foreclosure: The banks are hurting themselves and hindering market recovery - 03/31/09 12:19 AM
As most buyer's agents know, the bank selling a home in foreclosure will often take a cash offer that is less than an offer which contains a financing contingency. That may make sense, and may seem harmless enough, but let's look at it in more detail.
By taking a cash offer, … (0 comments)
foreclosure: Short sale turns to bank owned. Will the bank come out ahead? - 07/24/08 04:26 PM
I had a buyer offer $360,000 4 months ago for 1706 Calle Platico in Oceanside's Rancho Del Oro neighborhood. We were beat out one month later by an offer at $378,000. Today the bank lists the home as an REO at an asking price of $325,000. Will multiple offers drive the price … (0 comments)
foreclosure: Olga's foreclosure has a happy ending - 04/01/08 12:00 AM
At least it was a happy ending for the buyer of her home who I met the other day. He paid $404,500 including the 5% buyer's fee at the Real Estate Disposition Corporation's last public auction. The interesting part of the story is one of my first conversations with Olga in … (3 comments)
foreclosure: Real estate agents own properties in foreclosure or are short sales - 02/20/08 10:38 PM
Since I've been doing BPOs(broker price opinion...kind of like a mini-appraisal on properties in financial distress) in the north San Diego County area, it has become increasingly obvious that a number of real estate agents in the area have homes with a notice of default(behind on their payments), or are attempting short … (6 comments)
foreclosure: Lender Foreclosure Home Auction Round 2: August 18, 2007. More homes on the block! - 09/27/07 01:37 AM
Does This Second Lender Foreclosure Home Auction Show the Direction We are Heading? San Diego County Lender Foreclosure Home AuctionConducted by Real Estate Disposition Corporation August 18, 2007San Diego Convention Centerwww.USHomeAuction.com The first auction conducted by REDC in May which I researched contained 3 Oceanside, CA properties and 1 in Carlsbad. This time around … (1 comments)
foreclosure: Buyer Activity for July-October in East Oceanside, CA. Predicting the future... - 09/13/07 06:17 PM
Buyer Activity Anaylsis for East Oceanside With lender guidelines now more restrictive, a jump in interest rates on jumbo loans(over $417,000), and distressed sale properties(short sales and bank-owned) more plentiful, buyer activity on non-distressed sale homes has been slow in East Oceanside since the start of July 2007. To see if there is … (1 comments)
foreclosure: Lender Foreclosure Home Auction Analysis: is this a good deal? - 08/16/07 01:47 AM
My Analysis of the Real Estate Disposition Corporation's Residential Home Auctions for Oceanside and Carlsbad http://www.ushomeauction.com/I have many clients, and also realtors like myself, looking at auctions as a potential way of finding properties under value. The trustee sale auctions which occur at the end of the foreclosure process seem to be … (0 comments)
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As most buyer's agents know, the bank selling a home in foreclosure will often take a cash offer that is less than an offer which contains a financing contingency. That may make sense, and may seem harmless enough, but let's look at it in more detail.
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