We have known Jim & Donna Klinge for over a dozen years, having met them in Carlsbad where our children went to the same school. As long time North County residents, it was a no- brainer for us to have the Klinges be our eyes and ears for San Diego real estate in general and North County in particular. As my military career caused our family to move all over the country and overseas to Asia, Europe and the Pacific, we trusted Jim and Donna to help keep our house in Carlsbad rented with reliable and respectful tenants for over 10 years.
Naturally, when the time came to sell our beloved Carlsbad home to pursue a rural lifestyle in retirement out of California, we could think of no better team to represent us than Jim and Donna. They immediately went to work to update our house built in 2004 to current-day standards and trends — in 2 short months they transformed it into a literal modern-day masterpiece. We trusted their judgement implicitly and followed 100% of their recommended changes. When our house finally came on the market, there was a blizzard of serious interest, we had multiple offers by the third day and it sold in just 5 days after a frenzied bidding war for 20% above our asking price! The investment we made in upgrades recommended by Jim and Donna yielded a 4-fold return, in the process setting a new high water mark for a house sold in our community.
In our view, there are no better real estate professionals in all of San Diego than Jim and Donna Klinge. Buying or selling, you must run and beg Jim and Donna Klinge to represent you! Our family will never forget Jim, Donna, and their whole team at Compass — we are forever grateful to them.
Let’s narrow the focus further.
Results from 237 SFR trustee sales scheduled from October 1, 2011 to February 15, 2012 of properties in La Jolla, Del Mar, Rancho Santa Fe, Solana Beach, and Carmel Valley:
Cancelled: 100 (42%)
Postponed: 100 (42%)
Back-to-bene: 29 (12%)
3rd-party: 8 (3%)
The games continue.
The lenders/servicers have chosen to dispose of the defaulters by a different means – mostly by short sale.
Out of curiosity how many of the canceled/postponed foreclosure sales are being actively marketed as short sales?
For the ones that aren’t on the market as a short sale I wonder how the conversation goes. Banks: Hey we just canceled your foreclosure sale, we’ll give you $20K if you list your home as a short sale in the next 10 days.
The fed, regulators, banks, servicers, etc. etc. have done/are doing a masterful job of managing/manipulating the market.