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Blog by Doug Ingersoll

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2.28.10

February 28th, 2010
I will try to dribble in some findings from my short sale continuing education course
I took last week. When you watch animal planet or a show about wildlife and they
show the mating ritual of some unfamiliar and scary looking animal, that is what a
short sale looks like. Unless the engagement is choreographed exactly right, one of
the participants calls it off and hits the road or worst case ...

Posted in General

2.27.10

February 27th, 2010
After 2 days and 16 hours of class study on short sales, my
head hurts. A big pile of stuff to get through so lets go.


Floorplan

Map

Villages unit 1019, an Amici model is active for sale. The
listing agent has changed the price form $233K to $231,983.
This is the sixth price change in 46 days. Eeerily reminiscent
of 3972 E. Hummingbird Ln with the 99 price changes in 2 years.
Sadly that ...

Posted in General

2.26.10.2

February 26th, 2010
From DSNews.com:

High FICO Scorers Default on Mortgages Faster Than Bankcards

02/25/2010 By: Brittany Dunn Printer Friendly View

Reversing a long historic trend, mortgage default risk for consumers with high FICO scores now exceeds their credit card default risk, Minneapolis-based FICO recently reported. The provider of analytics and decision management technology said it uncovered this disturbing t ...

Posted in General

2.26.10

February 26th, 2010
From DSNews.com:

LPS Cautious of Declaring "Recovery"

02/25/2010 By: Carrie Bay

The industry has its eyes peeled for any indication that we've turned the corner on the housing crisis, and for good reason - markets around the country have been battered by plummeting property values, mounting foreclosures, and neighborhoods riddled with vacant homes. Any sign of recuperation is a welcome repr ...

Posted in General

2.25.10.2

February 25th, 2010


Floorplan

Map

The bank owned Tarragona model at 3968 E. Scout Pass Rd is
now on the market for $384,900. You will recall we also have
a lender owned Tarragona at 3814 E. Patrick Ln (see below)
available for $385K so that must be what the banks figure is
fair market value.

I was in 3968 E. Scout Pass on 8.10.07 when it was priced at
$779K. My notes show a jetted master bath tub, travertin ...

Posted in General

2.25.10

February 25th, 2010

From DSNews.com:

Underwater Mortgages Increase to 11.3M: First American

02/23/2010 By: Carrie Bay

Negative equity continues to diminish the severity of foreclosure for many homeowners. Numerous industry studies show that borrowers become more likely to defaulton their mortgage or simply walk away from the debt obligation when they owe more on the home than it is worth. Despite that home val ...

Posted in General

2.24.10

February 24th, 2010

Not much happened in MLS yesterday either in sales or leases. 2 items today:

1. From John Wakes Blog "Arizonarealestatenotebook.com" comes this article:

80% of delinquent homeowners forecast to lose their homes

2. A neighbor in Aviano has waaay too much time on their hands and decided to look into the tax implications of short sales/foreclosures. As always, seek advice from legal and ta ...

Posted in General

2.23.10.3

February 23rd, 2010
I am no Hollywood director but I want to start adding video to the blog. This
is my first and will improve as more are done. The bank owned Blanca at
22811 N. 38th Way is a distinctive home and worth taking a look at. MLS says
it has multiple offers and why not when it is priced at $489,900. Enjoy.

 ...

Posted in General

2.23.10.2

February 23rd, 2010
I will be in a 2 day class this week to learn more about the latest in short
sales. Time will tell if the process is getting better. My experience has not
been a happy one with an unacceptable level of mental anguish experienced
by all involved.

From DSNews.com:

Short Sales See Big Jump in Activity

02/22/2010 By: Carrie Bay Printer Friendly View

Despite having a bad wrap for often being slow and problematic, sh ...

Posted in General

2.23.10

February 23rd, 2010


Floorplan

Map

3524 E. Expedition Way is the bank owned San Felice and it took a price reduction
of $26K to $425K after 123 days on market. There is a pool in the back and a wooden
play structure. Nice backsplash in the kitchen and there is a gas stub to the
cooktop opening. The landing at the top of the stairs was enclosed so you have 3
secondary bedrooms that share 1 full bath.


Floor ...

Posted in General

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