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Sunday, May 22nd, 2011 at 8:55 PM

Mission Hills Wrap-up

Two offers are in, both over list price. Never mind those holes!

Posted on Sunday, May 22nd, 2011 at 8:55 PM in Bubbleinfo TV, REOs for sale | 9 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 9 Responses

  1. More bad news…..this time on the front page of the New York Times website!

    http://www.nytimes.com/2011/05/23/business/economy/23glut.html?hp

    “As Lenders Hold Homes in Foreclosure, Sales Are Hurt”

    True or not?

    Congrats on the sale! They seem to give you them all over…..haha.

    College Joe | May 22nd, 2011 at 11:09 pm

  2. “Five years after the housing market started teetering, economists now worry that the rise in lender-owned homes could create another vicious circle, in which the growing inventory of distressed property further depresses home values and leads to even more distressed sales. With the spring home-selling season under way, real estate prices have been declining across the country in recent months.

    “It remains a heavy weight on the banking system,” said Mark Zandi, the chief economist of Moody’s Analytics. “Housing prices are falling, and they are going to fall some more.”

    Doom & Gloom.

    College Joe | May 22nd, 2011 at 11:11 pm

  3. If he is so sure, tell him to put a number on it. He can’t, so he won’t. He just keeps the negativity flowing, because it makes him a popular guy with reporters.

    Is he selling a book yet?

    Repeat after me:

    REOs sell for retail…
    REOs sell for retail…

    Jim the Realtor | May 23rd, 2011 at 5:33 am

  4. List low and the sales a go. Let buyers bid up the price.

    If banks weren’t floated by our tax dollars there would be houses like this selling all over the place.

    At least change is starting to happen.

    Once the fed starts pushing up interest rates prices are going to fall even more.

    shadash | May 23rd, 2011 at 7:21 am

  5. Trusting anything Zandi and his cronies at Moody’s says is like saying the winner of Celebrity Apprentice will cure cancer.
    Moodys ratings were terrible during the boom and just as ad during the bust.

    James | May 23rd, 2011 at 10:58 am

  6. I just don’t understand Mission Hills. I rent a house within a half mile of this listing. The neighborhood is nice, but the houses are small, the lots are small and the public schools aren’t great.

    I know it’s close to downtown and the hospitals and the houses are ‘charming’…

    Joe Schmoe | May 23rd, 2011 at 11:01 am

  7. Which is why I called BS…because I read this blog.

    Thanks for showing hhe other side, Jim. How do the decide what REOs to give you? Loved the video of the woman talking about the loans, she sounds like she knows what she’s doing!

    College joe | May 23rd, 2011 at 11:54 am

  8. Great area! I love Mission Hills. That house is located in a real quite area of MH too. Is that one a good one for a 203k?

    Petra | May 23rd, 2011 at 11:58 am

  9. Nice work. I’m guessing it’ll close for right near your BPO.

    Booty Juice | May 23rd, 2011 at 12:31 pm

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