From Lily at the U-T: A ban on foreclosure auctions outside the downtown San Diego Superior Court has forced those who conduct them to two other areas that already host such transactions, a spokesman with a trade group that represents trustees said Monday. The ban,...
From the U-T: The Coronado mansion at the center of two deaths and much speculation is being sold. An investment group is in escrow on the historic Spreckels mansion owned by Arizona pharmaceutical tycoon Jonah Shacknai, whose 6-year-old son Max died after...
From Originator News: Bank of America is working "very hard" on a short sale-to-lease program for distressed borrowers who don't qualify for government-backed refinance programs. But the much-maligned bank won't move forward until it gains assurance from regulators...
If they make it a condition of sale that the investors have to rent the REOs they purchase, and can't sell them, then this idea won't have much impact on the resale market. Selling bank-owned properties out of the shadow inventory and then designating them for rental...
Feel like doing a rehab? Here's a sampling of what's needed to complete a full renovation - five months' worth of Tom's work in less than nine minutes (now pending after four days on market, was listed for $499,000):
Excerpts from the nytimes.com: Cutting to the chase: if you thought this was the deal that would hold banks accountable for filing phony documents in courts, foreclosing without showing they had the legal right to do so and generally running roughshod over anyone who...
From HW: The millions of homeowners facing default on their mortgages will likely become renters once their home is foreclosed. Investment bank Morgan Stanley crunched the numbers and said that the multifamily segment, that arm of commercial real estate that includes...
This is long but incredibly clear videography of the F-18 demo - at least go to the 5-min mark:
Hat tip to SD_Coastal for sending this in:
