transaction: Consumers: Are you considering a short sale?
- 03/12/08 09:16 AM
Many people are in the situation where their home is actually worth quite a bit less than what they purchased it for. When they bought the home, they were told that refinancing it would be no problem and that they did not have to worry about the bubble bursting in that particular market. This type of thinking is what is causing the foreclosure crisis throughout the Central Valley of California and other parts of the nation. Now that the President has passed a law eliminating the taxation of short sales as income, a short sale is a very viable option if … (4 comments)
transaction: Open Houses Can Work
- 02/28/08 01:31 AM
I have lately read quite a few posts on Active Rain that have said that it is not worth an agents time to do an open house. What are the benefits of doing an open house, besides to reassure the home owner that you are doing everything possible to sell their home? There are many, and I recently have had situations that make it all worth it. Two weeks ago I was doing an open house at a condo listing in Modesto and only had five or six people walk in that day. I got all their information, but one person really … (10 comments)
transaction: Death of a Title Company
- 01/04/08 03:00 PM
As many of you have heard Alliance Title Company has closed its doors in the Central Valley of California. It came as a shock to everyone including the thousands of people that it employed. Why is this such big news?, it was the largest company and handled a large amount of real estate transactions in this area, and it gave its employees and all real estate agents a one or two day notice before closing its doors. Did it disrupt business? Absolutely. Many transactions were disturbed and cancelled altogether as a result of this. The sad part is that I am sure … (3 comments)
Many people are in the situation where their home is actually worth quite a bit less than what they purchased it for. When they bought the home, they were told that refinancing it would be no problem and that they did not have to worry about the bubble bursting in that particular market. This type of thinking is what is causing the foreclosure crisis throughout the Central Valley of California and other parts of the nation. Now that the President has passed a law eliminating the taxation of short sales as income, a short sale is a very viable option if … (4 comments)
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