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Condo Vultures® Realty, LLC
Phone: 800-750-0517
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Relying on public and private research, experience, and longstanding relationships, Condo Vultures® Realty LLC has established itself as an ideal organization to assist you in capitalizing on the residential real estate crash in San Diego.


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  • Communities get 'First Look' at many REOs

    Inman News, Posted: 09/02/10

    Federal housing officials have reached an agreement with mortgage lenders that will give nonprofit organizations and state and local governments right of first refusal to purchase foreclosed homes in certain targeted neighborhoods. Lenders participating in the "National First Look Program" represent about 75 percent of the real estate owned (REO) marketplace, the Department of Housing and Urban Development announced Wednesday.

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  • San Diego housing inventory static in August

    San Diego Union-Tribune, Posted: 09/02/10

    Rick Ungar, a local real estate agent, crunched the August sales activity in San Diego County and found inventory levels virtually unchanged from the previous month. According to his calculations, there is about 4.9 months of inventory for detached homes. When it comes to the attached market, which mostly consists of condos, there is 4.6 months of inventory.

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  • HOTELS: Mission Plaza sold to San Diego investors

    North County Times, Posted: 09/02/10

    In its first California hotel sale, commercial real estate giant LNR Partners Inc. sold the 316-room Mission Plaza Hotel & Suites near SeaWorld for $12.5 million to investors Reven Capital and Jet Stream Hotels & Resorts, Reven's chief executive said. 


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  • REOs Put New Pressure on Prices

    UPI, Posted: 09/01/10

    Rising numbers of real-estate owned properties (REOs) and delinquencies are creating excess supply in housing markets across the country, putting additional pressure on prices already under stress from the post-tax credit drop in demand, according to the August report from Metrostudy, a leading provider of secondary and primary market data.

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  • California forgoes new foreclosure law

    Inman News, Posted: 09/02/10

    The California Assembly has rejected a bill that would have placed more homeowners under the protection of an existing state law that requires loan servicers to consider distressed borrowers for a loan modification before beginning foreclosure proceedings on them. SB 1275, which sailed through the Senate on June 3 in a 21-12 vote, failed to garner enough support in two Assembly votes.

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  • Shut Down Banks if They Threaten System: Bernanke

    CNBC, Posted: 09/02/10

    Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system. "If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved," Bernanke said Thursday while testifying before the Financial Crisis Inquiry Commission. 


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  • Home Loan Demand Rises as Rates Hit New Low

    CNBC, Posted: 09/01/10

    U.S. mortgage applications for home purchasing and refinancing increased last week as interest rates hit a new low, a glimmer of hope for a housing market that has failed to find footing in the absence of government support.

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