Those who are underwater aren't "trapped" in their homes, they are free to move. The system has been very generous, and even if the Congress doesn't extend the debt-tax relief, the banks will be processing short sales to enable the underwaters to move - without having...
Month: November 2012
Crosby
Because the MLS is manually-inputted, the Mello-Roos can be inaccurate for time to time. You can confirm the Mello-Roos amounts by checking the CFDs here: https://www.sdctreastax.com/ebpp3/(5loehyyzhblz2l55l12elji1)/Start.aspx This listing is marked contingent, so...
CA Home Prices Rise 19% in Oct
I was quoted yesterday by an AP reporter, who was doing a story on the last month's sales that included a very sexy headline, "California Home Prices Rise 19% in October": Jim Klinge, a broker in north San Diego County, said one of his customers bid on 14 properties...
Marvin Gaye
This song was released in 1970 and was inspired by an act of police brutality at an anti-war rally in Berkeley - plus here's Marvin's famous rendition of the SSB at the Forum:
FHA Three Years After Default
After two foreclosures and two bankruptcies, Hermes Maldonado is as surprised as anyone that he's getting a third shot at homeownership. The 61-year-old machine operator at a plastics factory bought a $170,000 house in Moreno Valley this summer that boasts...
Scruffy REO
This REO received the standard bank-fluffing, but it'll need more work before being worth what it sold for last time - $996,000 in 2006:
SD October Sales Up 31% Y-O-Y
La Jolla, CA---Southern California home sales rose sharply in October as move-up buyers joined investors, shifting the mix of homes selling up a notch as foreclosure resales hit a five-year low. The median price paid for a home rose nearly 17 percent from a year...
All Distressed Listings in Decline
Yesterday we saw how the number of short-sale listings were dropping off around our north county coastal region, in spite of the expiring relief on debt-tax. In the New Age of Coddling, we have seen the government devise several programs to rescue distressed...
Del Mar Mesa Lots and Estates
A brief tour through the end of Del Mar Mesa Rd., where 13 lots are selling next to the future Alta Del Mar. The ADM semi-custom tract home prices will range from $1.5 to $2.4 million, and their estate lots will range from $700,000 to $2 million. It is incredible to...
Short Sales Dwindling
The extension of the debt-tax relief act is still up in the air. There have been several bills submitted, and everyone from the N.A.R. to the nytimes.com thinks there is a good chance that our Congress will extend it....but will we need it? Did the threat of it...