california real estate: Sizzling Summer Real Estate in Walnut Creek, CA
- 06/25/09 09:43 AM
Loan Modification… If You Can’t Take the Heat…Many of you have asked me about loan modification services. Last week, I attended a risk management seminar with Shannon B Jones (http://www.calrealestatelaw.com/profiles.html) , one of the best real estate attorneys in CA. Her perspective is that the loan mod business is in its infancy in 2009, comparable to where short sales were in 2008 and REO sales were in 2006. That means that every lender has its own rules, there is little oversight, and there is little predictability to how a modification will be handled. This is particularly true in cases with a … (0 comments)
california real estate: Is NOW a Good Time to Sell?
- 01/30/09 08:18 AM
People sell because they want to live somewhere else, they need a home that functions differently, or they need to cash out equity. They often have a general idea of how they want to price their property, either because of what they owe or because they’ve been tracking sales in the area. At this point, it’s time to call me, the Realtor. Being a Realtor means you are responsible for doing the reality check. Before going to the property, I get a handle on the sellers’ financial position, and I work out a net sheet based on comparable sales in the … (0 comments)
california real estate: All’s Fair in Love and Real Estate
- 01/03/09 04:46 AM
At a recent open house, I had an encounter that seems to be typical of the current market. I greeted a visitor with my standard question, “Are you thinking about buying a house today?” And the potential buyer replied with what I also recognize as a current market standard. She said, “I am. But only if I can find a deal.” No surprises there, right? Buyers are taking their turn sweating out the sellers, lurking around waiting for that next price reduction. Buyers say to me with a knowing wink, “How long has this been on the market?” as if … (3 comments)
Loan Modification… If You Can’t Take the Heat…Many of you have asked me about loan modification services. Last week, I attended a risk management seminar with Shannon B Jones (http://www.calrealestatelaw.com/profiles.html) , one of the best real estate attorneys in CA. Her perspective is that the loan mod business is in its infancy in 2009, comparable to where short sales were in 2008 and REO sales were in 2006. That means that every lender has its own rules, there is little oversight, and there is little predictability to how a modification will be handled. This is particularly true in cases with a … (0 comments)
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