[Waiting to feel the magic]

SD Realtor’s comments jibe pretty well with what I’m seeing. We’ve been looking in PQ for several months. A lot of what we’re seeing is priced about where it was in 2008 or 2007. There are no screamin’ deal for the most part in the price range we’re looking in (6-700k).

So we’ve started looking in 4S. Better deals there. Lots of green, blue, and red dots on Foreclosure Radar. It seems like about once a month one of these myriad properties actually gets moves past the NOTS stage and gets foreclosed or bought by a third party. It’s almost totally cancellations and postponements.

[Waiting to feel the magic]

SD Realtor’s comments jibe pretty well with what I’m seeing. We’ve been looking in PQ for several months. A lot of what we’re seeing is priced about where it was in 2008 or 2007. There are no screamin’ deal for the most part in the price range we’re looking in (6-700k).

So we’ve started looking in 4S. Better deals there. Lots of green, blue, and red dots on Foreclosure Radar. It seems like about once a month one of these myriad properties actually gets moves past the NOTS stage and gets foreclosed or bought by a third party. It’s almost totally cancellations and postponements.

[Waiting to feel the magic]

SD Realtor’s comments jibe pretty well with what I’m seeing. We’ve been looking in PQ for several months. A lot of what we’re seeing is priced about where it was in 2008 or 2007. There are no screamin’ deal for the most part in the price range we’re looking in (6-700k).

So we’ve started looking in 4S. Better deals there. Lots of green, blue, and red dots on Foreclosure Radar. It seems like about once a month one of these myriad properties actually gets moves past the NOTS stage and gets foreclosed or bought by a third party. It’s almost totally cancellations and postponements.

[Waiting to feel the magic]

SD Realtor’s comments jibe pretty well with what I’m seeing. We’ve been looking in PQ for several months. A lot of what we’re seeing is priced about where it was in 2008 or 2007. There are no screamin’ deal for the most part in the price range we’re looking in (6-700k).

So we’ve started looking in 4S. Better deals there. Lots of green, blue, and red dots on Foreclosure Radar. It seems like about once a month one of these myriad properties actually gets moves past the NOTS stage and gets foreclosed or bought by a third party. It’s almost totally cancellations and postponements.

[Waiting to feel the magic]

SD Realtor’s comments jibe pretty well with what I’m seeing. We’ve been looking in PQ for several months. A lot of what we’re seeing is priced about where it was in 2008 or 2007. There are no screamin’ deal for the most part in the price range we’re looking in (6-700k).

So we’ve started looking in 4S. Better deals there. Lots of green, blue, and red dots on Foreclosure Radar. It seems like about once a month one of these myriad properties actually gets moves past the NOTS stage and gets foreclosed or bought by a third party. It’s almost totally cancellations and postponements.

[Waiting to feel the magic]

[quote=ybitz]Can you still tour a house and/or make an offer on a short-sale house that is in contingent status? Or is it already too late at that point?[/quote]

We have offers on two SS right now. Both offers were made when there were other offers in front of ours, but I don’t believe the propties were contingent at the time. Months later we are still in the hunt for both properties.

[quote=ybitz]What’s the consensus on buying short sales these days? Too much hassle for the slim chance of getting a good deal, or worth pursuing? Will the new government program for short sale encourage more underwater owners to put their house up for sale?[/quote]

Distressed properties (REO and SS) are about all we’re looking at. There’s not much on the market, and SSs are a good chunk of what’s there. A little patience is worth the huge amounts of money that you save in our opinion. Admittedly, we haven’t closed on anything yet. A key I think is getting an realtor that knows the SS process really, really well.

[Waiting to feel the magic]

[quote=ybitz]Can you still tour a house and/or make an offer on a short-sale house that is in contingent status? Or is it already too late at that point?[/quote]

We have offers on two SS right now. Both offers were made when there were other offers in front of ours, but I don’t believe the propties were contingent at the time. Months later we are still in the hunt for both properties.

[quote=ybitz]What’s the consensus on buying short sales these days? Too much hassle for the slim chance of getting a good deal, or worth pursuing? Will the new government program for short sale encourage more underwater owners to put their house up for sale?[/quote]

Distressed properties (REO and SS) are about all we’re looking at. There’s not much on the market, and SSs are a good chunk of what’s there. A little patience is worth the huge amounts of money that you save in our opinion. Admittedly, we haven’t closed on anything yet. A key I think is getting an realtor that knows the SS process really, really well.

[Waiting to feel the magic]

[quote=ybitz]Can you still tour a house and/or make an offer on a short-sale house that is in contingent status? Or is it already too late at that point?[/quote]

We have offers on two SS right now. Both offers were made when there were other offers in front of ours, but I don’t believe the propties were contingent at the time. Months later we are still in the hunt for both properties.

[quote=ybitz]What’s the consensus on buying short sales these days? Too much hassle for the slim chance of getting a good deal, or worth pursuing? Will the new government program for short sale encourage more underwater owners to put their house up for sale?[/quote]

Distressed properties (REO and SS) are about all we’re looking at. There’s not much on the market, and SSs are a good chunk of what’s there. A little patience is worth the huge amounts of money that you save in our opinion. Admittedly, we haven’t closed on anything yet. A key I think is getting an realtor that knows the SS process really, really well.

[Waiting to feel the magic]

[quote=ybitz]Can you still tour a house and/or make an offer on a short-sale house that is in contingent status? Or is it already too late at that point?[/quote]

We have offers on two SS right now. Both offers were made when there were other offers in front of ours, but I don’t believe the propties were contingent at the time. Months later we are still in the hunt for both properties.

[quote=ybitz]What’s the consensus on buying short sales these days? Too much hassle for the slim chance of getting a good deal, or worth pursuing? Will the new government program for short sale encourage more underwater owners to put their house up for sale?[/quote]

Distressed properties (REO and SS) are about all we’re looking at. There’s not much on the market, and SSs are a good chunk of what’s there. A little patience is worth the huge amounts of money that you save in our opinion. Admittedly, we haven’t closed on anything yet. A key I think is getting an realtor that knows the SS process really, really well.

[Waiting to feel the magic]

[quote=ybitz]Can you still tour a house and/or make an offer on a short-sale house that is in contingent status? Or is it already too late at that point?[/quote]

We have offers on two SS right now. Both offers were made when there were other offers in front of ours, but I don’t believe the propties were contingent at the time. Months later we are still in the hunt for both properties.

[quote=ybitz]What’s the consensus on buying short sales these days? Too much hassle for the slim chance of getting a good deal, or worth pursuing? Will the new government program for short sale encourage more underwater owners to put their house up for sale?[/quote]

Distressed properties (REO and SS) are about all we’re looking at. There’s not much on the market, and SSs are a good chunk of what’s there. A little patience is worth the huge amounts of money that you save in our opinion. Admittedly, we haven’t closed on anything yet. A key I think is getting an realtor that knows the SS process really, really well.

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