property: What is REO?
- 05/07/08 04:23 PM
What is REO? Here's one for the longtail and a sort of WIKI entry to my BLOG!!!In any business it is hard not to slip into the industry vernacular and forget that our audience may not really be following. REO is an acronym for Real Estate Owned. Here in Simi Valley and Moorpark an REO property falls under the California process of foreclosure. California is a Trust Deed state. The term mortgage is a more universal term like Kleenex or Xerox for Californians. When a person borrows money against a property the Loan is made and secured against the property with an … (2 comments)
property: Five reasons why to buy a home now in Simi Valley and Moorpark
- 04/22/08 09:03 AM
5 reasons to buy now Simi Valley and Moorpark Real Estate - Home Sales. Should buyers wait or buy now? The following reasons indicate that a wait and see approach might not work out in the long run. Timing the market cycles for absolute high and low points is about the same as playing roulette.
1. Interest Rates are Low. In looking at the boom between 2003 and 2005 it is clear that an interest rate base has been established above 5%.
Table Data 2008 Ted Mackel 2. A price drop over the next 12 months may … (2 comments)
What is REO? Here's one for the longtail and a sort of WIKI entry to my BLOG!!!In any business it is hard not to slip into the industry vernacular and forget that our audience may not really be following. REO is an acronym for Real Estate Owned. Here in Simi Valley and Moorpark an REO property falls under the California process of foreclosure. California is a Trust Deed state. The term mortgage is a more universal term like Kleenex or Xerox for Californians. When a person borrows money against a property the Loan is made and secured against the property with an … (2 comments)
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