John Wagner, one of our Klinge Realty agents, brought to our attention the lawsuit mentioned in the latest CAR update. A few years back, a few realtors started tacking on additional garbage fees like the lenders do, calling them "transaction fees" or "document...
A youtube video tour around Vista, CA, with a shot of the King thrown in the middle:
This one sold for $850,000 in March 2007, which was the height of the craziest money. Pseudo-banks were lending up to $1,500,000 with no down payment to anyone who asked with a decent credit score. We'll call it the "Jenae-era". We're only two years past it. Don't be...
A good way to track foreclosure activity is to monitor the same four REO listing agents over time. If the flood gates open, they'll be the first to feel it. Here are their numbers today - it looks like we're going backwards: APR 18, 2008 - 467 Actives/247 Pendings =...
The lenders have received numerous requests for loan modifications. But many borrowers don't qualify, for various reasons: 1. Too far underwater. 2. Lousy financial package (make too much $$, make too little $$, incomplete pkg., etc.). 3. Not primary residence. 4. Not...
No techie asked to see one of these REOs after someone buy one, and what happens then. This house looked just like the $150,000 graffiti-mansion in Vista when these folks bought it for $163,000 in January, 2009. They fixed it up quick, and in March listed it for sale...
(hat tip to Nathan) The Inland Valley Daily Bulletin. Matt Wrye, Staff Writer Created: 04/25/2009 06:21:38 PM PDT http://www.dailybulletin.com/business/ci_12228714 “Economists and real-estate agents are counting on homeowner affordability to stabilize California’s...
The listing agent reports that their are several all-cash offers in on this new REO listing:
From the U-T, note the last paragraph: CAMBRIDGE, Mass. – The nation's housing market may begin to recover this year, ahead of the general economy, but only if a lot of “ifs” go the right way, according to a co-author of one of the most-watched housing indexes. Karl...
Let's examine the Case-Shiller Index methodology with the March sales in Carlsbad. They only use SFRs, so the condos, mobiles, and multi-families are omitted, which is good. Last month there were 43 MLS sales in Carlsbad, but only 20 of them would count towards the...
