The website that provides us contemporary homes from around the world is featuring one right in our backyard - on the corner of Prospect and Exchange as you drive into downtown La Jolla. This 7,200 square-foot lot was an abandoned brown-field site, vacant since 1992....
A month into the era of no-recourse-for-all-short-sale-lenders, how is it going? The U-T carried this comment: Since the law has passed, agents have seen banks revise their release of lien amounts in letters to larger figures. In one case, the number was bumped from...
More from C-L on the delinquent mortgages - can we work our way out of this? We are hitting the peak months of resets/recasts, yet delinquencies are dropping? The banks/servicers must be working feverishly to reset/recast the expected $1.6 trillion in ARMs, or just...
Jumbo rates in the 4-5% range still look attractive to me - from cnbc.com: The deadline for ending temporarily higher loan limits at Fannie Mae, Freddie Mac and the FHA is October 1st, but they are effectively ended now. A Wells Fargo spokesman confirms, "August 15th...
From sddt.com: There is one part of the real estate market that is booming: mortgage fraud. A new report issued this week from the Federal Bureau of Investigation finds the annual loss from devious activities in the mortgage market totals between $4 billion and $6...
In the comments of the last post, we were discussing the thought of making an offer on a house that you haven't seen. It is definitely more personal when you are looking at a primary residence - so let's start with an investment property! The intent of this video is...
Hat tip to my father-in-law for sending this along! Whether these changes are good or bad depends in part upon how we adapt to them, but, ready or not, here they come! 1. The Post Office. Get ready to imagine a world...
School starts in the next week of two, and the holidays aren't too far off. How are sellers going to play their hand over the next few months? There are 181 houses for sale between $1.3 million and $1.7 million in North San Diego County's Coastal region, and 198 have...
What's a trophy property? A property with several unique or special characteristics, including location, view, the home's condition, and/or the size, shape, and usability of the lot. The price matters too, but you'll know when you're in a trophy property when you...
