Short Sales…Thoughts on Foreclosure Roulette…Failing Loan Modifications…Our Housing Market In Crisis
I think we are getting a glimpse of things to come…new buzz word for sure! Foreclosure Roulette. This article was front page of Huffington Post earlier today. Bea Garwood has been bracing for foreclosure since May, but she says she’s been told three times to expect a sheriff’s sale in the next month and it still hasn’t happened. “We really at this point do not know where we are in the process,” said Garwood, who lives in Pinckney, Mich. with her husband. “We have no clue. We haven’t even heard from Chase bank in three weeks.” The...
Read MoreWhy The Housing Market Is Not Recovering and Will Not For a While…
This article hit this morning and we support its 6 reasons: Declining Job Market Shared Households increases inventory. Foreclosures adding inventory and no relief in sight. Tight Lending Restrictions…getting tighter. Falling Home Prices…”Educated” Buyers say “what’s the rush”? You Have to sell your home…that ain’t easy today! The articel is below and we would love your feedback: ____________________________________________________________________________________________ Four years after the housing bubble popped, the...
Read MoreEnd of Your Emotional Rope! Strategic Short Sale
This is a video from CNN that is beating up this guy about his decision to do a Strategic Short Sale. However, this homeowner “investor” is right! Morally wrong? Is it morally wrong for banks to default on their properties? or is it a business decision? The last 4 listings we have taken were not necessarily broke or in dire financial straights…they simply were tired of trying to work with their banks to find a solution to their bad financial situation. The banks are unwilling to work with them… because they “were not going to work with them as long as...
Read MoreCost of "Roughing It" = $46Million
Always wanted our own cabin… Colorado Ranch Sold for $46.5M — Highest Sale in U.S. This Year By: Diane Tuman, Zillow Content Manager | April 28, 2010 Share In what is speculated to be the highest price paid for residential real estate this year, the Wall Street Journal reports the 3,100-acre Bootjack Ranch in Pagosa Springs, CO was recently sold for $46.5 million — down $21.5 million from a recent list price of $68 million and down $41.5 million from its original list price of $88 million two years ago. The buyer is Dallas billionaire Kelcy Warren, listed as No. 289 on the...
Read MoreJesse & Sandra Split = New Beach Front Listing = Sunset Beach, CA = Just Shy of $6MM
Sandra Bullock and Jesse James Selling Their Sunset Beach, CA Home As anticipated, estranged Hollywood couple Sandra Bullock and Jesse James are selling their California beachfront home, but you won’t find it in the Multiple Listing Service (MLS) or any other site that displays publicly available listings. No open houses are planned and buyers must pre-qualify — all to make it more difficult for looky loos and paparazzi from snooping. The Bullock-James home is located in the Sunset Beach, CA, area. Listing price?...
Read MoreGet Kris and Kim’s FREE book when you sign up!
Attention Agents: Learn how to Short Sell, Rent and Buy Back for your Listings.
