Tag Archives: short sales

Short Sales No Longer on Shaky Terms

Posted on June 26, 2009 by Minda Reves

We reported it here first folks, short sales will work if you have the right agent and the right paperwork in place. Now, the OC Register is switching its once gloomy short sale song for brighter notes, one savvy OC realtor, said of … Continue reading →

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Local Celebrity Should Consider a Short Sale

Posted on June 16, 2009 by Minda Reves

You may recognize her from around town or you may recognize Jeana Keough from Bravo’s hit TV show “The Real Housewives of Orange County.” The New York Post’s gossip blog is spilling secrets; according to them she has four homes in Coto … Continue reading →

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California at the Forefront of Foreclosures

Posted on June 12, 2009 by Minda Reves

Just read this little nugget over at CNNMoney.com, “The foreclosure problem is widespread but reaches plague proportions in 10 states; those hardest-hit areas account for 77% of all foreclosure filings. California had more than any other state with 92,249 – nearly 29% of … Continue reading →

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Over/Under: The Housing Game

Posted on June 10, 2009 by Minda Reves

 Les Christie, at CNNMoney.com wrote an interesting article, “Most over- and under-valued housing markets” discussing why investors are returning to the real estate market, “Home price declines have sent affordability soaring. Prices have fallen so far that the average U.S. home is now undervalued … Continue reading →

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Realtors Are On Our Side

Posted on June 9, 2009 by Minda Reves

Last Thursday the California Association of Realtors met in Sacramento, CA. CAR Executive Vice President, Joel Singer, rallied his downtrodden troops, “In a sense, what has occurred is probably in our best interest.” The California house price median drop from nearly $600,000 to … Continue reading →

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Will Future Loan Mod Defaults Increase Short Sale Supply?

Posted on June 5, 2009 by ShortSense

A new study by Fitch Ratings predicts that 55-65% of home loans getting modified will end up at least 60 days behind within a year. The percentage is even higher for those in subprimes with 60-day delinquencies predicted at 65-75%, reports … Continue reading →

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November 30th Deadline Spurs Pending Home Sales

Posted on June 4, 2009 by Minda Reves

The breaking news in real estate is that pending home sales are up and have been for the past three months!  Why? Lawrence Yun, Chief NAR Economist, has the answer, “Housing affordability conditions have been at historic highs, but now the $8,000 first-time … Continue reading →

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No Need to Live ‘House Poor’ to Land a Luxury Property in the OC

Posted on June 3, 2009 by Minda Reves

Yesterday’s news that first-time homebuyers can take immediate advantage of the $8,000 HUD tax credit for use towards their down payment and closing costs may have you eager to join other SoCal residents in getting more house for their money by entering … Continue reading →

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What the Glink Are You Talking About?

Posted on May 29, 2009 by Minda Reves

Ilyce Glink over on ’s MoneyWatch.com blog is bellyaching that home prices are still falling. While, this is not the best news, it has increased affordability and made it possible for many young families to buy their first homes. In these tough times, … Continue reading →

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Short Sale and Foreclosure “Homes Almost 20% Cheaper”

Posted on May 26, 2009 by Minda Reves

The reports are in and CNNMoney.com has this to say about the first quarter of 2009’s housing market, “the S&P/Case-Shiller National Home Price index, a bellwether of real-estate market direction, plunged a record 19.1% during the quarter compared with the first three months … Continue reading →

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