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analysis: Just a bit angry today! - 03/04/09 12:40 PM
This morning I read an article in the Sacramento Bee about the former executives of Countrywide that got rich on bonuses and golden parachutes after they made tons of questionable loans which we are all now paying for.  Believe it or not they have taken their wealth and created a company that buys up bad loans from failed banks.  They are paying pennies on dollar for these loans and making a killing on collecting.  The economy is in the tank, the everyday guy is suffering and these guys are making millions again!
Why do I feel that when this is all … (2 comments)

analysis: Nothing new in Sacramento or Roseville - 01/03/09 01:19 PM
I started to blog about some of the November results for our local Sacramento real estate market and quickly became bored.  For anyone who reads a newspaper or listens to the news there is nothing new to report.  Generally sales are up, median prices and average price per square foot are down.  About the only thing of much interest is the number of default filings have dropped, but may be the result of a new state law requiring lenders to contact homeowners who are delinquent on the payments, then wait 30 days before filing a default notice.
As we move into … (0 comments)

analysis: Not than Simple - 10/24/08 12:21 PM
I came across this brief article this morning and thought it was worth sharing:
Reworking Troubled Mortgages Isn't That SimpleIn order to rework troubled mortgage, the government may have to do more than persuade lenders and investors that workouts are ultimately more profitable than foreclosure, analysts conclude.Hundreds of investors hold an interest in trusts that invest in mortgages. If loans are reworked, some of those investors will lose money. Mortgage servicers are prohibited from modifying a pool of loans without getting the OK from two-thirds of the investors. That nod can be difficult to get because some investors stand to make … (2 comments)

analysis: Sacramento's real estate market is not frozen! - 09/25/08 06:35 PM
Is the only way to get anything done in politically partisan Washington  to declare an emergency, tell the world the sky is falling and create a three day "bipartisan period" to pass back room brokered deal that may cost the American taxpayer a trillion or more dollars?  We thought getting a budget passed in Sacramento for California was ugly!
I clearly have my opinions about the bailout and you can read more about that in my Rocklin & Roseville Today column, "Bailout will be felt in Sacramento" but my main message today is to motivate you to let your Senators know … (0 comments)

analysis: Sacramento Real Estate - 03/19/08 12:20 PM
The wonderful weather we have been enjoying the past few weeks appears to have coaxed some buyers out of the darkness. There has clearly been an increase in activity. We have seen our listing getting more showings in a week than we were seeing in January and February. One of our MagnumOne agents recently submitted an offer on a house for her clients and received a counter offer stating the home was in a multiple offer situation and to submit their "highest and best" offer. According to the seller's agent the offer that was accepted was $13,000 above asking price.
While this … (0 comments)

 

Julie Jalone

Roseville, CA

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MagnumOne Realty

Office Phone: (916) 290-9339

Cell Phone: (916) 276-6883

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