Here’s a quick, informative slice of what’s happening in the booming buyer’s market this week: 1. Foreclosures are at an all-time high nationwide. The number of foreclosures skyrocketed last year to an all-time high of 2.3 million, further deflating home prices at the fastest pace we’ve seen yet. According to Bloomberg reports out today, foreclosures [...] Read more »
Weekly Real Estate Market Update for Long Beach, California
[No Auto Start]6f3SSwkO9rA[/No Auto Start] Here are the numbers: Active Properties for sale:Â 1667 Foreclosures:Â Â 717 Sold Last month in October:Â 305 Foreclosures or short sales:Â 135 Inventory:Â 5.46 Hot Property for the week:Â 251 E 17th Street, Seal Beach, CA Read more »
Do I Have To Be Behind On My To Do A Short Sale?
Probably one of the most common questions that I hear negotiating Short Sales in Los Angeles and Orange County, California is: “Do I have to be behind on my mortgage to do a short sale?” It is a totally logical and fair question. Unfortunately, there is no really clear cut answer. It all depends on [...] Read more »
Shandrow Group Has Moved And Is Going Green!
Hi Everyone, I am extremely excited to report that I have rented my own private space for my team on Atlantic Blvd. The reason for the move is two-fold. First, I needed a larger office space than I had at the Keller Williams office on Pacific Coast Highway, and more importantly, I can now WALK [...] Read more »
What Happened at REOMAC?
I just got back this week from the 2008 REOMAC Fall Conference in Hollywood, Florida. The event was attended by approximatley 2,000 industry people including asset managers, portofolio managers, REO brokers, attroneys and service provides. The event was more than half the size of thhe 5 Star Conference in Dallas last month. This gave the [...] Read more »
FDIC Watch List
Every newspaper seems to be headlining with the Failing Banks! In case you don’t know what the ‘Watch List’ is..think of it as the list of banks the government thinks will fail. pGuess what, finding the list of banks on the list is nearly impossible. The FDIC doesn’t publish their list! pI read that the [...] Read more »
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 [...] Read more »
