http://markshandrow.com Short Sales | Foreclosures | Asset Management/REOs | LA County Real Estate | Orange County Real Estate Thu, 01 Jan 2009 08:15:07 +0000 http://backend.userland.com/rss092 en Well, I have a million thoughts running through my head about the residential real estate market in 2009. I think the following will happen: 1. Foreclosure inventory will grow and at an incredible rate. The banks are sitting on huge amounts of inventory and most of this inventory ... http://markshandrow.com/2008/12/what-will-2009-bring-to-the-socal-real-estate-market/ [No Auto Start]6f3SSwkO9rA[/No Auto Start] 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 http://markshandrow.com/2008/11/weekly-real-estate-market-update-for-long-beach-california/ 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 ... http://markshandrow.com/2008/11/do-i-have-to-be-behind-on-my-to-do-a-short-sale/ 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, ... http://markshandrow.com/2008/10/shandrow-group-has-moved-and-is-going-green/ One of my great clients, Champion Mortgage formerly Nationstar, distributed this marketing piece with a quote from yours truly. Click on the thumbnail to view the entire flyer. Best, Mark Shandrow ShandrowGroup http://markshandrow.com/2008/10/what-agents-are-saying-about-champion-mortgage-reo-financing/ 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 ... http://markshandrow.com/2008/10/what-happened-at-reomac/ Wow. That is all I can really say about the recent economic meltdown on Wall Street. We all knew it was coming, but didn't know what "it" was going to look like. The good news is that with every market there are great opportunities. One such ... http://markshandrow.com/2008/10/there-are-deals-in-every-market/ I just got back from the 5 Star Default Servicing Conference and Expo in Dallas, Texas this past week. This was my first REO conference. Wow, what an event! The organizers did an incredible job putting this program together. There were over 5,000 participants ranging from real ... http://markshandrow.com/2008/10/what-the-insiders-know-about-reos-that-you-dont/ 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! ... http://markshandrow.com/2008/10/fdic-watch-list/ 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 ... http://markshandrow.com/2008/09/long-beach-downtown-condos-being-dumped-by-lenders-why-try-to-catch-a-falling-knife/