A Funny World (5): Your Meat is Their Poison - 11/30/07 01:36 PM
Why have Banks decided to stop responding to offers in regards to a "Short Sale" ?! updated on 11-30-07 13:30 Gee! My fellow agents,What you guys expect from a conservative employee in a financial bureaucracy? Why they took the 9-5 job? They want to be a nut or bolt in a machine. … (2 comments)
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Great to Have Such a Great Economist at Yale?!!!!! - 11/29/07 07:04 AM
Home prices take steeper downturnMedian or Average Housing Price: Totally Junk To a REO Investor (I) I read the CNNmoney report above right after Dr. Shiller has his press release conference. It is very hard for me to accept that Shiller Index is the most reliable vehicle to judge the trend of … (1 comments)
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A Funny World (4): You Be the Judge? Where is the Real Judge? - 11/28/07 09:00 PM
You Be the Judge - Real Estate Killeen TX November 28, 2007Hi! Mary Ann:I read your post that is 3 month old. Maybe you have an answer already.I am just wondering how come nobody responds to your post as mine.My answer is this: Let it go as the buyer wants. Why? … (0 comments)
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What You Know About Money? - 11/27/07 11:02 PM
What's money?
Good question. In ancient times, our ancestors have NO money at all so that they did a barter trade (New York Times has a very good hard copy entitled "Money." It tells us how the money was created and its evolution with good pics.) Did they survive? You bet, or … (1 comments)
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A Funny World (3): No Money, NO Honey? Are You Sure? - 11/26/07 05:32 PM
Please go check my post to better understand this post: So Easy to Get a Subprime Loan Now. Really? 11-26-07 16:30Just got back from my banks and tried to share you guys with some funny things happen today again. But phone rang. Now I got off 1 hour phone conversation with my partner in Los … (0 comments)
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A Funny World (2): At Norm, but Not in Their Home - 11/26/07 10:54 AM
At Home, but Not in Their OwnThe above report by Nancy Trejos, Washington Post intriqued me to come up this article.My first penny is: Gee! She is so great a reporter to reflect the minds of our society. Almost everyone in the article thinks normally. Quite normal in the normal world. Well, … (0 comments)
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A Funny World (1): Holly See or Holly Shit? - 11/24/07 01:07 PM
Are You A Real Estate Contrarian Investor? Governor Schwarzenegger Lobbies Congress for California Homebuyer Assistance ****** ******* *******I admit that I am a book warm. I read a lot of enlightening articles every day. So many articles inspired me so much yesterday that I would like to write an article entitled: "From K to … (2 comments)
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American Poor Folk's Egold Is Up - 11/23/07 01:12 PM
I got into AR two weeks ago. I have a lot of fun. But there is something missing: excitement for challenges!So I decide to start a new group: APFE. Here, I invite everybody who dare to have a big dream even he or she is cash-poored. No person shall be treated … (3 comments)
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A Real Case (III): No Upset Housing in Some Areas of Southern California? - 11/23/07 09:10 AM
Nov. 23, 2007 09:00A Real Case: Who cares about Average Price or Median Price! (I) Just got an email alert informing me a new REO listing up in San Gabriel, CA, 30 minutes ago.Here is the REO listing Info at the free website: My rough analysis:1. Very HOT area: The area is not … (0 comments)
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So Easy to Get a Subprime Loan Now. Really? - 11/22/07 02:25 PM
How low an interest rate you can get for a real estate loan? As an agent, you will love to use "at market available rate". If a buyer insists on putting 3.99% fixed for its life time into a purchase contract, you will say he or she is not a serious buyer, not reasonable … (1 comments)
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Who and What's Mr. B: Brilliant or Bullshit? - 11/21/07 10:22 AM
Are we facing the worst home foreclosures in the history of the USA housing market? This is very serious, experts are saying next year will be worse, but in reality I believe 09-2010 will be even worse. I honestly believe the experts are deliberate in forcasting the real estate problem, they dont … (5 comments)
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Deal or No Deal? It really depends. - 11/20/07 05:26 PM
And in the long run, do you want the "best deal" out there, or do you want a home that you love and can live in for a while? There are deals out there but you have to decide if that's what you want to settle on, or if $5,000, $10,000 … (1 comments)
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More Housing or Mortgage Regulations Won't Resolve Problems - 11/20/07 11:40 AM
There is always a price for your freedom. Working as a slave, you labor yourself and are uder care of your master. It seems nothing to worry for a slave: have food on table and a roof over head, even it is not so good. That's an easy and lazy life I love. … (1 comments)
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Southern Californian Housing Drown Fast! - 11/17/07 10:52 AM
At 10:40 11/17/07A vital revised version of comment on A Real Case: Who cares about Average Price or Median Price! (II)Sorry, my fellow agent. I made a big mistake. The unit #162 is a new listing with no pic shown. It is possible not the one mentioned in the article. So I … (3 comments)
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A Real Case: Who cares about Average Price or Median Price! (II) - 11/16/07 04:59 PM
A Real Case: Who cares about Average Price or Median Price! (I) To my dear fellow agents:40% down to the drain??? That's incredible! You don't believe it? Is it already so bad for the condo market in some cities of LA or Orange county?Yes, you do believe in the stats made out of NAR. … (2 comments)
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Can we close a RE deal in hours or shorter? - 11/16/07 08:20 AM
How short you need to close a sale in RE?I am NOT talking about a short sale. Everybody talks about it recently as it was so popular in mid-1990. How short of sales fund you can create in obtaing a loan forgiveness from a lender to a home owner in order to successfully close a short sale? That's something involve … (3 comments)
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Too Risky to Take Possesion of RE Purchase on Different Day Escrow Is Closed - 11/15/07 04:42 PM
http://activerain.com/action/question/view_question_consumer?question_id=4068 Q. While in my car listening to a talk show station, topic being Real Estate a home buyer asked by agreeing in the counter offer from the seller to let them remain in the property for thirty days, is there a chance that the buyers will have trouble if the sellers … (2 comments)
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A Real Case: Who cares about Average Price or Median Price! (I) - 11/15/07 10:28 AM
http://activerain.com/blogsview/272766/Median-or-Average-Housing post on 10:22 11-14-07At 09:25 11-14-07, I received an email informing me a new list REO in West Covina, CA. That's about 10 minutes ago. Now use my formula. Here is what I came up to the REAL TIME situation as to the property. The email notice:2) the recent sale (s) in … (7 comments)
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What's Zero Down? Do It "Negative Down" all the time and Do It Better, Please - 11/14/07 07:15 PM
http://activerain.com/blogsview/269781/My-observation-at-Texas This is a revised version of my post in LA Times a week ago. I just got back from a Texas county property tax sale. The game rule is totally different from California. Great game to play here if you have patience.At least there are a lot of properties up on auction … (2 comments)
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Median or Average Housing Price: Totally Junk To a REO Investor (I) - 11/13/07 08:09 PM
Question 1:http://homes.wsj.com/columnists/housetalk/20060512-fletcher.html?refresh=onWhy is it so hard to get good data on housing-market prices? Are there no reliable indexes? I disagree that Realtors will help much -- even for information on price cuts in your target neighborhood. Most Realtors just want to sell houses, and "now" is always the best time to buy; … (5 comments)
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What an agent's life is: incredible? Is it the life you want? - 11/13/07 08:59 AM
This is a updated version of my response to 2 advice given by Fred Sands to a RE agent in LA Times: http://latimesblogs.latimes.com/laland/2007/11/realtors-get-wa.html?cid=88986808Out of my 20 year experience in RE, including being an owner of my brokerage (or vice CEO in one of 400+ agents at a time) and partner/ owner of one largest appraisal firms in LA, I know the reality … (2 comments)
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Want to be normal? I'd rather be the driver - 11/12/07 11:14 AM
QuestionCFC's management of REOhttp://activerain.com/blogsview/229672/Anybody-hear-about-Countrywide****** ******* ********My response:What's normal? Different kind of ball game, different rule. Who's the boss setting the rule of game?Dealing with REO, I make up my mind: Always, always, I am the driver behind the wheel. It is a normal and reasonable assumption based on a vital fact that … (1 comments)
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Normal risk turn in normal reward, Normal people end up with normal life. - 11/12/07 12:30 AM
Q. I have noticed that all the REO and short sale homes have asking prices that are on the high end of market value. How long before the deals start showing up? I really want to buy again but based on the median household income the prices will need to come … (0 comments)
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Foreclosure Outcome in TD States (Not for Mortgage State) - 11/11/07 10:19 PM
Q. The property is in California. After a foreclosure, Can the 2nd deed of trust to still collect the on the loan? Can the 2nd demand repayment of the loan by collecting from the borrower's personal assets or business? *********** ************ ************My two Response:(1)If after foreclosure, there is no one making … (0 comments)
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How Low California Housing Can Go? Buy or Rent? Act or Idle?????? - 11/11/07 03:37 PM
Your Question, http://activerain.com/action/question/view_question_consumer?question_id=4212I own a condo in West Hollywood. I've got it for a fair price a few years ago....with a down payment and a normal loan. However, it appears that I will need a bigger place within the next 1-2 years or sooner. I can move up....but only to a … (2 comments)
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My observation at Texas county tax sale - 11/11/07 11:28 AM
11-06-07I went to a county property tax sale auction with 3 potentials, out of about 25 properties being auctioned.It is a sudden colder day. Only about 60 people show up at the auction. About 15 people left after 2/3 properties are withdrawn. Now I have only 2 to bid. Here in Texas, average people … (1 comments)
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