Year: 2011

Banks Rule

Hat tip to Kingside for sending this along, from the WaPo: Iowa Attorney General Tom Miller, who is leading foreclosure settlement negotiations with the nation’s largest banks on behalf of all 50 states, abruptly removed New York Attorney General Eric Schneiderman...

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Low Appraisals?

Hat tip to daytrip for sending in this article from Reuters about the alleged appraisal problems.  These people need to buck up and get a life - low appraisals are the realtors fault for not supplying enough good comps to justify the price: When Sean McGowan signed a...

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Can-Kicking

Another example of how the REO business is working. This took 5+ months to get to market (it was assigned to us on March 11th), and it still doesn't look very appealing.  If the banks were taking a while because they were spending the right money to fix them up to...

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Follow-Ups

Whatever happened to some of those previous posts we saw? It's good to go back and see what sold, and for how much, to see if there are any deals being had out there. Here are some results from April/May posts.: 5855 La Jolla Mesa, La Jolla 4 br/3.5 ba, 3,225sf WaMu...

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San Diego Housing Commission

Will Carless continues his investigative report on how the City of San Diego is blowing millions: In late 2008, as foreclosures flooded the local housing market and the nation's economy hovered on the brink of meltdown, the San Diego City Council scrambled for ideas...

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Razor Auction

From Channel 10: An architectural marvel that has become one of the most photographed homes in the country is now on the auction block. The 11,000 square foot home dubbed "The Razor" is hollowed out from the cliffs over Black's Beach. It boasts floor-to-ceiling glass,...

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