Comments on: The Case Of The Off The Market, On The Market House http://blog.redfin.com/losangeles/2008/09/the_case_of_the_off_the_market_on_the_market_house.html Redfin Los Angeles Sweet Digs Thu, 09 Feb 2012 13:33:45 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Christina Chan http://blog.redfin.com/losangeles/2008/09/the_case_of_the_off_the_market_on_the_market_house.html/comment-page-1#comment-17359 Christina Chan Mon, 22 Sep 2008 18:15:03 +0000 http://blog.redfin.com/losangeles/2008/09/the_case_of_the_off_the_market_on_the_market_house.html#comment-17359 Thanks for sharing, badkittym. I've been watching the volatile stock market as well and it's excruciating to see the plummet. Good luck on your offer next time, when you do decide to buy. Thanks for sharing, badkittym.

I’ve been watching the volatile stock market as well and it’s excruciating to see the plummet.

Good luck on your offer next time, when you do decide to buy.

]]> By: badkittym http://blog.redfin.com/losangeles/2008/09/the_case_of_the_off_the_market_on_the_market_house.html/comment-page-1#comment-17355 badkittym Mon, 22 Sep 2008 17:15:15 +0000 http://blog.redfin.com/losangeles/2008/09/the_case_of_the_off_the_market_on_the_market_house.html#comment-17355 We actually had a smooth and rather brief short-sale experience, but pulled out last Tuesday upon the crash of the financials. Our offer had been accepted, but with a percentage loss of capital via tanked stock investments, we decided it would be wiser for now to duck and cover and see how everything works itself out. I am especially curious to see how Big Brother intends to coax lenders to loosen up and start writing loans again. They'd better do something, otherwise all those properties that are REO or distressed will simply ferment. Most folks are not sporting a 720+ credit score, plus 20% for a down, plus another 100k in savings. Those that are, in most cases already own homes. Interesting times. We actually had a smooth and rather brief short-sale experience, but pulled out last Tuesday upon the crash of the financials. Our offer had been accepted, but with a percentage loss of capital via tanked stock investments, we decided it would be wiser for now to duck and cover and see how everything works itself out. I am especially curious to see how Big Brother intends to coax lenders to loosen up and start writing loans again. They’d better do something, otherwise all those properties that are REO or distressed will simply ferment. Most folks are not sporting a 720+ credit score, plus 20% for a down, plus another 100k in savings. Those that are, in most cases already own homes.

Interesting times.

]]>