Month: May 2009

New Mortgage Legislation

The last sentence here should be a deterent, hopefully, but the standards are a bit vague: WASHINGTON (Dow Jones)--Legislation to overhaul U.S. mortgage lending passed the House Thursday as lawmakers sought to rein in practices blamed for the foreclosure crisis.   The...

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Mag. Estates 2

This 4,985sf single level was on the market for $1,840,000 until October, 2008, but you'd have to include a truckload of Laker memorabilia to get that much now:

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Magnolia Estates, Carlsbad

Bank of America foreclosed on Barratt American's 12 projects in Southern California, and has now put them out for bid. Carlsbad's Magnolia Estates is being offered as a package of: Five finished lots that average a half-acre, plus Six almost-complete houses that range...

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Coconutty

The family has owned this property since the 1950s, yet the last few years have been turbulent. We had offered her $1,000,000 two years ago, but she wanted to retain ownership, and eventually build out the property, like her dad envisioned. Instead, the daughter...

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Value in Vista

The last chart showed that the best stats for $-per-sf were in Vista zips 92083 and 92084, at $162/sf and $160/sf, respectively.  Also noteworthy was that their April, 2009 sales were both at or above 2005's numbers. Are there good deals in Vista? We've seen a few of...

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NOD/NOTS Counts

from sddt.com: Notices of default fell 13.8 percent while trustee’s deeds increased 17.1 percent from March to April, according to statistics from the San Diego County Assessor.  Although trustee deeds increased from a two-year low of 844 to 988, the number is still...

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VP Train Wreck

Kelly has a nice update on the Vantage Point condo complex downtown: http://www.voiceofsandiego.org/articles/2009/05/04/housing/840vp050309.txt From the article, the big picture of the downtown SD condo market: "It is unclear even yet what effect the building's...

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Temecula 20-House Demo

A few days ago we saw the youtube video of the new homes being torn down in Victorville  - and they mentioned Temecula as the next stop for the wrecking ball.         We checked the tax rolls for properties owned by the same Guaranty Bank of Irvine, and found a tract...

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