Remember this one, on the outskirts of North Vista? 2115 Vista Grande, Vista 92084 3 br/2.5 ba 1,996 sf 0.67-acre SP: $725,000 6/05 (90% financed) TS: $233,750 3/09 (back to bene WFB) LP: $99,900 5/09 SP: $240,000 7/09 cash They disclosed a bunch of...
NEW YORK (Dow Jones)--For the third straight month, option adjustable-rate mortgages are generating proportionally more delinquencies and foreclosures than subprime mortgages, the scourge of the housing crisis. A further acceleration of troubles among the loans could...
When that article about the blog was syndicated, it ran in the newspaper in Bend, Oregon, and we've picked up some friends since. Bob sent this in from the latest edition of the same paper, evidence that looks like Citi is going after those who owe a balance on their...
If it isn't bad enough just trying to find a decent house for a decent price these days, once you find one, you need to grapple with additional issues. This note was left in the comment section of a youtube video on Carlsbad McMansions: I've done lots of work for...
The prime-time selling season runs from Super Bowl Sunday to the Fourth of July. How has your area been doing? We should start seeing some of the unsuccessful sellers figure it out, and either cancel their listing, or lower their price over the next 30-45 days. Here...
Mortgage fraud-related Suspicious Activity Reports referred to law enforcement increased 36% to 63,713 during 2008, compared to 46,717 reports in 2007, according to the Federal Bureau of Investigation's 2008 Mortgage Fraud Report. While the total dollar loss...
Hat tip to Aztec for sending this along, from Bloomberg: http://www.bloomberg.com/apps/news?pid=20601039&sid=aVVtkVUvfRXE We are largely hostage to the way our mind works. According to prospect theory, pioneered by psychologists Amos Tversky and Daniel Kahneman,...
FreedomCM heard that Bank of America has stopped doing short sales in Nevada - is that a good idea? The whole idea is a slippery slope - once lenders allow a few homeowners to sell short, doesn't it create the classic moral hazard? Today there are MORE PENDINGS THAN...
Some readers had concerns about the La Costa lowball short sale mentioned on Friday. https://www.bubbleinfo.com/2009/07/buyer-representation/ My intention was to point out the future of the real estate business - it's going to get tougher on agents who can't keep up...
