Hat tip to Susie! From the L.A. Times: The measure, which is expected to be signed by Gov. Arnold Schwarzenegger, would waive state taxes on mortgage debt that has been forgiven in a foreclosure or short sale. Thousands of Californians whose homes were foreclosed on...
From the L.A. Times: Nicolas Cage is leaving Bel-Air. And not by choice. The fate of the sprawling Tudor mansion owned by the actor, who won an Oscar for his role in "Leaving Las Vegas," was decided Wednesday far from the baronial estate. It was up for auction...
A number of good things to report in this youtube video: 1. Bank of America knocking 50% off the balance owed for their opening bid! 2. Bank of America not settling for just any old short sale package that gets delivered (hopefully). 3. More decent-quality Covenant...
Besides the fraud and deceit, I have a new story every day about how listing agents are undermining their own sales, to the detriment of their clients, the sellers - and usually caused by incompetance or inexperience. Some deals still close, with all parties bitter...
Here's are the first quarter YOY stats for detached homes in the Carlsbad to Carmel Valley region: NSDCC 2009 2010 Sales 299 435 $$/sf $349/sf $356/sf DOM 76 75 Here are the monthly sales since January, 2008: Even with the 45% year-over-year increase in sales for the...
Hat tip to M.E. for sending this along: Reno attorney and real estate investor William Thornton has filed a complaint with the Nevada Real Estate Division against local real estate figures Karen Greathouse and Nancy Fennell of Dickson Realty. Thornton accused...
For those who are outside of the earthquake zone and wondered what it was like, here's a youtube shot today in Brawley, about 50 miles north of the epicenter:
The foreclosure activity around Carmel Valley, Del Mar, and Solana Beach has been sluggish, to say the least. The numbers of SFRs on the auction lists are low, and they're filled with loan modders and current short sellers. With only a handful getting foreclosed...
Hat tip to JimG for sending this along: Timothy Geithner is a Sniveling Scamster Whew. That was fast. It didn't take long for Wall Street to figure out how to game Obama's new mortgage modification program, did it? The plan was hyped as help for "struggling...
