The foreclosure process for many houses is dragging down to a slow crawl. Lenders are buried, short sales could be in the works, and the free-loading homeowners have no incentive to cooperate. But once the lenders finally complete the trustee sale, they're not...
The foreclosure rolls are bulging now....all areas, all prices.....
You keep hearing about the fury of activity in lower-end areas like Oceanside, here's a video of the REO that hit the MLS a week ago at 4773 Sequoia. It had been assigned to me in September, but it took six months to get the tenant out. He was an active-duty Marine...
There were two REOs that we put on the market last week - this is the bigger one, a 2,031sf one-story house on Pismo Bay in North Oceanside. The lender has been more willing to spend up to $10,000 for improvements lately, so we've been taking them up on it: If this...
How hot has the market been lately? For the well-priced inventory, sales have been tremendous. But with the multitudes of offerees, and the way the list prices are being overbid, doesn't there seem to be ample demand to soak up at least a few more foreclosures? The...
shoppingaround left such a great comment that we'll call it a guest post: So, the good news (for those looking to buy a “deal”) is that this law shouldn’t stop too many foreclosures if so many banks were given exemptions. The question is how well will the banks move...
Who gets to fix this problem? Barratt owns this parcel free & clear: The City of Encinitas isn't going to let up on their low-income housing requirement, so....
Are there a bulk of bank-owneds that are being held off the market? A review of the tax rolls looking for detached homes owned by Countrywide, Cwabs, Bank of America, Bank of New York, US Bank, Deutsche Bank, Wells Fargo, Downey, and First Franklin found that there...
Today's L.A. Times is reporting that the St. Regis Monarch Beach in Dana Point is close to being foreclosed - their third mortgage of $70 million is in default: http://www.latimes.com/business/la-fi-numonarch10-2009jun10,0,7571143.story An excerpt: Business is so bad...
At last; a bank-owned, newer one-story on a decent lot at an attractive price - only $164 per sf: The previous owners refinanced in October, 2006, getting two loans that totaled $1,140,000. Six months later they got a new second, and another $60,000 cash-out, rounding...
