buyers: What Buyers & Many Real Estate Agents Do Not Know about Distressed Property - 06/29/10 01:17 PM
The text below is from a job posting that was just blurted out over Twitter in my area.  BofA has facilities here so it is most likely a position up there.  I have bolded several items of interest so you can see what a mess this whole Short Sale - Foreclosure market is.
Managing a portfolio of approximately 400 loans from referral through to sale of property.  This is a full time position from 8am-5pm. Would prefer someone with foreclosure and/or mortgage experience however it is not required as we are willing to train. Must be proficient in Microsoft Office, especially … (6 comments)

buyers: Simi Valley March 2010 Home Sales Dropped 10% in the total Number of Homes Sold - 04/03/10 08:41 AM
Simi Valley March 2010 home sales dropped 10% in the total number of homes sold  over a year ago March. This is the continuation of the 3 month decline since December 2009.  This is not completely unusual as the first quarter trends slower in sales volume historically. Separating out the single-family detached from attached sales, the detached homes suffered an 18% drop while the attached (condos) gained. Additionally inventory is creeping up, as in 2009 the average total active detached homes were approximately 160 to 170 units compared to approximately 220 units currently. Looking closer at what is on the market … (0 comments)

buyers: Understanding The Short Sale Process From A Seller's Perspective - 11/10/09 03:43 PM
I just posted up on my homebuysblog.com website, information for sellers so they can better understand the short sale process.
What is a short sale and can I sell my house short?
Additionally, as a buyer the information is very useful so you can better understand some of the issues that sellers have to work through in the short sale process.
In Simi Valley, only about 10% to 12% of all houses listed as short sales close escrow. For single-family detached homes in Simi Valley, we are averaging about 80 closings a month. If you look at huge number of escrows … (2 comments)

buyers: Simi Valley Market Update YTD through August 2009 - 09/24/09 05:56 PM
Simi Valley Market Update YTD through August 2009
More of the same.  Sluggish Simi Valley Market results still lag behind last year.  The only thing keeping this market alive is the Low Inventory, Low Interest Rates and the $8,000 tax credit which is about to expire.  Unemployment for California is expected to peak in December at over 12%.  No matter how hard the government, my industry or the news wants to cheerlead us out of the slump and recession, we still have a way to go.  Once some real reliable stabilization appears, it will still be a long - almost flat … (0 comments)

buyers: Simi Valley Moorpark Sales figures YTD 11-30-08 - 12/20/08 04:18 AM
Every month I post the YTD Home Sales numbers for Simi Valley on my blog at http://www.homebuysblog.com.  The encouraging news is that volume is up from last year, inventory is shrinking, however sellers are still frustrated by declining prices and  patient/methodical buyers.  Struggles ahead include unemployment that is over 8% for California, our current state budget is a disaster and that our own State Assembly/State Senators tried to sneak all kinds of new taxes (disguised as fees) into new legislation.  The climate for a recovery has not arrived.
If you you think I have a bearish outlook for Simi Valley Real … (0 comments)

buyers: Home Inspection Nightmares! - 03/23/08 07:03 AM
home Inspection I promise not to completely trash the home inspection industry, but I think it is very important that everyone understand that there is NO REGULATION on this industry.  If I want to be a home inspector: I can have business cards printed up and some letterhead, Buy a few basic tools, a clipboard and I am good to go. If I have a few bucks to fund this experiment, then I can buy all the inspection forms online and look a little more professional.   If I decide to really make this a business, then I can sign up … (11 comments)