We already saw the first ride out to determine occupancy, now that the locksmith has come by and changed the locks, somebody has to verify that there is 'personal property' like the locksmith said. Video Trip Two, to east Valley Center: My task is to take photos of...
There is a clamoring for "deals". Over the last twelve weeks there have been 785 trustee sales where a bidder purchased the property, rather than it go "back-to-bene". There were probably a few of the 785 that were bought by an owner-user, but we can probably guess...
Once assigned an REO from B of A/Countrywide, the first task is to determine occupancy. Let's go by for a preliminary look of 1070 Buena Vista in downtown Carlsbad, about 100 yards west of the I-5 freeway:
Susie asked about the $8,000 tax credit, and CR was ablaze with 300+ comments yesterday after this article appeared in the N. Y. Times: http://www.nytimes.com/2009/09/16/business/16home.html?_r=1 Joseph and Chassity Myers are among the two million buyers eligible for...
My second REO assigment in the last two weeks, after a couple of dry months - could this be the beginning? I think it is, but the quality isn't great yet, at least of the ones they send me. This 1,245sf house on Paseo Ajanta in Rancho Penasquitos will probably need...
A few more bank-owneds in Del Mar, Solana Beach, and Encinitas in this youtube video:
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...
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?
In case you didn't catch it in other places..... Bank of America's statement about their foreclosures/REOs: Foreclosure sales have been abnormally low since we learned of the pending implementation of the administration’s Making Home Affordable program. From that...
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 =...
