While this is supposed to be a tour of mid-market REOs, there is a 4,745sf bomber slipped in that will help demonstrate the substitution effect. Last year there was a $1.895 million cash sale on Amber Lane, and two others are for sale now for $2 million. But now that...
We've been following the BR/Model Homes Partners debacle for years now. In 2005, a group of lawyers from Orange County had purchased 11 model homes in Bressi Ranch and leased them back to the builder Lennar, waiting to make the big kill by selling them once the tract...
Two thoughts worth exploring: 1. Is there any evidence of the foreclosure flood hitting the MLS yet? 2. How are regular sellers faring, compared to REO listings? Currently the new REO listings are about 20% of the total new listings coming on the MLS. Last month...
An impassioned plea to the good-looking and powerful employees at BofA in charge of assigning the REOs - can you please send me an occasional coastal McMansion please?
This youtube video describes a new business venture for Klinge Realty that might produce 2-3 deals over the next two years. We're not looking to take over the market, or change the status quo - just to help out a few buyers, and possibly pick up some blog...
Selling in the newer tracts can be treacherous - do your homework, and get help! The 147 houses in these two Carlsbad tracts were sold by Shea Homes in 2003 and 2004, and have a $111/mo HOA fee and the Mello-Roos is $884/yr. Current Activity: 2 = NODs 1 = NOTS 1 =...
Today's youtube video tour of a house that was overbid at the trustee sale:
The foreclosure flood has begun......well, it starts with a drop, right? I was assigned another REO from Bank of America today, and while I'm glad to see that I'm still on their roster, they must be trying to teach me a lesson - the last two were in Pala, now another...
More foreclosures in the higher-end market: Thats right, folks.. Dont touch that dial Well, I am the slime from your video Oozin along on your livinroom floor I am the slime from your video Cant stop the slime, people, lookit me go
We've been hearing about how the real estate market has hit bottom from a variety of sources, this today from the White House: WASHINGTON (Reuters) - The U.S. housing market appears to be bottoming out, White House spokesman Robert Gibbs said on Friday after an...
