Foreclosure filings decline, time to foreclosure increases in some states

On average it took less time to foreclose in California, Arizona, and
Nevada in June 2011, countering what has been a growing trend to extend
the foreclosure process, according to the latest report from
ForeclosureRadar.  The time to foreclose has increased on a
year-over-year basis throughout the areas covered by ForeclosureRadar.
California experienced the second most significant increase with the
average time to foreclose at 317 days, up from 261 days a year ago.

Foreclosure filing activity was down throughout the coverage area in
June 2011, with fewer foreclosure filings in all states. There were
fewer foreclosure sales, both “Back to Bank” and “Sold to 3rd Parties”,
in all areas except Oregon, which saw an uptick in activity at the
courthouse steps.

California experienced slowed foreclosure activity across the board.
Notice of Default filings fell for the third consecutive month after a
slight 1.5 percent drop in June. Notice of Trustee Sale filings were
down in June as well, with an 11.7 percent decline month-over-month and a
34.3 percent drop from June 2010. Cancellations of foreclosure sales
decreased for the second time in as many months, with a 3 percent drop
compared with May. Foreclosure sales on the courthouse steps were slower
than the prior month, with 13.4 percent fewer sales Back to Bank and
7.1 percent fewer foreclosed properties Sold to 3rd Parties.

For the first time in six months the average time to foreclose
decreased, down 7.9 percent to 317 days month-over-month, but was up
21.5 percent compared with the same time last year. Third parties
continued to resell inventory more quickly, with the time to resell down
1.5 percent month-over-month to 131 days, clearly outperforming banks,
which took an average of one hundred days longer at 231 days to resell
inventory.

Police Fatally Shoot Man in Clairemont

From 10news.com

 

SAN DIEGO — San Diego police officers fatally shot a man in Clairemont on Saturday when he allegedly lunged at them with a knife.

Marc Anthony Carrasco, 26, of San Diego, died just before 2 a.m., according to the San Diego County Medical Examiner’s Office.

A woman in a house in the 5000 block of Dawne Street called police at 1:23 a.m. saying Carrasco, who was her nephew, had threatened to stab her with a knife, said San Diego police Lt. Kevin Rooney.

 

Four police officers went to the house, where the woman said Carrasco was in a back bedroom and had threatened to stab anyone she sent in to get him, Rooney said.

Officers went to the bedroom door, announced themselves and asked Carrasco to come out, but he refused, Rooney said.

A police officer then opened the bedroom door and saw Carrasco lying in the bed covered with blankets, Rooney said. The officer asked Carrasco to get up, but instead he turned back the covers to show he was holding a large kitchen knife.

Carrasco then rose from the bed and allegedly lunged at the officer, prompting two officers to shoot him, Rooney said.

The officers were 32- and 16-year veterans of the department and were assigned to the Canine Unit and Northern Division, respectively, Rooney said.

The officers’ names were not immediately released.

Crews Put Out Clairemont Apartment Fire

From 10news.com

SAN DIEGO — A fire broke out in a Clairemont apartment on Saturday, causing $300,000 damage, a fire dispatcher said.

 

                                        

The fire was reported just before 5:30 a.m. at 7016 Park Mesa Way, according to a San Diego Fire-Rescue Department dispatcher.

The flames caused $200,000 in property loss and $100,000 in content loss, but no one was injured, the dispatcher said.

Authorities are investigating the cause of the fire.

Is Clairemont a Sweet Spot for Redevelopment?

From signonsandiego.com

 

Add another category to President Barack Obama’s “Sputnik moment”: redoing America’s close-in suburbs.

Like Clairemont, Point Loma, National City, La Mesa — the so-called “first-tier” suburbs that were built after World War II.

Close to transit and jobs, containing the pipes and parks that make livability possible, these communities represent the focus of the next round of redevelopment, now that downtown San Diego and central business districts in other cities have been largely rebuilt.

They are the “sweet spot for redevelopment,” according to Patrick Phillips.

“They have a distinct urban feel but not quite the urban grit. They are close to transit, jobs, cultural and entertainment facilities. They are walkable, architecturally interesting — and they are employment centers.”

He is the CEO of the Urban Land Institute, a Washington, D.C., think tank, who keynoted a recent conference in North Carolina and elaborated on his views in a subsequent interview.

“This point in time might be considered our industry’s Sputnik moment, when we readjust our thinking and our expectations about real estate,” he said.

In the interview, he said the challenge will be to get residents of these neighborhoods to rise above NIMBYism — not in my backyard attitudes opposing change around them.

“We see it everywhere,” he said, “despite the fact that these neighborhoods are well located to receive additional density, particularly in transit investment or other new investment in infrastructure.”

The trick, he said, is better design for new development on underperforming sites, such as commercial strip centers, not necessarily on blocks containing well-maintained single-family homes.

“It’s good design, not density,” he said. “It’s how much we can vary the form from the existing building pattern.”

San Diego urban designer Howard Blackson, in a separate interview, couldn’t agree more that design is key. But he said ULI and local planning agencies have failed to come up with tools beyond the 50-year-old system of zoning and building codes.

“We’re trying to do high-density, mixed use, transit oriented development without following a very good regional plan,” Blackson said. “We have a good smart-growth map but it’s not grounded in any sort of tools. The locals only know what they know.”

He said San Diego does have some successful models, from 1920s neighborhoods like Kensington and Rancho Santa Fe to the Uptown District completed about 20 years ago on a former Sears site in Hillcrest.

“We have a lot of great stuff and a great environment,” he said. “We don’t have a lot of great places.

In his speech, Phillips said the mistake in recent times is that new development occurred in ex-urbs, such as Temecula and the rest of southern Riverside County. Many buyers moved there where they could afford large homes, but then ate up a lot of their savings in commuting costs.

Now, he said, younger people desire to live in vibrant neighborhoods close to work, and their aging Baby Boomer parents plan to keep working and not move.

“In the area of workforce housing, it’s clear that despite the housing collapse in many areas, there is still a shortage of affordable housing that is close to jobs,” Phillips said. “Yes, home prices declined, but that does not address the fact that in most of urban areas, the bulk of the mainstream workforce lives far from employment.”

He said the return to the city — downtown — “is only part of the urban evolution.”

“There is a demand for this development that stretches beyond downtown cores and into the suburbs. And it is the first-tier suburbs that are best positioned to accommodate this type of development.”

Ironically, these suburbs were developed without the strict planning, zoning and design codes in place today.

But housing developers have since adopted a mass-production model that resulted in master-planned communities linked by freeways. Builders acknowledge their tried-and-true model doesn’t work when it comes to working on small, infill lots that don’t offer the same economy of scale they’re used to.

 

But now that the building industry in California and other places “doesn’t exist anymore” in the wake of the housing slump, Phillips said, the building industry will have to find new paths to profit.

“It’s going to have to adapt,” he said. “As long as there is market demand, companies will be able to figure it out.”

Blackson said adapting to the new paradigm is necessary in planning circles as well.

“It’s not taught in our schools,” he said. “It’s not valued in planning departments.”

Blackson is a proponent of something called “form-based” or “place-based” zoning, where the goals of a building project dictate the outcome and allow for more flexibility. The promise is that people will be able to live and work in walkable communities and leave their cars behind.

The widely used “prescriptive” zoning approach specifies use and design. Critics say that approach has divided residences from workplaces, shopping from recreational areas, and led to too much reliance on the car.

The bottom line, Blackson said, is development has to acknowledge cultural and social values, as well as standard real estate measurements.

“We’ve been building for economic value in the heydays and lost touch with cultural and social values that are important,” he said. “Rediscovering that will help build toward economic value.

Search For The Perfect Clairemont Backyard

This past weekend I was speaking with a client, who is interested in buying a home in the Clairemont community of San Diego.  While asking a few questions and setting up our search parameters, my client explained to me that he was in search of the perfect Clairemont backyard.  I chuckled when I heard this because a backyard was also a major influence in my home purchase 2 years ago.  In my 4 month house search I had only 3 conditions outside of price.

  1. Location
  2. Lot size
  3. The direction in which the backyard faced.


In addition to being a Realtor, I also know my way around many areas of construction and property maintenance.  From the start, I knew that I was getting into a remodeling project, so I was not overly concerned about buying a house in need of repairs.  Instead, I focused on the three things that I could never change, location, lot size and direction the back yard faced.

                          

For my Wife and I, the decision on location was easy.  I had been renting a duplex in Clairemont since 2001 and I knew that this is where I wanted to grow old.   My Wife had been a lifelong resident of Pacific Beach, our bordering beach town, and I knew that we could not venture to far from her childhood stomping grounds.  We quickly agreed on Clairemont and decided not to look anywhere else. We began looking at houses for sale in the North Clairemont area, scheduling our showings in the afternoon and early evenings.   It wasn’t until the third or fourth house that we noticed how the positioning of the lot was going to be a major factor in our purchasing decision.  We planned on spending a lot of time in our backyard with our young daughters and entertaining our family and friends.  We quickly realized that the homes with north and east facing yards seemed to be dark, shaded and less appealing during our early evening viewings.  We saw one house with pool and an east facing backyard and the pool was completely shaded by 3:00 in the afternoon.  Living in San Diego, I’ve always wanted a house with a pool and we just couldn’t see ourselves enjoying a swim if the pool was entirely shaded in the middle of the afternoon.  In addition, we knew that we would be entertaining our friends in the evenings and a backyard BBQ would be much more inviting as the sun was setting. 

During this time, I was trying to get as many home remodeling ideas as possible and I had become obsessed with some of the “Do it Yourself Shows” on TV.  One in particular is called Yard Crashers on the DIY Network, where the host ambushes unexpected home owners and proposes a back yard makeover.  I would sit and watch with a sketch pad at hand, and draw my plans for a yard that I didn’t even have yet.   

                                          

These plans contained features such as a complete outdoor kitchen, seating areas, pool and Spa, Fire pit, pergola, hammock and a playground, all surrounded by lush tropical landscaping.  I know all this may sound a little over the top but these were the types of amenities going into some of the backyards on this show.  It quickly became apparent to me that I was going to base my purchase, primarily on the potential of the back yard.  A few weeks into our house hunt we made the decision to exclusively look at houses that had large west or southwest facing back yards.  After a month of searching and finding nothing on the market that fit our parameters, we decided that we needed to reconsider a few of our requirements, so back to the drawing board we went.

We weighed our options, however, we did not want to compromise on the areas that we could never change, and we would have to live with for the rest of our lives.   I performed another search, but decreased the number of bedrooms , with the thought that we could always add another bedroom in the future if the lot was big enough.  Low and behold, the search returned one result, ahouse on a half-acre canyon lot in North Clairemont.  Literally, the ugliest house on the street but it was exactly what we wanted, a large west facing back yard.  We immediately submitted an offer and closed escrow in 43 days.  I spent the next 4 months gutting and remodeling the house and we moved in on November 12, 2008. 

Over two years later, I am convinced that we made the right decision, as we spend the majority of our family time out back.  Whether it’s the beautiful San Diego sunsets, cool ocean breezes, sunny backyard BBQ’s, Entertaining friends or spending time with our children, not a day goes by where we don’t enjoy our backyard.   

Clairemont Real Estate With Jared Wilson

Jared Wilson was born and raised right here in San Diego and since 2001, Jared has called the San Diego neighborhood of Clairemont his home.  In 2008, Jared Purchased a house on Onondaga Avenue, just south of the Clairemont Town Square, where he currently lives with his wife Jennifer and two Daughters ages 3 and 6.

“I would never want to live anywhere else!  Clairemont has so much to offer and it’s one of the best communities in San Diego to raise a family.  I know this to be true because I’ve lived in San Diego all my life.  I can’t think of many other neighborhoods where you are five miles from the beach, five miles from Downtown, has good schools and affordable housing.  Over the past 5 years, the Clairemont Real Estate Market has seen a significant increase in first time home buyers, the majority of which are younger families.  This is good news for home owners in our community, as the younger buyers emerge, homes are usually upgraded before the home is put on the market or after the home is purchased.” 

Jared goes on to say;

“When I bought my home 2 years ago, it was the ugliest house on the street, after a four month remodel, it is now one of the most appealing homes in our neighborhood.  The transition seems to be contagious, just last year both neighboring houses and the house across the street from me, underwent major renovations.  It seems that Real Estate improvements in Clairemont are spreading like a virus, a very good virus!”   

 

 Picture of Jared Wilson

 The Real Estate Career of Jared Wilson

At the age of 22, Jared began his career in Real Estate working as an Assistant Property Manager in San Diego, California.  Jared quickly learned all the components to Real Estate Management, including the negotiation of leases, maintaining asset value, supervising maintenance, payment of taxes and insurance, inspections, accounting and reporting.

At the age of 26, Jared became a Licensed California Real Estate Agent and continued his career as a Property Manager, working exclusively with Investors and managing a team of Real Estate Professionals.

Jared Wilson’s abilities to effectively advise property owners about the San Diego Real Estate market and guide their investment decisions, triggered him to focus entirely on representing Buyers and Sellers of Real Property.

What sets Jared apart from the other realtors? Jared has assembled a dynamic digital marketing plan that includes tools such as websites, blogs, and social media. Further, as a lifelong resident of San Diego, Jared can put his insider knowledge to work to find a special property in your neighborhood of choice.

Jared Wilson lives by his motto, “Your Success Is My Success”, he strives to help his clients achieve their Real Estate Dreams

For more information or to get free advice on Buying or Selling Real Estate, email Jared Wilson at Jared@SoldByJared.com.

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