there will be more and more of these as times go bye...most will be loan to own by vultures...a lot of whom are going to eat something they don't like too.i wouldn't touch a loan with more than 50% ltv anywhere in norcal now.these vultures will loan to 65-70%.
I had a reator tell me today that the reason the prices have come down this past 2 months was because we had 2 really wet months...they said , ya better buy now cause it will go back up ...I couldnt believe what they had just said ../////?????????????
That's what they are all saying... that the rain kept buyers away and so some of the sellers who had to sell had to lower their prices and now that the weather is nice again, people will be out looking for houses and the prices will go back up. Heard that one in Sonoma too.
I really want to call this realtor back in a couple of months haha. EVERYONE is waiting to see what happens and also watching it drop week by week and month by month.
8 comments:
Thanks to the reader who snapped this photo after seeing it in his Stockton neighborhood.
I need that number! :)
I need that number! :)
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1-800-desperate
there will be more and more of these as times go bye...most will be loan to own by vultures...a lot of whom are going to eat something they don't like too.i wouldn't touch a loan with more than 50% ltv anywhere in norcal now.these vultures will loan to 65-70%.
I had a reator tell me today that the reason the prices have come down this past 2 months was because we had 2 really wet months...they said , ya better buy now cause it will go back up ...I couldnt believe what they had just said ../////?????????????
That's what they are all saying... that the rain kept buyers away and so some of the sellers who had to sell had to lower their prices and now that the weather is nice again, people will be out looking for houses and the prices will go back up. Heard that one in Sonoma too.
I really want to call this realtor back in a couple of months haha. EVERYONE is waiting to see what happens and also watching it drop week by week and month by month.
anonymous,the next excuse for no buyers will be 9/11.
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