Sky's Blog

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Real Estate Agent - Sky Minor Real Estate
RECENT BLOG POSTS
For those courageous enough to see the future withoutrose tinted eyewear.Okay, I’m going to do something I normally avoid; I’m going out on a limb and publicize my housing predictions for 2010. While I occasionally discuss general trends and opinions about the market, I think it’s important for a...
09/21/2009
Northeast LA Real estate data borrowerd from Keith.Real Estate Market Report Northeast Los Angeles          May, 2009 Atwater Village, Eagle Rock, Glassell Park, Highland Park, and Mount Washington Market Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced ...
07/29/2009
I have always thought that Americans are simply crazy about consuming. As a country, we buy so much crap that we don't need. I have been rallying about this for decades but no one really paid attention until the last two years and our collective national belt-tightening began. Now it seems my cou...
07/27/2009
So everyone out there writing offers on REO knows the frustration that comes from dealing with the banks on the REO properties. Here in L.A. these banks are underpricing their listings to get 40 offers on it then sending counter offers to the top five at their own pace, totally ignoring the contr...
07/14/2009
First go here: http://www.inman.com/buyers-sellers/columnists/jackguttentag/helping-borrowers-who-dont-deserve-it?page=0,1 Jack Guttentag (yes, his last name means "Good Morning" in German), who is a professor at the uber-prestigious Wharton school of Finance, has what I perceived as a liberal ta...
06/07/2009
Another angry realtor getting stiffed by a bank on a short sale: loss mitigator Samantha Mai has just cost her company AHMSI $89000. I have a contract on a property in the Valley that was a short sale. The contract price was $319000. The bank agreed to sell it to them. Samantha Mai was the assign...
06/01/2009
What goes down must come up. It seems to me that the East Side Los Angeles market is heating up in equal proportion with the summer weather. I've written 8 offers in the last 10 days for 8 different buyers on 8 different properties and not one of them has yet been countered or denied or even res...
04/30/2009
  Here's the quick and dirty mortgage qualifier from Sky Minor, mortgage master. (patent pending)1. Most importantly, Have a credit score of at least 580.2. Take your household's gross annual salary or taxed income and divide it by 12 to get your monthly income.3. Take 1/3 of that monthly income ...
02/10/2009
LUCY IM HOME!! This topic was wonderfully brought up by Dan Green, esteemed mortgage humorist. He basically said that with mortgage interest rates at 2004 levels, people are scrambling to refinance their mortgages even with tightened underwriting guidelines. Since 90% of mortgage companies are ei...
12/07/2008
Rainer
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