Pacific Heights For 50 Percent Below 2006 Expectations And Debt
As we wrote about 2523 Steiner back in 2007: After 138 days on the market, and three price reductions (now $505,000 or 15% below its original list price ), 2523…
A Bank-Owned BMR (No, Not BMW) In Pacific Heights
2760 Sacramento #6 is a Below Market Rate (BMR) one-bedroom condo in Pacific heights which was purchased for $211,500 in February 2003 with restrictions limiting its future resale value and…
The Bank’s 330 Banks Returns 29 Percent Below Its 2005 Price
As we wrote about 330 Banks up in Bernal back in January 2008: On the market without finding a buyer at $649,000 last fall, 330 Banks is back on the…
San Francisco Supervisor Cohen Walks Away From Underwater Condo
Speaking of the myriad of San Francisco buyers who bought with no money down: Supervisor Malia Cohen has joined the ranks of the foreclosed, having lost her $581,178 condo to…
One Rincon Hill Phase II Partnership Interests Headed For Foreclosure
As a plugged-in tipster notes, the 64 percent partnership interest held by Urban West Rincon Developers II, LLC in the One Rincon Hill Phase II Limited Partnership and the entire…
50 Cent (On The Dollar) In Da Condo On Nob Hill
With $49,853 past due on a $1,950,000 mortgage taken out in November 2006, the two units on the 14th floor of Gramercy Towers which were combined to create a 2,300…
FBI Looks Into Auction Bid Rigging (And Shouldn’t Have To Look Far)
Speaking of foreclosure trends and activity in San Francisco, according to bureau spokeswoman Julie Sohn, “last week the FBI conducted interviews and executed search warrants through the entire Bay Area…
Six of Sixty-Five Bank-Owned in Bernal Including Two On Banks
Out of 65 listed single-family homes, condos and TICs in Bernal Heights six are currently identified as bank-owned (and an additional ten short sales) including 330 and 726 Banks. And…
Noe Valley’s 1420 Douglass Closes At 26 Percent Under Its 2007 Price
As we wrote in March 2008: Another plugged-in reader already stole our thunder (and pretty much all our lines), but to sum it all up: 1. Eight months ago 1420…
Flipping A Few Lembi Properties Through Foreclosure
A plugged-in tipster reports: Coastal Capital of Sausalito, which bought a portfolio of loans secured by Lembi properties, foreclosed on the properties . Coastal reportedly paid $24.1 million (64% of…