[No Auto Start]2AzOcJrszhI[/No Auto Start] I helped Thomas and Tara Grounds sell their condo and buy another condo in the height of the Holiday season a few years ago. They have both become good friends. Hear what he has to say about my abilities to price a property right in any market. Read more »
Short Sale Approvals on the Rise
Wow, what a few months makes. I am now having almost a 90% success rate with getting our short sales approved. Banks like Chase, Countrywide, HSBC and WAMU have done an incredible job streamlining their short sale negotiation processes. I guess they had to do something with the increase in volume. Certain banks can still [...] Read more »
Q and A Fact Sheet from CAR on Short Sales
Short Sale Fact Sheet Information Provided by the California Association of Realtors (CAR) Introduction Increasingly, lenders are making loans in amounts that become too difficult for borrowers to repay. Some of these borrowers may not be able to fulfill their mortgage obligations. When a borrower is no longer in a position to make the mortgage [...] Read more »
Another Short Sale Success In Los Angeles
I just closed a short sale at Tacoma Avenue last month. This is a beautiful property and the buyer is lucky to get. This two story home was sweeping views of the valley was just built in 2006. Everything was brand new. My client, Brian, purchased the property in 2006 for $850,000 with 100% financing. [...] Read more »
Ten Common Deal Killers for a Short Sale
From my experience doing short sales in Los Angeles and Orange Counties, the following list are the ten most common deal killers for doing a short sale (in no particular order): The seller lies about their assets and the bank finds out. The seller disappears or becomes non-responsive toward the end of the short sale [...] Read more »
