This post was going to be just a bunch of quick-takes on some commercial and retail NODs, along with a couple of oddities.  Then a couple of big foreclosure stories broke this week, so I’ll include those, too. 
-  Armageddon Time Shares showed up on Craig’s List this week, the ultimate in (bantering) bear dens.   They […]

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Guy’s February sales report showed "equity sales" representing 26% of all sales.  An equity sale is defined as basically not a short sale or REO.  It includes sellers who actually have equity in their properties, or those who bring cash to the table at closing (CTT on the spreadsheet).  I was able to track 85 […]

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[UPDATE by Guy Johnson - March 3, 2010:  I’ve added the monthly chart I receive from Ticor Title to Mike’s post for readibility.  Click on the chart to enlarge.]
February NODs up to 931 from 778 in January.  NOSs up a bit to 406 from 394.  TDs down to 180 from 190 in January.  I don’t […]

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 The production builders are starting to gear up in the Northwest, sometimes in unexpected places.  Only a few projects have new web sites up, but it interesting to get a glimpse of what the new product is going to be.  Smaller, cheaper, downgraded, and stripped of all the detail and froo-froo we had come to […]

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The drill was supposed to work something like this:  buy a house as an investment property, use an Option ARM, make the minimum payment, and with a decent down payment, the investment would be cash-flow positive.   Then sell and reap the appreciation.  Even if the negative amortization is running 5% per year, what could go wrong?
Fallis Properties […]

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Not that all the upper end properties in Incline Village are all starting to look like the lower end properties at Woodland Village, but the NODs this last week or so are worth mentioning:
-  517 Fairview went NOD on a $4,800,000 loan on a missed March 2008 payment.  This is Reynen of R&B, so it has […]

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 -  January NOD/NOS/TD Figures - NODs totaled 778, up from 763 in December, basically pretty steady for the last 4 months.  NOSs totaled 394, up from 366 in  December, but again, generally even with the last four month average.  TDs fell to 190 from 221 in  December, the lowest total we’ve seen since April 2008.  […]

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What is going on at the Montage?  Their website hasn’t been updated, there hasn’t been a lick of marketing from the new owners, no one seems to know what the new pricing structure (if any) is going to be, and I’m not sure that you could buy a unit in the building if you wanted […]

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Somersett Development Company Ltd (SDC) is the master developer of the Somersett project.   They took the project through the entitlements and approvals process, constructed the infrastructure and site improvements, then sold off major portions of the finished lots to outside developers for their projects.  SDC maintained ownership of the entitled commercial properties, many of […]

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I’ve reported earlier about the king of the Trustee’s Sale, Page Ventures LLC.  They had purchase 75 houses on the courthouse steps by mid-October, when they morphed into NRES NV1 LLC (NV2 and NV3 are also registered with the Secretary of State).  NRES has gone on to purchase another 25 properties..  Total investment - $16,167,252.  […]

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