click here
It's not over yet inspite of what they...say click here
We read some interesting allegations last night. Seems bank only pay 3 percent commissions on reo's. (not verified). and awarding these listing to special in crowd agents who only award these listings to special in crowd clients. As said, these are strictly allegations and not verified and we didn't make them. We dont know if this true or not... since we arent interested in homes under 200k I have no idea or interest.
More foreclosure woes:click here
More taxes, surprise, surprise...click here
Monday, July 20, 2009
Lessons
from the housing bubble;cclick here
Flippers:click here
Shiller and subprime:click here
Out of woods; click here
when credit isn't enough:click here
Flippers:click here
Shiller and subprime:click here
Out of woods; click here
when credit isn't enough:click here
Sunday, July 19, 2009
more drywall
click here
We looked at the info reported by Mr. 140. it appears from the record that owner/blipper owns another property in LHP and that US Bank has filed an LP on said property. It also appears from the record that two concrete companies have filed LP's against the original mentioned listing. That's a huge house with an elevator/??
We just read about the high speed train, wonder what impact that will have? if any...
More appraisal wars;
click here
We looked at the info reported by Mr. 140. it appears from the record that owner/blipper owns another property in LHP and that US Bank has filed an LP on said property. It also appears from the record that two concrete companies have filed LP's against the original mentioned listing. That's a huge house with an elevator/??
We just read about the high speed train, wonder what impact that will have? if any...
More appraisal wars;
click here
Saturday, July 18, 2009
come back
why hasnt RE comeback part duex:click here
Taking a loss; we like this house, not this particular house but the layout; being that sooner or later we are going to have to care for a family member and the guest house would be an added bonus, maybe a bit enlarged for the member;
We have been looking at this particular model for over a year. see a listing here:
listing here on the market for over 130 days and the seller has reduced the price once. It is also interesting to note that according to records he is taking an immediate 300k plus loss, If.. I read the record correctly, purchase here:purchase We also noted another listed a few days ago for asking $925k. this is all a wishing game due to the homes being landlocked and no place for a boat. But the point is, it will be interesting to see where these homes end up. I found purchases from the builder as far back as 03 in the low 7,s. for this particular model. This is not counting in options,upgrades etc that might of been added to others and well as timing.
Prices and behavior:click here
Foreclosure filings drop ???click here
Bidding war, when the market comes back crowd. click here
Taking a loss; we like this house, not this particular house but the layout; being that sooner or later we are going to have to care for a family member and the guest house would be an added bonus, maybe a bit enlarged for the member;
We have been looking at this particular model for over a year. see a listing here:
listing here on the market for over 130 days and the seller has reduced the price once. It is also interesting to note that according to records he is taking an immediate 300k plus loss, If.. I read the record correctly, purchase here:purchase We also noted another listed a few days ago for asking $925k. this is all a wishing game due to the homes being landlocked and no place for a boat. But the point is, it will be interesting to see where these homes end up. I found purchases from the builder as far back as 03 in the low 7,s. for this particular model. This is not counting in options,upgrades etc that might of been added to others and well as timing.
Prices and behavior:click here
Foreclosure filings drop ???click here
Bidding war, when the market comes back crowd. click here
Friday, July 17, 2009
More of the same
Mortgages and Jp Morgan:click here
We are still number 3 in the nation: click here
more records:
click here
We are still number 3 in the nation: click here
more records:
click here
Thursday, July 16, 2009
Housing boom?
click here or the green eyed greed gremlin too over and mesmorized the masses....
Housing bottom in sight?click here
Macroshares betting housing up gained at close;UMM
Macoshares betting housing down off 62 cts at close;click here
Foreclosure filings: we searched from 7/1 to 7/15 and here's what we got:
"Found: 934 foreclosures(s), viewing 1 through 25. 934 in 15 days, I must have done something wrong.....?? maybe its commercial stuff ??
Rent ?click here
1.5 million and counting:click here
Housing bottom in sight?click here
Macroshares betting housing up gained at close;UMM
Macoshares betting housing down off 62 cts at close;click here
Foreclosure filings: we searched from 7/1 to 7/15 and here's what we got:
"Found: 934 foreclosures(s), viewing 1 through 25. 934 in 15 days, I must have done something wrong.....?? maybe its commercial stuff ??
Rent ?click here
1.5 million and counting:click here
Wednesday, July 15, 2009
More scams
click here
Predicting;click here
Florida a state in trouble:click here
Mini Madoff:click here
Rent to own;click here
Predicting;click here
Florida a state in trouble:click here
Mini Madoff:click here
Rent to own;click here
Tuesday, July 14, 2009
10 Things
click here
By the way... the money says: Macroshares housing down closed 36.50 Down here
Macroshares betting housing up: 13.58 up here
One in four:click here
400 and counting:click here
Shiller speaks:click here
Foreclosure frenzy:click here
This was hard to find but what was talked about a couple of days ago:
click here
By the way... the money says: Macroshares housing down closed 36.50 Down here
Macroshares betting housing up: 13.58 up here
One in four:click here
400 and counting:click here
Shiller speaks:click here
Foreclosure frenzy:click here
This was hard to find but what was talked about a couple of days ago:
click here
Monday, July 13, 2009
Deliberate
click here
Down payments;click here
shiller;click here
We see the Florida Association of REaltors has a website up and running, survey asking questions about foreclosures, faceofforeclosure.com, but in their survey we didn't notice a question that asked was this a walk away, maybe we missed that part.
Down payments;click here
shiller;click here
We see the Florida Association of REaltors has a website up and running, survey asking questions about foreclosures, faceofforeclosure.com, but in their survey we didn't notice a question that asked was this a walk away, maybe we missed that part.
Sunday, July 12, 2009
Saturday, July 11, 2009
Friday, July 10, 2009
appraisal code
click here
Shape of things to come?? are HOA's next? click here
Record high foreclosures;click here
Wow... RTC 2.0click heream i reading way more than necessary into this. sounds very scary....to me ?
Beating a dead horse? click here
maybe not...
Duetsche bank: click here as of today, according to records they own 1113 properties in broward county.
Shape of things to come?? are HOA's next? click here
Record high foreclosures;click here
Wow... RTC 2.0click heream i reading way more than necessary into this. sounds very scary....to me ?
Beating a dead horse? click here
maybe not...
Duetsche bank: click here as of today, according to records they own 1113 properties in broward county.
Thursday, July 9, 2009
Predictions
click here
Mortgage collapse, worth the read:click here
Chinese drywall fire away....?click here
chances:
click here
Mortgage collapse, worth the read:click here
Chinese drywall fire away....?click here
chances:
click here
Wednesday, July 8, 2009
Tuesday, July 7, 2009
Morttgages
click here
Blog; I am going to take the law course for bloggers. I also am going to
find out if I can get an addition to my home owners.
I dont think I have anything to worry about since I always made an concerted effort to be as accurate as possible and not make stuff up.
more later.
Miss J.
Blog; I am going to take the law course for bloggers. I also am going to
find out if I can get an addition to my home owners.
I dont think I have anything to worry about since I always made an concerted effort to be as accurate as possible and not make stuff up.
more later.
Miss J.
Monday, July 6, 2009
Gun shy, Free speech is dead
I am gun shy, free speach is no longer. AFter reading the following
click here Blog insurance, 500/year?? First off I never have made more than 10 bucks that I have yet to recover from google adsense. I do this for fun and because I have a personal interest. ,
My experience with lawyers has been less then stellar being married to one in my youth and being severely taken advantage of because I was young and vunerable and then he married my best friend.
What I have, I have earned myself, lived within my means, struggled for more than 50 years, saved and never cheated anyone out of anything,ever !! It isnt much, but I dont want to have to end up giving it to some lawyer. Therefore I am at an empasse as of right now as to the future of this blog.
Miss J.
click here Blog insurance, 500/year?? First off I never have made more than 10 bucks that I have yet to recover from google adsense. I do this for fun and because I have a personal interest. ,
My experience with lawyers has been less then stellar being married to one in my youth and being severely taken advantage of because I was young and vunerable and then he married my best friend.
What I have, I have earned myself, lived within my means, struggled for more than 50 years, saved and never cheated anyone out of anything,ever !! It isnt much, but I dont want to have to end up giving it to some lawyer. Therefore I am at an empasse as of right now as to the future of this blog.
Miss J.
Commerical RE next to tank
Commercial real estate to tank click here
Crash 101:
click here
Legalized home gambling :click here
The ultimate walk away: click here
Crash 101:
click here
Legalized home gambling :click here
The ultimate walk away: click here
Sunday, July 5, 2009
More foreclosures
click here
Zero money down:
click here and.... using your home as a virtual piggy bank to buy a bunch of "spit" you didnt need.
the condo pitfall:click here
Zero money down:
click here and.... using your home as a virtual piggy bank to buy a bunch of "spit" you didnt need.
the condo pitfall:click here
Saturday, July 4, 2009
Friday, July 3, 2009
Here comes another wave....& short sales
another wave, click here
short sales: I have been avoiding this topic but now I feel necessitated to speak to this issue. I have noticed more than one real estate person using this label as a tactic to make a home seem more attractive and giving the illusion that the property is bank owned, or in the throws of foreclosure when it is in fact not. This seems to be the new... marketing ploy, buyer beware, check the property records and court records before falling for this label. And yes there are short sales where the seller is willing to sell the property for less than owned but this is entirely different beast in my view than one leading you to believe.. oh boy, this home is in foreclosure or the bank owns its, it must be a great deal.... Maybe maybe not.
Maybe its a strech of truth to get a response by less than truthful marketing, imagine that, or maybe the seller has used the home as a virtual piggy bank and ran up the debt with "wild spending" so that the home is mortgaged to the hill, as to they say. just because someone was reckless with their financial program and indebted a property way above its real value and then decides to sell for less than owed doesnt necessarily make it a discounted property in my view. One must be vigilant use the tools and links provided here to find out the exact status of each property of interest.
Here is one that was advertised after the fact as a short sale perhaps to lessen the
fact that this particular home is one of the most favoured of this type due to location and is the first one ever to sell for this price. Also to smooth over this fact so that the other homes which are less attractive location wise, will not be in shock since they are all asking close to a million dollars.
purchased in 05 for 804,000 sold for 525,000. this is the first time any of these homes have sold for this price level. being adverted sale as short sale.
sale and purchase here
we could find no record of lis pendens, liens or other official records. It appears from the records that this purchase was an intended flip that flopped since the person owns another home in the community purchased same year and he cut his losses and came up with over 200k out of his own pocket to cover a mortgage of approximately
840k if I read the records correctly.
wonder how the neighbor feels asking 950k
click here
and another at a mil :
click
and no doubt the answer will be oh that house... that was a short sale implying something other than the seller decided to get out of dodge and cut his losses.
Wonder what that will do to appraisals and comp?????
____________________________
Our entry today from 2500 max. thanks bunches, my root canal thanks you !!!
Here is our tract home McMansion of the day entry. This is a big one at > 4500 sq ft. Same MO, paid way too much and now Mr Bank owns it as of 6/26/2009. We will probably see this one on the MLS for 50% off.
http://www.bcpa.net/RecInfo.asp?URL_Folio=513936025560
Lets see how a 50% off $775K ($387K) MLS listing could affect the neighboring properties.
Purchased 1/2005 for $493K
Purchased 8/2005 for $625K
Ouch!
2500 sq ft Max.
July 2, 2009 6:44 AM
Anonymous said...
We have read about delusional sellers of McMansions thinking the prices are "coming back"...well.
Here is one that just hit the MLS.
MLS: H863553 asking $1,100,000 that is correct $1.1 million in a development of tract homes. You may be thinking someone is trying to make a huge profit if they can get someone to pay $1.1 mil...actually it is a loss on this tract home McMansion. Yep, it is a loss!
Purchased brand new from the builder at the height of the bubble 5/2006 for...are you ready?....drum roll please...$1,305,000...thats correct $1.3 million for a tract home.
http://www.bcpa.net/RecInfo.asp?URL_Folio=513925053650
I will give credit to the fact that this monster tops out at an impressive 5279 sq ft. On the other side of the ledger this is not a plus in that most people will discount the price due to the massive carrying costs.
Lets look at what estimated value is.
Zillow: $661K
Corelogic: $720K
Cyberhomes: $463K looks like it uses foreclosures of which there are many here.
If this sells for close to the estimated values, how could this affect the homes next door.
Purchased: 7/2005 for $1,025,000
Purchased: 4/2007 for $939,500
If this sells close to the estimated values it may make the $700K loss club and hammer the comps for surrounding homes.
Oh my!
___________________________________________
The shadow inventory being held by banks to protect this positons, nobody talk about that....click here
short sales: I have been avoiding this topic but now I feel necessitated to speak to this issue. I have noticed more than one real estate person using this label as a tactic to make a home seem more attractive and giving the illusion that the property is bank owned, or in the throws of foreclosure when it is in fact not. This seems to be the new... marketing ploy, buyer beware, check the property records and court records before falling for this label. And yes there are short sales where the seller is willing to sell the property for less than owned but this is entirely different beast in my view than one leading you to believe.. oh boy, this home is in foreclosure or the bank owns its, it must be a great deal.... Maybe maybe not.
Maybe its a strech of truth to get a response by less than truthful marketing, imagine that, or maybe the seller has used the home as a virtual piggy bank and ran up the debt with "wild spending" so that the home is mortgaged to the hill, as to they say. just because someone was reckless with their financial program and indebted a property way above its real value and then decides to sell for less than owed doesnt necessarily make it a discounted property in my view. One must be vigilant use the tools and links provided here to find out the exact status of each property of interest.
Here is one that was advertised after the fact as a short sale perhaps to lessen the
fact that this particular home is one of the most favoured of this type due to location and is the first one ever to sell for this price. Also to smooth over this fact so that the other homes which are less attractive location wise, will not be in shock since they are all asking close to a million dollars.
purchased in 05 for 804,000 sold for 525,000. this is the first time any of these homes have sold for this price level. being adverted sale as short sale.
sale and purchase here
we could find no record of lis pendens, liens or other official records. It appears from the records that this purchase was an intended flip that flopped since the person owns another home in the community purchased same year and he cut his losses and came up with over 200k out of his own pocket to cover a mortgage of approximately
840k if I read the records correctly.
wonder how the neighbor feels asking 950k
click here
and another at a mil :
click
and no doubt the answer will be oh that house... that was a short sale implying something other than the seller decided to get out of dodge and cut his losses.
Wonder what that will do to appraisals and comp?????
____________________________
Our entry today from 2500 max. thanks bunches, my root canal thanks you !!!
Here is our tract home McMansion of the day entry. This is a big one at > 4500 sq ft. Same MO, paid way too much and now Mr Bank owns it as of 6/26/2009. We will probably see this one on the MLS for 50% off.
http://www.bcpa.net/RecInfo.asp?URL_Folio=513936025560
Lets see how a 50% off $775K ($387K) MLS listing could affect the neighboring properties.
Purchased 1/2005 for $493K
Purchased 8/2005 for $625K
Ouch!
2500 sq ft Max.
July 2, 2009 6:44 AM
Anonymous said...
We have read about delusional sellers of McMansions thinking the prices are "coming back"...well.
Here is one that just hit the MLS.
MLS: H863553 asking $1,100,000 that is correct $1.1 million in a development of tract homes. You may be thinking someone is trying to make a huge profit if they can get someone to pay $1.1 mil...actually it is a loss on this tract home McMansion. Yep, it is a loss!
Purchased brand new from the builder at the height of the bubble 5/2006 for...are you ready?....drum roll please...$1,305,000...thats correct $1.3 million for a tract home.
http://www.bcpa.net/RecInfo.asp?URL_Folio=513925053650
I will give credit to the fact that this monster tops out at an impressive 5279 sq ft. On the other side of the ledger this is not a plus in that most people will discount the price due to the massive carrying costs.
Lets look at what estimated value is.
Zillow: $661K
Corelogic: $720K
Cyberhomes: $463K looks like it uses foreclosures of which there are many here.
If this sells for close to the estimated values, how could this affect the homes next door.
Purchased: 7/2005 for $1,025,000
Purchased: 4/2007 for $939,500
If this sells close to the estimated values it may make the $700K loss club and hammer the comps for surrounding homes.
Oh my!
___________________________________________
The shadow inventory being held by banks to protect this positons, nobody talk about that....click here
Thursday, July 2, 2009
fannie freddie to finance underwater loans
act surprised would you.....click here
McMansion of the day from 2500 max.
thank you,
Here we have our tract home McMansion of the day entry. Same MO, paid way too much and now it is listed on the MLS for 49% off.
ON MLS: as of 16 minutes ago on7/1/2009 asking $280K
Purchased: 7/2005 for $545K
http://www.bcpa.net/RecInfo.asp?URL_Folio=513923051850
:
Lets see how this $280K asking price may impact the neighbors.
Purchased: 4/2004 for $450K
Purchased: 11/2008 for $460K
Oh My!
2500 sq ft Max.
___________________________
Sign of the times:
click here
McMansion of the day from 2500 max.
thank you,
Here we have our tract home McMansion of the day entry. Same MO, paid way too much and now it is listed on the MLS for 49% off.
ON MLS: as of 16 minutes ago on7/1/2009 asking $280K
Purchased: 7/2005 for $545K
http://www.bcpa.net/RecInfo.asp?URL_Folio=513923051850
:
Lets see how this $280K asking price may impact the neighbors.
Purchased: 4/2004 for $450K
Purchased: 11/2008 for $460K
Oh My!
2500 sq ft Max.
___________________________
Sign of the times:
click here
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