Is this the bottom?

[Ubersalad]

jen, you're speaking to bunch of losers that have too much time on their hands to learn about real estate. yes, we know.

[Ubersalad]

I got bored and dug up some info about this house. It was financed through Ownit and under trustee sale, and currently owes more than $339k. It's also too late to sell this house, owner no longer owns this house as of 4/28. So I guess this is either a joke or something weird going on...

[Markor]

I assume you're talking about .

Still active; I guess either it hasn't been taken down yet or else it is somehow salable and offers are piling up to find the highest bidder.

[Ubersalad]

Yep, that one. Accordingly to trustee sales, he had until 4/28 to cure amount owed.

[ira s]

Showed the place this AM. According to the agent remarks in the listing, they will accept offers for another day or two, and that as of 4/29 they've received a 375,000 dollar offer, as well as other multiple offers. I think it'll go for 400,000+, and to say "needs a little TLC" would be a major understatement.

[Ubersalad]

I guess we'll see. By the way, there is a 2nd lender behind this one, so I am sure it isn't a very straight forward and simple transaction. Personally, I wouldn't get into this mess, especially if the price is bid back up.

[Alan]

Is this the bottom?

http://www.redfin.com/WA/Seattle/12611- ... ome/190169

12611 16th Ave S
Seattle, WA 98168
1630 sqft
Asking $201,900
Sold 10/2007 for around $250k.

That house does like it has sunk below ground. That has to be the bottom.

[rose-colored-coolaid]

Oops, a day late this week. Sorry. Anyways, the news you all were looking forward to...

This isn't not the top. Which is to say, it's not the bottom!

See ya next week.

[rose-colored-coolaid]

Been a couple weeks. But I haven't forgotten to keep you guys up to date. This weekend was not the bottom. But it might have been the top of the spring bounce...

[Alan]

I haven't seen any GEMS to post about in the past few weeks.

Maybe that really was the bottom a few weeks ago.

[rose-colored-coolaid]

<throws handful of grass into the air, watches to see which direction wind is blowing>

This week is not the bottom.

[Ubersalad]

Lies...THIS IS THE BOTTOM!!!

[rose-colored-coolaid]

Price drops are accelerating, for sale signs keep going up and not coming down, and we're 1/3rd of the way through June. That's right, the selling season that wasn't is essentially done.

In other words, last weekend wasn't the bottom.

[Alan]

Is this the bottom?

http://www.redfin.com/WA/Lynnwood/1023- ... me/2705416
1023 180th St SW
Lynnwood, WA 98037
Asking $320,000
Sq. Ft.: 2,944
$/Sq. Ft.: $109

[deeplennon]