If they make it a condition of sale that the investors have to rent the REOs they purchase, and can't sell them, then this idea won't have much impact on the resale market. Selling bank-owned properties out of the shadow inventory and then designating them for rental...
REO sales will peak when the banks decide to peak them. From HW: The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some time, analysts estimated Monday. Nearly half of the more than...
Another example of how the REO business is working. This took 5+ months to get to market (it was assigned to us on March 11th), and it still doesn't look very appealing. If the banks were taking a while because they were spending the right money to fix them up to...
In the comments of the last post, we were discussing the thought of making an offer on a house that you haven't seen. It is definitely more personal when you are looking at a primary residence - so let's start with an investment property! The intent of this video is...
The number of SFRs foreclosed between Jan. 1 and August 10th in 92130: 2010: 22 2011: 23
More recent foreclosures of formerly-million-dollar homes around south Carlsbad:
A guy who probably just wanted to get a little something for himself, finds out that seeing a project through to the end can be a bigger challenge than it appears: If this might be your cup of tea and want more details, here are other clips that didn't make the first...
Here's the first REO assignment in a couple of months, but I'm not expecting more than a trickle from now on. But at least we can call this a premium location:
In trying to keep my promise to post only NSDCC-related data, here's a national article from G-S, with NSDCC relevance at the bottom. Hat tip to Aztec for sending this along: As of 1Q, the number of seriously delinquent federally backed loans surpassed the number held...
Thank you to those who made the ultimate sacrifice for their country, and to those who served. The previous generation was proud to serve - My dad was a ROTC second lieutenant in the U.S. Army, and my two uncles served as well - Tom was in the Navy, and John was in...
