The foreclosure rate of loans originated over the last few years has been LOW! If the strict underwriting continues, we will only see an occasional foreclosure from now on. We'll be telling our grandkids about how back in the day there was this guy who ran a...
Year: 2014
Foreclosure Counts
A certain foreclosure-subscription company is always rattling their sabre about any uptick in notices. The headline for this article is: Early Stage Foreclosure Filings up Nationwide and in Most States:...
Kemp to Padres
It's a slow week for real estate, so let's mention the biggest news in San Diego today - the Padres made the trade for Matt Kemp: http://www.utsandiego.com/news/2014/dec/11/padres-dodgers-agree-trade-kemp-grandal/ An excerpt: Kemp carries significant risk. Over 2012...
The Style Council
This is a set of three songs, but it's the first one that you'll remember. My Ever-Changing Moods, from 1983 when they were in their prime:
Lowest Rates Since Summer 2013
Looking forward to a great 2015! From MND: Mortgage rates moved only slightly lower today, but it was enough to bring the end-of-day average to the lowest in more than a year an a half. For the record, there were lower rates available on the morning of October 15th,...
Lots of Showings, But…
The demand is strong enough that every seller is getting a few looks, especially in the beginning. Hopefully your agent has your listing on Zillow, but even if they don't, buyers are going there to evaluate. You'll see their viewer count of your home is rising, and...
Negotiations
The MLB winter meetings are in San Diego this week, and Ned Colletti, the former GM of the Los Angeles Dodgers got rolling about negotiating contracts around the 8:00-minute mark. He mentioned knowing what to expect from the agents - it's good to know which agents...
San Diego at Sunrise
Hat tip to BF! "All the scenes in this video were captured around sunrise over a period of four months, from August to November of 2014. Shot entirely using a GoPro HERO3 Black Edition camera (1080p, 60fps, Medium FOV) mounted on a DJI Phantom 2 Quadcopter with...
COE + 3
Realtors tend to use industry jargon in their contracts, and regularly you'll see the term, 'COE + 3' in a counter-offer coming back from a seller. It means they get to occupy the home for three more days after the close-of-escrow date, at no charge - and usually no...
Variable-Rate Commission
A listing that just closed escrow had this in the confidential remarks: Seller will pay 6% commission if property is sold at $735,000 or higher; seller will pay 5% if property is sold for less than $735,000 - commission to be split 50/50 between listing and selling...