Reo with Price increase over NTS

NEW -> Contingent Buyer Assistance Program
Shouldn't the question you should be asking is why is a house in Rancho Cucamonga selling for nearly a million dollars? Sure it's a nice house on a big lot, but it's still Cucamonga.
 
[quote author="ABC123" date=1251697075]Shouldn't the question you should be asking is why is a house in Rancho Cucamonga selling for nearly a million dollars? Sure it's a nice house on a big lot, but it's still Cucamonga.</blockquote>


Some people need to live in the "inland empire." If I had a job in Orange county, I would be there in a heart beat, but at last, I got a job in Loma Linda. Rancho Cucamonga and Chino Hills are the two of the most "expensive" city to live in San Bernardino. The Northern part (North of 210) is not bad, you got views of the moutains and city lights, its not too congested, and the schools are rated rather high.



Plus that house I listed is 5800sf for <1mil. I have a feeling that if you came in and offered 800k cash, they would accept it. I'm not interested in this particular house because its facing the wrong direction(I like city lights in the back, not mountain views), and that there's a "4" in the address (wifes veto).
 
[quote author="xoneinax" date=1251695156]Looks like the bank took it back at the Trustee Sale, and has hired someone to sell it for them ?

Cash vs Credit</blockquote>


that's my point, if they couldn't get 800k for it a month ago, how are they going to get 970k for it now?



the follow up question: When the Trustee auction sold price is listed, is this the final price that the bank paid? Is there any other money paid that is not listed in that amount?
 
[quote author="autox" date=1251699027][quote author="xoneinax" date=1251695156]Looks like the bank took it back at the Trustee Sale, and has hired someone to sell it for them ?

Cash vs Credit</blockquote>


that's my point, if they couldn't get 800k for it a month ago, how are they going to get 970k for it now?</blockquote>


The pool of buyers at that $800K mark is about 10 people who have to make a decision based purely on speculation in a matter of about 45 seconds. The pool of buyers at the $970K mark is the rest of us, with unlimited time and investigative resources (and recourse).



-IR2
 
[quote author="autox" date=1251699027]that's my point, if they couldn't get 800k for it a month ago, how are they going to get 970k for it now?</blockquote>Credit
 
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