short sales: The 2014 Disappearing Distressed Market - 03/14/14 08:24 AM
The 2014 Disappearing Distressed Market
I'll never forget the weekly office meeting in 2007 when my first short sale emerged and all of the more experienced agents in the office who had dealt with short sales in past markets began to cringe and brace themselves for impact.  All I could say was, "what is a short sale?"  I was 5 years into my career at the time and I thought I had a lot of deals under my belt and considered myself experienced yet had never heard the term short sale. So from that day on up until recently, my business grew … (3 comments)

short sales: Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure 0 - 02/22/12 03:36 PM
Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure 0THIS NEWS IS MUSIC TO A REALTOR'S EARS!!!
To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process.

Senators Lisa Murkowski (R-Alaska), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a real estate transaction where the homeowner sells the property for less than the unpaid balance with the lender’s approval.
“There are neighborhoods across the country … (5 comments)

short sales: Is this a Bipolar Real Estate Market? - 09/29/11 08:39 PM
I find it amazing how black & white the current real estate market is in Los Angeles. In recent months foreign and local investors have poured mass amounts of money into the Luxury Market with closings such as the $80 Million dollar "Spelling Manor" to the 22yr old Formula One heiress and luxury homes across LA county receiving an increase in showings and multiple offers once again offering a sense of the recent recession moving into days past.
YET.....Just a few short miles away from any trendy LA botuique area with luxury homes selling in today's market, there is another … (4 comments)