A rarity here - a super custom 5,083sf house built in 2008 on 2.21 acres for only $819,000!
REO Cathedral
read more
REOs for sale
Near Santaluz
The last video we saw over here (in Santa Monica link) has not gone pending, so where is the market? There are multiple reasons to blame for not selling: 1. It's early in the season (it's not). 2. The right buyer hasn't come along (if they haven't by now, they...
$150,000 Backyard
The $726 per month in HOA and Mello-Roos fees may not have sounded like much in the peak era, but today it sounds like $140,000 in purchasing power, given the 4.5% jumbo 30-year fixed rate. Is the list price low enough, or backyard cool enough, to compensate?
Golf Project
An aborted project on the La Costa Resort - a professional might be able to whip this into shape:
Rancho One-Story REO
This house looks like a mild cosmetic fixer, but I think you could spend $100,000 to $200,000 fairly easily on repairs/improvements. Will the half-acre be a hindrance, or a positive?
Banks Sell For Retail
America has been brainwashed into thinking that foreclosures cause lower values. Yes, these are only a couple of examples, but they represent the majority of bank-owned properties:
Rich Get Richer
Hat tip to SM and jpinpb for sending this along....from Reuters: Dan Magder recently gave up a top job with private equity firm Lone Star Funds to strike out on his own and become a landlord. He's joining a growing list of big and small investors who see fat profits...
Safe Haven?
One West Bank foreclosed on this home in August, 2010, but it looked like they let the former owner try to re-coup some of his $2,500,000 down payment - because he had it listed last summer for $5,200,000. But things didn't work out for him:
Foreclosure Economy
Thanks daytrip for the support! From npr.org: Meet Willow Tufano, age 14: Lady Gaga fan, animal lover, landlord. In 2005, when Willow was 7, the housing market was booming. Home prices in some Florida neighborhoods nearly doubled from one month to the next. Her family...
Rat Pack-ish
This looks like a run-out old 1970's fixer in the San Marcos school district but it is on the best side of the golf course were you'll get afternoon sun and no golf balls! At the peak there were sales of $1.775 and $1.8 million on this side of the street! Regardless...
