You are here: Home » Housing » House flipping back in vogue in North County San Diego

House flipping back in vogue in North County San Diego

Good times are here again in residential property. House flippers are back and have now moved to foreclosure auctions.  Below is a house that was bought in foreclosure at $945,000 in November and is now on the market for $1.4 to 1.5 million. 4100 square feet and swimming pool. Fairbanks Ranch. Cheapest house in the area too. What’s not to like?

Jim the Realtor does mention some serious imperfections though. Take a look.

See also House Flipping Makes a Comeback from the Wall Street Journal.

Update: and if you missed the courthouse action, this video from last month shows how the flippers get their properties.

About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

• View all posts by Edward Harrison →
• Blog
• Twitter
• Facebook
• Google+

• Short Sales in North County: “Feeding Frenzy” as banks pretend and extend 20 Oct 2009
• Ivy Zelman: “Home prices are going back down” 20 Nov 2009
• Nationwide brings back 125% LTV mortgages 9 Jul 2009
• UK house prices need to fall up to 63% 14 Jun 2008
• UK House Prices down in June 1 Jul 2008