O.T. A Disheartening Time. . . Posted by Pamela on March 26, 2007, 5:09 pm 71.109.255.217 I was in a particular city today (one of my service areas), and it was astonishing to see so VERY many "For Sale" signs. On one street alone I counted approximately twelve homes! I was in that area about ten days ago. Although there were the usual "For Sale" signs sprinkled about, it was nothing like I saw today. On just about every block, there were three or more signs. What makes this particularly interesting, is that many of these properties were also marked "just reduced" or "priced for quick sale". I know this area very well and remember a few years ago, when it was a seller's delight! During that time, many of these homes, (in my opinion) though very nice, were price Much too high. Now it seems as though these home can't even be given away! Though I do not have proof (without actually researching the county recorder's office), I suspect many of these homeowners are victims of the Sub-prime lending and/or "creative financing" fallout. I wonder how many of these Sub-Prime Lenders and Mortgage Brokers are having to face the same situation? Probably zero (if that much). [And yes, I know that many of these lenders etc. . .are "closing-shop", but I am very sure, that THEIR residential properties (for which they are actually living) are not facing foreclosure.] It is really a disheartening time for many. Pam Message Thread: O.T. A Disheartening Time. . . - Pamela March 26, 2007, 5:09 pm Hey Pam:) My take on the for sale signs.. - FlaMac March 28, 2007, 5:56 am Hi Fran Correction - Pamela March 28, 2007, 7:31 pm God didn't make all of us honest.... - FlaMac March 29, 2007, 9:09 am Re: God didn't make all of us honest.... - Shoshana/AZ March 29, 2007, 6:58 pm As if you don't waste enough space here... - Becca/FL March 28, 2007, 8:42 pm Did your mother teach you to talk like that?... - FlaMac March 29, 2007, 9:13 am Hi Fran! - Pamela March 28, 2007, 4:41 pm The sky is falling, the sky is falling - pl March 28, 2007, 4:26 pm It is the same thing in Las Vegas... - Glena/NV March 27, 2007, 12:30 pm "because of sub-prime lending" - SueW/Tn March 27, 2007, 12:42 pm do your job, go home and don't get personally involved - Mistarella/FL March 28, 2007, 11:36 am Mistarella/FL - Pamela March 28, 2007, 2:43 pm Please take a note....SUB-PRIME LENDING... - Glena/NV March 27, 2007, 1:23 pm Re: O.T. A Disheartening Time. . . - DeniseA/socal March 26, 2007, 10:13 pm Re: O.T. A Disheartening Time. . . - Pamela March 27, 2007, 8:03 am Give up the whining and go back to - Becca/FL March 26, 2007, 9:34 pm BECCA Re: Give up the whining and go back to - Pamela March 27, 2007, 5:49 am Re: Give up the whining and go back to - Shoshana/AZ March 27, 2007, 4:47 am Re: Give up the whining and go back to - Pamela March 26, 2007, 11:25 pm Re: Give up the whining...Pam - Becca/FL March 28, 2007, 7:44 am Re: Give up the whining and go back to - Shoshana/AZ March 27, 2007, 4:52 am Shoshana II - Pamela March 27, 2007, 7:19 am Re: Shoshana II - Shoshana/Az March 27, 2007, 10:29 am Re: O.T. A Disheartening Time. . . - Shoshana/AZ March 26, 2007, 6:26 pm Correction: Shoshana - Pamela March 26, 2007, 8:06 pm Shoshanna - Pamela March 26, 2007, 8:04 pm Re: Shoshanna - Shoshana/AZ March 26, 2007, 8:36 pm Search Messages: