Historical Free-for-all!
This site began in June 2006. For this weeks open topic Friday Free-for-all, let’s take a look back at some of the stories we’ve covered. In the last 3 years we’ve seen the US market bubble crash hard – Case Shiller recently recorded Phoenix as the first US city that has dropped more than 50% from the peak. Here in Vancouver we’re a couple years behind the US, but the economic indicators haven’t been that uplifting lately. Let’s look back at a time when we could laugh at the bubble:
-First Post! Think like a MILLIONAIRE!
-Stretching the loon – tips for first time buyers
-YOU can GET RICH in REAL ESTATE!
-MLS realtor-speak translation guide
-Sydney Australia vs Vancouver BC
-Types of potential buyers
-CMHC giveth zero down 40 year, then taketh away
-Housing market fantasies for Bears and Bulls
-What is sticker-flicker?
-Vancouver house price drop shopping spree!
So what are you seeing out there, and what have you seen? Any moments of nostalgia for the heights of the bubble days? Wish you’d bought in 2006? Post your news links, thoughts and anecdotes here and have an excellent weekend!
May 19th, 2009 at 10:42 pm
kersplatt,
Thank you for your informative post. Also to other posters here who so generously share their knowledge. This is one of the few forums in which there is intelligent discourse on the subject of real estate. In my lifetime, people have stopped attending church and now manifest their tendencies to idolatry in the form of granite counter tops.
May 19th, 2009 at 2:29 pm
Anonymouse:
#51 Anon,
1)After the process of foreclosure has wound through the courts a judge issues an order to sell the property in question. The offers are sealed and acceptance by the court is based on the court ordered independant appraisal. This is based on a foreclosure judgement not a realtors sales pitch that a foreclosure proceeding is active or that a tax lien has been filed. Realtors are such scum, less than 1 in 100,000 would understand the proceedings.
2) If a divorce has remained unsettled then the claimants can apply for a court ordered sale.
3) If the public trustee ( shudder) is involved they will apply to the courts for the right to sale a property under the supervision of the courts. Say for example a person would have died intestate ( no will) or a minor child orphaned where the state would sell the childs estate assets to pay for support.
It could probably described 'more better' but thats generally the idea.
May 19th, 2009 at 1:56 pm
Hi,
Can someone tell me what a 'Court Ordered Sale' means? This a result of a divorce or something?
Thanks
Ps. love the blog/comments