go kick myself now.[/quote]
I double dog dare you to try and kick me dude.
Or at least to try.
Participant[quote=jpinpb]{rolling eyes}
They should have an official “Kick a Realtor” day. (No offense to our Pigg realtors)
Maybe all the realtors (present Piggs excluded) are in their own little bubble floating in stratosphere somewhere and they have no idea what’s happening w/the economy in the world.
At least they’ve thought of something besides, “Buy now. You’ll be priced out forever. They stopped making land.” Yada, yada, yada, blah, blah, blah.
Gotta go kick myself now.[/quote]
I double dog dare you to try and kick me dude.
Or at least to try.
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