This is the first case that I've seen of a deed-in-lieu-of-foreclosure. Hope we see more of them, maybe they are the answer to the robo-MERS-gate problems. The banks could do cash-for-deed-in-lieus, instead of spending big money on attorneys?
Rolling Stone Magazine reporter Matt Taibbi has a detailed story about the Florida foreclosures being tried in front of retired judges. Click here for full story - an excerpt: After Soud's outburst, Cooper quietly leaves the court. Once out of sight of the judge, she...
It doesn't take much to slip out of favor with today's buyers. Thirty percent of the homes in this tract sold between $1,000,000, and $1,500,000 at the peak. Now they are two listings in the $800,000s. Be cautious when considering tracts that are more than 5-10...
From the U-T: California real estate regulators are seeking to revoke the license of Michael Monaco, a Rancho Bernardo real estate broker. The Department of Real Estate filed a 15-page accusation against Monaco and one of his companies, Sub 500 Mortgage Inc., late...
We've had some newcomers arrive, thanks to Alejandro at the L.A.Times - welcome everyone. The videos here try to document the what's happening on the ground in the North SD County Coastal region, and the count is now up to 600! To commemorate these occasions, the...
I think we can all agree that the real estate slogfest is likely to continue. What would it take to ignite the market in 2011? All we need to do is to increase sales. Because if the pace of sales increased dramatically, it would give direction to all involved. More...
Alejandro Lazo from the L.A. Times is doing his best to sort through the excuses about why homes aren't selling, but it's not easy. He found the usual psycho-babble was to blame - 'economic woes', 'tax credits', 'household formation', and 'job creation'. Except one...
Holy cow - shadash makes an appearance on bubbleinfo! Listen closely to the 45 seconds, and you'll hear him talking in the background - just another frustrated homebuyer trying to make sense of it all:
From cnbc.com: Sources on both sides of the 50-state attorney's general investigation into so-called "robo-signing" foreclosure practices are nearing a settlement. As Bank of America, JP Morgan Chase, and Iowa Attorney General Tom Miller square off today before the...
Click here for Dataquick's latest press release - some excerpts: La Jolla, CA---Southern California home sales dropped in October to their lowest level in three years amid doubts about the drawn-out market recovery, tight mortgage lending policies and expired...
