Kris Berg mentioned that we got nominated today, while trying to take some time off to enjoy the Laker glory after last night's Game 7 victory. If there are any newcomers to bubbleinfo.com, know that we are normally a serious review of pertinent real estate topics -...
Hat tip to MB, from the WSJ: Fitch Ratings forecasts that most borrowers who get lower mortgage payments under a federal government program will default within 12 months. Among those with loans that aren't backed by any federal agency, the redefault rate within a year...
From NMN: The government announced a massive indictment Wednesday against the former head of Taylor, Bean & Whitaker, alleging a widespread fraud of nearly $2 billion that, officials said, helped trigger the biggest bank failure of 2009. In a 16-count indictment,...
The first half of 2010 is wrapping up in two weeks, how have we been doing? Here are detached stats for North SD County Coastal region (Carlsbad to Carmel Valley): 2009 (Jan 1 to June 15) vs. 2010 Y-T-D Year #Sales Average SP Avg. $/sf SP:LP DOM 2009 706 $1,062,990...
If you've been looking west of the I-5 in 92014 and hoping for a deal, you might be in for a long wait. There have been few offerings, and the sales sure seem retail-ish. Here's the latest:
My wife Donna is an invaluable part of the team, so I went all out today:
For those who enjoy the comedy of short sales, here's a good one. I've had a Tierrasanta condo listed since October, 2009. The sellers paid $447,000 in March, 2007, and financed 100% (I wasn't their agent then). They've since broke up, and the hefty payment is too...
The agent first inputted this listing onto the MLS on October 29th, noting that the list date was 6/30/09 - why do you wait four months to get it on the MLS? It was immediately marked pending, then withdrawn all within a few minutes. A couple of weeks ago she changes...
Here's a youtube tour of a few more Encinitas houses on the foreclosure rolls. The first clip looks like it was an A.I.T.D., an all-inclusive trust deed - also known as a wrap-around mortgage. It was advertised on the MLS as a no money down deal, where the seller's...
We've seen and heard about flippers paying more and more (too much!) in the competitive trustee-sale environment at the court house steps. With the backlog of occupants not vacating the foreclosed properties, there is bound to be some overlap. The 3,278sf house in...
