Do you or your clients have a "Home Equity Line of Credit" (HELOC)? As national house prices continue to decline from the heady records reached during the housing boom, Banks have tightened their lending criteria for new loans. That is a good thing, within reason. Buyers can no longer purchase ho
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08/06/2008
This past weekend I wrote a Blog about "Bank owned properties - Trying to get an offer considered". Several comments from other Realtors confirmed the frustrations I was experiencing in trying to close a deal on a bank owned property. So I decided to determine exactly why the Listing Agent for th
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08/04/2008
A repeat client of mine wants to buy another property in Los Angeles. Since there are a number of Bank owned properties on the market we decided to specifically view these type of Listings. After viewing several houses we finally found one, that although was in a grossly neglected condition with
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08/03/2008
JULY 2008 CONDOS: () Previous Month Figures Median Price: $421,000 ($585,000) Average Selling Price: $508,928 ($657,400) Average List Price: $533,604 ($687,343) Therefore, Average Sales Price was 95.3% (95.6%) of List Price Lowest Price Condo Sold: $270,000 ($375,000) Highest Price Condo Sold:
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08/01/2008