The Types of People That Attend Open Houses
1. The real buyer
These people are somewhere in the home-buying process. They’re either testing out the market or they’re serious and fully qualified, ready to take action. For the seller, these are the ones you want coming through the door.
Why Do Short Sales Take So Long?
In a short sale, you need the seller’s bank to approve before you can close. Banks require dozens of pages of paperwork to evaluate whether or not to approve a short sale. Since the seller is asking the bank to accept a sale price that’s less than the mortgage amount, the bank needs to verify that a short sale is the right thing to do. Banks want to make sure the seller is indeed unable to stay in the home and can’t afford to pay off the difference between the market value and the bank’s loan amount.
Designer Ed Hardy Asking $3.199M for LA Tudor
According to the Los Angeles Times, the Mid Wilshire area abode was purchased by the creator of the Ed Hardy brand in 2007 for $2.695 million. Since then, Audigier sold his design company for $62 million and made several attempts to lease this 5,400-square-foot property.
Grant Deed vs. Quit Claim Deed
ransferring ownership of a property in California is accomplished via a property deed. There are at least a dozen different standard deeds, all developed over time to address different circumstances. These...
Title Insurers Not Selling Title Insurance to Loans Affiliated with Foreclosed Properties
So...what does this mean? If your thinking of purchasing an REO property or foreclosed property with a loan ...the likelyhood is that it won't happen anytime soon. Title Insurers are pulling the plug until the Robo Signing matters can be cleared. With millions of...
Bank of America STOPS ALL FORECLOSURES In ALL 50 STATES…Expedite Your Short Sales
Bank of America will stop foreclosures in all 50 U.S. states, CNBC and the Wall Street Journalreport. Last week the bank, the country's biggest by assets, announced it was halting foreclosures in the 23 states where foreclosures are processed in court, saying it...
I Just Did A Short Sale, Now I Need To Rent…Help! Avoid Someone elses Foreclosure
Recent experience working with our Short Sale clients have brought an onslaught of new concerns as they move into their next "phase" of recovery. "Renters" for a few years... We are in a volatile housing market, the fact is 1 in every 6 homes with a mortgage is behind...
More State Atty. Generals are Requesting Stay on Foreclosures
Attorney Generals in three more states have asked banks and mortgage lenders to hold off on foreclosures until an investigation into so-called “robosigners” is completed. Delaware Attorney General Beau Biden has called on three banks to stop foreclosure actions in the...
Owing A Home…Is The American Dream Over…More Americans Are Renting than buying
Over 5Million U.S. Households with Over $1Million to Invest
According to a new survey from Phoenix Marketing International’s Affluent Market Practice, the number of American households with the ability to invest $1 million or more rose 8% in the 12 months ended in June. The survey says there now are 5.55 million U.S....
Fannie Mae Is Giving Home Buyers and Real Estate Agents to SELL REO's
So it seems Fannie Mae is doing all it can to unload its massive quantities of REO inventory. When I say massive, I mean the 129,310 single family bank-owned properties — or REOs, as they're called — it held at the end of Q2, which is more than twice what it was...
Home Prices Down…More Short Sales to Come
Ally Financial legal issue with foreclosures may affect other mortgage companies
Some of the nation's largest mortgage companies used a single document processor who said he signed off on foreclosures without having read the paperwork - an admission that may open the door for homeowners across the country to challenge foreclosure proceedings. The...
Dinah Shores Mid-Century Palm Springs Home…asking $5,995,000
The Palm Springs “tennis estate” once owned by the late singer/TV personality Dinah Shore is on the market for $5,995,000. But, for anyone who knows anything about Dinah, putting the sport “tennis” next to Shore’s name — even if it is just real estate marketing for...