[airics]

how do you give rep points?

[jfkIII]

Originally Posted by airics

how do you give rep points?

two ways...give anonymous positive points by clicking the [+] at the end of the post...or the much better way is to give positive or negative points with a chance to add comment by clicking the scales of justice icon at the top right hand corner of the post.

Most positive posts with comments include the persons sign-on name....but not a lot of negative posts don't include that...for obvious reasons.

[jfkIII]

Originally Posted by airics

whew.. that must be an awfully big pig

Hogzilla!

[soccersups]

HI avarice13,
sounds like you got agood deal.
Can you give me the name of your real estate agent? I will be looking for a good investment property in LV. Wanted to get some assistance from this forum.
Are you using any property managt company to manage the property? Pls let me know the info.
Thanks much.

[nwlv]

Originally Posted by airics

i doubt that, and i think olecapt will back me on this one.. the bank owned props are holding steady and the amount of them is going down (not to say that there wont be any more, there will be lots of them, just more expensive).. plus most (95%+ sell at listing price or more).. my wife and i looked at one a couple months back and offered $15,000 above listing price and were still beat out.. list was $244k, it sold for $275k

Really?

[ComeBack_Kid]

Originally Posted by airics

i doubt that, and i think olecapt will back me on this one.. the bank owned props are holding steady and the amount of them is going down (not to say that there wont be any more, there will be lots of them, just more expensive).. plus most (95%+ sell at listing price or more).. my wife and i looked at one a couple months back and offered $15,000 above listing price and were still beat out.. list was $244k, it sold for $275k

FALSE. The highlighted area of this post is simply not true. The banks arent even selling thousands of their foreclosed homes at the moment because they would completely flood the market and prices would cliff-dive immediately, way more so than they already have. Any reputable source will tell ya we've still got a ways down to go fellas

[olecapt]

Originally Posted by ComeBack_Kid

FALSE. The highlighted area of this post is simply not true. The banks arent even selling thousands of their foreclosed homes at the moment because they would completely flood the market and prices would cliff-dive immediately, way more so than they already have. Any reputable source will tell ya we've still got a ways down to go fellas

Untrue. The lenders have never held off the market as many as they have on the market and the number on the market has moved down reasonably steadily since January 1.

One might argue that the lenders have reduced their foreclosure rate or such..but clearly the number of lender owned homes is down. One could also note that we are at the end of the sub-prime resets and a drop in foreclosures would be expected.

At the moment the lenders own 12352 single family homes of which 9435 are on the market. Those on the market consist of 5654 for sale and 3781 pending the close of sale. So there are 2917 homes lender owned and not on the market.

Anecdotally we see short sales foreclosed and then showing up on the market in a week to a month.

[skisickie]

how would you know the lenders are holding them off the market? This simply is not the case. They want to turn em and burn em.

[airics]

you DO realize that was my prediction from OVER A YEAR AGO. now it doesnt hold water since everything tanked..... Look at the dates...why would you ask a question to a post thats over a year old?