It was in April, 2008, that we embarked on the REO trail. This was the first Jim TV REO video: http://www.youtube.com/watch?v=neY1P7UvNHw We had high hopes back then, because I was assigned 20 REO listings in the first month. We thought if that continued, and moved...
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 blog has been down intermittently over the last week or so - thanks to those of you who have emailed! It isn't me; we have traced it to Blue Host, the folks who provide our base, and they are a big outfit - thanks for your patience. We're on the lookout for banks...
In the peak 2005-2006 era, there was only one house that sold under $1.5 million in Rancho Santa Fe's Covenant. Two Covenant houses have sold under $1.0 million in the last week - both on Via de la Valle. Here's a tour of one of them:
It looks like Bank of America foreclosed on approximately $6 million in loans on the package deal offered for sale in Leucadia. The same agents who sold Magno-Bressy are on this case too, and it seems very casual and soft-sold. Are there dozens of buyers waiting in...
Things didn't quite turn out for the builder of that last RSF estate. Here are the others they built - all four pictured here were foreclosed: http://www.kachay.com/luxury_custom_homes/for_sale.htm Still trying to figure out the goalpost-thingy!
We could use some good old-fashioned market clearing - maybe this is a start? JimG brought it up, and our friend Effective Demand has charted the increase in Bank of America foreclosure activity for Southern California - recently their number of auctions has spiked:...
Mary asked, "How many SD foreclosures have there been over the last three years?" Trustee Sales 2007 2008 2009 2010 REO 7,859 (22/day) 17,894 (49/day) 11,760 (32/day) 2,097 (30/day) 3rd Party 399 (1/day) 593 (2/day) 2,749 (8/day) 865 (12/day) Totals 8,258 (23/day)...
Feel like spending around $1.3 million or so? Here's what it'll get you in the Convenant of Rancho Santa Fe:
It looks like servicers are coasting into the HAFA/short-sale era, which officially begins April 5th. Here are the foreclosure stats from the last 12 weeks: My guess? The HAFA package will encourage borrowers to pick a lane - either loan modification or short-sale. ...
