The foreclosure tsunami appears to be on its way - new defaults, re-defaults, and foreclosure numbers are rising, and there's still the backlog of those who are attempting to loan mod that will eventually get denied. According to foreclosureradar, there are 4,047...
from the latimes.com: http://www.latimes.com/business/la-fi-default31-2009jul31,0,173542.story About 1 in 10 Californians with a home loan is now in default, and there's growing evidence that the mortgage meltdown is spreading to commercial real estate. The home...
Hat Tip to A.L. for sending these along; BROOKLYN'S SMALLEST HOUSE This house is located near the intersection of Ave T and Van Sicklen: Occupying what used to be a driveway, it's a 1br/1ba home on a parcel of land 7.25 feet wide and 113.67 feet long. The interior...
Why is the foreclosure/short-sale/loan mod process all mucked up? From the N.Y. Times: http://www.nytimes.com/2009/07/30/business/30services.html?_r=1 “For many subprime servicers, late fees alone constitute a significant fraction of their total income and profit,”...
Vacant commercial space is everywhere - especially with office condos around North SD County: CR scooped me again with my own video - it had been a couple of months!
This Carlsbad tract is pretty well hidden - I didn't know it was there until last weekend, and when I first drove by I didn't see it. Builder K. Hovnanian started on these models in June 2007, just as the easy money dried up - and that's as far as they got. Here's...
From a bubbleinfo reader: Jim, My wife and I were biking around Mission Bay yesterday just before sunset. My wife was wearing your Bubbleinfo shirt. Just as we slowed down to avoid hitting a renegade kid crossing the bike path, a 20-something female jogger walked up...
This video shows six properties in Carmel Valley that have a trustee-sale date in the next 4-5 weeks - I blew the first one though, it just closed as a short sale for $875,000. There are more, but we'll add the five to our Carlsbad Nine to use as our test group of...
JtR note: If your house isn't selling, and you are thinking of renting it instead, base the decision on your encumbrances, and your ability to hold out. If you can have a positive cash-flow from renting, then great, consider the joys of being a landlord, and plan to...
With inventory of homes being half of what it was two years ago, buyers and agents are having to consider short sales - besides, they are EVERYWHERE now. Here are the detached listings that have been marked pending or contingent this month: Town or Area Zip Code...
