From HW: CitiMortgage, the mortgage servicing arm of Citigroup is paying borrowers an average $12,000 after completing a short sale this year alone. Justin Rand, the senior vice president of loss mitigation at the bank, said servicers are putting more of an emphasis...
"How's the market?" It depends where you are looking! Consider these three popular areas in North SD County Coastal: Carlsbad, 92009 detached: Encinitas, 92024 detached: Carmel Valley, 92130 detached: In SE Carlsbad and in Encinitas, buyers have been reluctant to...
Here are the recent foreclosure stats for San Diego County. It appears that the banks/servicers have found a steady rut for their foreclosure production: It's hard to believe that NODs are down 15%. It's doubtful that they'll deviate from the plan if it is working? ...
From the sddt.com: San Diego County’s supervisors are considering whether to consider lengthening the runway at the McClellan-Palomar Airport in Carlsbad. The board voted Tuesday to direct the county’s chief administrative officer to report back in 90 days on the...
(Hat tip to PC!) The owner said that he had offers, hopefully this is heading to escrow:
With its octagonal design that’s part Jetsons, part Bond, John Lautner’s Chemosphere House is considered a masterpiece of California Modernism. Perched on concrete poles, the home is reached via an inclined cable railway. Wiki link. Lautner ingeniously solved the...
From HW: Bank of America completed more short sales than it unloaded previously foreclosed homes every month for the last year and a half. In May, BofA completed roughly 9,000 short sales compared to 7,000 REO, said David Sunlin, the bank's real estate management...
Hat tip to DB for sending this along, from the latimes.com: UCLA forecasters have seen the future of California's housing market, and it looks like this: more apartments near the coast, fewer McMansions in the desert. That prediction is based on several factors,...
The REO list price is at the end:
