50% of mortgage holders are unable to move without a short sale

Nov 22nd, 2011  
by IrvineRenter  in Library News

Astute Observations

Astute Observation by Perspective
2011-11-22 10:11 AM

I saw neighbors moving out this weekend from a house that’s been on the market as a short sale for months.  Last night their garage was open.  It’s being used as a staging area from everything they’re stealing from the house.  There were appliances and even interior doors stacked-up.  How much is an interior door worth on the black market?

I guess we’re all 909ers now…

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Astute Observation by SanJoseRenter
2011-11-22 11:23 AM

Urban Dictionary: 909er Definition

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Astute Observation by Perspective
2011-11-22 11:41 AM

Nice!  I expected that to be a kind description of the area covered (traditionally) by the 909 area code.  However, it’s a detailed accurate description of the the meaning of the term.

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Astute Observation by irvine_home_owner
2011-11-22 11:24 PM

So can I be a 949er?

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Astute Observation by Duran
2011-11-23 01:12 AM

I had to laugh at this excerpt from Urban Dictionary: “Don’t prototype us…”

people that live in a town with the areacode 909 in southern california some people think of it as an insult but its not my phone number is 909-***-**** and my neighbor is a moviestar and lots ov people where i live are like super rich and act just like “flatlanders” or people from long beach and huntington beach

i live in lake arrowhead ca please dont prototype us just like the oc theres people that are super rich and snobby, middle class and some lower class nobody gets to choose what there areacode is so who cares seriously

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Astute Observation by IrvineRenter
2011-11-22 11:36 AM

It’s amazing what people will justify in their own minds. I had a house were the people removed the doorknobs from every door in the house. What are 10 doorknobs worth on Craigslist? $10?

I have to wonder if the people trying to resell the doors really believe those are personal property? The appliances—at least the ones that are not built in—are personal property, but everything attached to the house is part of the real estate.

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Astute Observation by wheresthebeef
2011-11-22 10:14 AM

To sweeten the deal, Chick Fil A could offer free lunch for the next 5 years to some sucker!

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Astute Observation by SanJoseRenter
2011-11-22 11:30 AM

Chick Fil A’s HQ is in Atlanta, so I wonder what the story is here.

I guess they relocated/hired an executive from Irvine to work in Atlanta and ate the house loss when it didn’t sell in a few months?

BTW, you wouldn’t believe the relocation expenses that the USPS was eating until recently.

They were basically eating house losses for anybody that wanted to transfer, not just executives. It was actually a strategy for some posties to get out from under their upside-down mortgages.

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Astute Observation by IrvineRenter
2011-11-22 11:37 AM

“It was actually a strategy for some posties to get out from under their upside-down mortgages.”

People will never exhaust their options for gaming the system.

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Astute Observation by SanJoseRenter
2011-11-22 12:05 PM

link:

cnn.com: Postal Service to pay less for homes to relocate workers

“A CNN investigation revealed in February that the Postal Service had no limit on the amount it would pay for a home of a relocating employee. It paid more than $1 million for 14 homes in the past five years.

That included $1.2 million for an 8,400-square-foot, six bedroom lakefront home in Lake Wateree, South Carolina.”

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Astute Observation by wheresthebeef
2011-11-22 12:24 PM

The US Postal Service needs to go the route of the buggy whip.  They could literally reduce delivery to one or two days per week and it probably wouldn’t affect 99% of the population.  Good luck breaking up this government union monster, there will always be plenty of taxpayer money to make up the difference.

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Astute Observation by Newbie2008
2011-11-22 02:25 PM

The USPS house for 1.2 million $ looks like it can sell for that amount.  I wish I could buy a house like that in Irvine for that price. The million is near construction cost.

As for the average loss upon reselling USPS houses, it doesn’t look bad because there’s the normal 8% fees for RE agent and 2% closing cost, plus ?% reloc handling fees. 

Ads on Craiglist for used built-in appliances for big buck.  Completely unrealistic prices even for a legit sales.  Way over the top if it for squatter stripped property, but then again one needs to consider the mind set of the seller/squatter.

Better buy fast or be priced out of the market.  :]

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Astute Observation by Duran
2011-11-23 01:44 AM

Sometimes one can make an area sound a little Posher by translating it into to French, except when it comes to “909”

Unfortunately, even saying “I live in the neuf 0 neuf” will still make everyone wonder where you went wrong in life.

Having said that “côté de la rivière” (Riverside)does sound pretty appealing don’t you think?

“J’aime à conduire autour côté de la rivière dans mon camion Chevy de gaz gourmands surdimensionné avec ma casquette de baseball à l’envers”.

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