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...
Month: May 2009
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:
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...
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...
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...
April Sales
Here are the number of detached sales from the MLS, and average dollars-per-square-foot for April, 2005, 2008, and 2009. WHICH AREA IS THE BEST BUY TODAY, AND WHY? The person with the best answer will receive four tickets to tomorrow night's Padres game vs. the...
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...
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...
REO Pricing – New Strategy?
Lately the Countrywide foreclosures that have been coming my way have been listed below my BPO (broker price opinion). It was reflected on my latest scorecard too, I got dinged 20% because I was selling them too high - my REO closed sales last quarter were 107% over...
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...