Category: b-Distress Sales
Whether you are the buyer, seller, lender or borrower, you want the assurance that no funds or property will change hands until ALL of the instructions in the transaction have been followed. In California, the escrow holder has the obligation to safeguard the funds and/or documents while they are in the possession of the escrow holder, and to disburse funds and/or convey title only when all provisions of the escrow are in compliance. Read More
According to Gregory J. Wilcox of the Los Angeles Daily News, there is good news for the real estate market as we look ahead to 2014. Foreclosures were down a full 60% all across Southern California in 2013’s fourth quarter. This is another indication that the housing market continues on a upswing. swingingsold “In 2013, we got a better economy and a housing market that is much improved. Overall, this is good news as we look ahead to 2014. Still, the housing market will bump into supply constraints, and interest rates — still close to historical lows — are on the rise,” said Robert Kleinhenz, chief economist at the Kyser Center for Economic Research in Los Angeles. As we enter into 2014 we will see more and more evidence of the healing of the realty market. Read More
I just read this great article… 7 Banks Foreclosing on the Most Mortgages Most banks are servicing loans. This list includes the percentage of underwater loans the bank has in FORECLOSED properties portfolio. Check out this article to see who... Read More
South Bay Market Trends .com February 2013 Greater South Bay market including: Carson, El Segundo, Gardena, Harbor City, Hawthorne, Hermosa Beach, Inglewood, Lawndale, Lennox, Lomita, Manhattan Beach, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance, & Wilmington... Read More
The New York Times published this … If you are considering a loan modification or a short sale, you will need to proved a HARDSHIP LETTER. Writing the “hardship letter” Homeowners having trouble paying their mortgage are often required to write a hardship letter when applying for a loan... Read More
Sorry to hear that you or someone you know is in financial and/or mortgage distress. And you really want to keep your home. So you check the local newspapers and online ads. And they say … “I can keep you OUT OF Foreclosure and you get to KEEP your home!... Read More
With interest rates THIS LOW, you have higher BUYING POWER. This means you can buy a higher priced home and still qualify for your loan. Talk with your lender (or I can offer a lender referral) to get pre-qualified and then let’s get together. There are still some very good... Read More
Most of us know these tips already, but forget some of them from time to time. Keep your air filter clean and change it on a regular basis. Change you cars oil according to the owners manual. Check the fan belt. Is it too tight or too loose? This can affect your mileage. Change your spark plugs regularly according to the owners manual. Worn plugs can make your car get less miles per gallon. Try driving your lighter car. Heavy cars get worse mileage. Only use the Air Condition when necessary. Using your cruise control can increase mileage. Don’t warm up your car. It isn’t needed and it will cost you money. Check your tire pressure and keep the tires inflated according to the owners manual. Read More
SHORT SALES: TOP 9 MYTHS DEBUNKED! I have been doing short sales for 3 years. All of my short sale listings have closed and the sellers have avoided foreclosure. But there is some confusion .. so here are some answers to clarify what you may or may not... Read More