Laguna Niguel home....opinions?
- Thread starter Kayvan
- Start date
RPM217
2005 white/blue stripe
- Jul 13, 2006
- 4,782
Pacific Palisades is an option...
It's funny a realtor on this is a car guy and he sent me 20 other houses that are "60s/modern frank Sinatra" houses; none have same style, pool, custom design, etc
How easy is it to find a custom / Neutra / mid-century modern house like this in SoCal ?
Chances of this losing value to $400-600k?
NOTE: This is a Short Sale and requires lender approval to forgive a portion of the sellers indebtedness to sell at this price. This can take months to accomplish, and it is not unusual for the original buyer to lose interest or to purchase elsewhere by the time the lender decides exactly what they are going to do and gets back to the seller. This is what is currently going on with Paseo.
It's funny a realtor on this is a car guy and he sent me 20 other houses that are "60s/modern frank Sinatra" houses; none have same style, pool, custom design, etc
How easy is it to find a custom / Neutra / mid-century modern house like this in SoCal ?
Chances of this losing value to $400-600k?
NOTE: This is a Short Sale and requires lender approval to forgive a portion of the sellers indebtedness to sell at this price. This can take months to accomplish, and it is not unusual for the original buyer to lose interest or to purchase elsewhere by the time the lender decides exactly what they are going to do and gets back to the seller. This is what is currently going on with Paseo.
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daytrayd
GT Owner
- Jul 13, 2006
- 4,782
- Jul 13, 2006
- 4,782
Per realtor:
This house has been in a short sale process with the bank for months and we have our third buyer deeply ingrained in the home at this point since they have moved in and*renting back from owners while we go through the last phase of the bank process. Sellers are not willing to look at back-up offers and are awaiting a welcome end to this long process they have been through to finalize the short sale.
Strange strategy...
This house has been in a short sale process with the bank for months and we have our third buyer deeply ingrained in the home at this point since they have moved in and*renting back from owners while we go through the last phase of the bank process. Sellers are not willing to look at back-up offers and are awaiting a welcome end to this long process they have been through to finalize the short sale.
Strange strategy...
6s219
GT Owner
I have purchased several properties at Trust Deed sales where the "owner" who was occupying the house said, "this is a mistake, the banks said they would work with us"! or have been told by realtors that, " the bank has accepted an offer, the property is no longer for sale". Very reckless move on the renters part of this deal! There is a 50/50 chance that this property will end up for auction on the court house steps, and if it does, getting rid the current tenant who thought they were buying the house is going to be an ugly process!!!
Like Empty Pockets said, "Time to resume the hunt... !!
- Jul 13, 2006
- 4,782
It looks like both are desperate....
Owner is in at $1.6M in 2005; listed last Oct....offers accepted Dec., March....
Renter is at best floating him half, ~$3000/mo.?...I cant imagine he gave him more than 6mo lease?
As Landlord, when a lease is up, arent you allowed to not renew lease? I though you call Sherrif and report trespass...?
I can see how a homeowner is hard to evict...but a rental tenant?
Owner is in at $1.6M in 2005; listed last Oct....offers accepted Dec., March....
Renter is at best floating him half, ~$3000/mo.?...I cant imagine he gave him more than 6mo lease?
As Landlord, when a lease is up, arent you allowed to not renew lease? I though you call Sherrif and report trespass...?
I can see how a homeowner is hard to evict...but a rental tenant?
"Owner is in at $1.6M in 2005..."
...and here I thought $830K was out of the question!!!
I don't care WHERE that house is located, 2,200 sq ft sitting on 1/4 acre would be a 'no go' for me at $830K even w/o all the complications...
('Guess I'd be living in a pup tent in NYC then, huh.)
...and here I thought $830K was out of the question!!!
I don't care WHERE that house is located, 2,200 sq ft sitting on 1/4 acre would be a 'no go' for me at $830K even w/o all the complications...
('Guess I'd be living in a pup tent in NYC then, huh.)
No, I didn't...but it reflects the general 'LOOOOOOONACY' of the housing mkt everywhere in this country during those years.
BlackICE
GT Owner
- Jul 13, 2006
- 4,782
If you Google 2010 Via Solona, San Clemente, and go to the street view, you'll see how close you'd be to your neighbors! :willy
'Course, you're presently living in SoHo...so mebbe that wouldn't be any big deal.
'Course, you're presently living in SoHo...so mebbe that wouldn't be any big deal.
BlackICE
GT Owner
Pretty typical of CA suburbs. SF is much worst, most houses have 0" between them!
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2112
Blue/white 06'
6s219
GT Owner
It is much easier to evict the Homeowner than it is to evict a tenant. I would assume that what ever the tenant is paying as "rent" is going straight into the "owners" pocket. He's loosing the house regardless. In a short sale the owner of the property has to approve the buyers offer but ultimately it is the bank(s) that has the final say.