Fresh REO

by | May 5, 2011 | Bubbleinfo TV, REOs for sale | 8 comments

I hope we can be your foreclosure channel – here’s one that listed this afternoon:

8 Comments

  1. ewhac
    ewhac on May 5, 2011 at 11:52 pm

    Wow. I’d take the Rabbit Warren over this. (Further proof I’m insane.)

    Drywall directly over concrete block? Is that common? I have to assume there aren’t many cold days in La Jolla, because your heating bills would be insane.

    I could feel that blank stucco wall facing the back deck sucking all the happiness right out of me.

    I don’t think digging out and tarring the back walls will be enough. I think some actual drainage will need to be put in (good luck negotiating that with your down-slope neighbors). However, once done, I think 90% of the house’s “long-term settlement” issues will be resolved, since it won’t be undermining itself anymore.

    Wouldn’t the depths of the foundations/piers be indicated on the construction plans on file? Yes, they could have lied, but still…

    Don’t lose a soccer ball down that driveway… 🙂

  2. Consultant
    Consultant on May 6, 2011 at 8:08 am

    Structural issues are the worst.

  3. Consultant
    Consultant on May 6, 2011 at 8:17 am

    Soil above grade, against the house is never a good thing.

    Undetermined settlement and excessive moisture issues are obviously fixable, but might put this place in tear down territory.

  4. BootyJuice
    BootyJuice on May 6, 2011 at 8:39 am

    Settlement issues, drainage issues, backfill against the house (and irrigated!), moldy decks…your basic nightmare.

  5. Mozart
    Mozart on May 6, 2011 at 10:32 am

    Wow, I can’t believe it’s a foreclosure.

    I wonder how many basketballs are at the bottom of the hill?

  6. François Caron
    François Caron on May 6, 2011 at 12:36 pm

    What a disaster! And it’s a recent construction too. It looks as if it were designed to fail just like sub-prime mortgages.

  7. shadash
    shadash on May 6, 2011 at 1:54 pm

    Great house for people that like stairs.

    I’m with you Jim. The dirt could be dug out and walls repaired.

    I’m wondering how all those stairs would limit the number of potential buyers.

  8. Jeeman
    Jeeman on May 16, 2011 at 1:09 pm

    I saw this house back in November 2009. At the time, it was listed for $1.25M. The settlement issues and the water leakage was not disclosed. In the end, we walked because of the stairs, and the driveway. Good thing we did.

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