PRIME HIGH-RISE CONDOS. METICULOUS DETAILS. PRICELESS AUTHENTICITY. One West Ocean, Long Beach’s tallest and fastest-selling residential tower, offers four exceptional, private luxury condos per floor. The commanding, 59-story ocean and city view condominium tower is perfectly positioned in the heart of downtown Long Beach. This full-time doorman designer skyscraper features beautifully tailored, expansive interiors that [...] Read more »
International Tower: Iconic Luxury High-Rise Living by the Shore
Address: 700 E. Ocean Blvd., Long Beach, CA 90802 Stories: 30 Units: 204 condos Types of Units: Wide selection, including 1 bedroom, 1 bathrooms; 2 bedrooms, 2 bathrooms; 3 bedrooms and 2 bathrooms Size Range: Approx. 880 sq. ft. to 1,260 sq. ft. Year Built: 1965 HOA Dues: Approx. $635/month Views: Breathtaking panoramic views spanning [...] Read more »
Top Reasons to Sell Your Home Via Short Sale
Perhaps you’re “upside down†on your house and can no longer afford your mortgage payments. Maybe you owe more than the property is worth and simply can’t refinance. Or, it may be that you still can’t handle your house payments even after modifying your loan or reducing your interest rate. Times are tight and you’re [...] Read more »
Short Sales 101: What’s All the Buzz About?
So you’re seeing the words “SHORT SALE†splashed all over real estate signs across town, on the news and in the headlines. Short sales are everywhere, but exactly WHAT ARE THEY and WHO BENEFITS from them? Let’s take a quick, painless, non-confusing look. You’ll be clued-in in no time, and if you have any questions, [...] Read more »
Foreclosure Inventory Skyrockets, Home Prices Hit Historic Low
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 »
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 »
Secrets to Buying a Foreclosure-Series Intro
In this video I talk about one of the secrets to buying a foreclosure. This is going to be the beginning of a series of videos to help real estate buyers learn about buying foreclosed property. I am an REO agent. This means that I work for the banks to help them sell their foreclosed [...] Read more »
How to Buy Foreclosure Properties in Los Angeles and Orange County, California
I regularly deal with a number of large asset management companies and lenders who need to sell off their real estate owned property, often referred to as REO property. The word on the street is that most are expecting a 100% increase in the number of properties that are going to foreclosure in the next [...] Read more »
Benefits of a Short Sale Versus a Foreclosure
A great real estate agent and friend of mine, Aaron Simons, sent me this chart about the consequences of a short sale versus a foreclosure. The chart was developed by the Distressed Property Institute. I think it does an excellent job of dispelling some myths about short sales and their actual consequences to a borrower. [...] Read more »
Countrywide Takeover Will Pay Off, B of A’s CEO Says
This is a great article from the Los Angeles Times about the BofA and Countrywide merger. The most interesting point is that the CEO of BofA, Ken Lewis, thinks that the California real estate market has about another 20% drop in the not too future…I would have to agree. This is one of the first [...] Read more »
New Foreclosure Law in California – SB 1137
As a result of the subprime loan market collapse, numerous bills were introduced this year in the California Legislature, including the recently enacted SB 1137. Within this highly charged political environment, the California Land Title Association (CLTA), along with trustees, escrow companies, and lender groups originally opposed this legislation, which subsequently underwent a series of [...] Read more »
3 Reasons Why a Bank Would Want to do a Short Sale
You are probably wondering why a bank would agree to loose ten to hundreds of thousands of dollars on a short sale? The simple reason is that a short sale is less costly to a bank than a foreclosure. Period. It is purely economic. The reasons that short sales are less expensive to a bank [...] Read more »
