SAN DIEGO FORECLOSURE LA MESA 4356 POMONA AVE SAN DIEGO CA 91941
This foreclosure home in San Diego as you can see in the video has the charm of an older home with the delight of modern upgrades! Kitchen has been remodeled with upgraded appliances, granite countertops, tiled back splash, & beautiful stone flooring! Spacious living room has attractive wood floors with a cozy fireplace! Front yard has a wonderful charm with its white picket fence! Large back yard is complete with a covered porch- perfect for entertaining & also contains a garage that can also be used as a workshop! You must come & see this home!4356 Pomona Ave $309,900
BANK OWNED CONDO Great 2 bedroom condo in Spring Valley. Tile and carpet floors, bar seating in kitchen with lots of storage, private patio and is located in a beautiful park like setting with private pool. Located close to shopping and freeway this is one to put on your list to see. Spring Valley CA. REO.
We just got a bank owned asset to sell in San Diego that was purchased as a foreclosure two years ago and again is a foreclosure. I’m sure this isn’t the first and won’t be the last in a target rich environment for homes and condos being foreclosed on. It seems to be the state of the market here in San Diego County and the foreclosures throughout the country should continue through 2015. Is San Diego a buyers market, sure, is San Diego an investors market, you bet, is there the risk of property still declining in San Diego, of course and in many areas it probably will. Is now a good time to buy, that’s up to the buyer and what their ultimate goal is.
If the bailout goes through this week it should ease some of the concerns for the lending industry having money to lend at reasonable interest rates. If it doesn’t pass things in lending can really tighten up. How much, a lot! If the financial markets fall apart the lending industry could be practically shutdown. Washington is faced with two evils, bailing out the crooked companies on Wall Street to keep the economy from plummeting or let it follow on its course and slip into a crippling economy and wait the cycle out which could take decades. We should find out the direction of the economy soon.
Eastlake Trails has low Mello Roos. This 3 bedroom, 2.5 bath, 1,244 Sq Ft, 2 car garage home on double cul-de-sac is just what the doctor ordered. Much sought after open floor plan in desirable EastLake Trails with access to the Trails and Woods Pools and Clubhouses. Professionally landscaped yard with no one behind you. Close to schools, pools and parks. This home is a must see and is priced to sell and sell fast. Get your offer in today!
If you need Chula Vista Short Sale Help call us right away!
When you’re ready to buy a home or sell a home in Chula Vista make sure you call us. We’re the Chula Vista Real Estate Experts.
Why Washington and Wall Street are so concerned about Main Street USA. Over the past decade home values have rose far beyond anything that was logically expected. We all can look at real estate charts of home values and the average gain in value is somewhere between 2% and 4% per year averaged over many years. Over that many year period home values have gone up and down during short term periods but over the long term have always showed a gain in value. In the last decade in many areas of the United States property values have doubled and even tripled in value. Build the picture of a home that was purchased for $200,000 going up in value to $600,000 in under a 10 year period and in some cases even less. A gain like that should take 20 to 40 years to accumulate.
If you paid $200,000 for a home and then sold it for $600,000 and put the gain in the bank and rented a home you would be very happy right now with your decision. Unfortunately this didn’t happen for most Americans. Many things drove the home values up over the past decade and some of them include, low interest rates, 100% financing, no money down loans, stated income loans, lack of government regulations in the industry, real estate investors, every day people becoming investors, the hype of buy now or you just won’t be able to afford a home are just a few. All that being said, we’re here now in this market at this time and the hand we’re dealt is a 2 and a 7 not suited in a game of Texas Holdem. For all of you who don’t know poker this is the worst hand you could be dealt. I have won with this hand many times but it’s not the cards I would choose to hold in my hand.
The picture I’m going to build is simple and is honestly quite scary. If you don’t want the truth stop reading. I’ll use a neighborhood that I am very familiar with in an area of San Diego County that had ridden the wave of home gains to unprecedented levels. It was a new home community which many of the areas most affected by the foreclosures are. The sales office had lines outside wanting to buy the homes in the next phase and there were only 10 to be released for sale and the list had over 200 names of people who wanted to buy one on it. The builder specifically stated no investors are allowed to buy and that a home buyer would have to sign a contract stating it would be their primary residence and they would live in the home and not rent it out. This deterred very few buyers that were investing in the new home community because many believed it was unenforceable. Well I guess that’s another subject let me stick to this one. The year was 2005.
Because of the frenzy the new home community raised the prices much higher then the last phase that they had released. This also would in turn raise the values in and around the neighborhood. The buyers didn’t care because they had already pictured themselves and their furniture in the new home and had already drawn up plans for the pool in the back yard. They had also told all of their family and friends they were buying a new house and couldn’t turn back now. This should seem familiar to some of you. Most buyers who bought that day would pay on average 1,000,000 for this new home after adding up all the nice options they had picked out and got the lender to finance the yard and pool too. Wow life was great. It was so easy. Many took the equity from their current home as a down payment for this new one and financed the rest while renting out their old home as a modest real estate investor. After all money was everywhere and it was at low interest rates and everyone else was doing it.
Then it all started unraveling. Interest rates started going up. Loan programs were shriveling up and going away. Loan programs that allowed buyers with no money and low paying jobs to buy homes were gone. Slowly this chipped away at the euphoria that was going on in the housing market. Buyers could no longer get loans, escrows were failing because buyers could no longer get financing and the charts started turning from up to down - and down they went. This isn’t doom and gloom for those of you with the “Have a Positive attitude or you’re a mean person” crowd. It’s reality.
O.K. so what now with this neighborhood I was using as an example. All of the 10 homeowners who purchased in that phase now have an average home value of $650,000 and falling. Some have short sold their home and others have been foreclosed on. There are new homeowners in this neighborhood who bought one of these homes at $630,000 and $680,000. They have already lost money and just moved in within the past 6 months and will continue to lose money until the market levels out. When will that be? That’s the question that has homebuyers sitting on the sidelines fearful of buying. I would be – wouldn’t you? The buyer on the street who paid $1,100,000 for their home and came in with $400,000 of their own money is looking at this situation from a perspective of; I’m loosing my $400,000 I put into this home and I’ll never get it back unless I live in this home for 15 to 30 years, who knows maybe more. What if he or she wants to move to another area or take a job in another state in the next 10 years? He or she will have to short sale the home or walk way and have the bank foreclose on it. I guess they could rent it out but is that something that most homeowners want to do, have a rental and all the headaches that go with it that’s way below market value in another state?
Now if all the homeowners that are upside down decide, I can’t do this, it was a mistake and it’s financially breaking me, and move on the financial institutions are in BIG TROUBLE. And if they don’t have money to lend – EVERYTHING STOPS. Except for the depression – that will start.
Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.
Today’s news of the big “Federal Bailout” to prevent or just put a small roadblock in the way of the depression that might be just down the road is the beginning to an end. It’s an end of a way of life and an idea that business is generally done between honest people and honest CEO’s and capitalism is generally a good thing and promotes freedom and benevolence around the world. This idea on this day, at least for me went dark.
Maybe it’s my idealism or patriotism that has kept me holding strong to my beliefs that our country is good, fair and honest and so are the people in it and every thing about it. Yes, we have strayed from our founding fathers foundation of Judeo-Christian beliefs that kept the fiber of family and society together by basic rights and wrongs. Our society in its infancy and at its core was based mainly on the Bible and its teaching of right and wrong. And if we’re not following the Bible as our guide through life what are we following, Hollywood, sitcoms, porn, neighbors, college professors, parents that have checked out, musicians or politicians.
It saddens me that for the most part it’s business as usual and most of this will be just another news story for now. The realism of what just happened today won’t sink in for most until the unraveling really begins. So until then make sure you go out and catch the latest comedy from Hollywood with its political overtones or watch your favorite sitcom lineup. Maybe you should instead take your kid out for an ice cream tonight or go for a walk on the beach with your spouse or companion. There will be a tomorrow but not a tomorrow in a country that I recognize. It has truly changed.
I say in the title, What Have We Done, because we are America, all of us. Ignoring these signs or just thinking someone else is taking care of it has put us in a position I personally thought this country would never be in. I also remember when I first starting blogging on Active Rain just over 1 year ago. The market in my area was declining fast and problems were on the horizon here and in many other areas of the country. What worried me then and still worries me now is that very few Real Estate Agents were writing posts about the real stuff. There were then and still are now many “FLUFF” posts that are sadly just self aggrandizing which to me is a wasted opportunity to advise the public on what’s going on.
I remember commenting on posts, which I rarely do now, and having my comments deleted by the poster or belittled and made fun of because it didn’t follow the agenda of the post that was written. It was a shame and showed me the “Read my Bog and agree with it or else” mentality that ran the day on AR. For me Active Rain is a tool to educate my clients and potential clients and tell them about my services and listings. All comments welcome unless they have foul language.
All of this being said, if today was not your wake up call like it was for me. Lift your head up from your computer, skip the normal routine and take a good look around. You just might not see what you thought was there. Wall Street CEO’s have just robbed us blind and there’s nothing we can do about it.
***PRICE DROP OF $144,500 IN CHULA VISTA ZIP CODE 91915 YTD 2008*** Chula Vista 91915 has had a total of 230 homes sell so far in 2008. This report on Chula Vista Home Values was completed on September 15, 2008. The average sold price for homes in 91915 in 2008 is currently $442,238 and the average 2008 median home price to date is $423,000. The foreclosures in this part of Chula Vista have really pulled the home values down.
From 2006 to 2007 there was a median home price drop of $77,500 and from 2007 to 2008 YTD there is a drop in value of $144,500.
Chula Vista 91915 is a buy. Although home values here could drop a little lower from where they are along with most areas of San Diego County, they shouldn’t drop too much more. EastLake and Windingwalk comprise 91915 Chula Vista and this master planned community is great and known as one of the best in San Diego County. Chula Vista was originally known for its affordable communities and great amenities. Well let me tell you the value in this area of San Diego County is back. The lowest priced home sold in Chula Vista 91915 was $290,000 on Bear Valley Road and the highest priced home was $912,500 on Falling Waters Court.
When you’re ready to buy a home or sell a home in Chula Vista make sure you call us. We’re the Chula Vista Real Estate Experts.
Carmel Valley home values slip a little into 2008. There were 179 homes that closed escrow in 92130 Carmel Valley from January 1, to June 30, 2008. The average sold price was $1,121,719 and the median price was $977,500. The lowest priced Carmel Valley Home sold at $540,000 and closed escrow on April 25, 2008 and was located on Portada Place. The highest priced Carmel Valley Home sold was $3,800,000 and closed escrow on May 1, 2008 and was located on Del Mar Mesa Road.
From June 1 to September 15, 2008 there were 92 homes that closed escrow in 92130 Carmel Valley. The average sold price was $1,196,462 and the median sold price was $939,888. The lowest price home sold in this time period was $580,000 and closed escrow on July 30, 2008 and was located on Carmel Country Road. The highest priced Carmel Valley home sold was $5,995,000 and closed escrow on September 11, 2008 and was located on Rancho Verde Trail.
So far this year a total of 271 Carmel Valley Homes have sold. There are currently 193 homes on the market in Carmel Valley 92130 on September 15, 2008. There are 49 homes in escrow at this time as well in Carmel Valley 92130. Although there are some foreclosures in this area in 2008 there were far fewer than many other areas of San Diego County. Carmel Valley has continued to hold its value very well in this downturn. The next 6 years should be interesting to watch. Carmel Valley Real Estate Blog.
Please use the links below to help you with your San Diego and Carmel Valley Real Estate Search and Information from your San Diego Realtor.
When you want up to date real estate information in Chula Vista make sure you visit our Chula Vista Real Estate Blog. Our blog has information on the Chula Vista Real Estate Market, Chula Vista Homes and Condos for Sale, Chula Vista Foreclosures, Chula Vista Short Sales, Market Trends in Chula Vista and everything else worth blogging about.
Because we work extensively in Chula Vista we have up to date posts regarding the Chula Vista Real Estate Market and everything else about the Chula Vista Community. Our Chula Vista Real Estate Blog will keep you in the know for everything Chula Vista. We love Chula Vista and would love it if you visited our Chula Vista Blog. We have sold thousands of homes and condos in Chula Vista and want to keep you well informed of the Chula Vista market through our Chula Vista Real Estate Blog.
Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.
We are San Diego Real Estate Agents that sell foreclosures. We have been selling real estate in San Diego County and currently have many San Diego Foreclosures for you to look at and buy. We have represented many banks and asset managers in selling their assets for top dollar in San Diego. We have also helped many buyers find a great deal on a San Diego foreclosure.
Because we are so good at what we do we have staff to help both the asset managers who need to sell San Diego assets fast and for top dollar as well as staff that assists the buyers wanting a great deal on a San Diego foreclosure. Our operation is well oiled and runs smooth with the grease of experience and professionalism. When you’re ready to talk foreclosures in San Diego you should talk to us. We’re the San Diego Foreclosure Experts.
More information on all of our listings including foreclosures and short sales here:
4356 Pomona Ave $309,900
period home values have gone up and down during short term periods but over the long term have always showed a gain in value. In the last decade in many areas of the United States property values have doubled and even tripled in value. Build the picture of a home that was purchased for $200,000 going up in value to $600,000 in under a 10 year period and in some cases even less. A gain like that should take 20 to 40 years to accumulate.
end. It’s an end of a way of life and an idea that business is generally done between honest people and honest CEO’s and capitalism is generally a good thing and promotes freedom and benevolence around the world. This idea on this day, at least for me went dark.
had a total of 230 homes sell so far in 2008. This report on Chula Vista Home Values was completed on September 15, 2008. The average sold price for homes in 91915 in 2008 is currently $442,238 and the average 2008 median home price to date is $423,000. The foreclosures in this part of Chula Vista have really pulled the home values down.
June 30, 2008. The average sold price was $1,121,719 and the median price was $977,500. The lowest priced Carmel Valley Home sold at $540,000 and closed escrow on April 25, 2008 and was located on Portada Place. The highest priced Carmel Valley Home sold was $3,800,000 and closed escrow on May 1, 2008 and was located on Del Mar Mesa Road.
When you want up to date real estate information in Chula Vista make sure you visit our 
look at and buy. We have represented many banks and asset managers in selling their assets for top dollar in San Diego. We have also helped many buyers find a great deal on a San Diego foreclosure.