In case you didn't catch it in other places..... Bank of America's statement about their foreclosures/REOs: Foreclosure sales have been abnormally low since we learned of the pending implementation of the administration’s Making Home Affordable program. From that...
Rob Dawg said to keep an eye on seasonality, and I think we can all concur that the real estate market around the holidays is "different" than other months. I took out RSF and La Jolla, and ran stats on Carlsbad-to-Carmel Valley detached. Let's compare 3Q to 4Q: Year...
This youtube video describes a new business venture for Klinge Realty that might produce 2-3 deals over the next two years. We're not looking to take over the market, or change the status quo - just to help out a few buyers, and possibly pick up some blog...
SOUTH WILLIAMSPORT, Pa. — Chula Vista Park View can lay claim to being the best Little League All-Star team in the world. After falling behind 3-0, Park View rallied to defeat Taiwan 6-3 Sunday to win the 63rd Little League World Series before a national television...
Here's a story about the changes being discussed to the mortgage interest deduction. The $41 billion in savings over 10 years sounds trival - but could it have unintended consequences? Would you change your plans about buying a house if the MID was lowered?...
Selling in the newer tracts can be treacherous - do your homework, and get help! The 147 houses in these two Carlsbad tracts were sold by Shea Homes in 2003 and 2004, and have a $111/mo HOA fee and the Mello-Roos is $884/yr. Current Activity: 2 = NODs 1 = NOTS 1 =...
Today's youtube video tour of a house that was overbid at the trustee sale:
The foreclosure flood has begun......well, it starts with a drop, right? I was assigned another REO from Bank of America today, and while I'm glad to see that I'm still on their roster, they must be trying to teach me a lesson - the last two were in Pala, now another...
Investors - how do you like the idea of buying mortgages that are in default? Or once foreclosed, buying the properties direct from the seller/lender? Here's a link to a company doing it: http://www.realtynotebid.com/ They've just gotten started in the last few...
We've followed the same four REO listing agents since 2007, looking for clues about the flow of REO inventories. Here is a comparison of late-August numbers: August 21, 2007 - 382 Actives/111 Pendings = 3.44 August 21, 2008 - 121 Actives/147 Pendings = 0.82 August...
