Thank you to those who made the ultimate sacrifice for their country, and to those who served. The previous generation was proud to serve - My dad was a ROTC second lieutenant in the U.S. Army, and my two uncles served as well - Tom was in the Navy, and John was in...
Year: 2011
Foreclosure Counts
The only value of this data below is trying to predict how home buyers and sellers will interpret it. Because the accuracy is suspect. For example, the 'homes in foreclosure process' for San Diego is more than 20% higher than the 12,561 properties shown to be in...
Older vs. Tract
If you'd prefer to buy an older house in a prime location, your patience will most likely be tested. Sellers tend to have low, or no, mortgage balance, and they'll only move when they don't have any other choice - plus they love to hold out on price. The houses are...
Solar Energy at Home
Rick and Nancy give us a tour of their recently-installed solar panels.
Multifamily Permits Surge
From sddt.com: Through four months of 2011, developers have placed a bet that there’s demand for new housing in a market dominated by severely discounted distressed properties. While foreclosures and short sales continue to depress the housing market, builders have...
One Month To Go
The word is on the street - Bank of America will stop taking loan applications for the super-conforming loans (max $697,500 in SD) on July 1, 2011, in order to comply with Fannie/Freddie's October 1st deadline. Their website today is quoting 5.0% with one point for...
Carmel Valley REO Trail
Chase owns the first house in this video, and they tend to the best at pricing - especially with their WaMu assets. IndyMac owned the second house pictured, and they've been fairly aggressive too:
Rent Checkers
Are you an investor who wants a rental survey before purchasing the next income property? Or are you thinking of leasing a home in an area where you're not familar with local rents? Check out these websites: www.rentometer.com or www.finestexpert.com A couple of...
Investors Using More Credit
From NMN: By Lew Sichelman While investors believe they will be able to outbid first-time buyers in the "rush" to snap up houses at today's bargain-basement prices, a large majority apparently plan to use a combination of cash and credit to purchase properties as they...
Fraud in Plain Sight
From HW: Short sales increased rapidly over the last several quarters, but wherever there are home sales, there are home sales fraud. Sales of properties on the verge of foreclosure tripled over the last two years and will increase another 25% this year, according to...