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Skip the Bailout; I Have a Better Idea
There has been much discussion about the big bailout.  But in case anyone with any influence is listening - I have an idea that could make a big contribution to our market recovery.  Just call anytime and I'll share my insight with you - from the trenches.  I'll be waiting for your call.
For the rest of you that might be curious about what I have in mind, I'll share with you some of what happened to me this week.  Brace yourself because I feel a rant coming on....
As I have said countless times on this blog, short sales are a HUGE factor that is driving our market prices and inventory in Orange County.  For example, 64% of the active homes on the market today in Rancho Santa Margarita, under $500,000, are short sales!  In Mission Viejo, 50% of homes active on the market today under $500,000 are short sales. 
These short sales have offers that have been submitted to banks and are just awaiting approval.  They may have multiple offers.  This is buyer demand that is waiting and the last thing we need in this market is pent up buyer demand waiting.
I'd like to share with you a story about ... more

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