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Posted

Are you in Texas. If so, your county clerk should have deed records online that can be searched from your couch. In that search type in your name. Sort by date. Last document you should see is a release. If it’s there the bank has confirmed to the world that you are paid off. 
 

I’ve never been lucky or smart enough to pay off a house so I don’t know what the band sends you. But I have looked at a lot of property records and know what a release looks like. 

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Posted (edited)
1 hour ago, Dendox said:

Are you in Texas. If so, your county clerk should have deed records online that can be searched from your couch. In that search type in your name. Sort by date. Last document you should see is a release. If it’s there the bank has confirmed to the world that you are paid off. 
 

I’ve never been lucky or smart enough to pay off a house so I don’t know what the band sends you. But I have looked at a lot of property records and know what a release looks like. 

I'm in Austin / Travis County.  I'll do a search and see what I find.  Thank you.

 

edit to add:  I did a search on the Travis County Clerk's database and found the "Release of Lien" document from Wells Fargo.  So this is all I need for proof of ownership?  THANK YOU1

Edited by BottleRocket
Posted

For the most part. You get a deed when you buy the property that is held “in trust” by the lender until they are paid. They release their interest and the deed is your proof of ownership. The release says they deed - previously held in trust - is now yours. 

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Posted

10 year down to 3.95 (.025 on the day) hitting 1+ year lows (Oct 3 2024). UWMs 90 bps refi program also still active for 10 more days which several of you have taken advantage of 

Posted

on another note, I'm going to be vacant in my studio next week.  I'm getting lots of interest.  

When a prospective tenant tells you that they have not one, but TWO "emotional support animals", you gotta wonder just how fucked up they could be

 

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Posted
2 hours ago, Gil Bang said:

wrote an all-cash offer today...30 minutes after they accepted another offer.  I'm better, full-price and cash.  Listing agent is loving life, having an ace in the hole.

Sounds like a very good problem to have 

Posted
9 hours ago, Gil Bang said:

here it is, if any of y'all are interested.  https://www.redfin.com/CA/San-Diego/4007-Everts-St-92109/unit-3G/home/5177553

We are having Santa Ana winds, and it's absolutely beautiful weather.  The pussy on that boardwalk...holy moly.  Every hot piece of ass at UCSD and their milf moms were jogging there yesterday and today.

 

I played volleyball once or twice weekly in front of this building for a summer a year and a half ago. Right past all the dinghy’s. July 4th and Labor Day in Crown Point rival spring break trips with the amount of ass out

Posted

Curious about what you pros think about the uptick in delistings?  To me is sort of confirms what I have been saying for quite a while now, there are a lot of listings that are NOT priced to sell.  The sale is not the goal, the high sale price memory from two years ago is the goal.  And when you don't need to sell, are you really trying to sell?  Or just wasting everyone's time?  Anyhow this article is about how much higher than historic delistings are helping keep listing prices high.

A growing number of home sellers are taking lingering properties off the market instead of lowering their prices.

Quote

Sellers may also hesitate to lower prices if they watched friends or neighbors fetch sky-high sums over the past few years, when bidding wars and all-cash offers dominated the market, said Yelena Maleyev, senior economist at KPMG.

“That kind of psychology sticks around for a while,” Maleyev said. “‘My neighbor sold their house for $100,000 over asking three years ago. Why can’t I?’”

 

Posted
44 minutes ago, horn4life said:

Curious about what you pros think about the uptick in delistings?  To me is sort of confirms what I have been saying for quite a while now, there are a lot of listings that are NOT priced to sell.  The sale is not the goal, the high sale price memory from two years ago is the goal.  And when you don't need to sell, are you really trying to sell?  Or just wasting everyone's time?  Anyhow this article is about how much higher than historic delistings are helping keep listing prices high.

A growing number of home sellers are taking lingering properties off the market instead of lowering their prices.

 

Quote

But Kemp also thinks the entire economy is in transition. As a Trump supporter, Kemp said he believes in the president’s push to recalibrate the economy. But it will be bumpy, and “we’re experiencing that crunch,” he said. In the meantime, he said his options — to sell, refinance or explore other loan products — are few and far between.

“The flexibility is not there,” Kemp said. “So here we are just dog-paddling, so to speak.”

Idiot.

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Posted
1 hour ago, horn4life said:

Curious about what you pros think about the uptick in delistings?  To me is sort of confirms what I have been saying for quite a while now, there are a lot of listings that are NOT priced to sell.  The sale is not the goal, the high sale price memory from two years ago is the goal.  And when you don't need to sell, are you really trying to sell?  Or just wasting everyone's time?  Anyhow this article is about how much higher than historic delistings are helping keep listing prices high.

A growing number of home sellers are taking lingering properties off the market instead of lowering their prices.

 

Its the stages of grief.

Letting it sit on the market was the denial phase, delisting is the anger phase....relisting at a lower price is the acceptance phase.   

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Posted
1 hour ago, horn4life said:

Curious about what you pros think about the uptick in delistings?  To me is sort of confirms what I have been saying for quite a while now, there are a lot of listings that are NOT priced to sell.  The sale is not the goal, the high sale price memory from two years ago is the goal.  And when you don't need to sell, are you really trying to sell?  Or just wasting everyone's time?  Anyhow this article is about how much higher than historic delistings are helping keep listing prices high.

A growing number of home sellers are taking lingering properties off the market instead of lowering their prices.

 

I only skimmed your link, but after 25 years in real estate I’ll say that the media, 99% of the time, exaggerates a superficial cause or correlation so there’s a hook for content.  
 

Let me give you an example-let’s say there’s a seasonal affect to delistings and sellers don’t want the trouble of keeping a house available during the holidays, most buyers aren’t shopping, and re-listing in January makes the house appear re-introduced.  Given the fact listings are up, the percentage of these delisting might not be significant but the total number appears higher than normal.  Or maybe the percentage is up, but it’s by such a fractional amount it wouldn’t deserve mention except as a way to provide a little more evidence to help support the story the journalist wants to tell.  
 

Anyway, I’m not saying that this is conclusively going on, just that I’ve noticed a lot of these venerable news gathering organizations are actually pretty lazy when it comes to areas of my professional expertise because the algorithm (and editors/publishers before that) demand new content. 

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Posted

I don't know about anyone else but the buy/sell market right now seems to be absolutely stone cold dead right now.  It's always slow around this time of year, sure, but seems way slower than normal to me at least.  I also haven't had much in the way of bites on my rental house- it's clearly priced according to what other houses similar are getting but that's not a thing.  We went 2 weeks at what market appeared to be and then dropped $100 about 3 days ago and had 1 inquiry is all. This is entry level blue collar price point- below median and on par with mobile home rental.  

Interesting. 

Professionally I'm absolutely killing it- I'm going to hit my goal numbers which were stretch- should do like almost 150 units and 75M or so.  But the last 60 of those are going to be almost all refi related (I mean- I set it all up to make that happen when the market came down with 1/0 buy downs and all closing costs paid on the back end) - if I was relying only on sales these last 3 or 4 months of the year would be almost as grim as the worst parts of 2023.  

Posted
6 hours ago, Incredulity said:

Its the stages of grief.

Letting it sit on the market was the denial phase, delisting is the anger phase....relisting at a lower price is the acceptance phase.   

I had a guy on my street I'm friendly with (former ACC football coach, he has given me crap about the horns for years) who listed and couldn't get what he wanted ($1.1mm ish range). He did some work in the back yard with a new pergola and kitchen, etc. and relisted at $1.2.

Sat for what felt like 9 months (at least 6, no joke) with various re-pricing strategies, etc. and you could visibly see the palpable shame he wore with not being able to sell it. It's like he took it personally and it was a ding on his character and identity. He would get visibly nervous and shaken up by talking about it and so nobody brought it up anymore at community events, etc.

Then one day he quietly delisted. Weird story, eh?

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Posted
52 minutes ago, Vegas64 said:

I had a guy on my street I'm friendly with (former ACC football coach, he has given me crap about the horns for years) who listed and couldn't get what he wanted ($1.1mm ish range). He did some work in the back yard with a new pergola and kitchen, etc. and relisted at $1.2.

Sat for what felt like 9 months (at least 6, no joke) with various re-pricing strategies, etc. and you could visibly see the palpable shame he wore with not being able to sell it. It's like he took it personally and it was a ding on his character and identity. He would get visibly nervous and shaken up by talking about it and so nobody brought it up anymore at community events, etc.

Then one day he quietly delisted. Weird story, eh?

There’s definitely a dearth of demand at certain prices.  I’ve got a former colleague that did very well on a flip in 2023 and just let the bank take back his subsequent $2.5 m Westlake flip because he’s been unable to sell it for two years.  

His thinking was that Westlake real estate should have more a demand floor because of the location premium, and that buyers in that price range would be more immune from job or recession concerns.

Posted
On 10/29/2025 at 1:49 PM, UTPhil2006 said:

Also QT ending in Dec 

Don’t worry everyone. A new Fed Chairman is coming, along with a new round of QE, so that mortgage rates will drop and a whole new asset bubble on top of the previous asset bubble will emerge. Bubble Squared! To really cement wealth concentration even more. Yay?

Posted
4 hours ago, Dbeasy said:

Don’t worry everyone. A new Fed Chairman is coming, along with a new round of QE, so that mortgage rates will drop and a whole new asset bubble on top of the previous asset bubble will emerge. Bubble Squared! To really cement wealth concentration even more. Yay?

I doubt it. There was absolutely no need for QT the last 6 months (maybe more) and liquidity is beginning to become an issue. I doubt we will see (much-any?) serious run at QE but some of the stuff they are doing allowing banks to buy and hold treasuries as zero risk assets are smart and will likely be helpful for borrowing costs all around. The Us government calling US treasuries a zero risk asset seems fair. It’s backed by the full faith and credit of the US government so having that as policy isn’t weird.  

Posted
On 10/31/2025 at 4:44 PM, LCHorn said:

There’s definitely a dearth of demand at certain prices.  I’ve got a former colleague that did very well on a flip in 2023 and just let the bank take back his subsequent $2.5 m Westlake flip because he’s been unable to sell it for two years.  

His thinking was that Westlake real estate should have more a demand floor because of the location premium, and that buyers in that price range would be more immune from job or recession concerns.

A new house popped up in our screen today- a 2025 4K SF spec build that has been on the market for 6 months. Originally offered just over $4mm. 
here’s what happened since then:

image.thumb.png.b54169fb0251a78f535d5e3f9fed3e03.png

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