Noel's Blog

Real Estate Broker/Owner - J. Luis Properties, Inc.
For community information as well as just plain talk about the Real Estate market in general, check my blog. Better yet link it live.
I see more and more listings everyday that claim the short sale is approved by the lender. This is simply not true. Sure you can have a deal that was approved fall through, however this doesn't mean that the lender will except another offer for the same price by a different buyer. Case in point: ...
Not by along shot. Anyone who believes otherwise either has their head in the sand or works for NAR! It is common knowledge that when it becomes cheaper to own than to rent, then we will see the beginings of a recovery. In my neck of the woods, we're not there yet.  Example: A 3 bed 2 bath home g...
I have been coming across more and more homeowners who are in a quandary. They are not behind in their mortgage nor in any stage of foreclosure, yet they want to sell their home which has dropped in value and would end up being a short sale. Although more and more banks are accepting short sales ...
Not a short sale. Lowest Price in the subdivision. Enjoy resort style living in this executive home. Fully tiled first floor with laminate wood flooring in the great room. Granite counter tops, upgraded cabinets, upgraded baths, meticulous landscape and patio. You must see to appreciate this excl...
The National Association of Realtors concluded a survey in which people looking for real estate services were asked if they had a choice, would they prefer to have all their services under one roof. Amazingly the response was in favor of having all their services handled at the same location by s...
I don't know about any other Realtors, but I have been keeping pretty busy. While most agents around the country are struggling, I am doing pretty well. Grant it this isn't 2005, but I'll take it. You see I recognized early on that we would be in this situation (somewhere around 2005) and that th...
Usually whoever pays for the title search gets to choose the title company unless otherwise agreed upon. However, in effort to maintain control over the transaction sellers have been requiring buyers to use their title company. I have also seen banks feed the work to their subsidiaries by request...
Something I have been seeing more and more lately is sellers requiring the buyer to prequalify with their preferred lender as a condition to the offer, especially with REO (Bank Owned Properties) properties. The buyer is not required to use the lender but the seller wants the pre-qual letter to c...
Usually when clients call me regarding my services, they have missed a few payments and they are in various states of the foreclosure process. I will try to explain what can be done to avoid foreclosure.They are only a few options and here is a quick list:1. Reinstatement-This where the homeowner...
Back in March of 2007 I felt compelled to enter the foreclosure market because I quickly realized it would be the only market in my area and most of the country. I hate to say it but my predictions are coming to frutation and I am afraid this is only the beginning.I have put together this blog to...

Noel Padilla

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