Tag Archives: los angeles short sales

Don’t Believe the Hype on June Home Sales Increase

Today the NAR came out with a report showing that the volume of home sales in many parts of the country is up.  This has lead many in the media to declare that the housing market has hit a bottom … Continue reading

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Walking Away From Mortgage is a Strategic Decision for Many Homeowners

There was a report out last week, as reported by Kenneth Harney at the LA Times, that revealed some not-so-surprising information on why people walkout on their mortgage; about 26% see it as a strategic business decision. Among the study’s … Continue reading

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Is a Short Sale the Answer for Lenny Dykstra?

CNBC reporter, Jane Wells sat down with “Nails” this week at his Sherwood Country Club estate to discuss his recent Chapter 11 bankruptcy filing.  Lenny bought the estate two years ago from “The Great One”, Mr. Wayne Gretzky, with a … Continue reading

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Obama Calls for Loan Servicers to Beat the Dead Horse Harder

According to a report this morning by Ruth Simon at the WSJ, The Obama administration is urging loan servicers to up the ante on their loan modification efforts.  Treasury Secretary Geithner and HUD Secretary Donovan sent a letter out to … Continue reading

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Los Angeles Leads the Nation in Mortgage Fraud

Peter Hong of LA Land recently posted on an FBI report that Los Angeles leads the nation in mortgage fraud – and not by a small margin either: The Los Angeles field office received 9,971 “suspicious activity reports” in 2008; second-place … Continue reading

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OC Home Prices Stop Plummeting

“Home prices continued to tumble in April, falling 18.1% from a year earlier — but the change from March narrowed sharply, indicating that housing markets may be starting to turn.” That little burst of sunshine is from CNNMoney.com. But they’re also quick … Continue reading

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Echo Boomers: Time to Kiss Your Mommies and Your Roomies Good-Bye!

The first time we ever heard the term “echo boomer” was today over at CNNMoney.com. The term refers to “the 75 million Americans born between 1979 and 1995.”  The demand in housing will swell dramatically over the next decade to house all … Continue reading

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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

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Incoming Foreclosures Delayed

 Not so fast California!  Lenders are trying to buy more time by delaying foreclosures. But the inevitable will happen and the backlog will eventually hit the market, check out these handy stats from the L.A. Land blog by the L.A. … Continue reading

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Tempting Talega on the Short Sale Slate

Talega is a newish master community down in San Clemente, described as “situated on 3,500 acres just up the hill from the Pacific Ocean, offers a classic beachtown lifestyle perfect for families.” Another reason it’s perfect for families?  Almost 43% of Talega’s … Continue reading

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