Tired of the cookie-cutter tract houses everywhere you go? Come to Olde Carlsbad!
Creative REO
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Month: November 2009
More Intel
Here is more from our trustee-sale investigation. When the trustee sale has no bidders, and the property goes 'back to bene', how does the bank perform in the open market? This is a review of the sixty Bank of America and forty of the Wells Fargo REO sales since...
More Recon
It seems like the more time that passes by, the better the selection gets. Though the trustee sales present many hurdles, at least today you have one component availble - these are auction properties that have their opening bid out in the open:
Everywhere You Go…
A tour of homes in Olde Carlsbad that are on the auction list:
The Future of MBS?
So the government says that they are going to stop buying mortgage-backed securities sometime inthe first quarter of 2010. Then what? Let's consider what the Fed's influence has been - are rates artificially low currently? The historic rule-of-thumb has been that you...
Follow-Ups
Let's catch up on some of the properties featured here in the past, leaving out the house numbers to protect the innocent: Anza REO, Vista, 92084 2 br/2 ba + extras, 1,492 sf on tax rolls SP: $470,000 10/04 LP: $132,900 10/09 SP: $163,000 10/09 all-cash 65% below...
Realtor-Talk
I am a proponent of realtors getting the word out, yet very few are willing to publish data or opinions to help consumers. I don't know if it's because local agents live in Kris Berg's shadow at her witty http://sandiegohomeblog.com/ or because agents generally have...
Trustee Sale Today
This property in Bonsall is on the court house steps today. Here is the MLS description from when it sold for $490,000 in 2002: Working horse ranch, huge corral, 2 stalls w/shelter plus extra second corral and miles of trails nearby. Open floor plan that is mostly...
More Pursuit
The buying-at-the-trustee-sale program is coming along - here are more views from the street while in search of the best deals around Carlsbad:
In The Hunt
You've probably been able to follow where the blog is going - the all-out battle for product. If you're a realtor and can't figure out how to bring fresh inventory to your buyers, what good are you? Anybody can monitor redfin or sdlookup, can you duke it out in the...
