The Lund Team Real Estate Blog

Just Listed in Rancho Penasquitos

Brandon Soule — Tue, 15 Jun 2010 16:49:05 +0000

Great detached single family home located in the heart of Rancho Penasquitos right off interstate 56. Completely updated interior in immaculate condition; new carpet and paint throughout. Spacious kitchen area with stainless steel appliances, granite counters, breakfast nook, tile flooring and recessed lighting. Fireplaces in formal living room and family room, 2 car garage, front yard with multiple palms and grass area, large rear yard and space for RV parking. MOVE IN READY!!

4 Bedroom, 3 Bath, and Approx 1,977 Sq. Ft.

For More Information Please Contact The Lund Team:

Call: (760) 438-0800 or Email: REO@LundTeam.com

New Foreclosure Near San Elijo Hills

Brandon Soule — Tue, 15 Jun 2010 16:46:49 +0000

The Lund Team received this property to sell approximately two weeks ago and is not in the process of listing the property for sale. The home is not yet listed in the MLS.

Large single family home on the border of Carlsbad and Sal Elijo Hills in the newer development Old Creek Ranch. Nicely upgraded residence: granite counters, dark wood cabinetry, wood and tile flooring, tile bathroom counters, custom stair railing and recessed lighting. Rear yard is large with a built in fire pit.

5 Bedroom, 3 Bath, and Approx. 3,152 Sq. Ft.

For more information contact The Lund Team

Call: (760) 438-0800 or Email: REO@LundTeam.com

Just Listed – Bank Owned – RSF – Crosby Estates / Villas

Garrett Lund — Mon, 26 Apr 2010 20:23:33 +0000

Just listed at $809,900… amazing price… call Lund Team ASAP at 760.438.0800

Bank Owned!! Wonderful Plan 2 Villa. Walk to Clubhouse, Spa, Pool. Great views from private back yard. 4 bedroom, 4 full baths, all extras added, move in condition. Chef grade kichen, basket weave backspash. Sunny southwest facing home. First floor Master with patio.

REO Overload: More Estimates from HousingWire

Tyson Lund — Tue, 13 Apr 2010 16:06:44 +0000

We are hoping for more REO’s – and we may get them in 2010. Demand for well-priced foreclosure homes is very strong. We are receiving multiple offers (sometimes as high as 15-20) in the first week. And since we are a preferred asset disposition team, we expect to have a number of great homes to sell in 2010.

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REO Overload: Fannie, Freddie Face More Foreclosures in 2010

Posted By JON PRIOR On April 9, 2010 @ 3:20 pm

The government-sponsored enterprises (GSEs) Fannie Mae (FNM ^[1]: 1.27 +2.42%) and Freddie Mac (FRE ^[2]: 1.53 -1.92%), like the banking industry ^[3], are preparing for a surge in foreclosures to hit already overloaded REO portfolios in 2010.

Freddie holds 45,000 real estate owned (REO) properties in its portfolio as of the end of 2009, according to a filing with a quarterly filing with the Securities and Exchange Commission (SEC). REO levels increased in every quarter last year from 29,145 at the end of Q109. A property is classified as REO after a bank forecloses and repossesses it. According to First American CoreLogic, the sale of these homes and short sales, which takes place after default but before foreclosure, make up 29% of the US market ^[4].

And while Freddie expects the number of REO to continue to grow in 2010, exactly how much will depend on the pace of the economic recovery, according a spokesperson at Freddie.

Fannie currently holds 86,000 REO properties in its inventory as of the end of 2009, according to its report to the SEC. That number has more than doubled the 33,729 at the end of 2007 and grown another 35% from 63,538 in 2008.

“Although we have expanded our loan workout initiatives to keep borrowers in their homes, we expect our foreclosures to increase in 2010 as a result of the adverse impact that the weak economy and high unemployment have had and are expected to have on the financial condition of borrowers,” according to the SEC filing by Fannie.

By comparison, JPMorgan Chase expects REO levels in its portfolio to reach between 33,000 and 45,000 at the end of 2010. Some blogs have Bank of America (BAC ^[5]: 18.53 -0.70%) foreclosing on 45,000 homes per month by the end of 2010, although a spokesman for BofA could not confirm that number.

Wells Fargo (WFC ^[6]: 31.80 -1.91%) and Citigroup (C ^[7]: 4.67 +0.65%) did not provide REO or foreclosure numbers.

Full Article

http://www.housingwire.com/2010/04/09/reo-overload-fannie-freddie-face-more-foreclosures-in-2010

Detached Single Family In Escondido

Brandon Soule — Tue, 06 Apr 2010 21:54:32 +0000

Spacious detached residence located in the Kent Ranch neighborhood at the north end of Escondido. Below ground pool and spa, hardwood flooring, upgraded kitchen with white tile counters and dark stained cabinetry, panoramic north facing views of mountains and canyon. Large master suite and bath with fireplace, dual sinks, soak tub, and private view deck.

1314 Ward Place Escondido, CA 92026

5 Bedroom, 4 Bath, and approx. 3,309 square feet

For pricing and more information contact The Lund Team:

REO@lundteam.com or call (760) 438-0800

Investment Opportunity In East County San Diego

Brandon Soule — Tue, 06 Apr 2010 21:51:12 +0000

This property was listed for sale at the end of last week and is ready for a new owner! Large townhome in the Santee area of San Diego County. Awesome investment opportunity for an investor or anyone looking for a steady income property. Private outdoor living area, two car attached garage, wonderful interior features, large kitchen, light and bright unit, very quiet location.

Awesome investment opportunity for an investor or anyone looking to purchase a steady income property:

11.8% monthly return for cash buyers
Approximately $500 – $700 per month cash flow for credit buyer with 30% down

New Foreclosure in Encinitas Ranch

Brandon Soule — Wed, 31 Mar 2010 18:51:47 +0000

The Lund Team will be listing a new foreclosure home in Encinitas Ranch, a renowned beach community in Encinitas, California. The property is located on the fairway of the 4th hole at Encinitas Ranch Golf Course and offers panoramic west facing views of the golf course and Pacific ocean. The neighborhood offers multiple community parks, extensive golf course walking trails and discounted green fees. Home site in close proximity to the Forum shopping center, San Diego Botanical Garden, beaches, and so much more.

5 Bedrooms + 2 Optional, 3.5 Bath, and approx. 4,612 Square Feet

Large spacious executive style residence, custom marble flooring in the foyer, downstairs office, dining room with designer chandelier, dual staircase off entry and family room, bonus room with view balcony. Oversized gourmet kitchen: granite counters, stainless steel GE Monogram appliances, two sinks, dual ovens, and eat in bar. The large family room offers a built in entertainment center and custom stone fireplace and mantle. Master suite: separate retreat/study area, private balcony with ocean and golf course views. Master bath: Jacuzzi tub, marble enclosed shower, bronze fixtures, walk-in-closet and dual vanities. The inviting rear yard has mature landscape, covered patio, outdoor kitchen, and built in spa.

For pricing and more information contact The Lund Team:

REO@lundteam.com or call (760) 438-0800

Half Price in Rancho Santa Fe

Brandon Soule — Fri, 26 Mar 2010 02:05:50 +0000

The Lund Team has received two new bank owned properties to sell in an exclusive community, The Crosby at Rancho Santa Fe.

About the community: Private gated community, separate residence club house, junior sized Olympic pool, spa, and four tennis courts. From golf villas to turnkey custom homes, luxury and elegance carry the day at The Crosby. Inspired by the legendary Rancho Santa Fe architecture of Lillian Rice, residential designs at The Crosby embrace the casual elegance so long associated with the region.

17028 Blue Shadows Lane

2 Bedroom + 1 Optional Room, 3.5 Bath, and approx. 3,034 Sq. Ft.

Home site on golf course, Mediterranean / Santa Barbara style architecture, large rear yard, landscaped front and rear, spa, and interior courtyard.

16908 Simple Melody Lane

4 Bedroom, 4 Bath, and approx. 3,121 Sq. Ft.

Detached villa, former model home, travertine and wood flooring , gourmet kitchen with upgraded appliances, executive style master suite, panoramic views, and much more.

Contact the Lund Team for more information and pricing

REO@lundteam.com or call (760) 438-0800

Upcoming Listing, Buy in La Costa for $6,500 Down!!!

Brandon Soule — Fri, 12 Mar 2010 00:30:14 +0000

Just completed cash for keys and currently waiting to get final approval from Bank of America on the listing price, likely to be under $175,000. Great value in this area of Carlsbad, unit previously sold for $278,000 in early 2005. The property has great potential as a cash flowing investment or a primary residence for a first time homeowner.

The West Hills Bluffs community offers several amenities to its residents including three separate pool/spa facilities, a tennis court, and ample guest parking. Within walking distance of two world class resorts: La Costa Resort and Spa and The Four Seasons at Aviara, Carlsbad city library, shopping, dining, and more… IN CARLSBAD UNIFIED SCHOOL DISTRICT!!

6907 Quail Place #D Carlsbad, CA, 92009

For more information or to schedule a showing contact REO@LundTeam.com or call (760) 438-0800

Just Listed – $143,900 – Bank Owned Deal!!

Garrett Lund — Thu, 04 Feb 2010 20:10:36 +0000

Great Room

Wow… 209 Westlake Drive #2, 92069 – Westlake Ranch

If you are looking for a deal here you go. This will hit the MLS later today.

2 bed/ 2.5 bath, travertine, granite, wood cabinets, private patio, townhome, end unit, super clean and ready to go. Close to Cal State San Marcos.

Call Lund Team ASAP at 760.438.0800 or email reo@lundteam.com