At first glance, it looked like both lenders were paid off because the sales price from the trustee sale was recorded as $1,200,000. But upon further review (at foreclosureradar.com), the new owner actually paid $1,075,000:
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Month: July 2013
Determining Real Value
In areas where REO and short-sale listings have been sold without legitimate price discovery, the real values are still catching up - and a cause for the rapid appreciation we've been seeing this year. Let's find out what the market will bear for this dazzling 4S...
Rest of the Year, Part 3
Another round of opinions from the ivory-tower crew: http://www.forbes.com/sites/morganbrennan/2013/07/26/what-to-expect-from-housing-in-the-second-half-of-2013/ “You can sort of think of it as we overshot on the way down and this is sort of a correction back to...
“Fundamentals Still Look Strong”
John Burns is a local favorite, and he and his team are known to be one of the best, and most accurate, real estate consulting firms in the business. His latest article at businessinsider.com on the impact of investors: During the downturn and early stages of...
Phil Brings Home The Jug
Phil Mickelson brought the Claret Jug to Callaway's Carlsbad headquarters: See the full photo gallery here.
Rest of the Year, Part 2
You can see why the frenzy took off last summer - it was the perfect combination of low inventory, prices, and rates: Year New Listings May 1 - July 15 Avg LP $/sf Avg 30Y Rate, Mid-July 2009 1,207 $511/sf 5.14% 2010 1,322 $506/sf 4.56% 2011 1,277 $445/sf 4.51% 2012...
Inventory/Sales Rest of the Year
Yesterday this joker was talking his book on cnbc.com, and said: We're in a 3, 4, or 5-year recovery They expect no impact on sales from the recent rate bump, Inventory is 5.2, going to 6.0 next year (normal), and NAR thinks home prices will go up 9% to 10% the rest...
Johnny Winter
Johnny Winter is playing the Belly Up tomorrow, plus be in Leucadia too... This is from January, 2012, back when Johnny was only 67 years old: He'll also be at the Coach House on Friday night!
No-Pay Preferred?
Another hat tip to daytrip for sending this in from cnnmoney: Nearly 1.2 million mortgage modifications have been completed since the Home Affordable Modification Program (HAMP) was first launched four years ago. Yet more than 306,000 borrowers have re-defaulted on...
Too Little, Too Late
NAR is finally getting around to wondering if they should do something with realtor.com, and start competing with those pesky upstarts Zillow and Trulia - in fact, they've called a special meeting! http://www.inman.com/2013/07/23/will-nar-let-realtor-com-soar/ Todd...
