Here is a video tour of a few of the 100 properties on the auction/REO list in 92009 and 92011 – it appears there will be plenty of McMansions to go around!
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Jim Klinge
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
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Trustindex verifies that the original source of the review is Google. We sold a home with Jim and Donna and from beginning to end they were consummate professionals. Their initial walk through the property resulted in a list of items to be repaired or updated. They supplied a list of vendors and job quotes to do the repairs and updates. We originally wanted to sell ‘as is’ and just get it over with. They gave us a selling price for ‘as is’ and options for doing a few updates/repairs to doing it all with the selling price for each option. We agreed to do all they suggested and we sold for the exact price they predicted. For every dollar spent we got back more than $2 back in the selling price. And they got that price in a rising interest rate environment! Donna and Jim are extremely detailed and guide you through ever aspect of the sale. There were no surprises thanks to their guidance. We couldn’t be more pleased with their representation. Thank you Donna and Jim, Jerry and MaryTrustindex verifies that the original source of the review is Google. 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.Trustindex verifies that the original source of the review is Google. WeI had the pleasure of working with Klinge Realty Group to sell our home in Carmel Valley, and I cannot recommend them highly enough! Jim and Donna demonstrated exceptional professionalism, offering expert guidance on market conditions and pricing strategy, which resulted in a quick and successful sale. Communication was prompt and we were well-informed throughout the entire process. For anyone looking for a dedicated and knowledgeable real estate team, look no further! ---Trustindex verifies that the original source of the review is Google. Donna and Jim Klinge of Klinge Realty Group have our highest possible recommendation. From Donna and Jim’s first visit to our house through closing their advice and counsel was candid and honest in all dealings. They kept us fully informed throughout the process. The house sold less than three days after listing with a two-week closing. My wife and I have sold several houses during our lives. This was by far the best experience. Klinge Reality is a premium service realtor. You can’t make a better choice for someone to sell your home fast and for top dollar.Trustindex verifies that the original source of the review is Google. Donna and Jim provided exceptional support and professionalism throughout the entire process. We couldn't have been happier with their efforts. They made our house shine, and thanks to their expertise, it sold above the listing price in the very first weekend! Truly a fantastic experience from start to finish.Trustindex verifies that the original source of the review is Google. This year has been difficult on our family, mainly due to having to sell our home. Thankfully we knew God had a plan for us and working with the Klinge team was a key part of it. It was an obvious decision to work with them again after such an amazing experience when purchasing the same home we needed to sell. The challenge was, how will we do this in so little time with so much going on? Jim and Donna held our hand every step of the way. Whenever an unexpected issue arose they found and provided a solution. Never once did we feel pressured to make a decision and the Klinges were always reassuring after providing the information that the decision was ours to make. Despite the curve balls, they never panicked and exemplified the “can do” attitude, making us feel optimistic and taken care of. Their expertise and professionalism was superb. But of all the reasons to work with the Klinges, the most impactful and valuable is their compassion and genuine care for their clients. We pray that we can one day purchase our forever home and you better believe that Jim and Donna will be representing us - as long as they will have us of course. Thank you again Klinge team! Your execution, experience, and care are unmatched.Trustindex verifies that the original source of the review is Google. Jim and Donna were fantastic! Jim understanding my needs, recommending potential places, pointing out the pros and cons of each property was invaluable. Then when the offer was accepted Donna’s organized guidance through the inspections, paperwork etc made the whole process seem effortless. So grateful that I had them on my side!Trustindex verifies that the original source of the review is Google. We first found Jim through his blog at bubbleinfo.com, which really showcased his knowledge of SoCal real estate. Since then we've done three transactions with Jim and Donna, and they are an incredible full service agency, with Jim's deep market insight and Donna's deft contract and project management. We trust them implicitly in their analysis and strategy, which is based on years of experience. They're always available and on top of things, and we strongly recommend them to anyone.Trustindex verifies that the original source of the review is Google. The Good The Klinge Realty Group operates like a finely tuned machine, with a very personal touch. We contacted them on a Sunday and they were talking to us about our family and our needs on our living room couch the following day. They carefully listened to us and worked with us to identify the best and quickest path to listing within 2 weeks to take advantage of the low inventory conditions in our South Carlsbad neighborhood. They knew our tract specifically and had many previous sales there over the years - they came prepared with a thorough analysis of comparative sales and recommended a pricing strategy that they felt confident would yield offers the first weekend on the market. The Great Over the next two weeks Donna coordinated a range of vendors who she knew from experience could get the preparation to list work we needed done on time and with high quality. Our light tune-up involved excellent experiences with their stagers, landscapers, contractors, electricians, and plumbers. Throughout this period Donna's daily communication was clear, concise, and responsive. Any time we had questions Donna picked up the phone or texted immediately - but almost always, she answered our questions before we even knew we had them. The Outstanding We had a tricky situation with a shared fence that could have delayed our escrow. Donna used superb mediation skills to negotiate the terms of replacement and was personally on site with the fence contractor to make sure everything went smoothly. The fence looks great and escrow closed on time. The Truly Exceptional Our house came on the market on a Wednesday and between then and Monday morning Jim was personally at all three open houses. He was in constant communication explaining potential buyer reaction and strength. As he predicted offers began to come in on Saturday and each one was incrementally higher than the last. At the end we had 5 offers, 4 of which were over list, and the final accepted offer was $100,000 over list. In addition to being over list it included rent back terms that met our needs. The Recommendation For all of these reasons we would strongly recommend The Klinge Team to anyone wanting to sell in North County Coastal San Diego. I had been reading Jim's bubbleinfo.com blog for 15 years and knew when the time came to sell that he would be our first call. Jim Klinge is not your standard realtor. He is keenly aware of market conditions and sales strategies. And, works his tail off - though not as hard as Donna . At this point he's gone from realtor to friend and I plan to have him over to grill and chill at our new place to talk real estate, but also just about life and raising kids in San Diego. He's more interested in relationships than his sales numbers - and that's why his sales numbers are so high. We have already recommended the Klinge's to some close friends and another successful sale is on deck right around the corner...Trustindex verifies that the original source of the review is Google. We recently had the pleasure of working with Jim and Donna from Klinge Realty Group to sell our house, and we couldn't be more satisfied with the experience. From the initial meeting, they listened attentively to our needs and provided invaluable guidance on specific improvements to get our home market ready. Their responsiveness throughout the entire process was truly impressive. Anytime we had questions or concerns, they were quick to address them, ensuring we felt comfortable and informed every step of the way. What stood out the most was their team and extensive network of tradespeople, which made addressing any necessary repairs or updates seamless and stress-free. Thanks to their expertise and dedication, our house sold quickly and at a great price. We highly recommend Jim and Donna to anyone looking to buy or sell a home. They are a fantastic team who truly care about their clients and deliver exceptional results.Load more
Wow. To think that they arrest kids who steal bread from a grocery store, but the “owner” of the first house in the video across from the lagoon STOLE $1MM from the bank, and will probably never spend a day in jail. $1MM in cash-out refis, and NOBODY tried to stop him.
And we wonder where all the cash for these “cash” deals are coming from…
please leave the radio off-please mike from ny
It’s amazing that some home loans are “non-recourse” yet student loans stick to you like glue for the rest of your life.
Jim:
Given how long you’ve been in the business, can you talk about “divorce” on the higher end RE market. I noted in your recent post that the $18M deal in La Jolla was a divorce.
Where does divorce factor into these 3000 ft+ “nice neighborhood” markets like CV & Encinitas? What is the median age of the people in these neighborhoods vs median age of divorce? I assume there is a correlation between divorce and the economy even at this “higher end” market, are D-Stats on the rise in North County, is this even tracked?
From your experience, what “usually” happens when a 40 something CV type couple with kids and a 3k to 5k ft house calls it quits in this “post bubble” economy? Does one usually hold on to the house, do they both downsize to townhouses in the same neighborhood, and what is the situation 3 – 5 years after the breakup?
CA Renter – I agree, however, it isn’t stealing when someone give you the money and voluntarily makes it non-recourse…its the lender’s stupidity.
thus the lenders, and the MBS investors should be suffering 100% of the losses, licking their wounds, and moving on. But NO…..the gov just covered their losses and stole from all of us….
thus the true crooks are the government, not the borrowers and lenders.
On that note, shouldn’t we be able to sue a politician for “fraud” when they make campaign promises to vote one way, then vote another way once elected? I would claim “fraud in the inducement” of my vote and thus had I been informed of their true intentions I would not have invested my voiting capital that way.
http://www.gouverneurtimes.com/index.php?option=com_content&view=article&id=7623:owens-to-break-campaign-promises&catid=60:st-lawrence-news&Itemid=175
If a money manager does that, he gets free room/board/love in the grey-bar hotel…I think its a very exact parallel.
But I digress, Phillip Rivers 1, Eli 0 so sweet…home town raido call is much better than CBS…but what’s with Bauer stating that the reason for the victory was the Giant’s failings on D coverages, not to the Charger’s perfomance on the last 2 drives (defense and offense)??? HUH???
but what’s with Bauer stating that the reason for the victory was the Giant’s failings on D coverages
No kidding, the Giants made a coverage error on the final play (either the safety should have come over earlier, or the corner shouldn’t have let Jackson go outside like that), but that’s because the Gates/Rivers/Jackson combination is difficult to cover. It puts a lot of pressure on the secondary to play perfect football and a single mistake ends up being a big gain.
Good show JTR. Excellent reporting. The sunset line was classic JTR.
Wow, Carlsbad is starting to look like ground zero. All of that new development during the bubble years is coming back to haunt it. I’m glad I bought in an area with significantly fewer distressed properties. But after looking at this video, I don’t think any ‘hood is safe. This is going to get ugly.
‘…But I digress, Phillip Rivers 1, Eli 0 so sweet…’
You do know Eli Manning has a Super Bowl Ring 😉
I’ve been following those Corte Romero homes. I have no interest in buying any of them, but had a prior business dealing gone bad with the owner of one of one of the homes on that street (couldn’t tell if it was one of the homes in the video). A classic snake type of a guy.
Long story short, during my confrontation with the guy, he told me he was working on getting all of his mortgages modified. Not only his primary, but also his two rentals, all of which were in default. All of these homes are also well, well underwater. Based on his outstanding loans and recent comps, he is at least a total of a $1M underwater on his three properties.
And I looked up his public financial records – he has multiple court actions pending against him for failure to pay and two bankruptcies – so it is safe to assume this guy’s credit is completely shot. He basically has no income anymore either.
It is difficult to believe that he could possibly qualify for a loan mod based on his credit profile; yet he still has all three of the homes well over a year after he went into default. Perhaps time is running out on him.
alles_klar
I know a lot of people who lived off refi’s in Karlsbaden over the last 10 years.
Free living! Wife needs a new car, online cash out refi and you have 50k in 2 weeks in your mailbox! I would bet many of the original owners in some of these areas are well over 500k in additional debt over purchase price. Heck you could buy in 2004 and then in 2005 take our 250k to do your dream yard/pool remodel! Seemed like free livin’ at the time! Then you just stop paying in 2008 and you are still living there for free as 2010 nears!
Jim, what type of crowd do you see at auctions for these properties? I would guess you see less investors than at the lower end Vista/O’Side property auctions. Am I right on that? Would you maybe see more flippers? People looking for primary residence?
Also, is it possible to get inside one of these houses and inspect prior to auction?
Go Vincent Jackson, go!
Blur,
I haven’t been in a while but intend to go for a video shoot. I think it’s all investors/flippers working the lower end.
I’s why I like the idea of taking end-users to trustee sales in the $700,000 and up range – less or no competition because the more expensive are riskier to flip.
Doughboy,
No kidding. That is why I am staying on the side lines even though I could comfortably buy the homes in which I am interested. Despite all the “recession is over” talk, I just refuse to buy knowing there are time bombs ticking all around North County. I will be continuing to rent until I am confident most have been permanently defused or already blown up.
Wow, Carlsbad is starting to look like ground zero.
Not yet, not at those prices, but moving that direction.
Jim-
I would love to be a “fly on the steps” the day you break-out that video camera at the auction–the guy that runs it (Jay) is crooked as can be–He will DEFINITELY have something to say about you taping the auction–I can’t wait to see his reaction!
Wassup,
Divorce has always been one of the ‘Big Three’ reasons why people sell their house, with death and job transfer being the other two. I guess we could add a fourth, ‘defaulters’.
I think divorce is probably a by-product though. The main event is the lack of income to support the lifestyle to which the family has becomes accustomed.
People could get roommates, work harder, get a raise, etc.
Local Boy,
Here’s one of my first videos, with our friend Jay prominently featured:
http://www.youtube.com/watch?v=BZQ5O2Xcsm4
This was from October, 2007.
Agree 100% with your response to my post, Anonymous. The lenders should have taken 100% of the losses, and the govt should have back-stopped the FDIC, the SIPC, and the PBGC. Anything “to big to fail” should have been 100% nationalized, and all the executive pay should have been clawed back to help pay for the damage they created. Now, the PTB has created a mess we won’t be able to get out of for many, many decades to come. 🙁
not all of us are fans of the chargers
Nice Work Jim–He must NOT have seen the camera!