There have been 3,557 properties sell so far this year in our North SD County Coastal region. If the bulk of the 1,342 properties from Carlsbad to La Jolla that are currently on the NOD and NOT lists end up hitting the market next year, we'll get to experience some...
Month: December 2009
2009 – Thank You!
I am eagerly anticipating the new year because of the challenge of trying to beat 2009, the greatest year a guy could have! On February 25, 2009, I spent the afternoon with Peter Y. Hong from the L.A. Times - it would be a day that changed my life forever. Here's how...
Chevy TV
From the hills to the sea, trustee-sale pricing has gotten more attractive - here's another example:
Buyer Beware
Hat tip to RR for sending this along: A man received a lesson in the adage, "Let the buyer beware." Billy Joe Sanders, of Pittsburgh, says he bought a home in Canonsburg during a Washington County tax sale in August. When he went to check on the property on Christmas...
Resolution Mode?
Will we see the banks/servicers using the trustee sales as a primary channel for selling REOs in 2010? It looks like WaMu/Chase has been aggressively pricing their opening bids to move properties at the court house steps. Their trustee has conducted 302 trustee sales...
Example of ‘Steps
Here's a close-up of the process on the court house steps. In 2008, somebody filmed this actual trustee sale of 1825 Chicago St. in Bay Park. The opening bid is $435,240, but no takers, and it goes "back to bene". A month later the bank listed it for sale, with list...
Squat
Just when you think you're in for another routine day at the plant, more turbulence. Wifey thinks I'm getting too aggressive on the blog, but like another agent said today - if you're going to be a successful realtor in this market, you gotta be able to deal with the...
Foreclosure Previews
If you're interested in buying a house at the trustee sales, it would be smart to see them in person. But there are so many properties on the list that we want to help you narrow it down by showing them to you on the internet first. Here's an example of a video...
Foreclosure List
Nick asked, "Jim where can you find up to date info on trustee sale dates and houses involved for the San Diego Area?" Foreclosureradar.com has been the most efficient website for us, because they keep it updated - changes are usually recorded the same day. You can...
Bailout Caps Eliminated
Hat tip to W.C. for including this article - I wanted to check this format too, where the author allows for embedding, is this readable on handhelds? I can opt for a skinnier format too: