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foreclosures: Foreclosures Continue to Hurt Market - 02/02/12 06:35 PM
http://www.latimes.com/business/realestate/la-fi-home-prices-20120201,0,3287200.story
… (0 comments)

foreclosures: Shadow Inventory: Luckily Here it comes - 08/24/11 05:25 PM
http://kcmblog.com/2011/08/24/shadow-inventory-luckily-here-it-comes/#more-8842
… (0 comments)

foreclosures: How will your neighborhood be affected? - 05/09/11 06:49 PM
http://kcmblog.com/2011/05/09/shedding-a-little-light-on-shadow-inventory/#more-7958
… (1 comments)

foreclosures: The impact forclosures have on house prices - 03/17/11 02:01 PM
http://kcmblog.com/2011/03/16/the-impact-foreclosures-have-on-house-prices/#more-7481
… (1 comments)

foreclosures: Villa Park California Update on Real Estate October 2010-Record Sales-92861 - 10/28/10 06:49 PM
 

The Giacobbi Groups Update on Real Estate Villa Park California92861, October 28,2010
A RECORD NUMBER OF SALES THIS YEAR TO DATE! 
This year in the city of Villa Park we have had a record number of sales.  To date, October 13, 2010, 64 properties are either in escrow or have closed.   See how this compares to 2009 and 2008.  One factor has remained steady-the number of distress sales-either short sales or bank owned (REO properties) holding at approximately 33% both last year and this year.  
2010:  Total of 64 properties in escrow or closed:
Back Up :   9 properties, … (0 comments)

foreclosures: Foreclosure Freeze - 10/22/10 05:23 PM
What's going to happen with the foreclosure freeze and should I wait to buy?  Gary P.
Hi Gary,
There are several things to consider, and here are just a few.
Right now, with the freeze, there may be a little less inventory to choose from.  Some experts have even thought that we'll have a little upward blip in pricing because there will be fewer houses to choose from and fewer distress sales on the market. 
 
Most people think that if this fiasco takes too long to sort out, (there could be significant litigation)  that the housing recovery will be prolonged … (0 comments)

foreclosures: What is Going on with Foreclosures? - 10/30/09 12:27 PM
According to recent announcements by the U.S. Treasury Department and other lender tracking institutes, another wave of foreclosures is on the way in 2010. For over a year, now, we've been digesting foreclosures and distressed properties and it looks like we'll all be doing it for another year or so. It's too large a market segment to ignore: in some parts of the country, distressed properties account for about 65% of sales these days.  In our market, below $500,000, foreclosures are selling at 103% of the listed price. 
 
The foreclosure craze breaks down to this -everyone wants a bargain.   … (0 comments)

foreclosures: What Real Estate Changes to Expect! - 10/16/09 12:36 PM
I've heard that the real estate market has really changed and will continue to change, what are some of the things I can expect?
 
Wow!  What a question!  Here are just a few important items or trends to be aware of:
 
This year first time buyers drove the market.  With the $8,000 tax credit offered to first-time purchasers, and low interest rates, mortgage applications soared.  Right now-this week, interest rates are being quoted (for good credit) at 4.5-4.75 %--phenomenal rates! 
The change:  The $8,000 tax credit goes away the 30th of November, and it's doubtful if anyone can take … (4 comments)

 
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Lesslie Giacobbi

Villa Park, CA

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Seven Gables Real Estate

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