Best Side Of The West Side

Today I want to talk about what you should expect when working with your bank on a short sale. One of the most common questions I usually get when speaking with potential clients is always about how much money the bank will want; or if the bank will accept  the difference between what their home [...]

Most of the time, when people talk to you about short sales, you hear that the homeowner cannot walk away from closing with any money in their pocket. That is somewhat true in most short sales. However, there is a short sale program developed by the federal government called a HAFA short sale, which provides [...]

Have you ever wondered how you can qualify for a short sale? Are you behind on your mortgage? Do you currently owe more than what your house is worth? Do you need a solution to your financial troubles? Now, I will discuss with you how one goes about qualifying for a short sale. If you [...]

What I am seeing more and more often in my short sale transactions is homeowners with two loans on the property. The 2ndloan is usually either a Home Equity Line of Credit (HELOC) or a second loan for 10-20% of the original purchase. The trend with the second lienholder, in either scenario is a demand [...]

I’m still on my Short Sale Soap Box Then there’s the short sale BPO (Broker Price Opinion) process. The banks are of the belief that an out-of-area real estate agent who is willing to consume hours of their time to drive 60 miles to take photos, develop a market analysis that declares market value and turn [...]

Ah…the World of Short Sales is fraught with problems. As I write this, I think to myself: THIS IS AN UNDERSTATEMENT! We aren’t just running into problems with the banks, we’re running into what could be described as OUR WORST NIGHTMARES! Lenders are defying logic and denying short sales where the seller is demonstrably distressed and in [...]

Santa Monica California Real Estate Market Reality The Santa Monica California real estate market continues to remain strong. Here is my latest analysis of Santa Monica real estate: Single Family Homes in Santa Monica July 2010 sales total: 23 Current Pending Sales: 48 Active Listings: 114 Distressed Single Family Property Watch in Santa Monica, CA: [...]