There have been more discussions lately about pursuing homes at the trustee sales. Here is an interesting chart stolen from http://effectivedemand.blogspot.com/ The percentage of homes being purchased by third-parties, rather than going back to the banks, has risen to...
A video tour of mixed-bag proportions - it wasn't just subprime loans given to gardeners:
From the latimes.com and msn.com: Hugh Hefner and his wife, Kimberley, have sold their personal residence, next to the Playboy mansion, for $18 million. It had been listed since early March at $27,995,000. The 7,300-square-foot English Manor-style house, built in...
The house next door to the one featured here on Heritage (last house in video) had closed escrow in February for $850,000, and since then it looked like the ER market could be firming up, because four others closed in the mid-$800,000s: Street Sq. Ft. Sales Price Date...
Thanks to the well-wishers who emailed the last couple of days, I appreciate your input, and willingness to participate!
The foreclosure tsunami appears to be on its way - new defaults, re-defaults, and foreclosure numbers are rising, and there's still the backlog of those who are attempting to loan mod that will eventually get denied. According to foreclosureradar, there are 4,047...
from the latimes.com: http://www.latimes.com/business/la-fi-default31-2009jul31,0,173542.story About 1 in 10 Californians with a home loan is now in default, and there's growing evidence that the mortgage meltdown is spreading to commercial real estate. The home...
Hat Tip to A.L. for sending these along; BROOKLYN'S SMALLEST HOUSE This house is located near the intersection of Ave T and Van Sicklen: Occupying what used to be a driveway, it's a 1br/1ba home on a parcel of land 7.25 feet wide and 113.67 feet long. The interior...
Why is the foreclosure/short-sale/loan mod process all mucked up? From the N.Y. Times: http://www.nytimes.com/2009/07/30/business/30services.html?_r=1 “For many subprime servicers, late fees alone constitute a significant fraction of their total income and profit,”...
Vacant commercial space is everywhere - especially with office condos around North SD County: CR scooped me again with my own video - it had been a couple of months!
