From HW, though it may sound somewhat familar: Lenders are canceling more foreclosure sales in California than ever before, and new financial and political demand for short sales could be the culprit. Lenders canceled nearly 22,000 California foreclosure sales in...
We've seen the number of actual trustee sales dwindle down to the ridiculous - yesterday there was only one NSDCC house that met it's fate on the court house steps, but it was a doozy! This was the first oceanfront house in La Jolla to be foreclosed this year, a...
osidebuyer wants a report on the lower-tier homes. In Oceanside the cheapie SFR foreclosures have dried up, and there's been an incremental YOY increase in $/sf pricing, with the lowest up about 15%, with those over $400,000 being flat. Here are the first half...
The substitution effect can squish down values in other areas, and for the bank clerks charged with the responsibility of determining the opening bids, it is a moving target. Here are two properties from the foreclosure list who have published opening bids - which...
Here's a youtube tour of a few more Encinitas houses on the foreclosure rolls. The first clip looks like it was an A.I.T.D., an all-inclusive trust deed - also known as a wrap-around mortgage. It was advertised on the MLS as a no money down deal, where the seller's...
We've seen and heard about flippers paying more and more (too much!) in the competitive trustee-sale environment at the court house steps. With the backlog of occupants not vacating the foreclosed properties, there is bound to be some overlap. The 3,278sf house in...
More from the foreclosure tour - see youtube tour below. It is harder to find the smoking deals when looking mid-range, and investor action has been heavy. In the last 30 days there have been 28 successful trustee sales of SFRs in Carlsbad and Encinitas, with 14...
The last clip on this tour of recent foreclosure contestants shows the biggest giveaway we've seen - to set the opening bid WaMu cut $1.4 million off the amount owed, and it still went back to bene!
There has been a rebound lately in the number of weekly trustee sales resulting in REOs, but still relatively low numbers overall, compared to where we think they should be: Below is the quarterly chart for the last three years. Even though the foreclosure moratoriums...
The trustee sales have to provide some fruit someday, right? The more you know about them, the more comfortable you might feel with pursuing a purchase there. Here is a good introduction to buying at the court house steps, done Foreclosureradar.com, and filmed at the...
