Real Estate Short Sale
short sales
What is a short sale? To put it simply, a short sale transaction is a sale of a property in which the outstanding debt (in the form of mortgages – such as purchase loans, refinance loans, home-equity loans, or one of the various other types of loans secured by your property) was more than the price for which the property was sold. Example: 1st and 2nd mortgages totaled $470,000.00 and the property was sold for $325,000.00. The sale price was $145,000.00 “short” of the amount that the seller had originally borrowed – thus the term “short sale.” Since the banks/lenders were essentially paid back less than what you borrowed, you could be deemed to have received a debt “forgiveness” of $145,000.00. A sale of this type requires bank/lender approval. Read more 
Real Estate – Driving Community Satisfaction
Community Satisfaction
What makes people emotionally attached to their communities? A recent Gallup and Knight Foundation survey finds that a community’s social offerings, its physical beauty and its opened to new and different people are key features that make residents love where they live. These factors far outweigh economic considerations when it comes to attracting and retaining residents. The study also finds that residents who are more satisfied with their jobs are more likely to have a strong emotional connection to their community.
San Diego California real estate agents
Real Estate Investing vs Gold Investing
Arizona gold nugget
Is real estate still a great investment? It’s really hard to say right now, but, if you purchased a San Diego home in the last seven years, it could have been far better to rent and invest in gold!
AS long as the Federal government spends money like a teenager at a shopping mall, Gold will hit even further records. Read more
Hosing Market – What The Government Should Do Now
housing market
Government should promote rational decision making, not decision making with an all encompassing belief that everyone should own a home. That is not economically viable or healthy as we are now seeing. Who will pay for this misguided policy goal? You and me.
By preventing a 30 % to 35% decline in real estate prices over a an 18 to 24 month period, The Regime has virtually assured an a 40% or greater real decline spread over a long, painful decade.
San Antonio attorney
Home Buyer Optimism
home buyers
More than 80 percent of first-time homebuyers believe now is a good time to buy a home, according to a recent survey by a national real estate company. Both first-time buyers and sellers say they feel the current housing market is more affordable today than it was a year ago, despite the fact that 40 percent of respondents are more worried about the economy today than they were at this time last year.
Nearly two-thirds (60 percent) of first-time home-buyers say they feel they do not have a good handle on the real estate process. But a huge majority of buyers and sellers (85 percent) say using a real estate professional to help them with their transaction is important. Both buyers and sellers say the three most important attributes agents should have are knowledge of an area, trustworthiness and responsiveness.
Home Equity … From Negative to Positive
home equity
According to a forecast by First American CoreLogic, the typical U.S. homeowner in a negative equity position will begin to build positive home equity by late 2015 or early 2016. In some depressed markets, typical borrowers with negative equity may not experience positive equity until 2020 or later, according to the report. Research conducted by First American CoreLogic indicates more than 11.3 million, or 24 percent, of all residential properties with mortgages, had negative equity at the end of the fourth quarter of 2009. Read more