GREAT LOCATION: ALAMITOS BEACH OCEAN AIR. GREAT DEAL: BANKED-OWNED FORECLOSURE IS PRICED TO SELL! PRICE: $135,000 (only approx. $207 per square foot). THIS ADDRESS: 1227 E. First St., #2B, Long Beach, CA 90802-5709 CROSS STREETS: ORANGE & ESPERANZA CONDO TYPE: beach community 1 bedroom, 1 bath upstairs condominium-style residence (in a 10-condo building) CONDO SIZE: [...] 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 »
The Inside Scoop: How Banks & Mortgage Servicers Are Coping With Foreclosure Explosion
In an effort to stay on top of the latest in the exploding foreclosures market and the ever-adapting mortgage loan servicing industry, I had the benefit of attending the Feb. 17-20Â MBA’s National Mortgage Servicing Conference & Expo in Tampa, Florida. I’m excited to share the crucial insider information I was able to learn and [...] 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 »
Property of the Week – Spacious Westside Long Beach Home
2880 Caspian Avenue, Long Beach, Calif. Price: $295,000 CLICK HERE FOR MORE PHOTOS Square Feet: 2,058 Lot Size: 5,865 sq. ft. Rooms: 5 bedrooms, 3 baths Extras: 2-door detached garage, partial copper plumbing, new roof, new laminate floors Located in an attractive neighborhood in Long Beach’s Westside, this exceptionally large home is perfect for large [...] 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 »
Sara Henninger Gives a Testimonial for Mark Shandrow
[No Auto Start]jQjT-FLcP48[/No Auto Start] 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 [...] Read more »
Tom and April Devane Give a Testimonial for Mark Shandrow
[No Auto Start]h7F7wSpvfnQ[/No Auto Start] Tom and April Devane offer a video testimonial for Mark Shandrow of Keller Williams Realty. Tom and April bought a condo in Lakewood in 2006 with my assistance. They were great to work with and had an awesome sense of humor. Best, Mark Shandorw Keller Williams Realty 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 »
Mark Shandrow Discusses Options to a Short Sale in the Long Beach Press-Telegram
Click here to take a look at this article that came out a few months ago. Press-Telegram Article Sunday, September23, 2007 Sincerely, Mark Shandrow Keller Williams Realty 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 »
Tax Consequences of a Short Sale
I spoke with the LA Times staff reported Diane Wedner recently about the tax consequences of a short sale. Check out the full story here: click here for the full story. Seller may face tax and credit troubles in a short sale An owner can sell a house for less than its value and the [...] Read more »
