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- High home prices making 1 out of 3 homes unaffordable. Prefab homes may be a viable option
- Home prices continue to increase, industry experts optimistic
- Mortgage Cram-downs will Cost Hard-Working Americans
- Don’t Believe the Hype on June Home Sales Increase
- New Federal Home Loan Rules are too Much of a Good Thing
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Tag Archives: luxury short sales
Mortgage Cram-downs will Cost Hard-Working Americans
It seems that some people in Washington are starting to realize what we in the mortgage business have known for a long time – loan modifications don’t work. Jim Puzzanghera reports in the LA Times this morning that: Federal programs aimed … Continue reading
Posted in Mortgages
Tagged cram downs, Feinstein, loan modifications, luxury reos, luxury short sales
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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
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
Posted in Mortgages
Tagged Frank, Greenspan, Kenneth Harney, los angeles short sales, luxury short sales, mortgage default
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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
Get Ready for Late Summer Deals on Short Sale Homes
A recent article by Don Lee in the LA Times titled Another wave of foreclosures is poised to strike highlights the wave of foreclosures that is likely to start breaking onshore by late summer. He cites that the most of … Continue reading
What Does the Moratorium Mean for Orange County?
The OC Register asks, “Will the moratorium ending impact south coastal O.C. in any way?” The 90-Day Moratorium was pushed into law by the state of California to help slow the flood of foreclosures hitting the market and encourage lenders to work … Continue reading
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
Should I Do a Short Sale of My Home? eBook is Bogus
Hello, we are in a recession. Most people seeking out a short sale don’t need an eBook they need an eRescue! And any savvy homeowner knows the right realtor is what really makes the difference. Heck, even the supposed Orange County authors … Continue reading
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
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