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lostkitty
Participantforgot to mention that the sites I use are all free. If you merge the info, it is easy enough to find out the details without paying. Maybe no specific loan amounts, but I’ve read here that http://www.realtytrac.com is the one for that – but you have to pay.
Participanteagleeye- PD’s your girl since she still lives there. I left for NY a few years ago and only visit now.
I can help you with the foreclosures/preforeclosures:
http://www.foreclosure.com
Just enter the 92118 zip and it all pops up, then you can click on the specific tabs ‘foreclosure’ ‘preforeclosure’, ‘fsbo’, and ‘tax liens’ . The preforeclosure tab is particularly interesting because it shows the last name of the owner. It is easy enough to figure out what house it is with the last name and street name…For more up to date tax info (late and those not having liens yet): https://sdtretax.com/ebpp3/
Just type in the street name of interest, and 92118, and all the dirty secrets come up on your screen. It is a little sick if you know the people, but enjoyable.Feel free to aks any questions here, but I’d rather not give out my email address publicly.
KParticipant1/5/06 there were 103 houses for sale in Coronado.
1/8/07 190.
That’s almost double, and we havent even started the spring increase in inventory.
I personally know several people who are underwater there. Prices can come down in Coronado, maybe not to the extent of Temecula though!
The number of people with taxes in default also suggest stress in Coronado. I am waiting for some of the loan resets to cause things to start tumbling (but some new creative “loan product” could negate the dramatic effect I am hoping to see).ParticipantSteve-
Isnt this how they did it?:“An investor would buy two, three or as many as eight houses within days of each other”
I read soemwhere that if the deals were done simultaneously the lenders couldnt see that they were being scammed and couldnt see the multiple properties.
I agree – someone should go to jail.
ParticipantThis is just out-of-control. Powayseller failed to see that Rich was pissed and failed to understand that she should have apologized (whether or not she thought she was wrong) rather than continue down the same path and disrespecting his wishes. Sometimes one has to apologize for what they said having been perceived as rude, crass, (and all the other descriptives you all used). It really doesnt matter if she inteneded it otherwise, or if she thinks she’s right in asking. She offended and should apologize.
However, the total avalanche of harsh replies is a little much given that you are all aware that her husband was just laid off a few weeks ago, etc. I think most of you know what kind of stress that puts on a family. It seems a bit heartless and cruel. I guess I am one to talk, having called sdrealtor a swear-word so many times way back when, but… powayseller obviously spends a lot of time on here and it seems that whether you are agree with her on not, she definitely starts a lot of conversations.ParticipantJust for starters, go to this website:
Type Spring Valley CA into the city and state boxes. Then do the same for some North County city – like Del Mar. You will be shocked at the difference.
ParticipantThanks so much PS. It looks to me that #3 is the doozy that will affect a lot of people.
Participant“At that point I’m 99% sure that it was not a fair market sale, and there is no way that I will use it as a comparable sale in my appraisal. I see these kinds of situations frequently”
FREQUENTLY?! Do you report them? What else would account for the higher price besides fraud?
Participanthttp://www.fbi.gov/publications/financial/fcs_report052005/fcs_report052005.htm#d1
Check out the map with mortgage fraud ‘hotspots’.
ParticipantWe should start reporting every last one of these we see. Otherwise, the market will never turn around and be based on “fundamentals”.
Could someone please start a new website “ReportMortgagefraud.com”
That would help move things a long a bit faster for the average Joe saving and waiting for a return to a normal market …. i dont have the time or know-how to do so.ParticipantYes, but doesnt that mean that the appraisals have to come in 5% lower? At this point, i am guessing the appraisals arent down much at all. Also, I am sure there are appraisers in the pockets of mortgage companies that will get the ‘right” number. It will be in the interest of the mortgage companies to keep this whole thing propped up as long as possible.
ParticipantOkay – this may be a dumb comment… but if I had a loan that was due to reset to a higher interest rate soon, why couldnt I just refinance? There are ads EVERYWHERE (seen the annoying ones on CNN.com with the dancing idiots?). Why couldnt a large number of these people do that?
ParticipantI’ve heard this scenario too many times lately. Someone is getting a wad of cash in their pocket. Who should one report the fraud too? It needs to be reported.
Participanthttp://www.Housingtracker.net has been all red for the last few weeks indicating falling inventory across the country. Today, however, there are several greens, and San Diego inventory shows an increase of 3.9% for the week.
I too am hoping for a rise in inventory and falling prices (but i am probably one of the few that hopes it happens very slowly) so we can buy a vacation place out there in the next few years.
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