"4 weeks and then all hell breaks loose"

[irvine_home_owner_IHB]

You have a very large ax to grind.

I'm not the one who feels he needs to protect people and calls other liars.

I'm just supporting my opinions with not only actual data but personal observance and experience (which is important in real estate). I have friends/relatives who live in the area under question so I have a pretty good sense for relative value, living conditions and that neighborhood and you have yet to tell me what yours is.

Let's not let reality get in the way here.

 

[usctrojanman29_IHB]

Wow, this thread got interesting really quickly. I'll make one quick comment, if you are going against the flow on the forum...please have some good analytical data to back up position. If you do, you will be that much more respected around here. IHB is not for the weak of heart...it's THUNDERDOME (someone post up a picture of Mad Max Beyond Thunderdome). I'm a little upset that all the juicy stuff happens when I'm at work away from the computer.

 

[acpme_IHB]

I think it's fair. If you can't back up your numbers, getting destroyed in front of thousands on the internet is the price you pay. I don't like the "be nice policy".

100% absolutely agree...

seriously now, when you respond to a questin about loan mods with an answer like:

They put it in writing and mail it to you for you to sign. You are still wrong.

... what kind of responses should one expect?

 

[trrenter_IHB]

I think it's fair. If you can't back up your numbers, getting destroyed in front of thousands on the internet is the price you pay. I don't like the "be nice policy".

100% absolutely agree...

seriously now, when you respond to a questin about loan mods with an answer like:

They put it in writing and mail it to you for you to sign. You are still wrong.

... what kind of responses should one expect?

I was going to respond witn "neener, neener, neener" But I was afraid I might get banned LOL.

 

[RobertLarsen_IHB]

Wow, this thread got interesting really quickly. I'll make one quick comment, if you are going against the flow on the forum...please have some good analytical data to back up position. If you do, you will be that much more respected around here. IHB is not for the weak of heart...it's THUNDERDOME (someone post up a picture of Mad Max Beyond Thunderdome). I'm a little upset that all the juicy stuff happens when I'm at work away from the computer.

No matter if you're going with or against the flow, post good analytical data. Show your knowledge with cited data, and just ignore the personal/angry attacks. If you think someone is an idiot for saying something, say why and support it. All-in-all, this forum has surprised me, in a good way. Much better than I expected it to be.

 

[NewportSkipper_IHB]

This conversation is truly absurd. I'm rather proud of the hard facts I documented throughout this thread. Spinning it into nothing isn't working. And if I recall, no credentials have been posted by anyone. My facts are easy to disprove, but they haven't been. I anxiously await more evidence to the contrary.

Did I prove homes that were REO in fact closed escrow? Yes

Did I prove loan mods don't require a max LTV of 105%? Yes

Did I prove loan mods don't have a 38% backend ratio? Yes

Did I prove Tustin can be had under $150,000? Yes

Did I prove rents up to $1,400 on similar units? Yes

How many verifiable facts does a person need to have to not be called nothing more than a liar?

 

[usctrojanman29_IHB]

Wow, this thread got interesting really quickly. I'll make one quick comment, if you are going against the flow on the forum...please have some good analytical data to back up position. If you do, you will be that much more respected around here. IHB is not for the weak of heart...it's THUNDERDOME (someone post up a picture of Mad Max Beyond Thunderdome). I'm a little upset that all the juicy stuff happens when I'm at work away from the computer.

No matter if you're going with or against the flow, post good analytical data. Show your knowledge with cited data, and just ignore the personal/angry attacks. If you think someone is an idiot for saying something, say why and support it. All-in-all, this forum has surprised me, in a good way. Much better than I expected it to be.

Well, you have thick skin and Graph didn't scare you off the forum so you've done well for yourself young grasshopper. Btw, USC will destroy SJSU tomorrow...GO TROJANS!!!

 

[trrenter_IHB]

Tustin active, backup, pending under $150,000.

A  15500 Tustin Village Way 111  $125,000 

A  15500 Tustin Village  $130,000 

A  650 W Main St B  $130,000 

A  15500 Tustin Village Way 55  $135,000 

A  655 W 6th St C  $142,000 

A  1881 Mitchell Ave 127  $150,000 

A  15500 Tustin Village Way 64  $135,000 

B  15500 Tustin Village Way 75  $124,500 

B  1181 E Packers Cir 115  $124,700 

B  1192 Mitchell Ave 2  $135,000 

B  15512 Williams St K  $149,000 

B  652 W Main St B  $150,000 

P  644 MAIN B  $120,000 

P  1192 Mitchell 29  $125,000 

P  15500 Tustin Village Way 26  $134,000 

P  1881 Mitchell Ave 102  $148,500 

P  15500 N TUSTIN VILLAGE Way  $150,000 

You have a shot at all but five of them.

You will not be renting any of these out for $1400 per month

 

[NewportSkipper_IHB]

Tustin active, backup, pending under $150,000.

A  15500 Tustin Village Way 111  $125,000 

A  15500 Tustin Village  $130,000 

A  650 W Main St B  $130,000 

A  15500 Tustin Village Way 55  $135,000 

A  655 W 6th St C  $142,000 

A  1881 Mitchell Ave 127  $150,000 

A  15500 Tustin Village Way 64  $135,000 

B  15500 Tustin Village Way 75  $124,500 

B  1181 E Packers Cir 115  $124,700 

B  1192 Mitchell Ave 2  $135,000 

B  15512 Williams St K  $149,000 

B  652 W Main St B  $150,000 

P  644 MAIN B  $120,000 

P  1192 Mitchell 29  $125,000 

P  15500 Tustin Village Way 26  $134,000 

P  1881 Mitchell Ave 102  $148,500 

P  15500 N TUSTIN VILLAGE Way  $150,000 

You have a shot at all but five of them.

You will not be renting any of these out for $1400 per month

Is that a wager?

 

[no_vaseline_IHB]

What do y'all think this will do for the cure rates going forward? I know what I think:

 

[trrenter_IHB]

Tustin active, backup, pending under $150,000.

A  15500 Tustin Village Way 111  $125,000 

A  15500 Tustin Village  $130,000 

A  650 W Main St B  $130,000 

A  15500 Tustin Village Way 55  $135,000 

A  655 W 6th St C  $142,000 

A  1881 Mitchell Ave 127  $150,000 

A  15500 Tustin Village Way 64  $135,000 

B  15500 Tustin Village Way 75  $124,500 

B  1181 E Packers Cir 115  $124,700 

B  1192 Mitchell Ave 2  $135,000 

B  15512 Williams St K  $149,000 

B  652 W Main St B  $150,000 

P  644 MAIN B  $120,000 

P  1192 Mitchell 29  $125,000 

P  15500 Tustin Village Way 26  $134,000 

P  1881 Mitchell Ave 102  $148,500 

P  15500 N TUSTIN VILLAGE Way  $150,000 

You have a shot at all but five of them.

You will not be renting any of these out for $1400 per month

Is that a wager?

I am on redfin right now looking at some of these gems.

Most people think that Tustin Village way is actually Santa Ana so that is strike one. The picture is Strike two. The proximity to the freeway is strike three.

I could go through strike four, five and six but why bother.

I would rather have a smaller place in and IAC community for the same $1400.

If you could rent one of these out for $1400 you should be a sales coach or sales instructor because you would have to be one of the best in the world to rent one of these out for that much.

 

[NewportSkipper_IHB]

There's this one:

http://orangecounty.craigslist.org/apa/1355454571.html

 

[NewportSkipper_IHB]

And this one (ok, $1,405), but this is Craigslist.

http://orangecounty.craigslist.org/apa/1357784661.html

 

[bltserv_IHB]

Heck. I am happy. Maybe Skipper is older than me. Whoope.

As far as his "retirement" status. Is that similar to "Presently Unemployed" ?

Us over 50 folk use that line when we are out of work. Or "Trying Retirement on a Temporary Basis".

Skipper. What part of the RE Business were/are you in ?

"People form protective cliques and post a flurry of attack posts (“dogpiling”) on whomever has dared to insult one of the clique members."

Of course, the implication here is that bltserv is dogpiling by asking a valid question and making an anecdotal observation.

Not exactly the kind of attack post I was referring to, Skipper Dan.

I take it as aggression.

Man you need to just chill out a whole bunch here. There are mostly very friendly people on this board.

And your "Method of Banter" is a bit aggressive. So you get treated the way have been for a reason.

If you knew me and my humor I had no ill will directed to you whatsoever in my post.

I was just asking a civil question. Its obvious your in the RE Business. Or was.

And almost all of us here are pretty open about what we do for a living in a general sense.

I think it would really help some of us take you a little more seriously here if you seemed a bit

more laid back and honest. I get that "used car salesman" feeling when I read your posts.

I dont think your in sales bytheway. Your not smooth enough to be a sales professional.

But I think your mentioning your business expertise in a general sense would be appropriate to aid toyour credibility

as well as helping us in getting to know you. Seems simple enough.

 

[NewportSkipper_IHB]

Not a townhome, but $1,300 just the same.

http://orangecounty.craigslist.org/apa/1346385580.html

 

[trrenter_IHB]

There's this one:

http://orangecounty.craigslist.org/apa/1355454571.html

What is the exact address. I said one of the ones listed in your post.

Mitchell is a big street and I want to compare apples to apples.

 

[trrenter_IHB]

Oh and as I look through all of these they are listed under SHORT SALE.

 

[davenlei_IHB]

Tustin active, backup, pending under $150,000.

A  15500 Tustin Village Way 111  $125,000 

A  15500 Tustin Village  $130,000 

A  650 W Main St B  $130,000 

A  15500 Tustin Village Way 55  $135,000 

A  655 W 6th St C  $142,000 

A  1881 Mitchell Ave 127  $150,000 

A  15500 Tustin Village Way 64  $135,000 

B  15500 Tustin Village Way 75  $124,500 

B  1181 E Packers Cir 115  $124,700 

B  1192 Mitchell Ave 2  $135,000 

B  15512 Williams St K  $149,000 

B  652 W Main St B  $150,000 

P  644 MAIN B  $120,000 

P  1192 Mitchell 29  $125,000 

P  15500 Tustin Village Way 26  $134,000 

P  1881 Mitchell Ave 102  $148,500 

P  15500 N TUSTIN VILLAGE Way  $150,000 

You have a shot at all but five of them.

You will not be renting any of these out for $1400 per month

Is that a wager?

Side bets anyone? Who is holding the money... J/K

 

[CM_Dude_IHB]

This conversation is truly absurd. I'm rather proud of the hard facts I documented throughout this thread. Spinning it into nothing isn't working. And if I recall, no credentials have been posted by anyone. My facts are easy to disprove, but they haven't been. I anxiously await more evidence to the contrary.

Did I prove homes that were REO in fact closed escrow? Yes

Did I prove loan mods don't require a max LTV of 105%? Yes

Did I prove loan mods don't have a 38% backend ratio? Yes

Did I prove Tustin can be had under $150,000? Yes

Did I prove rents up to $1,400 on similar units? Yes

How many verifiable facts does a person need to have to not be called nothing more than a liar?

Proof? Because you say so? I'm not being hostile or calling you a liar, but proof of trend or direction in the housing market is not a few select examples. And lets be honest about these $1400 Tustin rentals - that area is horrible, and many who rent there and pay exorbitant rents for crap properties do so because they have to. Poor credit, no rental history, etc.

You speak of loan mods as if they will become the norm, not the exception, and will save and stabilize the housing market. Ok, prove it. My source says exactly the opposite. Unfortunately, I cannot cite the source - my apologies in advance. But I'm not trying to prove anything.

 

[NewportSkipper_IHB]

Oh and as I look through all of these they are listed under SHORT SALE.

Geesh, go back to the last page and you will see the same prices are closing. You are just arguing to argue.