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Top 10 California Real Estate News Articles for June 2012

  
  
  

Here are our Top 10 California and Nationwide Real Estate News Articles for June 2012:

Calif. homes sell at fastest pace in three years

http://lansner.ocregister.com/2012/06/15/calif-homes-sell-at-fastest-pace-in-three-years/163728/
California’s housing market moved at its fastest pace — and biggest year-over-year gain — in three years in May, according to the California Association of Realtors.

 

From Zillow: http://www.zillow.com/blog/2012-06-25/zillow-home-price-expectation-survey-home-prices-will-bottom-by-2013/

A New Way to do mobile Bay Area Real Estate search.. on the go!

  
  
  

A New Way to do mobile Bay Area Real Estate search.. on the go!

With the rise in popularity of smart phones, the ability to search for real estate listings online while on the road is a must these days. And we want to let you to know that paymonhome.com is ready to meet your mobile real estate needs!

 

Short sale may be a good deal for first time buyers.

  
  
  

There was an article posted a few days ago on bankrate.com stating the current combination of conditions in the short sales area that make it a good time for first time buyers.

 

Finding a home or investment property via bank foreclosure listings. Part 2

  
  
  

This is a continuation of last week’s blog: Finding a home or investment property via bank foreclosure listings.  Last week we discussed the possible material obstacles when attempting to buy a foreclosed property, this week we’ll close out the discussion with the possible financial difficulties of the transaction, and closing remarks.

 

Finding a home or investment property via bank foreclosure listings.

  
  
  

(Blogger: Rich Navarro)  … When I was younger and bought my first car, I bought a car stereo from a man in a black overcoat just outside a stereo store.  Since it was a bargain, I bought it as is, and luckily it worked when I wired it up. Sorting through bank foreclosure listings to buy a foreclosure  (a property the bank has taken from the owner because they stopped paying the mortgage) is almost the same thing; its a great bargain, but you buy as is, and there are no guarantees about the property, also there’s no man in a black overcoat, well, unless a real estate agent dresses like that .

A Good Short Sale Agent…

  
  
  

(This is a repost from an earlier date to share again with you.)  ... Short Sales are not a new topic these days. The majority of homeowners are doing their homework and realizing the Short Sale route is in their best interest. However, there are some negative stores where the transaction fails by leaving the Homeowner in foreclosure.

Loan Modification vs Short Sale

  
  
  

(Blogger: Rich Navarro) .. When I bought my first car eons ago, it ran as smooth as silk. But as the years went by and the mileage piled on, it no longer felt like silk, but more like sleeping on nails; it was comfortable as long as you didn’t move. Well, one day it decided it didn’t want to hold it’s transmission together anymore, and proceeded to leave a trail of metal parts for me to look at in the rear view mirror. Replacing the transmission was now going to cost more than the car’s Kelly Blue Book value. I would be in a sense, underwater.

Short Sale Qualification?

  
  
  

The owners of the property must be able to show they are in a negative cash flow situation (i.e., with a hardship letter and a financial statement reflecting monthly expenses & income) and are about to go 30 days behind on their mortgage payments and will be facing a potential foreclosure action in the near future.

A Good Short Sale Agent…

  
  
  

Short Sales are not a new topic these days. The majority of homeowners are doing their homework and realizing the Short Sale route is in their best interest. However, there are some negative stores where the transaction fails by leaving the Homeowner in foreclosure.

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What is a Short Sale?

  
  
  

Recently, the term “Short Sale” has been used often when discussing the current Real Estate market and a lot of Homeowners & Home buyers are unclear as to what it means.

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