They have to do something, right? As servicers receive more and more REOs, they have to be discussing their options: 1. Use the trustee sales as a primary liquidation channel to off-load more properties quickly, cheaply, and without recourse. 2. List the habitable...
From sddt: "Even with NOD numbers virtually flat with 2,880 in October and 2,875 in September, 2009 is on pace to break 2008’s record-breaking 34,069 NODs filed in a single year. With two more months to go, 2009 has racked up 33,904 NODs and has averaged 3,390 per...
The City of Carlsbad approved 1.5 million square feet of office and light industrial to replace Carlsbad Raceway, while at the same time approving 2.1 million square feet across the street at Bressi Ranch. Doesn't it occur to these guys whether we NEED 3.6 MILLION...
From the SF Chronicle: -- Pre-approval. Some banks are proactively deciding what amount they will accept for a short sale house. Sometimes they reveal the amount; sometimes they don't, but either way it expedites the process. Homes with this arrangement are listed as...
Over the next two months homebuyers are going to have the best chance to find a decent deal. The less-motivated buyers will be on the holiday sidelines, and any sellers still on the market have to be getting desperate. Once we get into 2010, the tax-credit frenzy...
It's November, and 2009 is on the home stretch. Nationally, the pending home sales have increased 8 months in a row, and are up 21% YOY. Looney Larry says that prices have over-corrected and that the $8,000 tax credit is better than home prices going down $8,000. ...
Let's take a look at the mid-range, and specifically in the $700,000s - what does that get you? I had to split these into two videos to keep under the 10 minutes required by youtube, the first is Encinitas/Carmel Valley, the second video is in Carlsbad:
Ever thought about building your own house? Here is the first video on vacant-lot sales:
Stop the whining. You should be grateful for the opportunity to spend hours driving around in the middle of .....well, um...Hellhole Canyon: I mentioned the business opportunity because the pot-house video a few months back generated more calls from buyers than all...
These new REO listings in the Covenant should help loosen up the stand-off between buyers and sellers in the Ranch. When checking the sales in 92067, 92091, and Fairbanks, you could say sales have been a bit stagnant. In 2005 there were 253 houses that closed escrow...
