By Leslie | October 27, 2011
The number of filings of Notice of Defaults for September (first step in the foreclosure process) continued a second month of decline from August even though the quarterly graph shows a turn upward.
The spread between the blue line and the green line always intrigues me. The green line represents completed foreclosures – over 200 homes a month.
I just don’t understand why homeowners – who know they can’t afford to keep their home – allow their lender to foreclose when they could be in control of the process and do a US Treasury HAFA short sale – and get $3,000 at close of escrow!
By Don | October 27, 2011
A puzzle! It seems like every short sale has a twist of some sort or another, but this one was bigger than most.
This home in Camarillo had a 2nd Deed of Trust from Bank of America that had been written off (charged off) 3 years ago according to one source, but this year varied from one department to another! In the byzantine world of Bank of America with its 100,000 workers, no one could figure out which department or entity within the bank “owned” the note.
Fortunately, Leslie has an inside person high in B of A that “assigned” responsibility to an entity in Florida and they did the necessary paperwork for this deal to close.
But to show how frustrating dealing with big lenders can be, Leslie had also contacted the escalation people at HAMP (they track these issues), and yesterday (coincidentally!) Leslie’s contact called to say he couldn’t get anyone at B of A to accept responsibility for this note! They both just laughed when Leslie said the deal just closed.
It’s quite like the letter Leslie got from Chase earlier this month about a short sale she closed earlier this summer…
Filed under article topic:
Short Sales | HAFA program
By Don | October 24, 2011
I’ve finished the 4 wings (finally) and built stanchions that allow me to turn the wings for easier access in varnishing.
Trying to figure out which was most efficient, brushing or spraying, I ended up deciding to spray the wings.
Here’s what spraying on the varnish looks like!
Filed under article topic:
Tiger Moth
By Leslie | October 24, 2011
Representing the buyers, Don recently closed a 7.5 acre industrial site in Santa Paula that was owned by First California Bank. He was instrumental in locating the bank owned property, finding the buyers and negotiating the transaction.
Filed under article topic:
Investors
By Leslie | October 20, 2011
I recently got the attached letter from Chase on a short sale transaction I closed last summer. Hmmm…now you know why we just “love” short sales!
Filed under article topic:
Short Sales | HAFA program
By Don | October 14, 2011
Leslie posted her detailed statistics for Ventura, Oxnard and Camarillo yesterday and I was very curious to see if I could see any trends starting to emerge. With all the negative housing news in the media (nationally), I wanted to see what was going on in our neck of the woods.
What surprised me was the trending of number of homes sold over the past 12 months - trend lines are up strongly for all 3 cities.
As far as trending over the past 12 months for home prices, Camarillo has softened, but Ventura and Oxnard have remained flat, which isn’t bad all things considered.
Leslie has started showing the percentages of distressed sales (foreclosures and short sales) and it’ll be interesting to see how those change over time. It would appear lenders are beginning to get more aggressive in starting foreclosures so I wouldn’t be surprised to see those percentages begin to increase a bit over the next several months.
By Leslie | October 13, 2011
A new feature of trendlines has been added recently to the three 12 month graphs to give a quick visualization of the numbers sold and the sold prices in Ventura, Oxnard and Camarillo.
Also featured is the percentage of single family homes that were distressed sales in the month of September are:
Ventura – 37% Oxnard – 68% Camarillo – 47%
Sold prices – Single family homes in Ventura, Oxnard, Camarillo:
Sold prices – Condos in Ventura, Oxnard, Camarillo:
Numbers sold – Single family homes in Ventura, Oxnard, Camarillo:
Detailed data for single family homes sold in:
Detailed data for condos sold in:
Detailed monthly data for pendings (in escrow) – single family homes and condos:
All data is taken from the Ventura, Oxnard and Camarillo MLS.
By Don | October 4, 2011
With the 4 wings all finished now on my Tiger Moth project, and after attending a huge airshow in Wisconsin this summer (EAA’s Oshkosh show), I got the crazy idea – could I power my Tiger Moth on electricity? How cool would that be?!? The short answer is no – because energy storage isn’t there yet.
But this past week, NASA (with Google sponsoring prize $$) had a competition under the CAFE (Comparative Aircraft Flight Efficiency) foundation with a top prize of $1,350,000 for the winner, to be announced on Monday (yesterday).
Because most of the aircraft were electric (or hybrid), I was very interested so Leslie (bless her!) and I went up over the weekend to see these e-airplanes. Who won?
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Filed under article topic:
Tiger Moth
