Thursday, January 31, 2008 at 08:25AM
Here They Come
This week's REO list is out, and it's a whopper.
It is a culmination of the last few weeks of trustee sale activity, and because we've seen that the recording of the deeds has been delayed in many cases, it could be that a bulk of them finally hit.
The recent REO list for the county has ranged from 20-50 pages, with five properties per page.
This week's list? 139 pages!
Click on 'San Diego County REOs' in right column >>>>>>>>>>>>>
Posted on Thursday, January 31, 2008 at 08:25AM
by
Jim the Realtor
in Foreclosures/REOs
|
11 Comments
Jim the Realtor
in Foreclosures/REOs
|
11 Comments
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Reader Comments (11)
So it is true, San Marcos super Realtor John Lundin was foreclosed on, see the latest list...
He paid $809.9K for it in 2004 according to SDLookup.com:
And interesting enough, a poster here mentioned foreclosure and John Lundin:
But Jim The Realtor chalked it up to the posters 'dry sense of humor.'
This for the whole county, how many of these are in the North SD County communities...?
Woohoo! The party is starting!
SFHills,
I had tried to deal with Lundin early in my house hunt long before I met Jim and I think Lundin is a schmuck too. I was working without an agent at the time and left him numerous messages by email and voice mail about one of his listings and he just ignored them.
Anyhow, I think what Jim's 'dry sense of humor.' comment was in reference to Bob saying Lundin was Jim's "pal".
Ahhh, thanks for the clarification Bear.
We are a former client on of Lundin's on the sales side, and we had major issues with him. He was also the agent for (2) of our immediate neighbors at the same time (2003), and they had even bigger problems than we did.
I can't say that I'm happy when anyone gets foreclosed on, but it does strengthen my belief in Karma in this instance.
Is there anyone actually still living in 92057?
Can someone interpet the fields in the REO report for me? I dont think I understand the Sale Date- Price field as it relates to the Sale Place field closer to the bottom. and then what does Min Bid mean?
Thanks
A little off topic, but seeing all the "Fraud/FBI" articles this week made me wonder.
Do people these days still think comparing the RE Bubble to Enron is wrong? In the past when I had done this, I always got comments that I didn’t know what I was talking about.
“FBI targets senior bankers in far-reaching sub-prime fraud inquiry”
“The FBI is investigating every level of the conspiracy that it believes perpetuated the housing boom and ultimately resulted in millions of Americans losing their houses, investment banks losing billions of dollars and the chief executives of Citigroup, Merrill Lynch, Bear Stearns and UBS resigning.”
If the sale price is above the min bid and the loan amount, is that the second mortgage holder buying?
IDIOTS!!!!!!!! Look at this, another idiot that cannot sell there house and thinks raising the price will help? Are people on drugs? And, what realtor wants to sit on a house for a year or more that knows is NOT going to sell?
List Price: $1,600,000
Address: 5207 OCEAN BREEZE CT.
City: San Diego
Cross Street: Yost Drive
Map Code: 1247 /J 4
MLS #: 076064374
Original List Price: $1,565,000
Pictures: 10 available
Subdivision: Soledad Hills
Zip: 92109
Community: PACIFIC BEACH
Listed on: 8/10/2007 (113 days)
Thanks for letting me vent. : )
Did someone really pay $945K for this SEH average size house 3 years ago?
It's on the market for $650K now, and it seems about $50-60K over priced...