The blog has been down intermittently over the last week or so - thanks to those of you who have emailed! It isn't me; we have traced it to Blue Host, the folks who provide our base, and they are a big outfit - thanks for your patience. We're on the lookout for banks...
SB 1178, the bill passed by the Cailfornia State Senate by a 30-4 vote, is on its way to the Assembly. The new intent: This bill preserves a borrowers protection from a deficiency judgment when loans are refinanced, but only to the extent that the refinance is used to...
What are the chances of buying a decent house at the court house steps? Last July, these two youtube videos captured a group of houses on the foreclosure list, and was marked as the 'Trustee Sale Test Group', so we could follow up later to see how they did. The first...
From SFGate: Want a read on the housing market's future? Ask a vulture investor. So-called vultures - also known as distressed-asset investors - make money by buying distressed assets, such as soured mortgage loans, and predicting which way the wind will blow to...
More from the foreclosure tour - see youtube tour below. It is harder to find the smoking deals when looking mid-range, and investor action has been heavy. In the last 30 days there have been 28 successful trustee sales of SFRs in Carlsbad and Encinitas, with 14...
The last clip on this tour of recent foreclosure contestants shows the biggest giveaway we've seen - to set the opening bid WaMu cut $1.4 million off the amount owed, and it still went back to bene!
It was asked yesterday how to go about finding deals like the ones LGS has purchased. The search is agonizing because you'e looking at all the leftovers that have been picked over by everyone else. The good ones go quick, and it's tough to keep your chops up. Some...
Real estate investors, like baseball players, are inclined to try for the home run. Yet hitting singles and doubles can be more effective - ask Tony Gwynn. Yesterday we wrapped up a 12-month-long escrow! It was a short sale of a one-bedroom condo in La Mesa for...
Remarks from page 42 of the C-S May Survey of real estate agents (mostly new-home sales): Traffic fails to meet expectations. Buyer traffic came in short of agents’ expectations in May, as our traffic index fell to 20 from 52 in April, short of a neutral reading of...
