The timing is perfect to be selling your home. Buyers are experiencing max frustration, mortgage rates have set all-time lows four days in a row, the new school year is within sight, and the inventory of decent buys is virtually zero. Here is an example - it has just...
Hat tip to SM for sending this along from bloomberg.com: When Bank of America Corp. sent letters to 60,000 struggling homeowners offering to slice an average $150,000 off their loans, the lender got an unusual response from most of them: silence. Homeowners who fell...
An opinion seen at HW: Here’s a familiar scenario: Jane and John live in a nice house and pay their mortgage on time every month. Their outstanding loan amount is higher than the home’s market value, making them underwater borrowers. They wish they could move into a...
For those who desire a snazzier look than the straight travertine bath remodel we saw in Aviara, here's a close-up of remodeling done at my listing in Palacio:
The C.A.R. purchase contract designates a 17-day contingency period. This enables the buyers to conduct investigations about the subject property and review all pertinent information about what they are buying. It also allows time for the appraisal and loan approval...
I don't know what happened to the first property featured here, but I suspect that it turned into a rental property again, and the agent marked it pending just to avoid the cascade of solicitations that come from competing listing agents when you cancel a listing. ...
From sddt.com: Trustee deeds in San Diego County are down almost 60 percent from June 2011, and one local expert said that’s “really pretty amazing.” Trustee deeds — the final step in the foreclosure process, transferring ownership from the delinquent borrower back to...
From HW: Few, if any, borrowers strategically defaulted to take advantage of mortgage servicer relief under the $25 billion settlement struck in March, according to Fitch Ratings. In fact, the percentage of current underwater borrowers moving to delinquent status, or...
Adding to the mix of economic signals is Dr Doom's call that the perfect storm scenario is unfolding. With so many conflicting soundbites, will buyers and sellers pause around NSDCC during the second half of 2012? 1,001 people across the country are feeling OK. The...
Some examples of closed sales since June 1st around Carmel Valley, 92130. These averaged $330/sf, which is about what we've come to expect. There is likely to be more variance in the coming months and years - get good help!
