The State of California needs to do what regular people do - when you're in trouble, sell assets to generate cash. from sddt.com The city of Del Mar is considering a bid to buy the Del Mar Fairgrounds so that coastal property can remain in the public domain. The Del...
A couple more REO listings came my way from Bank of America. They sent me a new 4,000sf one-story house on 4 acres in a gated community in Pala, whose zip code was marked incorrectly, it was listed as Oceanside's 92054, when it was really 92059. The builder had it...
Still looking for signs of the foreclosure tsunami beginning - now that the MLS requires that REOs be marked clearly, it'll be easier to track. Here are the number of new detached REO listings, per week in San Diego County: Recent Week New REOs # Already Marked...
Bizzle wondered about the all-cash buyers. Did they cash out at the top, and have been patiently bubble-sitting? Out-of-towners? Generational money shift (inheritance, before or after death)? or move-up or down? In the previous post, some of the examples were marked...
Here are some same-house sales in Carlsbad, Encinitas, and Carmel Valley: 4120 Skyline, Carlsbad 92008 3 br/2 ba, 1,725sf YB: 1958 SP: $1,410,000 11/06 SP: $1,130,000 6/09 MT: 439 days This is the house on the splittable 0.72-acre lot on the corner of Tamarack and...
Remember this one, on the outskirts of North Vista? 2115 Vista Grande, Vista 92084 3 br/2.5 ba 1,996 sf 0.67-acre SP: $725,000 6/05 (90% financed) TS: $233,750 3/09 (back to bene WFB) LP: $99,900 5/09 SP: $240,000 7/09 cash They disclosed a bunch of...
NEW YORK (Dow Jones)--For the third straight month, option adjustable-rate mortgages are generating proportionally more delinquencies and foreclosures than subprime mortgages, the scourge of the housing crisis. A further acceleration of troubles among the loans could...
When that article about the blog was syndicated, it ran in the newspaper in Bend, Oregon, and we've picked up some friends since. Bob sent this in from the latest edition of the same paper, evidence that looks like Citi is going after those who owe a balance on their...
If it isn't bad enough just trying to find a decent house for a decent price these days, once you find one, you need to grapple with additional issues. This note was left in the comment section of a youtube video on Carlsbad McMansions: I've done lots of work for...
