Recent content by newbie2008_IHB

Investor, possible flippers, knife catcher, buying at auction are helping clear the FC problems. They use cash, so the banks can unload them and limit their loss. If the investors weren't around and the banks keeps them as shadow inventory the supply would be very limited and prices even...

Was 20 Silver Crest half way through the remodeling before FC and then sat on the market for almost a year? So no payment for one year. I think there are some FC in TR asking for 15% 20% below the prior sales (data was removed from Zillow and Redfin). Three OH's today and almost no visitors...

Why do you rob banks? That's were the money at. Leave your purse at home. Just take your keys and essentials to the pools. The keys should not have an apt. number on they key chain. Don't take your car keys with a remote or garage door opener. Total security is an illusion, but being alert...

The Costco hot dog and chicken has gotten bigger. Hot dog is the same price and the roasted chicken has gone down in price. Wholesome Choice food court on the smaller meals.

Talk with a RE tax accountant or RE lawyer. I think there's a special tax freeze for property for the elderly, even when purchasing a more expensive house.

Jimmy did say were the bottom is. Utah? MO? For OC, CA, my bet is about 2 +years for . It would of been 1.5 years except all the monkey business by the Feds and CA to delay the process.

What determines a good neighborhood is who lives there. Look at the mature tree, large yards, great landscapes and mansions on Adams St. in L.A. It went from the place to be, the place not to be, and after 40 years in the dumps, it return but not to its original glory. The mansions and large...

Capital requirements will be useless if the older banks/leaders are allow creative mark-ups on their toxin assess. The new banks may be kept out of the market by a high capital requirement since their good debt is accurately account. Old: high capital with funny books New: Lower capital...

From what I read, the SD W was a walkaway. The parent corp. still has money, but did the math. With the slow business creating negative operating income and making up the paper loss on the property was unlikely, it was cheaper to just lose the down payment on the property. I don't know if the...

Mazy, You seem to be able to do math. You're ahead of the game. With property taxes, HOA, M-R assessment, we really all renters. Only $6846 per month plus opportunity cost, maintenance cost, M-R (if any), HOA, etc. to own. What can you rent alot for $5000 per month? Sadly to say, most...

Most of the so-called preventing foreclouse is just delaying foreclosure and keeping the banks solvent (at least on paper).

I saw some tv program on renters who paid in advance and remodeled only be have the house foreclosed and evicted with no owner to be found. The program reported the tenant was out $10,000 and left the remodel appliances behind because of the extreme short notice. Renter did see some NOD, but...

A home is an excellent investment. Houses and rental properties are another question in these times.

Homeless Newbie, Not legal advise. As for the MethLab, most leases that I've seen have provisions for eviction for making the place unsafe, illegal, etc. If they are making break the lease and are in jail/prison, it looks like they will essentially evicted by the police. If I owned the...

I have a question from the other end. How does the tenant that pays in advance know that the house will not be foreclosed? A relative got a lower rent for a years payment in advance on a 4 years lease. The house was purchase at the near the end of 2005. I don't know the credit of the...