We have a winner of the contest to guess the number of detached sales in 2Q09: This morning's number is 5,886 - Genius, congratulations, you won the tickets for six box seats at the track! Here were the guesses: Guess Guesser 4,850 T 5,250 tj and the bear 5,323 Al in...
This tour of San Elijo Hills includes a house sold in March by one of the Lopez Brothers, who ran Century 21 Eldorado. The Mortgage Fraud Blog has a good summary of their specific fraudulent acts:...
Let's review some of the foreclosure theories of today's world. BUNK #1 - Banks are holding back properties. In San Diego's North County Coastal region, there aren't many REOs not on the open market. The video tours you've seen over the last few days covers almost...
You'll hear in this tour of Carlsbad REOs that banks are dropping the opening bids at the trustee sales to at, or below, market prices, and they are still going back to bene(ficiary). In the video I lay out the game plan for buying direct at the trustee sales, which...
Here are more from the shadow tour, two REOs in Rancho Santa Fe plus one in Encinitas on Ocean View, next door to the REO that just listed for $1,299,000, and closed for $1,325,000. Both sold originally for $2,300,000: Carlsbad has a lengthy tour coming up next.
This is the 1,000th blog posting! (not counting the 726 that were deleted when we changed to the current Wordpress format) THANK YOU FOR MAKING BUBBLEINFO.COM A GREAT EXPERIENCE! To celebrate, here's another bloopers track, with some terrible singing towards the end:...
About a month ago (June 14th) we featured a video of REOs not on the open market yet: http://www.youtube.com/watch?v=sEb3TtG7DDs They had been foreclosed earlier in the year, and that tour revealed a few reasons why they had not hit the market yet - still occupied,...
Remember this RSF house that listed in December as a short sale for $799,000? Even though it's Hacienda Santa Fe (non-Covenant), the price sounded reasonable, and they did have offers. It was marked pending the first week of January. But in March it came back on the...
People have asked about the condos in downtown Oceanside that are being auctioned tomorrow beginning at 3pm at the Carlsbad Sheraton, which is an interesting choice. Why wouldn't you do it on-site so buyers could get more emotionally-involved? Do a big breakfast bash...
The 679-unit Vantage Point complex in downtown San Diego had been taking $25,000 deposits since 2004, but could only generate a couple of hundred buyers - not enough to qualify for Fannie/Freddie financing (needed 70% pre-sold). The builder, to their credit, refunded...
