San Diego Housing Market News and Analysis
OT:Carmel Valley: Foreclosure inventory and banks trickling them on the market
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Submitted by flu on July 15, 2012 - 6:18pm
...So I had a friend that use to live in SD that came and visited to take care of things. He was telling me that an acquaintance of his is a realtor that works with several banks dealing with foreclosures in Carmel Valley.
According to this acquaintance
2) The banks have no intention of letting them all out on the market at once. In fact, they are intentionally only letting a few trickle onto the market at a time...Hence, no chance of a flood of FC with steeply discounted prices.
I don't know the reliability of his source.... He seems pretty sure the source is fairly accurate.,....But I'm hearing this second hand, with a grain of salt obviously.
(Not related) There was some other perspectives that he mentioned he found interesting. See, he was an ex-defense enginerd that went to the east coast. He was saying how funny it was there. Job market, it seems like a .defense bubble. Lot's of folks with bullcrap degrees but nevertheless security clearances gets started out as "senior software engineers" who never written a line of code with $120k+ base salaries. Literally, some folks he claims were previous folks with no college degrees, drove a tank in the middle east, but went to one of those night schools to get "life experience credits in a B.S."...And defense companies in the east hire those folks...Gee, makes me wonder how well our nations I.T. systems really are... Lol...
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