by Bill McBride on 11/24/2012 07:48:00 PM
Saturday, November 24, 2012
I haven't checked in with Jim the Realtor in San Diego for some time. In this video below, Jim reviews a few upcoming REO listings in North County San Diego. Jim says: "there are only 16 houses owned by banks that aren't on the market" in the North County area (152 homes closed in the area last month, so the bank owned REO will not have much of an impact).
The first house is interesting. It looks like the bank will actually make money when they sell it.
The third house is good for a laugh (starts about 4:20). The bank has made some absurd repairs, like putting in a low end vanity in the master bath to replace a built-in that went all the way across the bathroom. (around 9:20 - Jim can't help but laugh).
• Summary for Week Ending Nov 23rd
• Schedule for Week of Nov 25th