Month: January 2011

Shorter Grace

From msnbc.com: When is a grace period not really a grace period? When you have to pay a $6 fee for using it. Some Bank of America mortgage customers will receive an unwelcome Valentine's Day gift when the bank's policy for grace period mortgage payments changes on...

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Bio-Disco

Hat tip to SM who sent this along from Marilyn at the ocregister.com: A two-story house on the Seacliff Golf Course in Huntington Beach is the worst example of “malicious vandalism” of a foreclosed home that a top Realtor for bank-owned properties says he’s ever...

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Rough Comps

Across the street the 4,538sf drug house cancelled their short-sale listing at $1,350,000 (it was hammered), and they aren't on foreclosureradar either - but it looked vacant. The only other closing in the last 12 months was the 9,349sf short-sale up the street...

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Ocean/Coastal Erosion

Hat tip to daytrip for sending this along, from the latimes.com: At Surfers Point in Ventura, California is beginning its retreat from the ocean. Construction crews are removing a crumbling bike path, ripping out a 120-space parking lot and laying down sand and...

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Outside Vancouver

Designed by Omer Arbel, 23.2 is a house for a family built on a large rural acreage outside Vancouver in the West Coast of Canada. There is a gentle slope from east to west and two masses of old growth forest defining two “outdoor rooms” each with a its own distinct...

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CV REOs Coming to Market

According to city-data.com, there are 11,304 houses and condos in 92130.  92130 Det. Att. MLS sales '09 380 265 Avg $/sf $338/sf $337/sf MLS sales '10 416 253 Avg. $/sf $340/sf $339/sf NODs today 33 31 NOTs today 49 44 F/C 2010 37 65 If 2011 ends up being about the...

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