Tag Archives: short sales los angeles

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

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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

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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

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Short Sales No Longer on Shaky Terms

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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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

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Local Celebrity Should Consider a Short Sale

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

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

 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

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?

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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