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...
Just one more rerun before Kayla introduces our new listing tomorrow night. This is the 7th most-watched video on Bubbleinfo TV, and is a greatest-hits tour through the REO-listing days. In April, 2008, the Bank of America had dumped twenty of their REOs in my lap,...
My high school baseball coach used to say, "I don't believe anything I hear, and only half of what I see!" In our latest contest, readers submitted their guess at the highest bid + 5% buyer's premium for this property in SE Carlsbad:...
Usually WaMu would have a REO agent do the normal routine - vacate, paint, and then list the home on the open market for just under retail. The bank has already foreclosed - but instead selling of the old-fashioned way, they chose to make it an auction.com exclusive...
Though this video has a dramatic backdrop - the 7,459sf REO listing high on the hill in La Jolla - the goal is to showcase Kayla's first real appearance on Bubbleinfo TV. Don't miss the last five seconds:
There are still a few REOs left - this is another PennyMac deal that no one wanted for $878,000 at the trustee sale in March. Must be on the market for ten days before they entertain offers - buyers will be snoozing by then:
We are approaching the previous-peak pricing in most areas, and you know it's hopping when standard tract houses in Carlsbad with few upgrades are listing for $1,000,000. This house sold new for $1,004,500 in 2005, and for $1,180,000 in 2007 and that sale was 95%...
Banks are constantly tweaking their foreclosure package, thinking it will provide more benefits. In the confidential remarks: This property is under Auction Terms. All bids are to be submitted through auction.com. This property is subject to a 5% buyer's premium. Here...
In the first four months of 2012, there were 67 REOs listed for sale in NSDCC. This year there were 24 - not counting this one:
Why would people list their home as a short-sale? Because their lender is applying pressure to either make payments, short-sale, or be foreclosed. At least that is the old-fashioned way of banking. It's possible that, after months or years of delinquency, some might...
