A new home for the beast.
#1
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A new home for the beast.
After months and months of waiting (stupid short sales) we finally closed escrow today and the beast has a new home with a PROPER driveway (MNL_ICE you know what I'm talkin about)
Got alot of weekend projects in front of me. lol
Anyway, just wanted to share pics with you guys.
Sorry for the crappy pics and sorry for the messy garage. (previous occupants left some stuff in there)
Got alot of weekend projects in front of me. lol
Anyway, just wanted to share pics with you guys.
Sorry for the crappy pics and sorry for the messy garage. (previous occupants left some stuff in there)
Last edited by _AMG_; 06-23-2012 at 12:22 AM.
#4
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#8
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Congrats Karl... your new garage looks so much better than your old "shed"... lol!! Enjoy your new house!!
#13
Junior Member
Congrats mate! No easy feat with the price of LA real estate. We had so much BS with short sales and foreclosures that we took them off our list, but if you got one life is grand and godbless the recession hehehe
#16
MBWorld Fanatic!
After months and months of waiting (stupid short sales) we finally closed escrow today and the beast has a new home with a PROPER driveway (MNL_ICE you know what I'm talkin about)
Got alot of weekend projects in front of me. lol
Anyway, just wanted to share pics with you guys.
Sorry for the crappy pics and sorry for the messy garage. (previous occupants left some stuff in there)
Got alot of weekend projects in front of me. lol
Anyway, just wanted to share pics with you guys.
Sorry for the crappy pics and sorry for the messy garage. (previous occupants left some stuff in there)
Sweet! Congrats on the new place!
Your car looks great too.
#17
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#18
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Well not a foreclosure really... but the bank sells the house and puts whatever it gets toward the debt of the previous owner and the previous owner still has to pay the bank whatever is left...
#19
MBWorld Fanatic!
Thanks propain for the explanation. Now I know why the owner left some belongings in the garage. Lol
But isn't the value of the house supposed to be higher then the mortgage (debt)? Why would the owner has to pay for whatever is left? I guess the real estate market in US is still in the "crashing" mode, huh?
But isn't the value of the house supposed to be higher then the mortgage (debt)? Why would the owner has to pay for whatever is left? I guess the real estate market in US is still in the "crashing" mode, huh?
#20
MBWorld Fanatic!
Thanks propain for the explanation. Now I know why the owner left some belongings in the garage. Lol
But isn't the value of the house supposed to be higher then the mortgage (debt)? Why would the owner has to pay for whatever is left? I guess the real estate market in US is still in the "crashing" mode, huh?
But isn't the value of the house supposed to be higher then the mortgage (debt)? Why would the owner has to pay for whatever is left? I guess the real estate market in US is still in the "crashing" mode, huh?
5 years ago the bank tells you "Your house is worth 1 mil" You say great "Give me 200K in my equity as a loan for improvements" Now you have lets say a 700K mortgage. 5 years later the bank now says "Your house is worth 500K but you still need to pay me 700K plus interest"
People say "Ohhh really? Fat chance" They stop paying their mortgage and hide the money away that they would be paying. In this market it can take years for a house to complete the foreclosure process because there are so many. In that time people pocket a good amount of cash and file bankruptcy. 7 years of horrible credit but they are out from under the horrible debt they were in.
“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.” - John Adams
#22
Super Member
Congratulations on your new home!I do this for a living so I know your pain at the end it's always worth it for everyone. Enjoy it all in good health.
Last edited by 4ramin; 06-23-2012 at 01:47 PM.
#25
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