california: You gotta be worried if you live in LA county.... - 04/22/08 03:02 PM
327% Foreclosure increase from 2007 in LA county
Can you say.....OUCH.....
This reminds me of 1995 and 1996 in the Palm Springs market.  I remember speaking to home owners that told me these incredible stories of homes that people walked away from in droves.  Now the problem may even be much worse, but … (3 comments)

california: Where's you seat belt, our economy is ready to blast off!! - 02/11/08 07:25 AM
Well it's Monday morning and for some reason I wasn't able to sleep past 5:30 this morning.  Normally you can't pry me out of bed until 7:00.  Part of the problem is that as soon as my eyes opened my brain began telling me how messed up everything is right now … (8 comments)

california: More reasons to avoid the Mortgage Merge programs - 02/05/08 11:44 PM
Some whom read this article maybe aware there is a housing crisis in our country right now.  The fact is that we've never witnessed this type of slide in my lifetime.  Certainly not every market is the same, in certain regions the storm isn't as strong, but the effects can be … (2 comments)

california: Home Equity Line of Credit holders beware! - 02/02/08 03:41 AM
I hate to say I told you so, but one of my new pet peeves are these mortgage acceleration programs.  They go by snappy names like, MMA, or Mortgage Checking account.  Never the less they are Home Equity Lines of Credit, and with falling market values the banks are beginning to … (0 comments)

california: Could Southern California fires cause an upswing in real estate? - 10/25/07 03:17 PM
If anyone followed the Louisina and Mississippi real estate markets after Hurrican Katrina, you'd know that there was a huge boom in values in those regions.  Over 850,000 properties were destroyed during the Hurricans, and the federal government pumped in billions of dollars in the recovery effort.
Here is an interesting … (3 comments)

california: The panic of 1907 and 2007....amazing similarities - 08/24/07 10:47 PM
They haven't written the history books yet to describe this last month, but it maybe referred to as the Sub-prime Panic of 2007.  What's even more amazing is the similarities between 2007 and 1907.
In 1907 the country went through a fairly scary period from March of 1907 through October 1907.  Stocks almost plunged 50% … (28 comments)

california: A question regarding Flipping Out on Bravo? - 08/23/07 02:06 AM
With recent market woes, watching Bravo's hit show "Flipping out" has me rolling on the floor with laughter.  So the main guy and his partner in this episode are selling a 2.6 million dollar home in Southern California.  They get a cash offer (FULL PRICE OFFER), and the take it of … (4 comments)

california: Sellers better adjust their expectations in todays market - 08/22/07 07:22 PM
Recently had a conversation with a good friend who's a real estate agent.  He was complaining about how arrogant some of his clients were about the value of their home. It's funny, but I've heard this same complaint many times.  I've also read articles about sellers in California and Florida whom … (2 comments)

california: Disability Insurance not so difficult to get anymore - 12/18/06 05:11 PM
I just met with an incredibly gifted and talented young man named Travis Parry.  www.nmfn.com/travisparry
We had a very good converstation about "missed equity", and how it related to our present clients.  Travis also opened my mind to a quality product, "Disability Insurance", which he sells through Notherwestern Mutual Financial.
This disability insurance … (0 comments)

 
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