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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Auctioned off today in norwalk Posted by Cyrus on October 06, 2006 at 9:01 AM In Reply to: Re: Auctioned off today in norwalk posted by JK (the other JK) on October 05, 2006 at 9:34 AM From experience, buying a 500k home for 400k is only good in the rising market. In this market, you need to buy a 500k home for 340k. Please note more than half say " back to Bene" i.e. REO. Some of the ones that say sold were not purchased by investors but by 2nd's. Btw, the one is covina has a zillow estimate of 430k which is really low. I know people who are sitting on 12 homes and can't sell. I personally am giving away my homes at cost and one with 60k loss. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : From experience, buying a 500k home for 400k is only good in the : rising market. In this market, you need to buy a 500k home for 340k. : Please note more than half say " back to Bene" i.e. REO. : Some of the ones that say sold were not purchased by investors but by 2nd's. : Btw, the one is covina has a zillow estimate of 430k which is really low. : I know people who are sitting on 12 homes and can't sell. I personally : am giving away my homes at cost and one with 60k loss. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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