Understanding the Housing Market

This email message came to me today from a client we closed escrow with in June 2010.  It is from a client that I've written about in the past that continues to send me unsavory reminders of a transaction, however successful, that they feel was ....... Well, you read it for yourself and decide.  ...

HALT !!! Did my buyers REALLY say that?   Wow!  Thank you so much for the resounding response.  I wanted to be sure that everyone knows that I’ve read each and every one of your posts however please forgive me if I do not respond on an individual basis as the count is now well over 300 posts with...

I have been selling real estate for over 20 years and during all those years I have never experienced a real estate closing that made me want to pick up my things and leave the profession forever, until now.   Is it due to the current economic times?  Does it have to do with the record high unem...

Many of you already are aware of the various rental scams going on throughout the southland and other blighted areas of the country were foreclosure has left vast amounts of vacant homes ready to be pounced on by predators posing as landlords. With as many vacant homes as homeless families out th...

How long can a home remain in foreclosure?  Is there a statute of limitations on the amount of time a lender has until they must refile a foreclosure action or can it go on indefinately?  I have a colleague who has his home in foreclosure with Bank of America for four years now.  I cannot locate ...

  I recently received an affidavit from the seller's bank, Ocwen, requiring both agents and both seller and buyer's signatures.  The affidavit contained these 4 affirmations: •1.        This is an "Arm's Length Transaction" and that no party to this contract is a family member, business associate...

I recently found this post on the internet asking if flipping short sales is a good opportunity.  After reading this it made me analyze the big picture here. _______________________________________________________________ If I can buy fully negotiated short sales directly from the agent/broker th...

  I certainly do not mean to offend my fellow Real Estate Professionals, but sometimes I can't help but wonder.   Recently at a continuing education class, I met a colleague who is new to the business and is now trying to acquire some investment property with her husband.  After a brief conversat...

I'm just sick and can't seem to find my way.   My client has a first and a HELOC with Bank of America.  The first is not short, only the HELOC by about $35,000.  Within 2 months we received our approval!  Buyers signed docs and put their remaining funds into escrow to close.  Bank of America decl...

I represent a seller who has a first and a second with B of A.  The second is a HELOC.  The file is hardly short but just short enough that we needed to request a debt relief on the HELOC. This file went very smoothly through Equator since we started it on January 19th.  By March 18th we had a co...