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urbanrealtor
ParticipantEasy for you to say.
I woke up behind a bar in National City.
I still haven’t found my pants.
Participant[quote=DataAgent]If you like the house and the price, you may be the perfect short sale buyer. Depending on the lender, short sales can take months and be a roller-coaster ride while you’re waiting. I’d get good 3rd party advice. Maybe hire a real estate attorney to look over your deal. There’s always the possibility the lender forecloses and you end up with an eviction notice.
[/quote]I would recommend calling an agent who can show an established record of closing short sales.
THe above post is correct that you really might be the perfect buyers on this short.
The attorney route can get both pricey and inaccurate. I have found a lot of atty’s do best as litigators and not so good as straight counselors. That would be different in re attorney states (eg: NY, NJ) but here that money is best spent elsewhere.
If you want free info, you can ask me or sdr here.
We both handle lots of these (by the way sdr, nice to finally meet you). I am teaching a seminar on buying shorts thursday eve. Its really about counsel and persistence rather than magic.
Participant[quote=DataAgent]If you like the house and the price, you may be the perfect short sale buyer. Depending on the lender, short sales can take months and be a roller-coaster ride while you’re waiting. I’d get good 3rd party advice. Maybe hire a real estate attorney to look over your deal. There’s always the possibility the lender forecloses and you end up with an eviction notice.
[/quote]I would recommend calling an agent who can show an established record of closing short sales.
THe above post is correct that you really might be the perfect buyers on this short.
The attorney route can get both pricey and inaccurate. I have found a lot of atty’s do best as litigators and not so good as straight counselors. That would be different in re attorney states (eg: NY, NJ) but here that money is best spent elsewhere.
If you want free info, you can ask me or sdr here.
We both handle lots of these (by the way sdr, nice to finally meet you). I am teaching a seminar on buying shorts thursday eve. Its really about counsel and persistence rather than magic.
Participant[quote=DataAgent]If you like the house and the price, you may be the perfect short sale buyer. Depending on the lender, short sales can take months and be a roller-coaster ride while you’re waiting. I’d get good 3rd party advice. Maybe hire a real estate attorney to look over your deal. There’s always the possibility the lender forecloses and you end up with an eviction notice.
[/quote]I would recommend calling an agent who can show an established record of closing short sales.
THe above post is correct that you really might be the perfect buyers on this short.
The attorney route can get both pricey and inaccurate. I have found a lot of atty’s do best as litigators and not so good as straight counselors. That would be different in re attorney states (eg: NY, NJ) but here that money is best spent elsewhere.
If you want free info, you can ask me or sdr here.
We both handle lots of these (by the way sdr, nice to finally meet you). I am teaching a seminar on buying shorts thursday eve. Its really about counsel and persistence rather than magic.
Participant[quote=DataAgent]If you like the house and the price, you may be the perfect short sale buyer. Depending on the lender, short sales can take months and be a roller-coaster ride while you’re waiting. I’d get good 3rd party advice. Maybe hire a real estate attorney to look over your deal. There’s always the possibility the lender forecloses and you end up with an eviction notice.
[/quote]I would recommend calling an agent who can show an established record of closing short sales.
THe above post is correct that you really might be the perfect buyers on this short.
The attorney route can get both pricey and inaccurate. I have found a lot of atty’s do best as litigators and not so good as straight counselors. That would be different in re attorney states (eg: NY, NJ) but here that money is best spent elsewhere.
If you want free info, you can ask me or sdr here.
We both handle lots of these (by the way sdr, nice to finally meet you). I am teaching a seminar on buying shorts thursday eve. Its really about counsel and persistence rather than magic.
Participant[quote=DataAgent]If you like the house and the price, you may be the perfect short sale buyer. Depending on the lender, short sales can take months and be a roller-coaster ride while you’re waiting. I’d get good 3rd party advice. Maybe hire a real estate attorney to look over your deal. There’s always the possibility the lender forecloses and you end up with an eviction notice.
[/quote]I would recommend calling an agent who can show an established record of closing short sales.
THe above post is correct that you really might be the perfect buyers on this short.
The attorney route can get both pricey and inaccurate. I have found a lot of atty’s do best as litigators and not so good as straight counselors. That would be different in re attorney states (eg: NY, NJ) but here that money is best spent elsewhere.
If you want free info, you can ask me or sdr here.
We both handle lots of these (by the way sdr, nice to finally meet you). I am teaching a seminar on buying shorts thursday eve. Its really about counsel and persistence rather than magic.
ParticipantMost of the business I do is condos.
I have found that the biggest deciding factor in value is the competence of the management.
The biggest problems are always with the small (like 8 units) complexes that are self-managed.
My favorite was a couple of months ago where the “president” of the HOA had not held a meeting since 2006 and was currently running a deficit with a reserve account funded to the tune of about 30%.
Nobody even had a copy of the cc&r’s and the insurance was insufficient for any type of lending.
In that case, I strongly suspect the president was just keeping the dues.
Even in the meltdown complexes, the professionally managed hoa’s tend to minimize the likelihood of insolvency or unexpected assessments. Of course that does not eliminate the reality of living in a common-interest development.
ParticipantMost of the business I do is condos.
I have found that the biggest deciding factor in value is the competence of the management.
The biggest problems are always with the small (like 8 units) complexes that are self-managed.
My favorite was a couple of months ago where the “president” of the HOA had not held a meeting since 2006 and was currently running a deficit with a reserve account funded to the tune of about 30%.
Nobody even had a copy of the cc&r’s and the insurance was insufficient for any type of lending.
In that case, I strongly suspect the president was just keeping the dues.
Even in the meltdown complexes, the professionally managed hoa’s tend to minimize the likelihood of insolvency or unexpected assessments. Of course that does not eliminate the reality of living in a common-interest development.
ParticipantMost of the business I do is condos.
I have found that the biggest deciding factor in value is the competence of the management.
The biggest problems are always with the small (like 8 units) complexes that are self-managed.
My favorite was a couple of months ago where the “president” of the HOA had not held a meeting since 2006 and was currently running a deficit with a reserve account funded to the tune of about 30%.
Nobody even had a copy of the cc&r’s and the insurance was insufficient for any type of lending.
In that case, I strongly suspect the president was just keeping the dues.
Even in the meltdown complexes, the professionally managed hoa’s tend to minimize the likelihood of insolvency or unexpected assessments. Of course that does not eliminate the reality of living in a common-interest development.
ParticipantMost of the business I do is condos.
I have found that the biggest deciding factor in value is the competence of the management.
The biggest problems are always with the small (like 8 units) complexes that are self-managed.
My favorite was a couple of months ago where the “president” of the HOA had not held a meeting since 2006 and was currently running a deficit with a reserve account funded to the tune of about 30%.
Nobody even had a copy of the cc&r’s and the insurance was insufficient for any type of lending.
In that case, I strongly suspect the president was just keeping the dues.
Even in the meltdown complexes, the professionally managed hoa’s tend to minimize the likelihood of insolvency or unexpected assessments. Of course that does not eliminate the reality of living in a common-interest development.
ParticipantMost of the business I do is condos.
I have found that the biggest deciding factor in value is the competence of the management.
The biggest problems are always with the small (like 8 units) complexes that are self-managed.
My favorite was a couple of months ago where the “president” of the HOA had not held a meeting since 2006 and was currently running a deficit with a reserve account funded to the tune of about 30%.
Nobody even had a copy of the cc&r’s and the insurance was insufficient for any type of lending.
In that case, I strongly suspect the president was just keeping the dues.
Even in the meltdown complexes, the professionally managed hoa’s tend to minimize the likelihood of insolvency or unexpected assessments. Of course that does not eliminate the reality of living in a common-interest development.
Participant[quote=Allan from Fallbrook]Tibuan: Can you recommend a good Cambodian Re-education Camp for those of us made of sterner stuff? That team building stuff looks a little soft for someone like me!
You might seriously consider NOT posting “commercials” along with your messages, as there are posters here who will cheerfully fillet you and enjoy the effort.[/quote]
Hey wanker.Where the fuck were you last night?
I really wanted to meet you.
email me’
urbanrealtor at gmailParticipant[quote=Allan from Fallbrook]Tibuan: Can you recommend a good Cambodian Re-education Camp for those of us made of sterner stuff? That team building stuff looks a little soft for someone like me!
You might seriously consider NOT posting “commercials” along with your messages, as there are posters here who will cheerfully fillet you and enjoy the effort.[/quote]
Hey wanker.Where the fuck were you last night?
I really wanted to meet you.
email me’
urbanrealtor at gmailParticipant[quote=Allan from Fallbrook]Tibuan: Can you recommend a good Cambodian Re-education Camp for those of us made of sterner stuff? That team building stuff looks a little soft for someone like me!
You might seriously consider NOT posting “commercials” along with your messages, as there are posters here who will cheerfully fillet you and enjoy the effort.[/quote]
Hey wanker.Where the fuck were you last night?
I really wanted to meet you.
email me’
urbanrealtor at gmail -
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