Feel the relief! Short Sales: Another reason to do it! LA Times had an article yesterday which put into the mainstream print media what we have been told for the past year..doing a Short Sale will allow you to purchase a home with a Fannie Mae backed mortgage within 24 months. They are relaxi
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04/28/2010
FOR SALE IN LA QUINTA COVE: Triple Lot with 3 Homes! That's right! Three homes on a Southern facing triple lot in the La Quinta Cove. One of a kind compound, this unique property is looking for it's next unique owner. The last owner was an Art Teacher who brought her students to the property
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04/22/2010
Homeowners and Goldman Sachs. Were YOU affected? This is a link to a Wall Street Journel article that breaks down the Goldman Sachs mortgage industry "scam". It sorts out how a home buyer that gets under written for a loan they do not qualify for, or can only qualify for over the short term..l
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04/22/2010
Realtors: How do they earn their money??? I have learned over the years in this business that many, many would be clients do not understand how I get paid. The perception seems to be that I drive them to a few homes, write up a pre-designed contract, submit it, and collect my 3% of the Sales p
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04/18/2010
Short Sale Tips: Thinking of Short Selling your home? Wonder if a Short Sale is better than a Foreclosure? Here are some things to think about.. The State of California has just passed their Debt Forgiveness Act, which means that the State is now on the same page as the Federal Government when
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04/15/2010
Short Sale Question and Answer: Interesting to note that in our California required Short Sale Addendum, there is a termination date. However, I have not seen it matter one bit unless the Short Sale is accepted, demand letter is received from the Lender with a close date, and at that time, the
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04/13/2010
La Quinta and Coachella Valley home Sales prices on the rise..I have definately seen this trend as reported below in the Desert Sun. The Low end in particular has found it's bottom and appears to be climbing up slightly in sales and also prices. Buyers are purchasing homes from Sellers..not jus
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04/12/2010
Flipping. Buying a property for one price and turning it for a profit in a very short amount of time for a greater sales price. That's my own definition and we see plenty of this going on in La Quinta and the Coachella Valley where the devastation of housing prices of the past 3 years has been
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04/08/2010
Buyers are Buying from actual Sellers? What??? Yes, it's true. There is a definate change in the La Quinta real estate market. Sellers are actually getting offers that are "in the ball park", not ridiculously low. Partly because Sellers in the La Quinta area now have enough comparables to ge
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04/06/2010
Who's fault is it? Banks or Homeowners? This is an interesting article stating the rebuttal to " let them lose their homes and the free market work it's magic." I bought in 2004 and the loan I was told to use was a piggy back loan. I didn't understand it very well, but it seemed logical and I
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04/01/2010
