Recent content by redline122_IHB

I am amazed at the walkaway of $1.2mil. I am equally amazed as to how someone at Hanmi thought that $5mil note on a house that was merely purchased a month prior went up by $800K. Something smelled fishy to me - fraud perhaps?

There are a few things to consider when purchasing the house (regardless of where it is): 1. First and foremost... do the NUMBERS make sense. The 33% discount you are referring to is a misnomer. Discounts are given as a courtesy... what you are referring to is the decline in the home prices...

FAMOUS PARTING WORDS... Doesn't anyone learn... that speculative buying doesn't pay off?! Hopefully, the chap that said this is planning on holding for more than 3 years! ;)

I know... the quoted is a little old... but LR...in your attempts to sound smart, remember... CAVEAT EMPTOR means..."Let the buyer beware". For all those people that used their homes as ATMS, or to those individuals that should have continued to save and not buy based on speculation... the...

Being sentimental can be very costly and typically clouds judgment when trying to make sound financial choices. As for the $75K, that's if you can get someone to consider buying the house at your price correct? Anyhow, good luck.

Too bad it's a short sale price. I'm sure the lender is fishing for a bidding war.

Are you referring to Rich Dad, Robert Kiyosaki?! ;)

Doctors don't necessarily have to be the best! :| I suppose it could be like any other profession... just doing it half-assed. I wonder how this individual prioritizes the four items (A thru D)... but you forgot to list item E... planning/having a family - as was originally posted. Sheesh...

Wow, this reminds me of the time that I went shopping with my wife for a new purse. As seldom as my wife shops, I can support her on her few visits to the store :) . Anyhow, the lady at the counter asked me if I wanted to open a new credit card and save an additional $40 on the new purchase -...

Remember the lemming. ;)

Around what time (AM or PM) should frank open escrow?! I'm sure he will appreciate a more precise prediction ;)

IR, that is quite the euphemism! LOL! I can just see that in an MLS listing... liberated toilets and sinks! Some poor sap would think that could be a good thing!

Iron, What is the criteria you have been using for your Redfin search? Describe what you have been entering into the Redfin search wizard. Area of Interest: (neighborhood name, or zipcode?) Property Type: (SFR, Condo, Townhouse?) Types of Listings: (MLS, MLS-foreclosed, FSBO, Bank-owned...

I didn't know I could vomit, then swallow, and vomit again... It's individuals like this that make me repeatedly nauseous. How about she liquidates all of her RE holdings to payoff what she owes on her own house?! What an unconventional solutions eh?! Uh... no.

CalGal, Hmm... how about lending to him if he is willing to fully document his income/assets/etc.... just like what the banks are doing? And how about asking to take a position on his now-depreciating home? For all you know, he is defaulting on all of his notes. The fella must be desperate -...