Home buyers who prefer the I-15 corridor are taking a close look at StoneBridge Estates, at the east end of Scripps Ranch. There is a common dilemma - do you buy one of the brand-new houses now, and spend the extra $50,000 to $100,000 on the exterior.......or wait...
Month: August 2011
North San Diego Beaches/Views
A tour that doesn't cover every spot, but a start:
BofA Foreclosure Flood
Hat tip to JG! Bank of America has been "working on their system". In July, they conducted 258 trustee sales of properties throughout San Diego County - either sold to third parties or back-to-bene. Yesterday they blew out 79 properties in one day! There are several...
CV New REO Open
Richard knows the listing agent, who was happy to have us conduct open house this weekend:
Ocean Air Full
From the CV News: The Olesky family moved to Carmel Valley to be a part of the Del Mar Union School District (DMUSD) and picked their home for its proximity to Ocean Air School, just 500 feet away. They loved the idea of walking their child to school. Now they are...
Budget Cuts and Real Estate
Let's go slightly off-topic on Friday, and wonder how budget cuts will affect housing in the future. Hat tip to Daniel for sending along this opinion piece from the latimes.com: It's a seldom discussed fact how heavily dependent Sacramento is on Washington's borrowed...
Ferrari
Here's a link to a Shell commercial shown in Europe. Ostensibly, they're selling gasoline, but the cars used in the video steal the show. Ferrari pulled several of their race cars from various ages out of storage, flew them around the world, and filmed them running...
Faulty Opinions Being Fed
From sddt.com: As in the rest of the country, housing prices continue to falter in San Diego. As of July, prices rose 0.5 percent in San Diego on a rolling quarterly basis and fell 3.7 percent on a year-over-year basis, according to Clear Capital’s monthly Home Data...
Have Your House Back
This is the first one I've seen with homeowners who got foreclosed, and then got their house back with a new loan. In this case, the new mortgage was for the entire amount due, including $100,000+ extra for neg-am and back payments. Their original Countrywide loan...
More on SB 458
Kingside is a real estate attorney, and our resident expert on short sales and the law. He left this comment yesterday about the new California SB 458, the non-recourse law for short sales: SB 458 only applies to lenders, not HOAs. It changes nothing as to HOAs....