tag:blogger.com,1999:blog-31506519.post2210699355172510918..comments2023-06-15T04:06:33.971-07:00Comments on Sacramento Area Flippers In Trouble: Flippers In Trouble FAQUnknownnoreply@blogger.comBlogger46125tag:blogger.com,1999:blog-31506519.post-67461179749741213842012-04-27T19:40:05.018-07:002012-04-27T19:40:05.018-07:00I notice that many sales are duplicated on the sam...I notice that many sales are duplicated on the same day,same price.Is this a scam to goose the market,or is someone getting commissions for two sales or what?<br />Don't understand this....<br />Looks very dodgy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-34396450764599313742011-07-28T11:36:33.941-07:002011-07-28T11:36:33.941-07:00Just bought the listing at 3092 Latham, EDH for $2...Just bought the listing at 3092 Latham, EDH for $240,000 (less than half it's $500,000 2006 price)<br />Just by luck of circumstance, I sold my last house in Rancho Murieta in 2005 when prices were high. Now after renting for 6 years, serendipitously getting in low. I no longer view home ownership as an investment, however. Thanks for your blog.<br /><br />JimAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-23056360991976155412010-09-07T20:29:30.004-07:002010-09-07T20:29:30.004-07:00Looks like it could be a great site but it's m...Looks like it could be a great site but it's missing some sales data which makes the information unreliable. I personally have a house that has been on the market for less than 10 days. I purchased it two years ago, however the site shows the last purchase was when the bank took it back from the previous owner 3 years ago and also shows it has been listed for over 1000 days. I wouldn'tDataGalnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-84688273525559831142010-03-01T15:50:02.401-08:002010-03-01T15:50:02.401-08:00@ wtf? :
How on earth was the house in your famil...@ wtf? :<br /><br />How on earth was the house in your family since 1968 and was never paid off?<br /><br />Even if it was transfered into your name and you paid for it, shouldnt you have either paid off the mortgage or been really close to paying it off? I think you took out equity loans on the thing. A house is not an ATM. <br /><br />The idea of a mortgage is to pay it off, not prolong it as daversnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-73814361141685844252010-02-21T18:59:56.857-08:002010-02-21T18:59:56.857-08:00I really enjoyed seeing my house on your blog and ...I really enjoyed seeing my house on your blog and being refereed to as a "flipper". The house on D Street was in my family since 1968, I assumed ownership in 1981. I was married in that house, had two children and raised them there through high school, cared for my Mother there while she died from cancer, and had to short sell the house as a result of disability; unable to work for Razors and Blades...https://www.blogger.com/profile/01990437248514365805noreply@blogger.comtag:blogger.com,1999:blog-31506519.post-54141785281972836232010-01-14T12:15:22.525-08:002010-01-14T12:15:22.525-08:001/14/2010 --- I am a visitor to and fan of this si...1/14/2010 --- I am a visitor to and fan of this site. I just read the comments for the first time. One note, if you overpaid for a house (with no flipping intent), I would not be crowing about how wise you are with money. Be grateful that your house debt was in Arizona, with no deficiency judgments available.<br /><br />Also, to the military poster, how in the world are duty transfers for Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-51031900739092607442010-01-11T18:25:28.146-08:002010-01-11T18:25:28.146-08:00My house is on here and we are not "in troubl...My house is on here and we are not "in trouble" or poor decision makers when it comes to our finances. What we are is a dual military couple who planned on retiring here but we are being transfered to another state for duty. We also have made additional payments toward the principal on our home and have put significant money into our house.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-47997758019163845452009-12-06T18:25:59.618-08:002009-12-06T18:25:59.618-08:00You only recently started posting
the REO flag.
Wh...You only recently started posting<br />the REO flag.<br />Why is this now happening?<br />I have read where the foreclosure process has been deliberately drawn out,keeping shadow inventory,and OFF the Banks' books.<br />Is there now a change happening?<br />How do you identify this as REO?<br />Is it from the listing service?<br />RegardsUnknownhttps://www.blogger.com/profile/12381901457331308341noreply@blogger.comtag:blogger.com,1999:blog-31506519.post-51198114821283979092009-06-17T12:34:32.526-07:002009-06-17T12:34:32.526-07:00Are the properties on this site ones that were pur...Are the properties on this site ones that were purchased/sold strictly by "flippers"? - meaning investments only, or could they be regular purchasers who lost their home within a couple of years?dotLaunchhttps://www.blogger.com/profile/02199489843416062079noreply@blogger.comtag:blogger.com,1999:blog-31506519.post-20759202480681657612009-03-26T10:52:00.000-07:002009-03-26T10:52:00.000-07:00Gosh, just noticed my house here! So which am I: f...Gosh, just noticed my house here! So which am I: flipper or poor mortgage choice? Neither. I pay off substantial add'l principal every month on a mortgage significantly smaller than legit mortgage providers were willing to provide and put 30% down. I'd hoped to live there for 10+ years, but ended up in a completely unanticipated transfer situation. Things happen...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-27078408774773527272009-02-13T13:11:00.000-08:002009-02-13T13:11:00.000-08:00You should never borrow money. You can borrow thi...You should never borrow money. You can borrow things like a cup of sugar, or a shovel. But, you should never borrow money.<BR/><BR/>100 years ago, 90% of the houses were bought without taking out a loan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-13000840302043709842008-08-22T02:35:00.000-07:002008-08-22T02:35:00.000-07:00Good Job! :)Good Job! :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-70447491580984987292008-07-16T20:49:00.000-07:002008-07-16T20:49:00.000-07:00Great site - would love it if you could search by ...Great site - would love it if you could search by city, or even better, zip code??<BR/>Thanks-<BR/>BrettAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-80213832779391743752008-05-31T08:42:00.000-07:002008-05-31T08:42:00.000-07:00Excellent information, Greed is a powerful force o...Excellent information, Greed is a powerful force of human nature. I am in the market as a "normal" person trying to sell a home I've owned for some time in order to upgrade a bit. The "flippers" have caused such an unstable market few "normal" people are successful in selling and buying. Again I see talk of "taking advantage" of the down market and "investors" are busy buying up forclosures Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-5690478383883105652008-04-30T23:00:00.000-07:002008-04-30T23:00:00.000-07:00I've heard of entire communities that are almost c...I've heard of entire communities that are almost completely vacant and resemble ghost towns. I will be in the Vegas area next week and wouldn't mind driving just to see what it's like. Are there any specific places in Vegas that you or other posters could point me to? Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-4274441785647478112008-04-15T17:40:00.000-07:002008-04-15T17:40:00.000-07:00Is it possible to map all of the properties you id...Is it possible to map all of the properties you identified on one google map? It would be interesting to see the concentration of where flippers are in trouble.environmental consultanthttps://www.blogger.com/profile/01208581029486780417noreply@blogger.comtag:blogger.com,1999:blog-31506519.post-81686539807409926872008-03-07T10:10:00.000-08:002008-03-07T10:10:00.000-08:00Is there an option I'm missing on the site to sear...Is there an option I'm missing on the site to search by a specific region or zip code? That would be SO helpful! Love the site though. Thanks for compiling the data!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-84708387170048001112008-01-08T14:14:00.000-08:002008-01-08T14:14:00.000-08:00Great site See News about Countrywide from BBC UK....Great site <BR/>See News about Countrywide from BBC UK.<BR/><BR/><BR/>Mortgage giant denies bankruptcy <BR/> <BR/>Countrywide reported losses of $1.2bn in October <BR/>US mortgage giant Countrywide Financial has denied speculation it is set to file for bankruptcy protection. <BR/>Countrywide made the statement after shares in America's largest mortgage lender fell as much as 25% in Tuesday Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-11960878102365631342007-11-13T13:47:00.000-08:002007-11-13T13:47:00.000-08:00Awesome site. I know you're probably limited to wh...Awesome site. I know you're probably limited to what you can do with your site, since it's powered by Blogger. However, if you could add a sort by % loss, I would love it!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-90558683902152289782007-10-25T06:10:00.000-07:002007-10-25T06:10:00.000-07:00Love the site. Just a few comments: I live in phx ...Love the site. Just a few comments: I live in phx (12 yrs) if you can look at data from 04 thats whn the frenzy really began..prices were already almost doubled by 05. actually it was a staight climb up since 95. I sold in 05 pd cap gains tax pocketed $220(after paying the corrupt realtor)on a house I pd 70 for,bought a trailor and traveled for 2 yrs,as many are doing. I just bought another houseAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-54637423593581104562007-10-24T14:05:00.000-07:002007-10-24T14:05:00.000-07:00>> Buyers are holding back which is causing a slow...>> Buyers are holding back which is causing a slow-down...but also a demand build-up. <BR/><BR/>Not necessarily! the clue lies in the word "flipper" - the point of thisblog is to show that how inflated asset prices are connected to speculative activity.<BR/><BR/>The absence of flippers might account for a large drop in demand. A durable bottom will form when cashflow investors return to the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-60679437574452171682007-10-24T11:10:00.000-07:002007-10-24T11:10:00.000-07:00Here in Alberta Canada, we are experiencing a mild...Here in Alberta Canada, we are experiencing a mild correction. I look south for the extreme example of people looking for unrealistically high returns for no effort. This Realtor has spent many hours trying to talk my clients out of "investing", because everybody else is doing it. Need I say more..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-77190039235658090842007-10-12T17:50:00.000-07:002007-10-12T17:50:00.000-07:00I can't fathom that this property really flipped i...I can't fathom that this property really flipped in 10 month's for a $335,000 profit..<BR/><BR/>But, if it's true... you should get together with the FBI since your site is a great resource to identify mortgage fraud... you could charge them a pretty penny too ...<BR/><BR/>Previous Sales:<BR/>Sold on 2004-07-30 for $450,000<BR/>Sold on 2005-05-16 for $785,000<BR/>MLS# 70099909Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-70560809557116318452007-10-10T23:43:00.000-07:002007-10-10T23:43:00.000-07:00I think this is a great market and feel bad for th...I think this is a great market and feel bad for the folks who over extended their financial capacity. This is the best possible environment for those who didn't buy into the frenzy and now have some buying power at the low end of the cycle. This happens every 6-8 years give or take and should not be a surprise. If you buy now and can and hold for the cycle to return as long as needed you will be Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31506519.post-66092338350942878342007-09-07T09:04:00.000-07:002007-09-07T09:04:00.000-07:00The Google Maps links are invaluable! Please keep...The Google Maps links are invaluable! Please keep them as a part of the site.EbenVisherhttps://www.blogger.com/profile/05204887180601601924noreply@blogger.com