Short Sale, Foreclosure and Strategic Default


Wednesday, July 21, 2010

San Diego's real estate market is slowing down

I was looking for a stat to confirm what is going on in our real estate practice.  The banks are sending out agents to do BPOs.  The agents are looking at comps from the spring and then asking us to counter the buyers offers.  The buyers are then walking away from the deals. 

I wonder how the lenders can be so poorly run and regulated? 
How did they get so big in the first place?
Why can't any of these people understand that to make money you have to get ahead of the curve not behind it? 

News Room - - Press Releases
Western U.S. Leads with Price Reduction Increases

In the first half of 2010, cities in the Western U.S. were experiencing a decrease in reductions. This month, the same cities experienced some of the largest surges in price reductions compared to the previous month. Oakland increased 38 percent month-over-month and San Diego saw reductions increase by 25 percent.

San Diego short sales

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