Thursday, March 19, 2015

Last Time This Signaled a Bubble

Crap like this has just got to stop. 

A listing in Wrightwood:

Absolutely charming, totally upgraded cabin nestled in the beautiful trees of Wrightwood! You will LOVE this turnkey property, with a brand new, custom built deck leading into your beautifully renovated living room. Vaulted ceilings with exposed wood beams, open this room up, incredible natural light pours in! Lounge in front of your fireplace as you enjoy the sounds of nature. New paint, new rich laminate flooring, built in shelving and unique wood banister, this property has TONS of character. Kitchen is new, with brand new cabinetry and granite counters and tile flooring. Two bedrooms, one upstairs and one down, feature new flooring, baseboards and new paint. New bathrooms with sparkling new fixtures, immaculate tile work and all the upgrades you desire! This is a mountain getaway with majestic trees right outside your door, beautiful views! Enjoy the crisp mountain air and all the charm Wrightwood has to offer. Make this your new home or your second home today!

Property History
Mar 18, 2015    Listed (Active)$189,000    —   
Dec 8, 2014    Sold (Public Records)$100,000    >1,000%/yr    Public Records
Dec 3, 2014    Sold (Public Records) $90,000    4.8%/yr    Public Records
Dec 3, 2014    Sold (MLS) (Closed Sale) $90,000    —   
Nov 11, 2014    Pending (Pending Sale)
Oct 10, 2014    Price Changed $123,900    —   
Sep 3, 2014    Price Changed $137,500    —   
Jul 29, 2014    Price Changed $149,900    —   
Jun 27, 2014    Price Changed $159,900    —   
May 23, 2014    Price Changed $164,900    —   
Apr 22, 2014    Listed (Active) $178,900    —   
Mar 14, 2014   This home was foreclosed $233,335
Oct 17, 2003    Sold (Public Records)$155,000    —   

801 Sq. Ft.
$236 / Sq. Ft.
Built: 1955

Kill a flipper, save a community. 

Wednesday, March 18, 2015

Channel Islands Holcene Sea Levels

Pay close attention to the loss of island area.  Blink and you miss it.  The first big loss occurs over the first 2000 years and the second over next 10,000.  Accelerating seas level rise?  Not hardly. 

Ocwen knows something?

Ocwen to Sell $9.6 Billion Servicing Portfolio to Walter Ocwen Financial Corp. agreed to sell $9.6 billion of residential mortgage servicing rights to a unit of Walter Investment Management Corp. as Chief Executive Officer Ronald Faris shrinks the company under pressure from regulators. The portfolio consists of about 55,000 loans owned by Freddie Mac, Atlanta-based Ocwen said Wednesday in a statement. The deal is expected to be completed by April 30, the firm said.