If the top-20 servicers are turning over their distressed loans at a 3.9% clip, that's a 25-month supply on average (and a boatload of free rent!). From HW: Carrington Mortgage Services liquidates distressed loans faster than any other subprime servicer, according to...
Another reason why additional REO listings could ignite sales is because they tend to have recent money invested in them. The former owners didn't get to the finish line on this one, but close enough when you include an attractive price too:
I try not to over-promote myself here, but this testimonial describes the intended experience: I'll let you in on a secret: There is but one Realtor in SD County: His name is JIM. The rest of them are in the game because JIM has only so much time. Jim has recently...
From HW: Bank of America converted 3,559 trial mods into permanent status through the Home Affordable Modification Program in August, down 18.6% from the 4,300 done July and less than half the amount done in June. BofA has totaled 79,859 permanent HAMP mods through...
Buyers are in active pursuit of the quality buys:
These days, every time you read the news you'll see another expert talking about the shadow inventory coming home to roost. Depending on the guesser, there will be somewhere between 3 million and 8 million homes that get foreclosed in America over the next 1-10...
We toured the Spacestation in CV, which showed the potential of contemporary architecture, but left us hanging - and hoping for better examples. The Division Knoll Residence in Big Sur, California was designed by Sagan Piechota Architecture. Elemental in nature –...
Typical these days - lots of lookers, and about $4, will get you a cup of coffee. This 10,022sf house was foreclosed, and listed by Union Bank for $2,599,000, which was about half of the former owner's previous list price. The dump on price created a stir, but how...
There is some short-term predictability to real estate. Because foreclosures have a minimum 111-day notice period before becoming a trustee-sale candidate, we can check the foreclosure rolls and recent trends to anticipate the possible REO activity coming for the...
Today is a busy day for the jimjamalama, but in the works, at nct's request, is a forward-looking post trying to predict the short-term future (still looking for a crystal ball). In the meantime, here's a video with local flavor: Same Ol at Beech St by bryan snyder...
