Let's keep the videos shorter - the first two seen in this Carlsbad tour were foreclosed in the last two weeks, but what will become of the remaining new homes/lots on the last street has yet to be determined:
Turbo REO Tour
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Buying at Trustee Sale
Foreclosure Drip
In order to track the bank-owned inventory trends, we have followed the same four REO agents over the last couple of years. With 7,293 properties on the NOD list, and 9,885 on the NOTS auction list in San Diego County, you'd think that the REO listing specialists...
Steady As She Goes
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. ...
Bloated Foreclosure Roll
Kelly at the Voice of SD reviews the current market conditions in the San Diego real estate market at this link, here's an excerpt: There were 9,243 active homes and condos for sale on the Multiple Listing Service on Tuesday, according to Klinge. That number pales...
On-Line Trustee Sales FL
Hat tip to John for sending this in! We've wondered if buying at the trustee sales might get easier some day, and to have open bidding on the internet seems like a natural progression. You may have seen this at Mish's site, but if not, the article linked here...
Gamblin’
Hang in There!
Another round of postponements today, but hopefully this youtube will keep you in the hunt:
Farce-List?
There are 10,387 properties on the SD County auction list, but only 193 have hit the court house steps here in the first week of February. Postponements of trustee sales are the norm, but if a few of these in this video hit the court house steps, their pricing, and...
Villas Del Railroad
Let's take a look at a possible trustee sale coming up in Carlsbad. The property is right on Tamarack - the house is a 1,080sf tear-down on a 30,492 sf lot, which is roughly 117 ft wide, by 275 ft. deep. First determine what is the highest-and-best use. Look at the...
Program Update
A reader inquired by email today about how the trustee sale program is coming along, and specifically how do I handle the title and occupancy issues. Here was my response: I check with my favorite title officer, and he does the same investigation that they do when...
