Tag Archives: short sales

Don’t Bank On It: Banks Struggle to Sell Properties in Cali

This probably isn’t news to our devoted Orange County readers, but I’ll put it out there anyway, Mathew Padilla over at the OC Register’s Mortgage Insider is reporting “bank owned homes sell slowly on the coast.” He lists a few reasons for … Continue reading

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A New Wave of Short Sales Coming

There have been a lot of articles written lately about the coming wave of option ARM resets that are set to occur mostly between 2010-2012 (investment bank Credit Suisse has a detailed research report available for clients). The Option ARMs … Continue reading

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Current Orange County Market is a First Time Homebuyers’ Paradise

MSNBC spoke to the CEO of RealtyTrac, James Saccaccio, located in our own backyard of Irvine, California. What’d James have to say? “Sales activity appears to be increasing in some of these hard hit markets as home prices have fallen to levels that are … Continue reading

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Sluggish Market Spurred by Uptick in Home Improvement Stock

 In the optimistically titled article, “Wall Street throws a house party,” CNN reports that Lowe’s CEO, Robert Niblock, sees an end in sight to the housing decline,  “In recent weeks we have seen consumer confidence improve, housing turnover show signs of … Continue reading

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Breaking the Bank: Paving the Way for Shorter Short Sales

Real Estate agents, homeowners, buyers and communities across the nation just can’t make sense of it, if a short sale is more beneficial to everyone involved, including the banks, then why are foreclosures more prevalent in the marketplace? Trust me, the banks aren’t … Continue reading

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Down and Out in Beverly Hills… and Other Nice Areas Too

Think you can’t afford to buy in Beverly Hills, you may want to think again. There are some bargains in the MLS. And if you’re OK with a Beverly Hills PO within the City of Los Angeles, there are even more bargains available to you.
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Is Victoria Gotti Up for a Short Sale?

This is a Gotti awful mess.  The mafia princess, Victoria Gotti will need to downsize from her palatial 6-acre spread in Long Island.  According to the NY Post, the Brooklyn Appellate Court has ruled against Gotti to begin foreclosure protocol … Continue reading

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Real Estate Market Poised For Bounce Back ?

Fortune Magazine isn’t the first to say it, but they may be the most reliable. In an article posted in the “Fortune Investor Daily” section of their website Friday, May 8, Fortune reported that now is the time to start reinvesting in homebuilder stocks, … Continue reading

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Short Sales – Know Before You Go

Everybody loves a bargain. That’s why a lot of home shoppers in Los Angeles and Orange Counties are looking at short sales as a way to get into neighborhoods that they could only dream about a year ago. But there … Continue reading

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Holding Back the Short Sale Tide

  VisionVictory/YouTube.com You’d think, with the way so many people blow their horns over layoff’s here and bailout’s there, that this came as a big surprise. Well, when have the car companies in Detroit NOT needed a bailout from their crappy retro designs … Continue reading

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