![]() 10259 Sheldon Rd Elk Grove, CA 95624 |
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![]() 6030 Eagles Nest Rd Sacramento, CA 95830 |
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![]() 9821 Trailhead Ct Wilton, CA 95693 |
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![]() 5749 Pomegranate Ave Sacramento, CA 95823 |
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![]() 10372 Via Cinta Ct Elk Grove, CA 95757 |
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![]() 6152 Kenneth Oak Way Fair Oaks, CA 95628 |
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![]() 10370 Frank Greg Way Elk Grove, CA 95757 |
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![]() 7717 Victory Ave Sacramento, CA 95828 |
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![]() 7453 Telegraph Ave Orangevale, CA 95662 |
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![]() 1963 Richfield Way Sacramento, CA 95832 |
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![]() 261 Anjou Cir Sacramento, CA 95835 |
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![]() 2305 Expedition Way Sacramento, CA 95832 |
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![]() 1933 Bastona Dr Elk Grove, CA 95758 |
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![]() 10189 Blossom Ridge Dr Elk Grove, CA 95757 |
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![]() 10400 DANICHRIS WAY Elk Grove, CA 95757 |
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![]() 7219 Ovar Ct Elk Grove, CA 95757 |
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![]() 7212 Danberg Way Elk Grove, CA 95757 |
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![]() 11999 Mandolin Way Rancho Cordova, CA 95742 |
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![]() 6325 Castro Verde Way Elk Grove, CA 95757 |
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![]() 8557 Spring Azure Way Elk Grove, CA 95624 |
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![]() 6421 Vilamoura Way Elk Grove, CA 95757 |
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![]() 9582 Nordman Way Elk Grove, CA 95624 |
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![]() 5511 Borce Ct Elk Grove, CA 95757 |
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![]() 7669 Sunset Ave Fair Oaks, CA 95628 |
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![]() 23 Windcatcher Ct Sacramento, CA 95834 |
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![]() 3637 22nd Ave Sacramento, CA 95820 |
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![]() 2674 Kalamer St Sacramento, CA 95835 |
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![]() 10224 Jenny Lynn Way Elk Grove, CA 95757 |
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![]() 411 46th St Sacramento, CA 95819 |
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![]() 10183 Sayers Ct Elk Grove, CA 95757 |
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![]() 4437 Anatolia Dr Rancho Cordova, CA 95742 |
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![]() 5103 Dodson Ln Sacramento, CA 95835 |
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![]() 5528 Deepdale Way Elk Grove, CA 95758 |
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![]() 10453 Hite Cir Elk Grove, CA 95757 |
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![]() 10049 Prairie Dunes Way Sacramento, CA 95829 |
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![]() 15 Lori Ct Sacramento, CA 95831 |
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![]() 7775 19th St Sacramento, CA 95832 |
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![]() 8966 Haflinger Way Elk Grove, CA 95757 |
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![]() 5111 Fredericksburg Way Sacramento, CA 95835 |
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![]() 4804 Yosemite Ave Sacramento, CA 95820 |
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![]() 280 Delta Leaf Way Sacramento, CA 95838 |
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![]() 9024 Testerman Way Elk Grove, CA 95758 |
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![]() 5123 Bessemer Ct Sacramento, CA 95835 |
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![]() 7148 Mariposa Ave Citrus Heights, CA 95610 |
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![]() 10082 Cristo Dr Sacramento, CA 95829 |
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![]() 120 Mahonia Cir Sacramento, CA 95835 |
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![]() 7210 Ovar Ct Elk Grove, CA 95757 |
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![]() 9947 Kapalua Ln Elk Grove, CA 95624 |
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![]() 188 Silberhorn Dr Folsom, CA 95630 |
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![]() 1847 Spaletta Way Sacramento, CA 95835 |
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Sum of Losses: $85,369,765
10 comments :
Interesting stats this week. We lost 52 FITs, mostly in Sacramento County. 1949 total, down 2.5%.
However, the amount of "equity" that went up in flames state at 116 million. Losses of $59,500 per house.
I don't see the end to the trend anytime soon.
Are you going to post the google earth download?
And Yolo Co. went to 3 pages! >; )
CW foreclosures lists that 3030 Woods condo in Davis. We need more red text on the Davis listings
This blog, while spectatular, seems 'suspect'. Many of the homes appear to NOT be "flips", but just your regular homes trying to be sold.
Please present an accurate "Flippers in trouble" instead of just 'slow home sales'.
EG John,
The definition of a FIT is anyone who bought in the last 24 months and is now offering the property for sale for less than was paid by that seller.
Flip = hold less than 2 years
Trouble = losing money
Pretty simple.
Please present an accurate "Flippers in trouble" instead of just 'slow home sales'.
I have a better idea why don't you create your own website that portrays your criteria of what a flipper in trouble should be.
Max you are doing an excellent job.
There are 2,000 homes in Elk Grove that are in preforclosure, auction or taken back by the bank.
wait until october. There will be more on the block.
That is the definition of flipperS in trouble.... as in thousands of people that got nailed by the lender and developer syndicate.
I believe that it is misleading to include the "big loser" (10259 Sheldon Rd Elk Grove) at the top of the page. A little digging reveals that this property has been short platted into 3 lots, each "consistent with the current zoning of 2 acre minimum". Applicant is "Morton & Pitalo Inc."
The listing with the house is just one of the 3 lots.
They may still lose money with three lots there. But they'll do better than what you indicate.
It is likely that there are others in your lists that have the same situation.
Love the site.
Although West Sacramento isn't part of Sac County. I would love to see some info from there.
-Rick.
Max and Agent Bubble are going to be so busy starting in October (mortgage reset season). You will see so many red figures on their page.
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