Month: March 2011
Next REO Assignment
Bubbleinfo.com is always mellow around major disasters - our prayers go out to those in Japan. But the REO train keeps rolling to the 92119; the San Carlos area, north of the I-8 near La Mesa:
Wrongful Foreclosures = 0 of 500
From Huffington Post: WASHINGTON, D.C. -- A months-long investigation into abusive mortgage practices by the Federal Reserve found no wrongful foreclosures, members of the Fed's Consumer Advisory Council said Thursday. During a public meeting attended by Fed chairman...
Trouble with Reverse Mortgages
From the nytimes.com: It is the saddest of paradoxes: a government-backed financial maneuver intended to free up extra money for struggling older people turns out to have left some widows and widowers on the brink of foreclosure. This week, AARP sued the Housing and...
Japan Tsunami
If It Ain’t Broke…
Hat tip to the three different people who sent this in - do-it-yourselfers rejoice!
Melbourne Modern
Morris Partnership designed the Richmond house in a suburb of Melbourne, Australia. This inner city site confronted the Architect, Michael Morris, with a number of challenges: Overlooking on three sides An adjacent Victorian cottage to the west boundary. A barren...
Where Sellers Are Bubbly
These graphs demonstrate some of the insanity in today's marketplace. While the list prices Carmel Valley, RSF, and Encinitas have remained relatively subdued.... Carmel Valley, 92130: RSF, 92067: Encinitas, 92024: In Eastern Carlsbad, the list prices have taken off...
Would You Buy This?
Hat tip to daytrip for sending this along, from newsday.com: The East Meadow home where serial killer Joel Rifkin may have slaughtered some of his victims, storing at least one body in the garage, recently sold for $322,000, according to real estate records. The...
Solana Beach REO Condo
Many will recognize the white condos on the hill that you can see from the grandstand at the track. The high sale of this model was on the top street - it sold for $850,000 in 2007, the same year they had a $80,000 assessment per unit for a full makeover:
