by Roberta Murphy Carlsbad, CA–These are tough economic times, even in sunny San Diego. With unemployment running at 9 percent here, many fear not only the loss of their jobs, but the loss of their San Diego homes as well. So what’s a homeowner to do when facing unemployment? Besides filing for unemployment, checking 401(k)
Carlsbad, CA–We’ve been scouring rumors, prophesies and commentary everywhere, trying to get an advance handle on Obama’s loan modification program that was released this morning. And which says: The home must be an owner occupied, single family 1-4 unit property (including condominium, cooperative, and manufactured home affixed to a foundation and treated as real property
by: Roberta Murphy San Diego real estate news isn’t all that bad. Sales of single family resale homes rose for the fifth month in a row, gaining around 40 percent in November, 2008 compared to the same month last year. And compared to 2007, San Diego area home sales for 2008 are up 8.2 percent.
by Roberta Murphy A Pre-Foreclosure Solution for Distressed Homeowners There are thousands of San Diego real estate owners who are in various stages of mortgage distress and pre foreclosure. Some have had interest rate resets, making their mortgage payments unaffordable, while others have had life setbacks which might include job loss, divorce, medical problems–or
by Roberta Murphy Encinitas Short Sale that should never have been…. Kudos to the patient buyers of this Encinitas short sale, because they truly got a terrific deal ($890,000). It was group hug time Friday afternoon when we received confirmation that our 10-month short sale ordeal in Encinitas Ranch had successfully recorded and closed. Welcome relief is
A Solution and Alternative to San Diego Short Sales and Foreclosures
by Roberta Murphy How can double offers even be a possibility when the San Diego real estate market has been swirling with dismal reports about short sales, foreclosures and inventory gluts? The markets are particularly bad in San Diego suburbs like Eastlake, Otay Mesa, San Marcos and Oceanside where so many new subdivisions were built
by Roberta Murphy Bob Dyson is a San Diego real estate legend who recently launched Sotheby’s real estate offices in the San Diego, Palm Springs and Las Vegas markets. He has kindly agreed to share some exciting news about a new real estate exchange program that is set to rock the San Diego real estate
San Diego real estate investors continue to wonder where the market bottom is with San Diego real estate. Home buyers in outlying San Diego communities such as Del Mar, Solana Beach, Encinitas, Rancho Santa Fe, Carlsbad, San Marcos, Vista and Oceanside have the same real estate questions.
(Written in 2008, this article tells of a home that was one of our first short sales and our introduction to Ocean View Hills) Is the Ocean View Hills subdivision of Otay Mesa (east of 805 off Palm Avenue) what the press would call a ‘down community’ or an incredible investment? It’s certainly a strong