From Peter Y. Hong: http://www.latimes.com/business/la-fi-mortgage-fraud-2009aug11,0,7969080.story From 2000 to 2003, the group pumped up home appraisals and arranged straw purchases of houses in Beverly Hills, Bel-Air and other neighborhoods. After obtaining...
From sddt.com: A new report concludes the level of commercial loan defaults accelerating, but whether that means a surge of commercial foreclosures in San Diego depends on who is assessing the data. Nationally, the Deutsche Bank report noted more than $2 trillion...
After the display of quarterly sales, reader 'propertysearch' asked about the pricing curve. The cost-per-sf measurement is an imperfect tool when analyzing individual homes, there tends to be a complexity of other factors that weigh into the buying decision. ...
The first two properties featured are already bank-owned, and the third has their trustee-sale date bearing down on them - and we're not fooling around with subprime crackerboxes anymore: Most of the defaulters I have spoken with claim that they are just doing a loan...
It was mentioned yesterday that we could be in for a "long cold winter" if sellers think they can start raising their list prices. The last two years in North SD County Coastal (Carlsbad to Carmel Valley) has seen detached sales drop off between the 3rd and 4th...
At first this video seemed like it would be a quick 3-4 minute jaunt, but it turned into a full-length feature film instead - sorry. Here's the condensed version: At the beginning of the year many of us thought that Carmel Valley would be finally taking a hit on...
Rumors are circulating that San Diego County has 20,000, 40,000 or 60,000 bank-owned properties coming to market (I've heard all three numbers). How many can we handle? All of them of course, because there's nothing price won't fix. But how many could come to market...
I have been very fortunate to have reporters quote me accurately. But this is stretching it - Forbes called a few weeks ago looking for my thoughts, and while I did say the things below, I said, "I don't do loan mods, you need to speak to people that do them"....
This youtube video tour was taped a couple of weeks ago - and pertains to the area known as Del Mar Heights, west of the I-5 freeway in 92014: Here are today's comps for the entire area, not just the streets mentioned in the video: dmheightscma1
For the folks who want to get in at the ground floor in Carlsbad, the street named Sierra Morena has been the place to look. This house was purchased by the previous owner for $565,000 in December, 2004, and there were a handful of others that went for as much as...
