If these hit the open market around what the same prices as offered at the 'steps, it should create frenzy-like conditions. Are flippers wearing down, or do they know something?
REOs Getting More Attractive
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Month: February 2011
Another Settlement
LOS ANGELES (AP) -- The state of California has reached a settlement in a predatory lending lawsuit against former executives at Countrywide Financial Corp. that will pour $6.5 million into a fund to help foreclosed homeowners. The state had sued Countrywide, CEO...
Foreclosed Owner Sues U.S. Bank
From HW: A California appeals court ruled that a former homeowner's lawsuit against U.S. Bank for fraud may continue after the bank allegedly reneged on a promise to negotiate a mortgage modification, opening the door for claims from potentially thousands of similarly...
Faucets
A glimpse of an upscale faucet store in Encinitas:
San Diego’s 2011 Ranking
There's a company called Local Market Monitor, who claims on their website that they have "over twenty years of proven expertise and trend analysis in evaluating residential property values". Lately they have been ranking which towns across America have the best...
Carpet
A youtube primer on carpet - I get no benefit from you buying from Ken and Chuck, just want you to enjoy good pricing and service:
La Jolla Strategic Default on CBS
Hat tip to Stormin Norm for sending this CBS video along - here is the printed version, which includes a bump in drama. In the video the homeowner says that his La Jolla home is worth $500,000 to $600,000 less, and in the printed version they call it "6 to $700,000...
Update on Short Sales
Ronald McMansions asked about the state of short sales. When HAFA was rolled out as the government's answer to short sales, the servicers said they'd be pre-approving candidates, but I still haven't seen, nor heard, of any around here. So it's been more of the same...
