How to Lose 40% in Three Months

These were worth low-$200,000s just three months ago, now I have to hope this mold farm might fetch low-$100,000s.

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• jim
• klinge
• realty
• tv
• reo
• foreclosure
• oceanside

[JimtheRealtor]

$320/month for HOA fee, property taxes would run around $1,500 per year, and occupancy is propbably close to 100%.

For my bank report i estimated that 80% of these are owner-occupied.

[canarsiemarsie]

Im looking for retirement living. this place is big...

[ArtStone]

"Handyman Special"

[mdindestin]

Forty percent is a pretty good haircut. The banks are probably overloaded and can't devote the time to make proper decisions on their REOs.

[Beingreal40]

How are the contractors getting involved with the banks Jim?

[akabillyba]

Your a shuffleboard shark =] If the real estate thing does'nt work out try comedy. Your observations had me laughing my ass off. Here in Sedona they've changed from redrock roofs to crystals so they can channel the mothership.

[texan176]

I've never been to SOCAL but these homes look pretty nice for the money. What's the monthy maintenance fee, yearly tax, & occupancy rate?

Just curious....I am not looking to buy this and do not want to mislead you.