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CV New REO Open

by Jim the Realtor | Aug 5, 2011 | Bubbleinfo TV, Carmel Valley

Richard knows the listing agent, who was happy to have us conduct open house this weekend:

Ocean Air Full

by Jim the Realtor | Aug 5, 2011 | Carmel Valley, Thinking of Buying?

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

by Jim the Realtor | Aug 5, 2011 | Local Government, Market Conditions

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

by Jim the Realtor | Aug 4, 2011 | Bubbleinfo TV

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

by Jim the Realtor | Aug 3, 2011 | Market Conditions, Mortgage News, North County Coastal, Thinking of Buying?, Thinking of Selling?

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

by Jim the Realtor | Aug 3, 2011 | Bubbleinfo TV, North County Coastal

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

by Jim the Realtor | Aug 3, 2011 | Market Conditions, Short Sales, Thinking of Buying?

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....

Beach Sleuthing

by Jim the Realtor | Aug 2, 2011 | Bubbleinfo TV, North County Coastal

The foreclosures are few and far between, and trying to score a regular deal isn't easy either:

NSDCC Distressed-Market Share

by Jim the Realtor | Aug 2, 2011 | North County Coastal, REO Counts, Shadow Inventory, Short Sales

We tend to spend a lot of time on short sales and foreclosures, what percentage of the market are distressed sales in the North San Diego County Coastal region (La Jolla to Carlsbad)? The REO and short-sale MLS detached listings that have closed escrow equal 19% of...