Homes that were foreclosed back in the day have been re-selling - and someone you know just happens to have an extensive video library! The original purchase price for this McMansion in Chula Vista was $1,301,500 in 2007, but got foreclosed 20 months later. The bank...
My all-time #1 most watched video (out of 2,155) from Christmas, 2008, The previous owners paid $927,500 in November, 2005 - I sold it for $485,000 in April, 2009 after 56 days on the market for $108/sf: http://www.jimklinge.com/Properties.php/Details/104
Just one more rerun before Kayla introduces our new listing tomorrow night. This is the 7th most-watched video on Bubbleinfo TV, and is a greatest-hits tour through the REO-listing days. In April, 2008, the Bank of America had dumped twenty of their REOs in my lap,...
We're a little low on videos currently so let's re-run an old favorite from February, 2009. This is the second-most viewed video from JimtheRealtor YouTube account, with 27,104 views! For those who have joined us in just the last couple of years, this was a typical...
For those wondering if there will ever be any more bank-owned properties for sale, here is the list of 38 houses between La Jolla and Carlsbad that are owned by lenders, or 3rd parties who purchased them at the trustee sale: NSDCC Foreclosed Properties July 2015 A...
From the SD Union-Tribune: http://www.utsandiego.com/news/2015/jun/05/foreclosure-shortsale-boomerang-buyers-real-estate/? An excerpt: When Chad Sanfillipo got the keys to his house in Ramona last year, he had come full circle in the real estate market. After losing...
Hat tip to Wendy for sending in this article on subprime vs. prime mortgages causing the crisis. The authors probably didn't catch the fact that prime borrowers were getting neg-am loans based on FICO scores only, and those weren't considered subprime loans:...
From Slate: http://www.slate.com/blogs/browbeat/2015/06/02/_99_homes_trailer_michael_shannon_is_the_gordon_gekko_of_real_estate_in.html One of the most acclaimed movies from the festival circuit this year is 99 Homes, the latest from Chop Shop and Man Push Cart...
Hat tip to daytrip for sending this along: http://www.vice.com/read/this-former-bank-regulator-quit-his-job-to-fight-for-his-house-518 Eric Mains is fulfilling a dream many Americans have had since the onset of the financial crisis seven years ago: He's attacking...
The foreclosure rate of loans originated over the last few years has been LOW! If the strict underwriting continues, we will only see an occasional foreclosure from now on. We'll be telling our grandkids about how back in the day there was this guy who ran a...
