41 Stowe and 33 Triple Leaf in Woodbury

NEW -> Contingent Buyer Assistance Program
E

escrowbear_IHB

New member
Does anyone know what's going on with these properties?



41 Stowe was on market for a long time and I don't see it on Redfin anymore

33 Triple Leaf has been in escrow for a very long time. What's the deal?
 
[quote author="escrowbear" date=1217033396]Does anyone know what's going on with these properties?



41 Stowe was on market for a long time and I don't see it on Redfin anymore

33 Triple Leaf has been in escrow for a very long time. What's the deal?</blockquote>


Triple Leaf is a short sale and may never make it to the finish line.



Stowe is listed as "On Hold" and is also a short sale.
 
We walked by 33 Triple Leaf just last night. It was looking rough with the overgrown landscaping. It's sad to see such a nice (if overdone on the interior) house be neglected.
 
The owner of Stowe has already walked on one of the 3 homes he owns, er owed. <a href="http://www.irvinehousingblog.com/blog/comments/in-hock/">IR profiled the home that went back to the bank back in May</a>. The bank took it back for $600.5k. The foreclosure auction for his Stowe property is 8/27 at the Placentia 10am auction. He sold his Aliso Viejo condo, but after commissions, he didn't pocket much money.
 
[quote author="graphrix" date=1217135601]The owner of Stowe has already walked on one of the 3 homes he owns, er owed. <a href="http://www.irvinehousingblog.com/blog/comments/in-hock/">IR profiled the home that went back to the bank back in May</a>. The bank took it back for $600.5k. The foreclosure auction for his Stowe property is 8/27 at the Placentia 10am auction. He sold his Aliso Viejo condo, but after commissions, he didn't pocket much money.</blockquote>


I think you take the money you have in the bank and investments and multiply it by four to get your net worth. At least thats what one of the mortgage brokers told me to do when I was thinking about buying in 2005...



Maybe I should change my name to 25w400k+ :-)
 
I remember a few weeks ago we spoke with the selling agent for Stowe. She said that the bank wanted 1.28M for it. So I guess the bank (WAMU?) never got that price.
 
[quote author="25w100k+" date=1217142855][quote author="graphrix" date=1217135601]The owner of Stowe has already walked on one of the 3 homes he owns, er owed. <a href="http://www.irvinehousingblog.com/blog/comments/in-hock/">IR profiled the home that went back to the bank back in May</a>. The bank took it back for $600.5k. The foreclosure auction for his Stowe property is 8/27 at the Placentia 10am auction. He sold his Aliso Viejo condo, but after commissions, he didn't pocket much money.</blockquote>


I think you take the money you have in the bank and investments and multiply it by four to get your net worth. At least thats what one of the mortgage brokers told me to do when I was thinking about buying in 2005...



Maybe I should change my name to 25w400k+ :-)</blockquote>




heh, well either you have (in your possession) one or the other.



but buying at 4x income is so 2005.



2008 it is 3x



will it be 2x in 2009?
 
You must log in or register to reply here.
Back
Top