The goal seemed simple enough. Provide more opportunities for people to own a home. After all, home ownership helps stabilize neighborhood values and contributes to the growth of the overall economy. Home ownership is the cornerstone of the American capitalistic system; it symbolizes freedom and our right to vote. Its foundation can be traced to our Constitution and Bill of Rights. The freedom of speech, religion, and assembly, the protection against quartering of troops, protection from … [Read more...]
Different Expectations of Buyers and Sellers
March 2, 2008 By 1 Comment
There is so much information available in the media regarding the real estate market. Its very difficult to open the paper or turn on the local or network news and not receive some information regarding the housing market. What is so fascinating is how the data is being interpreted. How the information is being digested depends on one thing. Are you a buyer or a seller? People may tend to view and absorb information from a single perspective. How does it impact them and what does it mean for … [Read more...]
Anatomy of a Short Sale – Will Someone Make a Decision?
January 6, 2008 By 3 Comments
When a property owner becomes delinquent in their house payments they can attempt what is known as a short sale. A short sale indicates that the proceeds of the sale will not cover the debt on the house, indicating the lender will be taking a loss. The question then becomes how much loss is a lender willing to accept? Or is the lender likely to make more money by allowing the house to be foreclosed on and take it to auction? Negative Equity If a home was purchased in the last couple of years, … [Read more...]
Why the Writers Strike is Like the Real Estate Market
December 19, 2007 By Leave a Comment
Items in the news these days and close to the hearts of Southern Californian's are the status of the real estate market and what is going on in Hollywood with the writers strike. How could these two seemingly different issues be linked together? How could they possibly have anything in common? Well as you will see they do share many similarities, probably some you would never have thought of. No End In Sight- seems as if the studios and writers can't agree on anything and the forecast for … [Read more...]
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