Comments on: “Property seems to have no structural problems” http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Thu, 09 Feb 2012 01:07:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 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-3376 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-3376 [...] 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-3375 Renter4 Sat, 29 Dec 2007 01:51:09 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-3375 "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-3374 rick Fri, 28 Dec 2007 19:16:54 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-3374 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-3373 sonarrat Fri, 28 Dec 2007 06:58:41 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-3373 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-3372 sg Fri, 28 Dec 2007 06:02:40 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-3372 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-3371 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-3371 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-3370 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-3370 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-3369 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-3369 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-3368 Renter Thu, 27 Dec 2007 23:43:41 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-3368 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-3367 Renter Thu, 27 Dec 2007 23:39:17 +0000 http://www.burbed.com/2007/12/27/property-seems-to-have-no-structural-problems/#comment-3367 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.

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