Here are the numbers:
Active Properties for sale:  1667
Foreclosures:   717
Sold Last month in October:  305
Foreclosures or short sales:  135
Inventory:  5.46
Hot Property for the week:  251 E 17th Street, Seal Beach, CA

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 your particular [...]

This was a great article from Barrons about Fannie and Freddie.

Shares of Fannie Mae and Freddie Mac have declined by approximately 90 percent from the previous year and both companies are reporting quarter-over-quarter losses, leading some to believe than a government take-over or complete privatization is imminent.
MAKING SENSE OF THE STORY FOR THE CONSUMER
· According [...]

I met Sara Henninger when her house in Garden Grove came off the market.  It had been on the market with another agent for 6-months-with no offers.  We met and decided to relist the home with a new marketing strategy.  Her ultimate goal was to move out of Garden Grove and buy a home in [...]

Recently, the House and Senate passed broad-based housing legislation, which was signed into law by President Bush this morning. Heralded as the most sweeping housing reform since the “New Deal”, it includes the creation of a strong regulator for Fannie Mae and Freddie Mac, changes in conforming and FHA loan limits, a comprehensive modernization plan [...]

Well, last Friday was the first time I actually “lost” control with a client.  We have been negotiating a short sale with this one particular client for about 3 weeks making great progress.  In fact, it looks like we will be able to get the approval on the short sale today.  This is a personal [...]

Wow, this was just one of those real estate transactions that you are happy it is over–everyone is happy is over, but the buyers got their dream house in the end.  While I was away on vacation, my realtor friend, Clay Wilson, helped the Huddlestons find a great deal in Anaheim.  They had been outbid on several foreclosure [...]

After about a year of actively transforming my real estate practice from the the "old" model to the Real Estate 2.0 model, I have learned a ton, too much to talk about in this one blog post, but I will try and hit the highlights.  It has been an incredible ride and I can honestly [...]

The short sale process, at times, can seem very overwhelming.  The following is a list of items to expect while doing a short sale on your house in the Los Angeles and Orange County, California areas.  Different states and counties have different laws, so this information may or may not pertain to you depending upon [...]

This is a great article on short sales and foreclosures.
Unable to Make Mortgage Payments, Many Give Up
By Kyle Kennedy THE LEDGER
Published: Sunday, July 13, 2008 at 7:40 a.m.

Melanie Odom has spent the past several months fighting to save her husband from lung cancer, and considering the magnitude of that [...]