If these sellers decided that they didn't want to wait the 48 hours he gave people to submit their offers, then all he had to do was call back the other contenders so they could participate. But instead, the agent blew off eveybody to make the quick deal, a common...
Month: May 2010
View Premium
If you are crazy about having a big ocean view, and need it like you need air to breathe, then pay whatever it takes to get what you want - it's only money. But logically, let's cap the view premium at $100,000 max, to help moderate your enthusiasm - if you pay more...
Booty Patrol
More from cutting room floor...
$259/sf in 92067
We've mentioned before the brazen attitude of the realtors who sandbag their short sales until approved or ready to close, and then input them on the MLS for all to see. Apparently it never occurs to them that they are displaying all the incriminating evidence, let...
SB 1178
Justabroker mentioned SB 1178, backed by the C.A.R. Here's their pitch on why the non-recourse law should apply to refinances: California has protected borrowers from so called "deficiency" liability on their home mortgages since the 1930s, but the evolution of...
Just a Private Club?
Hat tip to Mike, who sent this from the nytimes - I wish the associations of realtors would be more exclusive, and kick out the scumbags!: Several Hamptons real estate executives said Tuesday that they had been contacted by Justice Department officials seeking...
Looking For Squish, Part Two
The rest of the tour, in search of evidence that some squishdown is causing RSF Covenant properties to head towards $1,000,000 - but not finding much. Is it just a matter of time?
Looking For Squish
This is a two-part cruise around the 92067 to see if there is more hope that ranch properties might be slipping closer to the $1,000,000 mark. Jeeman had seen this too, and sent it over when the price was $999,000 to $1,350,000, but by the time I arrived, the price...
McFraud
The latest update from Kelly Bennett on the big condo scam: Jim McConville needed help to pull off a massive mortgage swindle. He couldn't let the banks making the mortgages know that he was sucking at least $120,000 each out of more than 80 condo sales in Escondido...
Fannie/Freddie Prin. Reductions?
NEW YORK (CNNMoney.com) -- Pressure is mounting on loan servicers and investors to reduce troubled homeowners' loan balances...but the two largest owners of mortgages aren't getting the message. Fannie Mae and Freddie Mac, which are controlled by the federal...