Comments on: “Property seems to have no structural problems” http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/ SF Bay Area Real Estate, Home Price and Mortgage Insanity Blog - Burbed.com Thu, 09 Sep 2010 08:36:09 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: A guide to Menlo Park neighborhoods for Spring Bounce [Burbed.com] http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-12618 A guide to Menlo Park neighborhoods for Spring Bounce [Burbed.com] Sun, 03 Feb 2008 13:53:30 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-12618 [...] If I were you, I’d skip the game and start studying the MLS and going to open houses. At the end of last year, “Real Estater” posted a handy guide to Menlo Park that may be of use to you if you’re going in that direction: “Property seems to have no structural problems” [Burbed.com] [...] [...] If I were you, I’d skip the game and start studying the MLS and going to open houses. At the end of last year, “Real Estater” posted a handy guide to Menlo Park that may be of use to you if you’re going in that direction: “Property seems to have no structural problems” [Burbed.com] [...]

]]> By: Renter4 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11756 Renter4 Sat, 29 Dec 2007 01:51:09 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11756 "Real" MP schools are actually not that great. Elementary is fine, but at the high school level it gets dicey. Some very large proportion of the area kids go to private school after 8th grade. “Real” MP schools are actually not that great. Elementary is fine, but at the high school level it gets dicey. Some very large proportion of the area kids go to private school after 8th grade.

]]> By: rick http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11749 rick Fri, 28 Dec 2007 19:16:54 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11749 Oops, I was feeling something fishy there. I don't see anything worth buying in the bay area for the next two years. Oops, I was feeling something fishy there. I don’t see anything worth buying in the bay area for the next two years.

]]> By: sonarrat http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11739 sonarrat Fri, 28 Dec 2007 06:58:41 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11739 Dear SG, I could only hope to be so fortunate as to send a child to Menlo-Atherton schools. But I wouldn't even want to walk next to East Palo Alto High School - which, incidentally, is in this part of Menlo Park and also counts its children among its enrollees. Dear SG,
I could only hope to be so fortunate as to send a child to Menlo-Atherton schools. But I wouldn’t even want to walk next to East Palo Alto High School – which, incidentally, is in this part of Menlo Park and also counts its children among its enrollees.

]]> By: sg http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11738 sg Fri, 28 Dec 2007 06:02:40 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11738 Dear Real Estater, Bay area public schools suck big time on national level. Any smart parents would rather send their kids to a private school instead wasting their money on a shack located in a "real" Menlo Park or a "real" Cupertino. Dear Real Estater,
Bay area public schools suck big time on national level.
Any smart parents would rather send their kids to a private school instead wasting their money on a shack located in a “real” Menlo Park or a “real” Cupertino.

]]> By: ex-sunnyvale-renter http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11736 ex-sunnyvale-renter Fri, 28 Dec 2007 05:24:45 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11736 Ouch. Of course private schools are big in California..... for a reason..... avoid divershitty.... Ouch. Of course private schools are big in California….. for a reason….. avoid divershitty….

]]> By: Real Estater http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11735 Real Estater Fri, 28 Dec 2007 05:12:13 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11735 To those who are not familiar, there are 3 distict "Menlo Park" neighborhoods by the same name: 1. The "real" Menlo Park - Multi-million dollar homes. 2. "East" Menlo Park - Ghetto area; same as East Palo Alto. 3. "Unincorporated" Menlo Park - Kids aren't entitled to go to Menlo Park schools; get bus'ed to ghetto area of Redwood City for school. Be very careful when shopping for real estate there. Don't work with an idiot real estate agent who can't tell the difference between 1, 2 and 3. #2 is fairly obvious, but #3 is not as widely known. If you see a new-ish looking big house priced at under $2 mil, then it might be in area #3. As the saying goes, if it sounds too good to be true... To those who are not familiar, there are 3 distict “Menlo Park” neighborhoods by the same name:

1. The “real” Menlo Park – Multi-million dollar homes.
2. “East” Menlo Park – Ghetto area; same as East Palo Alto.
3. “Unincorporated” Menlo Park – Kids aren’t entitled to go to Menlo Park schools; get bus’ed to ghetto area of Redwood City for school.

Be very careful when shopping for real estate there. Don’t work with an idiot real estate agent who can’t tell the difference between 1, 2 and 3. #2 is fairly obvious, but #3 is not as widely known. If you see a new-ish looking big house priced at under $2 mil, then it might be in area #3. As the saying goes, if it sounds too good to be true…

]]> By: ex-sunnyvale-renter http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11734 ex-sunnyvale-renter Fri, 28 Dec 2007 00:53:08 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11734 I remember the BNC Mortgage place in SoCal, right beside the 55 fwy in Costa Mesa, envisioned paying a mortgage in BNC connectors lol. Well! Citi's in trouble, legal way to rob the bank indeed. I remember the BNC Mortgage place in SoCal, right beside the 55 fwy in Costa Mesa, envisioned paying a mortgage in BNC connectors lol.

Well! Citi’s in trouble, legal way to rob the bank indeed.

]]> By: Renter http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11733 Renter Thu, 27 Dec 2007 23:43:41 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11733 BTW, BNC was the lending unit of Lehman Brothers. This is the legal way to rob the bank. Unfortunately, I missed the opportunity. BTW, BNC was the lending unit of Lehman Brothers. This is the legal way to rob the bank. Unfortunately, I missed the opportunity.

]]> By: Renter http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11732 Renter Thu, 27 Dec 2007 23:39:17 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11732 History of this house: the current owner bought it on 11/23/2005 with $420K mortgage from New Century Mortgage; refinanced to $544K from BNC Mortgage Inc on 4/14/2006; refinanced to $620.5K from Argent Mortgage Co on 10/12/2006. New Century and BNC are gone. Argent became part of Citi Group. The smart owner carried bags of cash, leaving the trash to the bank. History of this house: the current owner bought it on 11/23/2005 with $420K mortgage from New Century Mortgage; refinanced to $544K from BNC Mortgage Inc on 4/14/2006; refinanced to $620.5K from Argent Mortgage Co on 10/12/2006. New Century and BNC are gone. Argent became part of Citi Group. The smart owner carried bags of cash, leaving the trash to the bank.

]]> By: New Zealand Renter http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11731 New Zealand Renter Thu, 27 Dec 2007 23:19:14 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11731 sonarrat has it right. The "Menlo Park" neighborhood on the Bay side of 101 has always been considered an East Palo Alto type real estate market. Don't count on the Menlo Park police coming when you dial 911, they are afraid to go in that area. sonarrat has it right. The “Menlo Park” neighborhood on the Bay side of 101 has always been considered an East Palo Alto type real estate market. Don’t count on the Menlo Park police coming when you dial 911, they are afraid to go in that area.

]]> By: ex-sunnyvale-renter http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11730 ex-sunnyvale-renter Thu, 27 Dec 2007 20:03:06 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11730 but Sonnarat, meth can STILL be cooked in that garage! It's an opportunity! lol! but Sonnarat, meth can STILL be cooked in that garage! It’s an opportunity! lol!

]]> By: sg http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11729 sg Thu, 27 Dec 2007 19:05:13 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11729 Rick, there is no need to bid higher. It's 440K now and has been on the market for more than 90 days. Rick, there is no need to bid higher. It’s 440K now and has been on the market for more than 90 days.

]]> By: sonarrat http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11728 sonarrat Thu, 27 Dec 2007 18:19:26 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11728 That's not correct, actually - it's not near the Redwood City border and it's not near El Camino Real. It's in Belle Haven, near the East Palo Alto border. That’s not correct, actually – it’s not near the Redwood City border and it’s not near El Camino Real. It’s in Belle Haven, near the East Palo Alto border.

]]> By: ex-sunnyvale-renter http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11727 ex-sunnyvale-renter Thu, 27 Dec 2007 17:55:27 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11727 That looks like it's on the border between Menlo and Redwood City, you know, where all those porn shops and cathouses are on El Camino Real. Weird area, especially at night - cops follow you around, wierd people look at you like you might be a rival gang member.... But meth can be cooked in that garage! And yes, it's within 20 miles or so of Stanford.... That looks like it’s on the border between Menlo and Redwood City, you know, where all those porn shops and cathouses are on El Camino Real. Weird area, especially at night – cops follow you around, wierd people look at you like you might be a rival gang member….

But meth can be cooked in that garage!

And yes, it’s within 20 miles or so of Stanford….

]]> By: rick http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11726 rick Thu, 27 Dec 2007 16:44:27 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11726 OMG! Does this mean Menlo Park is no longer part of the Bay Area? I'd better hide this away from my wife, as soon as she sees this her nesting instinct will drive her out and bid for $600k. I can't believe a Menlo Park house close to Stanford and 5000+ sq is under $500k. Even the land should worth more than that right? OMG!

Does this mean Menlo Park is no longer part of the Bay Area? I’d better hide this away from my wife, as soon as she sees this her nesting instinct will drive her out and bid for $600k.

I can’t believe a Menlo Park house close to Stanford and 5000+ sq is under $500k. Even the land should worth more than that right?

]]> By: 3rd Generation http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11725 3rd Generation Thu, 27 Dec 2007 15:41:58 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-11725 “Property seems to have no structural problems” -"George W. Bush seems to be smart" -"Dick Cheney seems to be honest" -"I'll stop if it hurts, Honey"... Loan Recently Transfered to another Servicing Company and Short Sale Package is complete. Hurry and submit offers. GET REAL. “Property seems to have no structural problems”

-”George W. Bush seems to be smart”

-”Dick Cheney seems to be honest”

-”I’ll stop if it hurts, Honey”…

Loan Recently Transfered to another Servicing Company and Short Sale Package is complete. Hurry and submit offers. GET REAL.

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