tag:blogger.com,1999:blog-5140004705538204727.post5324869046217512151..comments2023-12-16T04:08:06.419-08:00Comments on Real Estate in the LBC: Shorn in The Shore: UPDATEel beehttp://www.blogger.com/profile/14187665973956068496noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5140004705538204727.post-5384814991118237862008-05-16T12:52:00.000-07:002008-05-16T12:52:00.000-07:00Agree El Bee. Saw a house (reo) in the Bellflower/...Agree El Bee. Saw a house (reo) in the Bellflower/Lakewood area that has been given a 300k+/- 'trim' right off the top of what it last sold for. <BR/>It's still a POS at this price.<BR/>Maybe this lender is trying to beat the coming onslaught?<BR/><BR/>The best phrase I've heard relative to the 1000/day auction rate is that these will carpet-bomb the market in the next 4 months or so. No place to hide.<BR/><BR/>Thanks again for all the work you're putting in here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-42969221376210733822008-05-15T20:14:00.000-07:002008-05-15T20:14:00.000-07:00I read the "1,000 foreclosures per day" figure som...I read the "1,000 foreclosures per day" figure somewhere on the interwebs and it didn't really hit me until right now HOW FREAKING INCREDIBLE that statistic is.<BR/><BR/>The idea that anyone is even uttering the word "bottom" in the face of that overwhelming foreclosure number is nuttier than squirrel shit.<BR/><BR/>That figure alone made me push back my Buy date by at least 6 months.el beehttps://www.blogger.com/profile/14187665973956068496noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-1127118353612189532008-05-14T18:44:00.000-07:002008-05-14T18:44:00.000-07:00Great...love the follow ups. While I truly do feel...Great...love the follow ups. While I truly do feel for people in these situations, I sure think It would be wise to cut and run. Dump the thing while the getting is 'good'. Seems as though there is a world of hurt coming according to the Foreclosure Radar report. 1000 auctions/day in April? I'm assuming there will be a scorched Earth policy when it comes to the lenders dumping these things.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-86046551565323715522008-05-14T11:38:00.000-07:002008-05-14T11:38:00.000-07:00FreedomCM,Yep, #301 is still rotting on the vine--...FreedomCM,<BR/><BR/>Yep, #301 is still rotting on the vine--ERRR, for sale. It's actually $900.00 more than Tasteless McGillicuddy at #202. <BR/><BR/>The higher-quality materials (whether it's my cup or tea or not, it's tough to dispute) puts serious downward pressure on #301. <BR/><BR/>I think that works both ways though because as I mentioned in the original post #301 has wiggle room, whereas #202 is already WAY past his financial pain threshold.el beehttps://www.blogger.com/profile/14187665973956068496noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-59860033155911927462008-05-14T11:22:00.000-07:002008-05-14T11:22:00.000-07:00wow, i loved the original write-up too!what happen...wow, i loved the original write-up too!<BR/><BR/>what happened to 301? is it still for sale?<BR/><BR/>FreedomCMAnonymousnoreply@blogger.com