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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?

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

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...

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.

SoCal78, I skimmed this thread and am sorry the negotiations didn't go as well as you expected. One thing to remember is to do the math. Finding a new home is a very emotional event in everyone's life but it's time like this I recommend that you take a step back and calculate what it means...

109 Canyon Crk is back up to 6,995,000 as of 9/2/2008. Just missed it on the crosshairs of my ultimate-deal-snipe!... Uh no... ;)

BV, Welcome to the OC and especially OH! I live across the street in Northpark. I can say that you have picked one of the newest and nicest IAC properties! Enjoy the nice walk to the Pavilions Market, and outdoor dining! :)

gJ, Congratulations on taking one step into homeownership - forwards or backwards that still up for debate here, but not in your household. ;) Yes, these maybe changing times in the housing market - plummeting prices, mortgage volatility, etc. At the end of the day, you are entitled to...