Here's a reminder of the last crisis (this video is from February, 2011), when we all thought foreclosures would last forever. We listed for $709,000 and it sold for $675,000 in July, 2011 after 39 days on the market. It resold in August, 2018 for $980,000: What it...
REO Pre-Listings
Oceanside Beach Bank-Owned
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...
REO Listings Skyrocket
I hope the headline porn grabbed you! 😆 REO listings have increased lately around NSDCC, though they are still a small fraction of the overall marketplace (there have been 2,238 detached-home sales closed this year between Carlsbad and La Jolla). The short-sale...
The Last Roundup
BofA hasn't sent any REOs my way in over six months, so hopefully they lost my number. But if Shadash and I start a band, we might have a name - and we'd be grrateful that it all started here:
Squat
Just when you think you're in for another routine day at the plant, more turbulence. Wifey thinks I'm getting too aggressive on the blog, but like another agent said today - if you're going to be a successful realtor in this market, you gotta be able to deal with the...
Bungalow REO – Interior
Here's a tour for those wanting a peek inside what most women would call the "cute" beach bungalow, built in 1928:
Beach Cottage Contest
The REO tsunami dripped another drop today, I was assigned this property whose trustee sale was just last Thursday, November 12th. The former owner was from Newbury Park, which, according to wiki, has the highest median prices in Ventura County, and among the most...
Back to Hellhole Canyon
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...
Selling the BV REO 1
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:
Here Come The Gargoyles
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...