Archive for September, 2008

Long Beach Downtown Condos Being Dumped by Lenders-”Why Try To Catch A Falling Knife?”

This is a recent article in the Wall Street Journal about the new development downtown Long Beach.  Amazing.
Mark Shandrow
Keller Williams Realty

Condo-Minimum
Developers Turn to Auctions to Shed Units
By JONATHAN KARP
September 10, 2008; Page C15
With the condo glut growing as new towers are finished, and buyers walk away from presale contracts, developers increasingly are resorting to auctions [...]

Secrets to Buying a Foreclosure-Series Intro

In this video I talk about one of the secrets to buying a foreclosure.  This is going to be the beginning of a series of videos to help real estate buyers learn about buying foreclosed property.  I am an REO agent.  This means that I work for the banks to help them sell their foreclosed [...]

Breaking News . . . Foreclosures On The Rise . . . From Bloomberg News

This just came in from my real-estate coach Tim Harris at www.timandjulieharris.com.  Great article.
Foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn’t refinance or sell.
New foreclosures increased to 1.19 percent, rising above [...]