Hat tip to daytrip for sending this along, from the wsj.com: The Obama administration is examining ways to pull foreclosed properties off the market and rent them to help stabilize the housing market, according to people familiar with the matter. While the plans may...
There have been 224 Carmel Valley houses that have closed escrow year-to-date (avg. $335/sf). There have been 18 SFRs foreclosed YTD in 92130, with very little, if any, influence on the market:
From the sales brochure: Scripps Investment and Loan Building is a 15,916-square foot office building on approximately one third of an acre located in the Village of La Jolla. The subject property boasts unobstructed ocean views in a location that would be considered,...
Let's keep an eye on those properties recently foreclosed - first stop, Carlsbad:
These days, every time you read the news you'll see another expert talking about the shadow inventory coming home to roost. Depending on the guesser, there will be somewhere between 3 million and 8 million homes that get foreclosed in America over the next 1-10...
From reoi.com plus thanks to tj and the bear for sending the photo - let's find a Blazer for sale!: Mariner Real Estate Management (MREM), a real estate investment and management firm based in Kansas, closed a deal to acquire a $760 million portfolio of residential...
The astute observers can pick out the suspicious deals from a mile away. But how do they play into the decision-making on the street? How can you capitalize on the extra knowledge? If there was an area that had a bad comp but had more good comps and was generally...
The scorecards are out for Bank of America's REO agents, and I got whacked again, achieving a score of 80, out of a possible 95, for the three closings between November and January. My sales price-to-last BPO was 107%, so they deducted 5 points, and my average market...
You've seen every house on the market, you think the new listings are pathetic, and you keep wondering about those bank deals on the court house steps. Eventually JtR's going to have some video showing that it can be done. If I'm willing to risk it, what will roughly...
Hat tip to Susie! From the L.A. Times: The measure, which is expected to be signed by Gov. Arnold Schwarzenegger, would waive state taxes on mortgage debt that has been forgiven in a foreclosure or short sale. Thousands of Californians whose homes were foreclosed on...
