I shot this video at recently foreclosed condo in LA County. I was just there to inspect it and make sure it's cleaned up and ready to show. Sometimes you just never know what's hiding behind the locked door... Ahh... the life of an Los Angeles County REO Asset Manager. I guess it could have been worse. Read more »
Real Time REO Reporting – 1750 W 32nd Street, Long Beach, CA
In this video, Adam Shandrow gives you a guided tour of a home located in West side of Long Beach, CA. The home is a recent foreclosure and will soon be on the market for sale by Shandrow Group. It's a two bedroom, one bathroom home on West 32nd Street. This LA County home is on a good sized lot and includes a two car garage, an outdoor eating area protected by an awning and a raised garden. Read more »
Real-Time REO Reporting – In Court for Unlawful Detainer in Compton
I've appeared in court a lot lately. I shot this video before I headed to court for another LA County unlawful detainer. The current occupants are refusing to leave. We've tried giving them notice and approaching them with Cash-for-Keys. No luck so far. As we expected the occupants didn't show up in court. So, the court awarded the property to the bank and the occupants will need to vacate the property before November 29, 2009. Read more »
Real-Time REO Reporting – Belmont Heights Home
I shot this video during the initial occupancy check of a home in Belmont Heights. As you can see, I didn't get a chance to complete the occupancy check because a nosy neighbor got in the way of filming. We did find out that the home is currently occupied, so we'll have to take the next step and encourage the occupants to accept relocation assistance. If they don't, we'll have to start the eviction process. Stay tuned for more updates. Read more »
Will the Home Buyer Tax Extension Help or Hurt the Housing Market?
Is it too early to get excited about the home-buyer tax credit extension? If you read the news last week, you've probably heard that the Obama administration has extended the Home-buyer Tax Credit from its original expiration date of November 30, 2009 to March 30, 2010. The government also added a provision for current homeowners that would allow them to sell their current homes and receive a $6,5,00 tax credit when they purchase their next home. In California, one of the hardest-hit and most expensive housing markets, it may be too early to tell how this extension will affect us in the coming months. Some analysts argue that the tax credit’s impact has generally been overstated and that its impact going forward is likely to be uneven, but the psychological effects for new home buyers could give the economy a greatly needed boost. Read more »
Real Time REO Reporting – 1775 Ohio 312, Long Beach, CA
I took this video on-site during the initial occupancy check at 1775 Ohio 312, Long Beach, CA. If you're familiar with the Long Beach area, you'll probably recognize the large condo building on the corner of Ohio and Pacific Coast highway. It's a short sale, so it's already vacant. The condo features 3 bedrooms and 2 bathrooms, with a large kitchen, and a living room with a built-in a wet bar. It needs a little cleaning up, but otherwise it's a great condo in a nice location. Read more »
Can We Stop the New Wave of Foreclosures in California?
As I mentioned in my post about Shadow Inventory in California, many of the major banks have released only a fraction of recently foreclosed homes. To combat the effects of even more foreclosures in the California housing market, Attorney General Edmund G. Brown Jr. has asked ten major banks and loan servicers to detail their plans to assist homeowners who will be forced to pay increased fees for their Pay Option Adjustable Rate Mortgages. Why? He knows that these increased rates will trigger a new round of home foreclosures. Read more »
Round two of my cash for keys deal in Montebello, CA.
Take a look at the latest Real Time REO Reporting video. Fast Tube by Casper Sincerely, Mark Shandrow Real Estate Broker shandrowgroup.com Read more »
October Recap and November Goals
Another month is behind us and I am getting closer to my goal of selling 100 homes this year. October was a relatively slow month for the Shandrow Group. Here are our numbers: Opened Escrows: 6 Closed Escrows: 11 New Listings: 9 Here are our goals for November: Opened Escrows: 22 Closed Escrows: 17 New [...] Read more »
