reos: Fresno California Market Statistics - 10/14/08 12:56 PM
Here are the 24 hour market stats for the Fresno California Real Estate Market:
Its fairly a apparent from the stats (as in Price Reductions) that prices continue to decline but you have to understand that many of the listings with price reductions were WAY over priced to begin with and either the banks or the owners are just figuring it out.

Our monthly sales figures are improving.  As priced drop buyers continue to move into the market.  I just closed an escrow for a first time home buyer and have an offer out for another young couple seeking to … (0 comments)

reos: Short Sales cannot proceed unless Lenders cooperate with Buyers - 06/19/08 09:02 AM








Short Sales cannot proceed unless Lenders cooperate with Buyers
 
...and their agents. In a previous blog I gave an example of an offer that I made on behalf of an investor on a Short Sale. It was an ALL CASH OFFER that was rejected by the lender. A few months later after the home went through foreclosure the home was listed at LESS THAN THE CASH OFFER and probably went into escrow for substantially less than the list price. About 5 weeks ago I made another offer on a Short Sale and … (7 comments)

reos: American Crybabies - 05/01/08 07:00 PM
Here’s what’s wrong with America.
Watch this video about a couple who lost their home to foreclosure and are now living in a campground and tell me if you hear what I hear.
recap:
The gal says they walked into that home and said “…. we can get this for $265,000 - NO MONEY DOWN? OMG!!!”
I’m going to make an assumption here. I will assume that they did, in fact, purchase the home with NO MONEY DOWN. Given that they bought the home during the height of loose lending that means their investment may have been no more than just … (6 comments)