From our friends at the WSJ: As we reported recently, people whose mortgage payments are reduced through loan modifications often are still drowning in other types of debt. The loan-mod treatment can be akin to using a small Band-Aid to try to cover up a mortar-sized...
The previous video showed how similar homes in La Costa Oaks were selling in a wide range, and being manipulated by one realtor's fraud and deceit. About a mile away in La Costa Valley, where the inventory has been much tighter and rarely a foreclosure, there's a...
The lack of transparency aggravates the search for true value. It's hard enough trying to measure apples-for-apples, with every house having its own location and upgrades to consider. Be suspicious when you see similar tract houses selling for more than 10%...
From the U-T: Housing was slightly more affordable for first-time buyers in San Diego County in the opening months of 2010, as interest rates remained low and prices stayed relatively flat. The California Association of Realtors said first-time-homebuyer affordability...
The trustee sales have to provide some fruit someday, right? The more you know about them, the more comfortable you might feel with pursuing a purchase there. Here is a good introduction to buying at the court house steps, done Foreclosureradar.com, and filmed at the...
The $100 million in tax-credit money is holding up OK. If every applicant got the full $10,000, we're about a quarter of the way done, after nine business days: Applications for First-Time Buyer Credit received as of 5/13/2010: As Of # of Applications 57% of the...
Yesterday's article in the U-T suggested that home prices in SD County were rising because the median sales price in 1Q10 had risen 14.7% year-over year. Are prices rising? There will always be occasional lucky sales, and a few lowballs that succeed. To identify a...
We submitted the purchase offer, utilizing the new strategy dubbed, "Tuna Melt": List Price: $2,375,000 Offer Price: $1,800,000, with $100,000 reductions each month. Offer good for 4 months. I always like to include a compelling case to help justify the offer. ...
From the U-T, more hoopla about rising prices: Resale-home-prices-rise-percent-first-quarter-2010 At least this made the cut, although it was the sixth paragraph down: Although San Diego prices rose, they remain far below the peak set in 2005, and some analysts say...
It looks like Bank of America foreclosed on approximately $6 million in loans on the package deal offered for sale in Leucadia. The same agents who sold Magno-Bressy are on this case too, and it seems very casual and soft-sold. Are there dozens of buyers waiting in...
