The real estate market was boisterous in last half of 2020, which made it easy to predict that once we got past the election and into the new year we'd probably see the Greatest Real Estate Frenzy Ever. Let's use February 22nd as the day the frenzy really kicked in....
This house has a history - it was once the family compound for Alaska Airlines! It was foreclosed in 1994 when the lender received no bids and took it back for the balance owed of $6,372,931 - and they sold it for $3,350,000 six months later. It was then resold for...
The FHA foreclosures are likely to be picking up steam. The authorities must know it too, because now they are doling out the REO listings to the usual suspects, instead of a centralized approach. Back in the day, you had to have a special FHA-REO lockbox key! These...
Thanks for the ideas, suggestions, and well-wishes for the blog! How long will foreclosures persist? Flat or bumpy pricing isn't enough - because homeowners on a tight budget can have a single life-changing event that forces them to sell. They need a rising market...
In the comments of the last post, we were discussing the thought of making an offer on a house that you haven't seen. It is definitely more personal when you are looking at a primary residence - so let's start with an investment property! The intent of this video is...
The previous post on the elevator house, and paragliding: https://www.bubbleinfo.com/2010/08/31/blacks-beach-house/
A guy who probably just wanted to get a little something for himself, finds out that seeing a project through to the end can be a bigger challenge than it appears: If this might be your cup of tea and want more details, here are other clips that didn't make the first...
This house was foreclosed on February 4, 2008 when the previous owner owed $435,000. The bank re-sold it to this guy for $285,000, and he put 20% down on 7/10/08 - and by then borrowers had to qualify for their mortgage. Ten months later his NOD was filed, in May...
This REO listing is on it's third time around - the sales history: 1986: Foreclosed 1987: $429,000 1995: Foreclosed 1995: $450,000 2000: $820,000 2010: Foreclosed (loans were $1.3M) 2011: $899,000 list price
A few months back after this house was foreclosed for the second time, I went by and found a door open, and peeked inside for a quick look. There has been workers there ever since, so hopefully we'll see it back on the market at some point - and maybe get an...
