12 Comments

1. 

   Stealth Broker on April 24, 2011 at 10:40 am

   This house in a great area of Mission Hills! Very quiet and charming street. PS I completed the BPO on this for BOFA a while back. Keep us posted on the final Sales Price.

2. 

   Jim the Realtor on April 24, 2011 at 10:49 am

   My BPO was $459,900 – what was yours?

   This is the closest comp physically to the subject property, on a full lot:

   http://www.sdlookup.com/MLS-100056357-4164_Ibis_St_San_Diego_CA_92103

3. 

   Susie on April 24, 2011 at 11:22 am

   Curious, Jim, how old were the owners who drove away?

4. 

   Daniel(theotherone) on April 24, 2011 at 12:00 pm

   That is just a sad commentary of where we have gone as a society. How many others out there who have done the exact same thing with their homes? The homes I have been looking at, most have been HELOCed to 2006 prices. Sad.

5. 

   Daniel(theotherone) on April 24, 2011 at 12:10 pm

   Maybe the house was ahead of its time.
   http://news.yahoo.com/s/yblog_localsfo/20110422/ts_yblog_localsfo/upper-haight-features-worlds-coolest-garage-door

6. 

   Jim the Realtor on April 24, 2011 at 12:19 pm

   I’d guess that they are pushing 60 years old.

   They are now renting a 2-bedroom apartment, which is most likely a relief compared to their former mortgage payment (they owed about $600,000 plus $1,757/year in taxes) but I got the feeling that they were going to miss their old home.

7. 

   Jim the Realtor on April 24, 2011 at 12:50 pm

   The Better Business Bureau recommends that homeowners not respond to a mailing asking them to join a “national” lawsuit against their mortgage companies.

   Michelle L. Corey, president and chief executive of the St. Louis BBB, says the mailings are a new twist on schemes to obtain upfront payments of $5,000 or more from homeowners struggling to pay their mortgages. Several property owners in Boone County, Mo., recently got letters saying their loans “may be eligible for national litigation aimed at fraudulent lender actions,” the BBB said.

   The letters listed no company name or return address. But public records connect the mailings to John J. Ehlinger and his company, Diversified Financial Protection Agency, the BBB said. The BBB has issued two warnings on Ehlinger and Capital Debt Management since last summer for allegedly deceptive activities.

8. 

   ocsecondhome on April 24, 2011 at 12:54 pm

   Jim, why so much “cash for keys, don’t you feel like thats extortion? Why don’t the banks just file UD’s?

9. 

   SD_suntaxed on April 24, 2011 at 2:46 pm

   For all its many problems, there’s a lot to like here. The Art Nouveau doorplate and lockset, wainscoating, original paned windows, intact built-ins, box beams(?), breakfast nook. Great stuff and gotta love the shingled exterior.

   Thanks for the sneak peek.

10. 

    common-sense on April 24, 2011 at 7:13 pm

    LOL! The former owners probably stashed the refi cash and walked with another cash-4-keys 6 grand! Better keep tabs on the former owners Jim, they look poised to buy their next home with cash! 😉

11. 

    Jinx on April 24, 2011 at 8:01 pm

    Does the house have original electrical and plumbing?

12. 

    Lyle on April 24, 2011 at 10:52 pm

    Just out of curiosity what is the land under the house worth? Could one bulldoze the place and start over? Or is it in a historic preservation area? It was interesting that the neighboring house looked like it did not date from 1915 being 2 stories and the like.