The worst case scenarios is losing $300, but the upside is unlimited, if it already rented out, it already generates income for the FB.
Posted by Anonymous on 10/25/06 at 01:44 PM
Quick question guys?
How do you find out how much down payment is placed on a home during purchase?
Or how much HELOC is taking out by the owner on a home?
Thanks in advance! ——-
Posted by anony on 10/25/06 at 02:11 PM
these are great units, but i can’t afford 600k. maybe 300k, since they’re still considered condos.
i think there are some of these models in foothill ranch, anybody know how those are going?
Posted by NanoWest on 10/25/06 at 06:39 PM
Now that I see that this house has a newly painted garage door, I understand why someone would pay so much money. With a painted door this place must be worth at least 3/4 of a million dollars. I bet there is a line of highly qualified buyers bidding this one up !!!!!!!
Posted by anonymouse on 10/25/06 at 10:27 PM
This is fast-track to REO-land. Nobody will be stupid enough to bid at the foreclosure auction, and judging from the down payment, there isn’t a whole lot of wiggle room on the part of the FB.
$300 down? Have we no shame? Has the FB even made one payment on this one? I have my doubts.
Anonymous, the title companies have loan information regarding all properties. When someone purchases a home, it lists the purchase price and the loans taken out. I simply add the loans numbers up and subtract from the purchase price. It’s scary how often you come across homes that are 100% financed.
I’m not sure but RealtyTrac might have even more detailed information on loans. But perhaps it is only for properties in the foreclosure process. OC_FlipTrack would know more.
Realtytrac has info on foreclosures and REO’s, but little else. Their site is actually kind of disorganized and crappy. I wonder if foreclosures.com is any better.
Posted by anon-e-mouse on 10/27/06 at 01:37 AM
As someone who used to work at RealtyTrac, I can wholeheartedly say that it is disorganized and crappy.
MLS shows that they are currently accepting Backup Offers and the price is at $603,000. We’ll have to wait until it actually closes for the final price.
146 Cherrybrook is also accepting Backup Offers and the price listed is $590,000.
Posted by Jerry on 10/25/06 at 10:33 PM
The worst case scenarios is losing $300, but the upside is unlimited, if it already rented out, it already generates income for the FB.
Posted by Anonymous on 10/25/06 at 01:44 PM
Quick question guys?
How do you find out how much down payment is placed on a home during purchase?
Or how much HELOC is taking out by the owner on a home?
Thanks in advance!
——-
Posted by anony on 10/25/06 at 02:11 PM
these are great units, but i can’t afford 600k. maybe 300k, since they’re still considered condos.
i think there are some of these models in foothill ranch, anybody know how those are going?
Posted by NanoWest on 10/25/06 at 06:39 PM
Now that I see that this house has a newly painted garage door, I understand why someone would pay so much money. With a painted door this place must be worth at least 3/4 of a million dollars. I bet there is a line of highly qualified buyers bidding this one up !!!!!!!
Posted by anonymouse on 10/25/06 at 10:27 PM
This is fast-track to REO-land. Nobody will be stupid enough to bid at the foreclosure auction, and judging from the down payment, there isn’t a whole lot of wiggle room on the part of the FB.
$300 down? Have we no shame? Has the FB even made one payment on this one? I have my doubts.
Posted by zovall on 10/26/06 at 08:47 AM
Anonymous, the title companies have loan information regarding all properties. When someone purchases a home, it lists the purchase price and the loans taken out. I simply add the loans numbers up and subtract from the purchase price. It’s scary how often you come across homes that are 100% financed.
I’m not sure but RealtyTrac might have even more detailed information on loans. But perhaps it is only for properties in the foreclosure process. OC_FlipTrack would know more.
Posted by oc_fliptrack on 10/26/06 at 12:43 PM
Realtytrac has info on foreclosures and REO’s, but little else. Their site is actually kind of disorganized and crappy. I wonder if foreclosures.com is any better.
Posted by anon-e-mouse on 10/27/06 at 01:37 AM
As someone who used to work at RealtyTrac, I can wholeheartedly say that it is disorganized and crappy.
Posted by oc_fliptrack on 01/03/07 at 12:45 PM
Foreclosures.com wasn’t any better. I cancelled.
I wonder if foreclosure.com (minus the “S”) is any better.
Posted by sold in March 06 on 01/04/07 at 04:57 AM
Check out 144 St James, 92606
http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=L21470&page=1&property_type=CONDO&mls=mls_so_cal&cKey=16smz42h&source=SOCALMLS
I believe this was bought in April/May(?) 2006 on 100% at $735k and it now in preforeclosure.
Posted by New OC on 01/23/07 at 05:14 PM
I live nearby and rode by today to see what was cooking in this neighborhood. Much to my surprise, I found a SOLD sign out in front of this flop.
This was especially surprising as I counted 5 other homes in this neighborhood for sale and 2 others for Rent.
Most of the competition was listed around 599K. (One guy thinks he can still get 699K).
At any rate, it will be interesting to see #1 if this sale goes through and #2 if so, what the final price was.
If anyone knows, please post it.
Posted by zovall on 01/24/07 at 05:10 AM
MLS shows that they are currently accepting Backup Offers and the price is at $603,000. We’ll have to wait until it actually closes for the final price.
146 Cherrybrook is also accepting Backup Offers and the price listed is $590,000.