[ybitz]

you know anything about the new construction in Mira Mesa, the 3 Roots development? Wonder how that’ll affect the existing Mira Mesa market.

[ybitz]

hmm, wonder how much it would actually cost all-in. i.e. preparing the site in the backyard, adding utility hookups, shipping form Vegas, installation, permits. Probably another $50k? Maybe ~$100k all in?

[ybitz]

eeek, thanks for posting this. I refi’ed with Amerisave twice (they currently own my mortgage). From my experience:
When asking for a rate quote, you put in your credit score. The instant rate quote changes based on what you put.
Then you pay for the credit check, and they use the lowest score out of the 6 credit scores (3 per credit score agency, for both my wife and I). In my case, the rates were still better than anywhere else, so I still went with them.

[ybitz]

sunny88…how was your experience with Quicken? Would you recommend using them to refi?

[ybitz]

[quote=Eugene][quote=TemekuT]Don’t cry crocodile tears for this “owner”. Property was purchased with zero down in 2005 with 80/20 loans and refinanced in 2006 with closing costs added – piggybacked again with 88/12 loans. Surprisingly no cash was extracted. “Buyer” put nothing into the property and has lost nothing as there is probably a snowball’s chance in hell that the property is worth what was paid for it. [/quote]

Look at it this way. He is now an owner of half an acre of nearly worthless land adjacent to the 15 freeway, and he has $500k of recourse loans on that land.[/quote]

Is it still recourse loan if he didn’t cash out during the refi?

[ybitz]

[quote=Eugene][quote=TemekuT]Don’t cry crocodile tears for this “owner”. Property was purchased with zero down in 2005 with 80/20 loans and refinanced in 2006 with closing costs added – piggybacked again with 88/12 loans. Surprisingly no cash was extracted. “Buyer” put nothing into the property and has lost nothing as there is probably a snowball’s chance in hell that the property is worth what was paid for it. [/quote]

Look at it this way. He is now an owner of half an acre of nearly worthless land adjacent to the 15 freeway, and he has $500k of recourse loans on that land.[/quote]

Is it still recourse loan if he didn’t cash out during the refi?

[ybitz]

[quote=Eugene][quote=TemekuT]Don’t cry crocodile tears for this “owner”. Property was purchased with zero down in 2005 with 80/20 loans and refinanced in 2006 with closing costs added – piggybacked again with 88/12 loans. Surprisingly no cash was extracted. “Buyer” put nothing into the property and has lost nothing as there is probably a snowball’s chance in hell that the property is worth what was paid for it. [/quote]

Look at it this way. He is now an owner of half an acre of nearly worthless land adjacent to the 15 freeway, and he has $500k of recourse loans on that land.[/quote]

Is it still recourse loan if he didn’t cash out during the refi?

[ybitz]

[quote=Eugene][quote=TemekuT]Don’t cry crocodile tears for this “owner”. Property was purchased with zero down in 2005 with 80/20 loans and refinanced in 2006 with closing costs added – piggybacked again with 88/12 loans. Surprisingly no cash was extracted. “Buyer” put nothing into the property and has lost nothing as there is probably a snowball’s chance in hell that the property is worth what was paid for it. [/quote]

Look at it this way. He is now an owner of half an acre of nearly worthless land adjacent to the 15 freeway, and he has $500k of recourse loans on that land.[/quote]

Is it still recourse loan if he didn’t cash out during the refi?

[ybitz]

[quote=Eugene][quote=TemekuT]Don’t cry crocodile tears for this “owner”. Property was purchased with zero down in 2005 with 80/20 loans and refinanced in 2006 with closing costs added – piggybacked again with 88/12 loans. Surprisingly no cash was extracted. “Buyer” put nothing into the property and has lost nothing as there is probably a snowball’s chance in hell that the property is worth what was paid for it. [/quote]

Look at it this way. He is now an owner of half an acre of nearly worthless land adjacent to the 15 freeway, and he has $500k of recourse loans on that land.[/quote]

Is it still recourse loan if he didn’t cash out during the refi?

[ybitz]

Awesome…thanks Flu. I converted my investor grade shares to admiral shares.

Vanguard Total Stock Mkt Idx Adm (VTSAX) admiral shares has an expense ratio of 0.07%. Wow!

[ybitz]

Awesome…thanks Flu. I converted my investor grade shares to admiral shares.

Vanguard Total Stock Mkt Idx Adm (VTSAX) admiral shares has an expense ratio of 0.07%. Wow!

[ybitz]

Awesome…thanks Flu. I converted my investor grade shares to admiral shares.

Vanguard Total Stock Mkt Idx Adm (VTSAX) admiral shares has an expense ratio of 0.07%. Wow!

[ybitz]

Awesome…thanks Flu. I converted my investor grade shares to admiral shares.

Vanguard Total Stock Mkt Idx Adm (VTSAX) admiral shares has an expense ratio of 0.07%. Wow!

[ybitz]

Awesome…thanks Flu. I converted my investor grade shares to admiral shares.

Vanguard Total Stock Mkt Idx Adm (VTSAX) admiral shares has an expense ratio of 0.07%. Wow!

[ybitz]

[quote=sdgrrl]Hey All,

My editor wants me to find as many finished or about to be finished condo developments and do a business profile on them. It’s pretty tough as many have been converted to apartments and he does NOT want townhouses or attached homes. He wants one per neighborhood- I threw up in my mouth, but smiled outwardly

There are plenty in downtown and I’ve found some in North County and Chula.

My list so far is:
all the Boza developements
Smart Corner
Alicante
Harborview Condos
Tapestry @ Lomas Verde
Sunset Cove…though I think these are townhomes
Sapphire Tower
Aria
Avellino at La Costa Greens
Aragon..they try and say they are attached homes, but even realtors are calling them condos…what do you think? In?
La Boheme…throwing in that one for space
Bridgewalk at Del Sur
Laurel@ Old Creek Ranch…some call it a townhome- some call it a condo?
Temecula Creek Condominiums
Crosby Villas- doesn’t count…
The Mark
Breeza
Atria on Market
The Legend at the Ballpark
Artesia
The Grande at Santa Fe Place
The Pinnacle Museum Tower
National City Harborview Condos

Anything I am missing here folks? I can’t think of/find anything else. I know a condo development is planned in OB, but the land was just purchased in August so it will be another 1.5 years at least.

Looking for help- any help at all.

Thanks,

Shannon[/quote]

isn’t Bridgewalk at Del Sur a single-family home, not condo?

[Author]

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