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It was in April, 2008, that we embarked on the REO trail. This was the first Jim TV REO video: http://www.youtube.com/watch?v=neY1P7UvNHw We had high hopes back then, because I was assigned 20 REO listings in the first month. We thought if that continued, and moved...
From HW, though it may sound somewhat familar: Lenders are canceling more foreclosure sales in California than ever before, and new financial and political demand for short sales could be the culprit. Lenders canceled nearly 22,000 California foreclosure sales in...
This first house below was going to be the wrap-up of the previous video, showing another lower-end Encinitas REO coming to market - but then it veered off into a rant about the current market. Those who predicted that we'd be seeing more of the same for the rest of...
From HW: Fortuno, a company that bills itself as the "Costco of real estate," has been sued by investors in Los Angeles Superior Court for allegedly duping them into buying what were essentially worthless REO properties. The unrelated plaintiffs claim they were...
And we're not just talking about D-Fish signing for another three years! The City of Los Angeles Department of Consumer Affairs has advised us that on Thursday, July 8, 2010, a new law went into effect in the City of Los Angeles that makes mortgage lenders responsible...
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...
For those potential home buyers who keep hearing about the short-sale negotiator, here is a copy of a contract that was required to be signed in order to make an offer on a short-sale listing: short-sale negotiator contract The contract attempts to justify why the...
For those who want to have better open-house performance, do some fine-tuning on your signage - especially if you are in a neighborhood full of competing open houses:
From the latimes.com The former hunting retreat that Southern California Edison's first president, John Barnes Miller, built around 1918 is for sale in unincorporated Claremont, listed for $3.5 million. Three miles up Webb Canyon Road, Trails End Ranch offers a rare...
Hat tip to Blue Streak for sending this along, though the MSM should figure out that the banks aren't "choked". There are plenty of homes ready to be foreclosed that are deliberately being postponed for months and years. Is anyone surprised that the national average...
