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Hi graphix, what is NTS ?

Thanks ipoplaya!

So why would a buyer purchase a short sale home at comps and wait perhaps upto several months for it ? When she / he could purchase a similar home for sale from an individual for the same price ? Is it true that the lender's alternative to accepting the short sale would be to do a...

Thanks IrvineWorker and EvaSeraphim

Skek, Thanks!

SoCalGal and skek thanks :-) How about REOs ? Situation # 1Actually by motivated seller, as skek has pointed out, I meant someone who's taking a loss..but wants out before a short sale or foreclosure. Skek.. so let's say a short sale is listed at comps. Clearly, it should sell for...

Thank you skek, CalGal, jcaraway, IrvineWorker and SoCalGal for your comments ! Ok...follow up question: Which type of owners are the easiest to negotiate with / give lowest price : - REO - Motivated Seller (possibly underwater, but non short sale) - Short Sale

CalGal, Very true. Prices are likely to decline further. Question is how much ? I heared someone say: "The bottom of the market will always be behind you". We won't know it's a clear bottom until prices are swinging up again, in which case the bottom is missed anyways. Any thoughts ...

Hi Everyone, I'm currently in the market to buy a Condo in Irvine. Several I've looked at are short sales. How does one price the offer? I understand looking at the comps, outstanding mortgage the current owner owes the banks is a good reference. Any other things I should factor in...

How is the Quail Hill community like for single people ? I love the modern architecture, being close to freeways, beach (via 133) and the Irvine Spectrum. I'm looking at getting a condo.