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From the Chicago Tribune

Q: Can you advise if there has been any comparative analysis of selling a home via auction vs. listing? I have been searching but have been unable to find any independently verifiable comparative analysis reviewing the traditional MLS/Realtor listing process vs. an auction process. Your guidance and comments are most appreciated.

A: There really hasn’t been anything worth using. Auction.com tells me they’re working on it but don’t have comprehensive stats yet. Anecdotally, they’re finding that homes are selling faster via auction because it focuses attention on the actual date that a property is going to be sold. We have heard the same thing from small and large auction companies for years — it’s a main selling point.

What’s interesting is that online auction companies, like Auction.com, are finding ways to work with agents. They need agents to list the properties with them and then Auction.com pays some sort of reduced commission. That way, they’re working with agents instead of against them.

read more at: http://www.chicagotribune.com/classified/realestate/sns-201411211900–tms–realestmctnig-c20141127-20141127-column.html

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Default notices filed in San Diego County rose to a nine-month high in October, but remain historically low.

Last month, lenders filed 474 notices of default, which trigger the foreclosure processes after 90 days of missed payments, real estate tracker CoreLogic DataQuick reported Wednesday. The notices are the first indication of trouble in a mortgage. Still, the number of filings was down 12.4 percent from October, and well below the 10-year monthly average of 1,387 notices.

Default notices were last this high in January, when 490 were filed in the county. In September, lenders filed 398 notices.

Mark Goldman, a loan officer and real-estate lecturer at San Diego State University, said he was not concerned about the uptick. He said it’s more of a reflection of a bank’s desire to foreclose by the end of the year. Once the notice is filed, a property can be repossessed in as little as 90 days, Goldman said.

read more at: http://www.utsandiego.com/news/2014/nov/19/corelogic-dataquick-forclosures-october-default/

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A Customer reported that when the heat wave hit this summer their electric bill was $400 to $600 a month.  Now add another 7.5%; they will probably be changing peak hours too, and if you are a fixed income, it could really affect a lot of people: Vets, Retired, government employees, etc.

San Diego Gas & Electric asked state regulators Friday to approve a $145.3-million electric rate rise that would increase a typical residential gas and electric customer’s monthly bill by $5.63.

The increase, which would take effect Jan. 1, 1993, is one of the largest rate increases sought by SDG&E in recent years. It will take about a year for the state Public Utilities Commission to issue a final ruling on SDG&E’s request.

Also on Friday, SDG&E sought regulatory approval for a $10.4-million refund that would produce a one-time, $8.54 rebate to natural gas customers. SDG&E officials also used the massive PUC filing to make a highly unusual pledge to keep electric rates lower than those charged by Southern California Edison and Pacific Gas & Electric.

SDG&E officials said the hefty rate request was driven by costly state-mandated programs, needed improvements in the utility’s electrical service system and equipment needed to meet anticipated growth in customer demand.

read more at: http://articles.latimes.com/1991-11-16/news/mn-1242_1_residential-electric-rates

disclaimer: for information and entertainment purposes only