The foreclosure activity around Carmel Valley, Del Mar, and Solana Beach has been sluggish, to say the least. The numbers of SFRs on the auction lists are low, and they're filled with loan modders and current short sellers. With only a handful getting foreclosed...
It looks like servicers are coasting into the HAFA/short-sale era, which officially begins April 5th. Here are the foreclosure stats from the last 12 weeks: My guess? The HAFA package will encourage borrowers to pick a lane - either loan modification or short-sale. ...
December 15, 2009 - ForeclosureRadar.com, the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for November 2009. Despite apparent headline month-over-month declines in...
Over the weekend I was discussing with a new client my outlook for 2010. He said that in person I sounded more optimistic about the market than on the blog, and I agreed. Some is due to trying to provide all evidence and let you decide, but more is due to recent...
Here is more from our trustee-sale investigation. When the trustee sale has no bidders, and the property goes 'back to bene', how does the bank perform in the open market? This is a review of the sixty Bank of America and forty of the Wells Fargo REO sales since...
Take a ride around town on the "Euphoria Express", and see how some recent REO listings have been selling:
When the big bombers start falling from above, it can't help but squish everything below. This Pulte tract house in La Costa Greens sold for around $1.3 million in 2005:
A few months back after this house was foreclosed for the second time, I went by and found a door open, and peeked inside for a quick look. There has been workers there ever since, so hopefully we'll see it back on the market at some point - and maybe get an...
