Can-Kicking
Another example of how the REO business is working. This took 5+ months to get to market (it was assigned to us on March 11th), and it still doesn’t look very appealing. If the banks were taking a...
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REO Sales to Peak Someday
REO sales will peak when the banks decide to peak them. From HW: The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some...
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Next Up: Selling REOs to Investors
If they make it a condition of sale that the investors have to rent the REOs they purchase, and can’t sell them, then this idea won’t have much impact on the resale market. Selling bank-owned...
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Glimpse of the Shadow Inventory
Here is a video tour of a few houses in the shadow inventory – ones that are bank-owned, but not listed for sale, but presumably coming to market at some point. Yes, you could consider the 412 SFRs on...
View ArticleCarlsbad REO Contest
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...
View ArticleNSDCC Foreclosed Properties
For those wondering if there will ever be any more bank-owned properties for sale, here is the list of 38 houses between La Jolla and Carlsbad that are owned by lenders, or 3rd parties who purchased...
View ArticleSan Diego County Tax Sale
An online auction to sell real estate? Maybe it will catch on! Gone are the days of the quick talking auctioneer, paddles and shouted bids. Today, San Diego County Treasurer-Tax Collector Dan...
View ArticleOceanside 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...
View ArticleREO Sales to Peak Someday
REO sales will peak when the banks decide to peak them. From HW: The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some...
View ArticleNext Up: Selling REOs to Investors
If they make it a condition of sale that the investors have to rent the REOs they purchase, and can’t sell them, then this idea won’t have much impact on the resale market. Selling bank-owned...
View ArticleCV REO Trucking!
A preview of the next entry on the JtR REO Challenge Tour: The post CV REO Trucking! appeared first on bubbleinfo.com.
View ArticleWorking the REO Trail
The value of this one hasn’t changed much since the beginning: The post Working the REO Trail appeared first on bubbleinfo.com.
View ArticleGlimpse of the Shadow Inventory
Here is a video tour of a few houses in the shadow inventory – ones that are bank-owned, but not listed for sale, but presumably coming to market at some point. Yes, you could consider the 412 SFRs on...
View ArticleCarlsbad REO Contest
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...
View Article‘End of Forbearance To Be A Non-Event’
Health, unemployment, stairs, taxes, finances, politics…….selling your home is becoming the answer for everything! More than 2.5 million American homeowners have stopped paying their mortgages, taking...
View ArticleForbearance Report
Thanks to KCM for providing this report: According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have...
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