Who in Southern California will benefit from the existing-homeowner's tax credit? It seems more like window dressing than actual help - the only buyers who could keep or sell their existing home would be those with substantial equity. Keepers need low payments to...
There are 261 single-family homes in Encinitas/south Carlsbad (92024,92009, & 92011) on the auction + REO lists. Here is what they look like on a map, not including NODs: Let's add in the 212 NODs:
The REO hits just keep on coming in Rancho Santa Fe. We saw Lago Lindo list for $1,879,000 and receive eight offers, with bids over $2 million. These days the buyers roam from REO to REO, in search of the right deal, with only glimmers of hope that a regular seller...
Here is a video tour of a few of the 100 properties on the auction/REO list in 92009 and 92011 - it appears there will be plenty of McMansions to go around!
Folks have been wondering about what details could be culled from the foreclosure list. We'll give the benefit of the doubt and omit those on the NOD list - they might be able to save themselves, or get a loan mod. Let's just look at the 100 SFRs valued between...
What would you think if you discovered that the house right next door just listed for $220,000 less than you paid 2 months ago.... If the next-door buyer relied on the same faulty tax roll information that I had, he should sue.
from the U-T: A glimmer of light is shining through San Diego’s bleak real estate market, judging from the sale this week of the La Jolla oceanfront home owned by Doug and Betsy Manchester. The six-bedroom, 11-bath estate, with swimming pool and boathouse, closed...
Just another baseball-crazy ex-pitcher and purveyor of truth trying to document the SoCal experience....happy 21st wedding anniversary wifey! (yesterday)
hat tip to AL for sending this along, from the WSJ: The Deed for Lease Program, which Fannie plans to roll out on Thursday, will offer borrowers who fail to complete or don't qualify for a loan modification or other workout to deed their property to the lender in...
From the AP: Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn't owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both...
