From SFGate: Jose Vega was on the phone with JPMorgan Chase in April negotiating a loan modification when a real estate agent knocked on the front door of his Pittsburg house and said it had been repossessed in foreclosure a day earlier. "I literally handed the phone...
From the WSJ: The real-estate lobby wants Congress to extend the amount of time that potential home buyers have to complete transactions that qualify for the $8,000 federal home-buyer tax credit. To qualify for the tax credit, buyers had to sign purchase agreements by...
Hat tip to dough, and as seen on CR from cnbc.com: This morning executives at Bank of America rolled out their new "Principal Reduction Enhancement" program, which is an earned principal forgiveness plan for borrowers behind on their mortgages and whose loans are at...
Mozart reminded us yesterday of his upbeat outlook dating back to last May, and a search of the records found this quote, from May 19, 2009: "Like it or not, things are getting better. Home prices and incomes are balanced. Things are still tough but stability is great...
The Fiesta Del Sol, sponsored by the Solana Beach Chamber of Commerce is coming up this Saturday and Sunday. Included in the musical lineup is Dick Dale, playing at 4pm on Sunday - if you haven't seen him play and want to appreciate real surf music, he is the...
I mentioned in the previous post's comment section that I thought my advice was conservative in nature. It sounded vague, so here's more detail. It's hard to believe that buyers overlook the low comps created by realtor shenanigans. Here's an example, one of many...
Happy Memorial Day - to those who have served, and those serving our country - THANK YOU! We've been gone the last couple of days, but didn't miss much. With sellers pushing higher and higher, the deals are in short supply - it would be a good time for vacation!...
Our friends at Dr HB mentioned that inventory is rising in Southern California. How about San Diego? Here is a comparison of all detached and attached SD properties listed in April and May since 1999, and the percentage change between the two months: April/May # of...
Thank you to the number of people who have sent messages regarding the Carlsbad cancer story. It deserves attention because it's a disclosure item. If you are thinking about living in ANY former argicultural area, you should know that pesticides were probably used in...
When the tragedy occured, I said I would follow-up with ways we can contribute. From the U-T: The legislation inspired by murdered Poway teenager Chelsea King will probably be considered by the Assembly next week after the Appropriations Committee approved the measure...
