San Diego Foreclosure Bargains - Fact or Fiction?

The most common "I want a killer deal" inquiry I get are from those looking for foreclosure property in San Diego - at 50 cents on the dollar. After all, it is a buyer market, sellers are desperate, and foreclosures almost out number real estate agents right?

Well… not quite. But how about $90,000 under market, when the market is was $399,000 based on identical units selling just two days earlier?

(more…)

Posted in Finance and Lending, For What Its Worth, Foreclosures, Investment | 21 Comments »

San Diego Property Taxes - It’s That Time of Year

Lest we forget, November 1st marks the date the first installment of property taxes are due. The dates tend to confuse many property owners, so below is some basic information about taxes for real property in San Diego County.

(more…)

Posted in For What Its Worth, Taxes | 11 Comments »

Citi to California Home Buyers: Just Say No

Times, they are a changin’ in the California mortgage business.

Last week we had Bank of America notify 7,000 mortgage brokers that their services will no longer be needed after New Years Eve, only to have Citi take it one step further on Halloween and tell California home buyers, "Thanks, but no thanks".

(more…)

Posted in Finance and Lending, For What Its Worth, Real Estate News | 6 Comments »