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Tricky Median Home Price…

June 17th, 2008 · No Comments

If you’ve read the latest figures of median home
price declines you are bound to draw the wrong
conclusions. Because media writers have no clue,
the statistics are in serious need of interpretation,
and the main stream press is trained to deliver
bad news because that’s what sells.
Need proof? Go read some of the comments that
are on mainstream real estate [...]

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Tags: REO · foreclosure · investing · market

Search California Bank Owned!

June 15th, 2008 · No Comments

Many properties are currently coming into our system that are bank owned. We actually get them BEFORE they hit the MLS. Sometimes we’re negotiating offers and closing deals long before anybody else even knows about the property…
Help us help you! If we know which property you’re looking to buy, we can approach our contacts specifically.
Do [...]

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Tags: REO · banking · foreclosure

Why Short Sales Don’t Work With Realtors, Follow-Up

April 26th, 2008 · No Comments

The NAR and several high-profile broker advisors agree with my assessment of the difficulties surrounding short sales that involve listing or buyer’s agents.
A NAR committee is pondering changes in disclosure guidelines.
Meanwhile, broker advisor Jonathan Goodman reveals telling advise in an interview with Mark Eibner:
Jonathan Goodman: “I advice my real estate broker clients that they do [...]

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Tags: REO · foreclosure · investing · lending · market · short sale

REO Inventory: Anekdotal Evidence

April 22nd, 2008 · 1 Comment

Here is a sign of a shift in the REO market dynamics.
I just got off the phone with one of my REO listing agents that are supplying me with deals, and she told me that her own listings have been bought up left and right over the past 2 months. In fact, she said, her [...]

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Tags: banking · foreclosure · investing · market

Bank-Owned Listings: The New “Market Value”?

April 17th, 2008 · 1 Comment

Shocking reports of a rapidly declining real estate market are hitting the wires every day now. And not only the main stream media have turned their flag with the wind.
“The information that this house is worth somewhere around $280,000 is still unknown to Zillow’s computers. It is still unknown to DataQuick. It is a shoe [...]

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Tags: auction · banking · foreclosure · market