Comments on: More Pursuit http://www.bubbleinfo.com/2009/11/19/more-pursuit/ An insider's guide to North San Diego County Real Estate Wed, 10 Mar 2010 10:00:59 -0700 hourly 1 By: Jim the Realtor http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25446 Jim the Realtor Sat, 21 Nov 2009 15:17:27 +0000 http://www.bubbleinfo.com/?p=5225#comment-25446 Sol, Once they run the occupants out of the house, it'll be listed with a realtor and inputed onto the MLS for sale, hopefully at an attractive price in the next 2-4 months (unless tenant-occupied with long-term lease who wants to stay). You are doing what every potential home buyer should be doing, staying aware of houses that should be hitting the market before long. If it's one you might buy, you have a head-start on it, if not then at least you know it could provide disruption for others - you won't walk around the corner and pay $800,000 for one that's a little bigger. Sol,

Once they run the occupants out of the house, it’ll be listed with a realtor and inputed onto the MLS for sale, hopefully at an attractive price in the next 2-4 months (unless tenant-occupied with long-term lease who wants to stay).

You are doing what every potential home buyer should be doing, staying aware of houses that should be hitting the market before long.

If it’s one you might buy, you have a head-start on it, if not then at least you know it could provide disruption for others – you won’t walk around the corner and pay $800,000 for one that’s a little bigger.

]]> By: Sol http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25441 Sol Sat, 21 Nov 2009 12:44:04 +0000 http://www.bubbleinfo.com/?p=5225#comment-25441 Jim - I've been watching, 6914 Waters End, for over a year - original trustee sale date started 10/9/08, postponed numerous times until 10/29/09. Minimum bid - $622,625., current status - reverted to lender. Which supposedly means it didn't receive a minimum bid. What happens next? Will this property eventually be rescheduled for auction? Property has additionally been attached for back HOA, and I would assume taxes. If this were to be rescheduled and receives the minimum, is the minimum bidder on the hook for additional lien/s and back taxes? How does one find out this additonal financial information? Thank you in advance ~ Sol Jim -

I’ve been watching, 6914 Waters End, for over a year – original trustee sale date started 10/9/08, postponed numerous times until 10/29/09. Minimum bid – $622,625., current status – reverted to lender. Which supposedly means it didn’t receive a minimum bid.

What happens next? Will this property eventually be rescheduled for auction? Property has additionally been attached for back HOA, and I would assume taxes. If this were to be rescheduled and receives the minimum, is the minimum bidder on the hook for additional lien/s and back taxes? How does one find out this additonal financial information?

Thank you in advance ~ Sol

]]> By: ocsecondhome http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25435 ocsecondhome Sat, 21 Nov 2009 04:42:51 +0000 http://www.bubbleinfo.com/?p=5225#comment-25435 Local Boy is correct in that you get a refund if you have cashiers checks for too mcuh. In most cases you get a refund with the Deed withing 10 or 14 days. The last purchases the company I work for has been getting a letter with the Deed telling us refund will be mailed within so many days-It has been running about 5 days after we receive the Deed Local Boy is correct in that you get a refund if you have cashiers checks for too mcuh. In most cases you get a refund with the Deed withing 10 or 14 days. The last purchases the company I work for has been getting a letter with the Deed telling us refund will be mailed within so many days-It has been running about 5 days after we receive the Deed

]]> By: red herring http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25406 red herring Fri, 20 Nov 2009 18:06:33 +0000 http://www.bubbleinfo.com/?p=5225#comment-25406 The govt is offering more 0 down loans through the usda rural development program.Area has to have < 2ok poplulation. Check to see if your area qualifies: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1 The govt is offering more 0 down loans through the usda rural development program.Area has to have < 2ok poplulation.

Check to see if your area qualifies:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1

]]> By: Justabroker http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25405 Justabroker Fri, 20 Nov 2009 17:53:00 +0000 http://www.bubbleinfo.com/?p=5225#comment-25405 Mid-sixties Caprice also had the moon hubs. Saw one today, I was trying to figure out how Mr. Foothill nailed it so fast. Mid-sixties Caprice also had the moon hubs. Saw one today, I was trying to figure out how Mr. Foothill nailed it so fast.

]]> By: Geotpf http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25403 Geotpf Fri, 20 Nov 2009 16:46:48 +0000 http://www.bubbleinfo.com/?p=5225#comment-25403 I thought the recommended practice was to bring a whole bunch of cashier's checks in different amounts. That is, let's say the property starts at $500k and you won't pay more than $649k. Bring one check for $500k, two for $50k, four for $10k, one for $5k, and four for $1k. That way, you could bid anything from $500k to $649k in $1k increments and then hand over a handful of checks for the proper amount, and then you just redeposit whatever is left over afterwards. I thought the recommended practice was to bring a whole bunch of cashier’s checks in different amounts. That is, let’s say the property starts at $500k and you won’t pay more than $649k. Bring one check for $500k, two for $50k, four for $10k, one for $5k, and four for $1k. That way, you could bid anything from $500k to $649k in $1k increments and then hand over a handful of checks for the proper amount, and then you just redeposit whatever is left over afterwards.

]]> By: JordanT http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25401 JordanT Fri, 20 Nov 2009 14:42:12 +0000 http://www.bubbleinfo.com/?p=5225#comment-25401 <i>…and 2009/10 knifecatchers will be 2011/12 foreclosures..just sayin.</i> There will be some foreclosures, and the FHA loans are a problem if they don't force people to come up with the 3.5% DP on their own. However, a lot of people are buying all cash and with high down payments with fixed rate loans. These aren't people who are going to be foreclosed on at high rates, unless we get back to cash out refis at 100% LTV. When people are plunking down $100K-$500K of their own cash for the DP they'll be far less likely to walk …and 2009/10 knifecatchers will be 2011/12 foreclosures..just sayin.

There will be some foreclosures, and the FHA loans are a problem if they don’t force people to come up with the 3.5% DP on their own. However, a lot of people are buying all cash and with high down payments with fixed rate loans. These aren’t people who are going to be foreclosed on at high rates, unless we get back to cash out refis at 100% LTV. When people are plunking down $100K-$500K of their own cash for the DP they’ll be far less likely to walk

]]> By: Wizard http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25391 Wizard Fri, 20 Nov 2009 05:30:54 +0000 http://www.bubbleinfo.com/?p=5225#comment-25391 10.Imagine that 2007/2008 knife catchers are 2009/2010 foreclosures. This can’t be the same Carlsbad I know in the immune NCC area. ...and 2009/10 knifecatchers will be 2011/12 foreclosures..just sayin. 10.Imagine that 2007/2008 knife catchers are 2009/2010 foreclosures. This can’t be the same Carlsbad I know in the immune NCC area.

…and 2009/10 knifecatchers will be 2011/12 foreclosures..just sayin.

]]> By: brian http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25389 brian Fri, 20 Nov 2009 04:31:03 +0000 http://www.bubbleinfo.com/?p=5225#comment-25389 I know this area. The back yards are literally about 8 feet deep - tiny. It is close to the beach, however. You can walk/bike to the beach without too much trouble. Just cross one short bridge over the train tracks. You are also gated and have some common amenities. It is not bad. Aviara is definatley a more established community, however. Much more likely to sell for > 700K IMHO. I know this area.

The back yards are literally about 8 feet deep – tiny.

It is close to the beach, however. You can walk/bike to the beach without too much trouble. Just cross one short bridge over the train tracks.

You are also gated and have some common amenities.

It is not bad.

Aviara is definatley a more established community, however. Much more likely to sell for > 700K IMHO.

]]> By: Jim the Realtor http://www.bubbleinfo.com/2009/11/19/more-pursuit/comment-page-1/#comment-25384 Jim the Realtor Fri, 20 Nov 2009 04:04:45 +0000 http://www.bubbleinfo.com/?p=5225#comment-25384 JK, He refers to it as a pre-payment penalty, he'd prefer to go three years at 11%, but I'm not sure you will. MB Guy - you can check with my old friend Mike Anthony, he's lived in San Clemente for 20 years and is a CB realtor: http://www.MichaelAnthonyRealtor.com I've known Mike since 1972 - he can tell some stories. JK, He refers to it as a pre-payment penalty, he’d prefer to go three years at 11%, but I’m not sure you will.

MB Guy – you can check with my old friend Mike Anthony, he’s lived in San Clemente for 20 years and is a CB realtor:

http://www.MichaelAnthonyRealtor.com

I’ve known Mike since 1972 – he can tell some stories.

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