50% Loss in Real Estate (or more)

NEW -> Contingent Buyer Assistance Program
[quote author="Geotpf" date=1239831912][quote author="acpme" date=1232091737][quote author="stepping_up" date=1231581290]

<img src="http://i-0.rfimg.us/photo/46/bigphoto/756/P670756_0.jpg" alt="" /></blockquote>


i love how this house has a satellite dish on the roof, but the grass is disheveled and the "as is" listing indicates the inside is likely a hot mess as well. the previous owner probably could not live without DirecTV... but maintaining your home, making mortgage payments, and general fiscal responsibility? well, those things are optional.</blockquote>


Basically every single REO I've seen has one of those sat dishes (either DirecTV or Dish Network) left over on the roof. It's gotten to be a joke between me and my realtor. Doesn't anybody subscribe to cable? Plus, don't the sat companies want their freaking dishes back?



As for the "as is", basically all REOs are like that. It's not indicative of the condition of the house. They could be perfect inside, or completely trashed.</blockquote>


When we moved from our last place, the sat. company (dish network) told us to take it down ourselves. They only wanted the piece sticking out of the dish-they couldn't care less what happened to the dish/stand. If my house was in foreclosure, taking down the dish would probably be the last thing on my mind lol
 
[quote author="tmare" date=1239787881]

Something was seriously amiss when this one sold almost exactly one year later for 44% less. What is up with that? Did we drop 44% from 7/07 to 7/08? Who lost this money, the bank or the seller? And what exactly caused the next seller to choose to sell exactly 7 months later at a loss? The current bagholder is the one who bought for 44% less and still can't sell for close to 20% off of the price they bought it for.</blockquote>


Fraud much?
 
[quote author="caycifish" date=1239835551][quote author="tmare" date=1239787881]

Something was seriously amiss when this one sold almost exactly one year later for 44% less. What is up with that? Did we drop 44% from 7/07 to 7/08? Who lost this money, the bank or the seller? And what exactly caused the next seller to choose to sell exactly 7 months later at a loss? The current bagholder is the one who bought for 44% less and still can't sell for close to 20% off of the price they bought it for.</blockquote>


Fraud much?</blockquote>


Exactly what I was thinking.
 
Bank took it back from the bozos who paid $700K (WTF?!?) in 2006, and now have it listed at 53% off that price. That's gotta hurt. We are inching towards solid 2002 pricing in Anaheim now. I would even hesistate to call that neighborhood the ghetto. It's ghetto compared to Irvine, but it's not acres of old apartments either.



<a href="http://www.redfin.com/CA/Anaheim/620-S-Arden-St-92802/home/3997958">http://www.redfin.com/CA/Anaheim/620-S-Arden-St-92802/home/3997958</a>



620 S Arden St

Anaheim, CA 92802



<strong>Price: $329,900 </strong>



Beds: 4

Baths: 2

Sq. Ft.: 1,572

$/Sq. Ft.: $210

Lot Size: 6,353 Sq. Ft.



Property History

May 29, 2009 Relisted -- -- SoCalMLS #P669825

May 19, 2009 Delisted -- -- SoCalMLS #P669825

May 01, 2009 Relisted -- -- SoCalMLS #P669825

Mar 18, 2009 Delisted -- -- SoCalMLS #P669825

<strong>Feb 26, 2009 Price Changed $329,900</strong> -- SoCalMLS #P669825

Dec 31, 2008 Listed $344,500 -- SoCalMLS #P669825

Aug 18, 2008 Sold $596,222 -9.2%/yr Public Records

<strong>Dec 18, 2006 Sold $700,000</strong> 11.5%/yr Public Records

Dec 01, 2004 Sold $560,000 32.7%/yr Public Records

<strong>Sep 17, 2002 Sold $300,000</strong> 14.2%/yr Public Records

Jul 17, 2000 Sold $225,000 -- Public Records





http://media.cdn-redfin.com/photo/46/bigphoto/825/P669825_0.jpg
 
I was noticing that in far west anaheim, there is a neighborhood of quarter acre lots with nice 2500sf houses, mostly 50s customs, i think.



That, and the really nice customs on the half acres north of lincoln east of downtown.



There are some real gems of neighborhoods in anaheim. Too bad about the schools.
 
You must log in or register to reply here.
Back
Top