A viewer's comment on YouTube led me to this terrific inside view of the 2008 financial crisis, and the resulting impact on the world. It rightly blames the entire fiasco on the Tan Man, who pitched his mortgages to Wall Street based on the yields generated if...
These are the crimes and attitude required to actually go to jail for real estate fraud: A former Fannie Mae employee will spend more than the next six years in prison after being found guilty of accepting more than a million dollars in bribes and kickbacks in...
We featured this bank-owned property earlier as an online auction (which didn't work out). They did find a cash buyer - I hope they got in the house to take a look around! This is a typical example of an REO sale these days. The former owners paid $1,650,000 in 2007,...
This sold for $318,000 in 2004, and I sold it for $140,000 in April, 2008. The same buyer still owns it. I'll never forget how the trash-out guy here was so cocky about having so much REO business that he said, "I make more money than you". He probably did, but I...
Here's an interesting case in 2019. Wells Fargo foreclosed on this Carmel Valley home in November. It had been listed on the MLS for the previous 12 months, and it looked like the agent had been trying to process a short sale (it was marked 'contingent'). She had it...
A good example of today's market conditions. At first, you would think a bank-owned house in the prime Derby Hill community in Carmel Valley would garner a lot of attention, and sell quickly. But this one isn't tricked out with extras, and it's not a canyon lot...
A rare Bubbleinfo TV trip to the beach area west of Coast Highway in Oceanside to see this very unique custom home that is a three-time loser - it was foreclosed in 1994, 2007, and February, 2017. A buyer paid $1,500,000 for it in 2005, got foreclosed, then purchased...
September 24, 2017 is the 12th anniversary of this blog! For a little perspective on where we've been, here is my most-watched YouTube. This house originally sold for $927,500 when new in 2005. I sold it for $485,000 in April, 2009 which was the low point of the San...
An employee of the Bank of America recently told me that they are not extending any of the loan modifications that have been issued over the years, to which I chuckled. "What are they going to do, foreclose?" "Yes" was the response, which got a chortle out of me. ...
An online auction to sell real estate? Maybe it will catch on! Gone are the days of the quick talking auctioneer, paddles and shouted bids. Today, San Diego County Treasurer-Tax Collector Dan McAllister announced he is moving the annual property tax sale auction...
