Squishy-ness

Written by Jim the Realtor

July 12, 2010

Here’s a youtuve tour of a few properties of interest – the lower-priced market seems firm, and the higher you go, the squishier it gets.  The REO that backs to Village Park in Encinitas did hit the MLS today, here are the remarks below (I like the idea of the electronic bidding process):

HUD Home Sold AS-IS. Owner-occupant exclusive bidding from 07/09/2010 until 07/18/2010 @ 23:59:59 pm PST. Investor & open bidding begins 07/19/2010. Sold by electronic bidding only. Brokers use HUD NAID # to bid. Bids accepted daily after initial owner-occupant exclusive bidding period. PEMCO makes no warranty as to the existence of mold and is not liable for potential harmful effects. This property is described as a detached PUD. FHA case # is 044-433073. Buyer to verify all.

5 Comments

  1. shadash

    I like the price and dates! 🙂

    It will be interesting to watch this video in a year or two.

  2. 3clicks from da beach

    VP is low end Encinitas. Those homes were $620 – $650K in late ’05 – ’06. There are a lot of work trucks parked on the street and cars that don’t move for days in that ‘hood, but at least the cars aren’t parked on the lawn. VP area schools are great however.

  3. CA renter

    Great stuff, Jim! Thanks for another informative video.

  4. Jeeman

    I’ve been wondering about that one on La Granada that has been a SS for the last year. People can’t qualify for $1.3M to overlook the golf course? Weird.

  5. GeneK

    Where’s the top end of “the Lower priced market” this year…?

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