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...
Month: January 2011
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...
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...
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...
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...
Go Recontrust Go!
Sean, our Los Angeles correspondent, files this report: Jim, Up here in LA it looks like BofA/Countrywide just threw the foreclosure machine switch back to the “on” position. The number of Recontrust properties with opening bids set for tomorrow’s trustee sale...
Seasonal Listings
If thinking of selling your ocean-view home, you should be on the market now!
Potato Land
Our friend Susie left the Central Coast of California for more reasonably-priced housing - in Idaho! Here's what it's like in Potato Land:
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...
Repair Costs vs. Value
Remodeling Magazine has published their latest cost comparisons of 35 home-improvement projects, and the additional value created. The data is broken down into "Midrange" and "Upscale" projects, and has the percentages of how much of your investment you can expect to...