Category Archives: Luxury Short Sales

Mortgages in Default Increase Sharply in California

According to First American CoreLogic, Inc., 9.5% of California mortgages in May were in default, up sharply from 5.8% in May 2008.  This will ultimately result in more foreclosures, short sales and bank owned properties coming on the market, assuming … Continue reading

Posted in Luxury Short Sales | Tagged , , , , | Leave a comment

SoCal High End Home Market Begins to Sizzle

The high-end home market picked up enough to give the overall median home price in SoCal a 1% increase—I guess not everyone’s losing their job! John Walsh, MDA DataQuick president, told the L.A. Times, “As more sellers get realistic, more buyers get … Continue reading

Posted in Luxury Short Sales | Tagged , , , , , | Leave a comment