For those who are looking for a beach bungalow on a huge lot with several orange and avocado trees where you could also build a granny flat, check this out:
Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
So, which firm bought Bank of America’s $73 billion mortgage servicing package?
Before we provide an answer, the first question you need to ask is this: What do you mean by “bought”?
Let’s step back a few years before Uncle Sam stepped in and took the keys away from Daniel Mudd.
Fannie was toying with the idea of buying Litton Loan Servicing but when word leaked out that the GSE would be entering the servicing business, holy hell broke loose. This was before Uncle seized Fannie in September 2008.
As a Fannie spokeswoman told National Mortgage News this week the GSE is not a servicer.
But did the GSE finance the sale of B of A’s MSRs to a third party? Or is Fannie a joint venture partner in the ownership of these MSRs?
From what our sources told us, the portfolio was awarded to Green Tree Servicing, which is now owned by Walter Investment Management Co., Tampa Bay. What did GT and Wally have to say? They did not return telephone calls. Fannie had no comment. What does Congress think? Who knows. They only seem interested in pounding the hell out Fannie (and Freddie Mac) every chance they can get…
College Joe
on August 12, 2011 at 6:21 pm
The “Leucadia Collection”….’
19 Single Family Homes, Single & Two Story Plans ranging from 2,663 ? 3,375 square feet, with some plans featuring detached garages. Oversized lots ? up to 1/4 acre. Phase 1 ready this Fall. Located west of Interstate 5 in the Leucadia neighborhood of Encinitas. Only 1.5 miles to the beach, 1.8 miles to Encinitas Golf Course, 2.5 miles to Moonlight State Beach, 4.2 miles to Carlsbad Village, 6 miles to Legoland & Carlsbad Outlets. -City Ventures
They’re coming right along! Just drove by it and now they have the sign (and flags) up.
A lifetime supply of guacamole and orange juice free with the purchase of the house! What a deal! 🙂
The house truly is in excellent condition for its age and for the price. I can definitely see a young family live here. Clean up the undeveloped section of the backyard, and that would make for a great playground for the kids!
Susie
on August 13, 2011 at 2:05 pm
“A lifetime supply of guacamole and orange juice free with the purchase of the house” (Francois)
Now that is the perfect marketing angle for the house! *Chuckle* What do ya think, JtR?
LR
on August 13, 2011 at 3:40 pm
What’s the address?
Define “Granny Flat” Really, is there a legal description of what is considered a Granny Flat?
Jay the Realtor wannabe
on August 13, 2011 at 6:17 pm
Is this your listing, Jim? Doesn’t look like it was a foreclosure.
Jim, that is an awesome property!
Agreed!
The house two doors down on a regular-sized lot is asking $499,000!
You serving home-made guacamole? Good luck on the open house.
Good idea!
From NMN:
So, which firm bought Bank of America’s $73 billion mortgage servicing package?
Before we provide an answer, the first question you need to ask is this: What do you mean by “bought”?
Let’s step back a few years before Uncle Sam stepped in and took the keys away from Daniel Mudd.
Fannie was toying with the idea of buying Litton Loan Servicing but when word leaked out that the GSE would be entering the servicing business, holy hell broke loose. This was before Uncle seized Fannie in September 2008.
As a Fannie spokeswoman told National Mortgage News this week the GSE is not a servicer.
But did the GSE finance the sale of B of A’s MSRs to a third party? Or is Fannie a joint venture partner in the ownership of these MSRs?
From what our sources told us, the portfolio was awarded to Green Tree Servicing, which is now owned by Walter Investment Management Co., Tampa Bay. What did GT and Wally have to say? They did not return telephone calls. Fannie had no comment. What does Congress think? Who knows. They only seem interested in pounding the hell out Fannie (and Freddie Mac) every chance they can get…
The “Leucadia Collection”….’
19 Single Family Homes, Single & Two Story Plans ranging from 2,663 ? 3,375 square feet, with some plans featuring detached garages. Oversized lots ? up to 1/4 acre. Phase 1 ready this Fall. Located west of Interstate 5 in the Leucadia neighborhood of Encinitas. Only 1.5 miles to the beach, 1.8 miles to Encinitas Golf Course, 2.5 miles to Moonlight State Beach, 4.2 miles to Carlsbad Village, 6 miles to Legoland & Carlsbad Outlets. -City Ventures
They’re coming right along! Just drove by it and now they have the sign (and flags) up.
A lifetime supply of guacamole and orange juice free with the purchase of the house! What a deal! 🙂
The house truly is in excellent condition for its age and for the price. I can definitely see a young family live here. Clean up the undeveloped section of the backyard, and that would make for a great playground for the kids!
“A lifetime supply of guacamole and orange juice free with the purchase of the house” (Francois)
Now that is the perfect marketing angle for the house! *Chuckle* What do ya think, JtR?
What’s the address?
Define “Granny Flat” Really, is there a legal description of what is considered a Granny Flat?
Is this your listing, Jim? Doesn’t look like it was a foreclosure.
Yes, my listing – and working to get more regular listings.
Address is 932 Whaley St., Oceanside, CA 92054
An accessory unit, or granny flat, is typically limited to 700sf or so and needs its own parking space. One of the two units is to be owner-occupied.
I tried to find the specific link on the City of Oceanside’s website, with no luck.
Here is a house with a granny flat. Please buy it.
http://www.redfin.com/CA/Manhattan-Beach/1426-3rd-St-90266/home/6704561
Great place, Jim.