Posted on 02/27/2006 11:39:57 AM PST by iPod Shuffle
Cute cartoon. Oh and this is why myself and my darling wife are going to be looking hard a foreclosure in a few years to move up.
The sky is falling!
Call Gary North - he'll know what to do!
30,000 homes for sale in Maricopa/Pinal County Arizona, and more being built....some stalled....
I was staying at my buddies last week. 5 For Sale signs on his street, 4 on the next street, 6 on the street after that.
That is a healthy market for sure!
In North Korea there are probably no unsold homes.
ML/NJ
Seems like in the last few weeks lots of houses have hit the market here in Southern California.
Oh my. Now you got me scared.
I since the same thing. People who are on the bubble are ditching their homes. @ new signs went up on my street this weekend.
Drove by Toluca Lake Ca. Tons of open houses. I could not believe it. Went through three of them. All over one million dollars.
How does that work. Do you have to pay cash to buy?
Several ways, buy from the bank, or the home owner before he goes under, or from the sheriff's auction. The first two work almost like any other deal.
There are a lot of people who used hinky financing to buy more house then they could afford. Many will be in trouble in a few years.
I see plenty of Sheriff Sales in my area. Just curious, good luck!
There's a new condo development that recently went on the market... Silverlake area. 400k + for 1 and 2 bedroom units, and its immediate neighbor is a lube & oil biz! Old power lines/poles surround the new construction.
About a month after it opened, there were about 8 different for sale/lease signs at the front of the building. Obviously, 'investors' snapped up units while it was being developed, with the idea of immediately flipping, once construction was complete.
Many of those you can go to with a letter of proof of loan. Call the sheriff's office and find out the rules.
/sarcasm
"How does that work. Do you have to pay cash to buy?"
No, you don't. But, there are pitfalls to buying foreclosures, mostly related to owner neglect. Title insurance is a must, too.
Just curious but as the housing market grows wouldn't everything else along with it? More people own homes than ever before so it would stand to reason that more are on the market?
"More people own homes than ever before so it would stand to reason that more are on the market?"
You'd think so, but we shouldn't let logic get in the way of a good, scarey headline, lol.
That is like the $500k condos in Burbank. Village Walk is what they are called. Not too many of them sold. Olson Co. is the developer...they have some big stuff in Pasadena too.
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