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Wow. 200K post-escrow drop right across the street? I didn't expect that (and lets get real, nobody here would). That's 500K off peak? (depending on how you count the upgrades). If your deposit was 25K, I'd personally be hesistant to go through with it. What did your lender think? It...

GasJockey - Sorry to hear about the stressful situation. Would you provide more specifics? Especially the builder and the amount of the price reduction? And where in the escrow process you are! Eg. closing tomorrow OR just signed the contract. Look, nobody likes to look like a fool...

Not that I am trying to be harsh, but you must really be kidding that you are so impressed with your loan that you'd post it here, after the fact(?), and seek a pat on the back. I can only hope that you are meaning to communicate that you are close to closing such a deal and are looking for...

Pay very close attention to the rate sheet. I'll use a 30-yr, conforming mortgage as an example. They appear to quote 6.375% for zero points and a 30-day lock. Good deal right? Well, maybe. Look at the "typical conforming adjustments" block. First, we have a flat $999 flat administative...

I think it sold. I think that Lennar dropped the price of that albatros to get rid of it. Meanwhile, the subsequent phase has long since sold out as well. The question at this time is "when" will the next phase (probably on Paperbark) be released.. and what will it cost... and as...

So what is the deal with Villa Rosa? Those homes almost seem like they are playing by different rules... I've watched jumbo loan products go through the roof in the last 3 months... and I haven't seen this have much of an impact. The most I heard of was a 20K incentive. On a million dollar...

92620 was actually UP year over year?? With Northwood getting slaughtered, I can only reach one of two possible conclusions. First, the survey was conducted by a group of drunks. Alternatively, Woodbury is experiencing sufficiently strong sales to salvage the rest of the zip code?

Congrats on the high household income. Here is my "two cents." Reduce 401K contributions enough to ensure getting the full employer match. Save the rest in a money market, etc. "Borrow" from your 401K only to the extent you need to - to get to 20%. Shop the cost of money like crazy...

Two 25 year old making 130K per year? Sounds like you are doing pretty good for yourself. Be patient. Pay off any student loan debt you may have. Save. Invest. You cannot possible compete with the volume of people that have been landowners for the last 5-7 years, or the ocean of...

Anyone have an update on Villa Rosa - and more importantly, whether the inflation we are all dealing with has had an impact on the pricing? Last time I checked, they had sold three of the homes on (busy) Winding way. It seems that 30-year interest rates have increased a bit since Jan-Feb...

GOTTI - Don't be too turned off the the "prequalification" nonsense. Most new home builders that I have seen have similiar "requirments." They mostly do this to see if you will use their mortgage unit... just like the way they steer you towards their design centers... its just a way to make...

It seems that a deposit will require two things (1) opening escrow and (2) a purchase agreement. The purchase agreement will in turn require a price! Why commit to a price today, that may be lower down the road? However, if you need someone to hold 30K that you can't find a place to store, I...

N_V_ How the real world works? Exactly, American businesses behave in a most un-American way... completely complicit in the illegal labor they employ. I'd be instituting some severe employer sanctions... but then what happens? The local U.S. rep gets an ear full from his local...

I just love that avitar. I keep seeing that guy making your arguments.

I think that the next release is scheduled for July (I don't know if that is phase 8 or 9)... and those homes will be on Paperbark - lot less traffick...the big question is whether the incentives for the high-traffic zone on winding way will be offered on the paperbark homes....I've also noticed...