When you see things changing behind the scenes, you can’t help but think that it might be worth waiting a bit longer to see what develops – will there be bigger, better REOs later?
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
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Reviews on Zillow
5315455
5.0/5.0
"Where do we begin..2020 has been a year for everyone. When COVID hit and shut down both my husband and my businesses, we were left with a mortgage and very little income coming in. We were stressed, scared and felt stuck. We made the hard decision to sell our home and move out of state. We contacted the Klinges' and spent a good hour going over what we hoped we could accomplish. Jim and Donna came over with comps in hand and suggestions on improvements to get our house ready for the market. It was overwhelming to think about, but Donna was there and one step ahead in every scenario. more "
5.0/5.0by AmberleePiercy
5315455
5.0/5.0
"Jim and Donna Klinge made the sale of our condo extraordinarily easy. They know the market and gave us sound advice backed by details and very considerable experience, reflected both in the initial pricing and subsequent negotiations. They work together as a team and are always available to talk. more "
5.0/5.0by WAH08
5315455
5.0/5.0
"I cannot believe there are no reviews of Donna yet, ugh!! She is the secret sauce of the Jim Klinge/Donna Klinge combo! I will touch on Jim here, but Donna is why I'm so totally loyal to these two (no offense to Jim :)).
I consider myself a rather savvy buyer/seller. I've bought/sold 7 times in more "
I consider myself a rather savvy buyer/seller. I've bought/sold 7 times in more "
5.0/5.0by bethamunce
4911411
5.0/5.0
"Jim and Donna Klinge are by far the most professional, personable and responsive realtors I have ever worked with. They provide VIP concierge level service in every area of the process of selling your home. My home was marketed so successfully that we received an offer the day after our first and only open house. Thanks to Jim's pricing and negotiating, our house is now the highest sold in our community... more "
5.0/5.0by Ann Romanello
305973
5.0/5.0
"Jim educated us, helped us find the perfect house, and then negotiated us a great deal. I would hate to be sitting across the negotiating table from ... more "
5.0/5.0by user6611938
332633
5.0/5.0
"Jim is thorough and will be brutally honest about the homes he shows you. He provides great service and follows through until the very end and even ... more "
5.0/5.0by Melanie
351390
5.0/5.0
"I highly recommend Jim as a buyer’s agent. Working with Jim, we closed this week on a San Diego condo. Jim prepared a list of comparable sales to ... more "
5.0/5.0by user3647582
Had a rash of BPO’s for local consumption last week. In line with the comments from one of your readers said that B Of A had released over 600 candidates last week. As always, good info on the blog and get ready for more of those Oceanslide cuties.
LPS & Recon have had a large overlap of identical TS #s on their sites for a long time now up here in OC. For some reason most of Recon’s auctions in Santa Ana are at Noon but some are at 3. Those ones at noon I think are the ones that show up on LPS.
How old are these places? Those structural cracks in the garage and leaks in the ceiling are bad news.
I’m thinking $75,000 and I want the seller to pay closing costs.
Try Nature’s Miracle for the cat urine smell. First pull carpet, pad, tack strip and molding if necessary. Sometimes even Kilz is required to lock in the odor as final prep before new carpet/pad.
I know you’d rather be in CV, can’t blame you there, but your coverage of lower tier north county is appreciated.
Just saw an REO come on in an area where I’m interested. It was priced at the TOP of the comps, which were upgraded and fixed up.
Another REO that I had interest in just finished its BPO. The BPO came in at a price just below the house that has been for sale next door that is the same size, that was beautifully fixed up (as opposed to trashed), had more up grades, that had a better lot, and that was a traditional sale. And that house was about 45 DOM before it went pending recently. There’s also SS down the street that’s 400 sf bigger for maybe $30k more.
What am I missing?
Whatever, I will not pay those prices. I guess I’m fated to wait through the summer. This is getting so old.
A few coming soon REOs auctioned in the past week include:
7909 CAMINO DE ARRIBA framed but unbuilt in RSF, back to the bene at $569k.
7206 RUE DE ROARK in LJ btb at $1.39.
2717 RIDGEGATE ROW in LJ btb at $1.183m.
4156 FALLSBRAE RD in Fallbrook btb at $812k.
17 BAHAMA BND on Coronado btb at $1.015m.
1748 ORCHARD WOOD RD in Encinitas btb at $780k.
10118 LONE DOVE ST in CV btb at $640k.
7335 PASEO CAPUCHINA in Carlsbad btb at $657k.
1645 ORANGE BLOSSOM WAY in Encinitas btb at $625k.
1517 TURQUOISE DR in Carlsbad btb at $610k.
13452 TURLOCK CT off Carmel Mountain Rd. btb at $600k.
But when will they be available, and where will they priced?
Thanks for the info, Sean. Foreclosure Radar is a great tool – very informative, but I can’t say the information has helped much up to this point.
WtftM,
If any properties in the areas you’re interested in are heading for auction, you could always try to borrow cash from family and friends to bid at the auctions and then refi and pay them back once you record title, or contact Jim the Realtor about the Trustee Sale program.
Good luck.
Reminds me of the half-basement apartment I once had.
Never again.
As we all know the number of distressed properties that end up on the court house steps is a fraction of the distressed inventory. Postponement anyone? Of the properties that do go to auction, the number that have opening bids at prices that anyone would actually pay is another small fraction. There have been a couple that I would have bid on if I had the cash, but not many.
If there was a way to do some kind of short term loan for the TS and then refi I’d be interested. But there’s also the logistics of just being at the auction (I work during the day) combined with the low likelihood that the property of interest will actually be sold and have a reasonable opening bid.
Sean, I meant no disrespect to Foreclosure Radar. It really has been a great source of information. But at the end of the day the banks have to be willing to take the pain and sell these properties, and so far for whatever reason they don’t seem overly willing or able to do it. So the sea of blue, green, and red dots that I see on the FR map are mostly not accessable to me.
Very frustrating.
You know how some agents post pics of homes with cats in the photo? Not smart.
Waiting to Feel, I hear you on the Foreclosure Radar. It’s so exciting when you first subscribe, then after two months it just seems like a waste of time. I’d go to the steps if I had any confidence the sales would actually happen and the bids were realistic. I think this is happening in Phoenix and Vegas – but not SD.
Jim,
LPS pays big ticket reimbursements in about 2 weeks as long as they are not swamped. The real question is are you getting the BAC commission or the LPS one?
They haven’t said so I’m sure that means I get screwed.
You guys get the plum listings, so I don’t blame you for playing. Do you think I’m crazy for hanging around, thinking it might get better later?
There is no evidence that I am moving up the ladder.
Our list for LPS comes over at 1.75, they get 1.25, BAC may have a different deal. Only way to make it work is with volume and then you have to have support staff and more overhead. Our last 2 assignments are a condo and SFR in Chula Vista, 70 miles round trip. Short sale listings in North County may have better margins and they usually aren’t filled with animal feces.