Most of you know Adam as 'SD Realtor' from Piggington's blog where he has been a valuable contributor for years. He has been flipping properties this year, ones that he purchased at the court house steps. He was nice enough to share some of his thoughts and what he's...
We were talking about the sampling of 100 REOs in SD County that sold since 9/1/09. Only 5 of those 100 sold by BofA/WFB ended up closing for more than $600,000, and ONLY ONE was in our Carlsbad-to-La Jolla stretch. It seems like all we talk about here are trustee...
Tired of the cookie-cutter tract houses everywhere you go? Come to Olde Carlsbad!
Here is more from our trustee-sale investigation. When the trustee sale has no bidders, and the property goes 'back to bene', how does the bank perform in the open market? This is a review of the sixty Bank of America and forty of the Wells Fargo REO sales since...
It seems like the more time that passes by, the better the selection gets. Though the trustee sales present many hurdles, at least today you have one component availble - these are auction properties that have their opening bid out in the open:
A tour of homes in Olde Carlsbad that are on the auction list:
So the government says that they are going to stop buying mortgage-backed securities sometime inthe first quarter of 2010. Then what? Let's consider what the Fed's influence has been - are rates artificially low currently? The historic rule-of-thumb has been that you...
Let's catch up on some of the properties featured here in the past, leaving out the house numbers to protect the innocent: Anza REO, Vista, 92084 2 br/2 ba + extras, 1,492 sf on tax rolls SP: $470,000 10/04 LP: $132,900 10/09 SP: $163,000 10/09 all-cash 65% below...
I am a proponent of realtors getting the word out, yet very few are willing to publish data or opinions to help consumers. I don't know if it's because local agents live in Kris Berg's shadow at her witty http://sandiegohomeblog.com/ or because agents generally have...
This property in Bonsall is on the court house steps today. Here is the MLS description from when it sold for $490,000 in 2002: Working horse ranch, huge corral, 2 stalls w/shelter plus extra second corral and miles of trails nearby. Open floor plan that is mostly...
