by Ted Mackel on January 5, 2010
As a Simi Valley Home Buyer in this market you will be confronted by many homes for sale that are Short Sales. Before submitting an offer buyers should be concerned and careful about the process they are about to enter. The current market conditions for buyers has been difficult for many. Inventory levels have been [...]
by Ted Mackel on November 9, 2009
What is a short sale? A short sale occurs when the seller of a property owes more money against that property than what they can ultimately sell the property for. Example, you have a $500,000 loan against your property, but now it is only worth $400,000. Adding the costs to sell your property at $400,000, [...]
by Ted Mackel on May 1, 2009
What is a Short Sale? What does it mean? A Short Sale occurs when a home Seller, who needs to sell their home, owes more in debt secured by the home than what the seller can expect a buyer to pay for the home. In other words when the sale occurs, the proceeds of the [...]
by Ted Mackel on May 15, 2008
If you have ever watched public TV in California over the last 30 years on a Saturday or Sunday, then you will have no undoubtedly encountered Huell Howser. The greatest thing about Huell’s show is that he is a good ol’ boy from down south and his program “California’s Gold” is all about exploring California. [...]
by Ted Mackel on May 7, 2008
What is REO? Here’s one for the longtail and a sort of WIKI entry to my BLOG!!! In any business it is hard not to slip into the industry vernacular and forget that our audience may not really be following. REO is an acronym for Real Estate Owned. Here in Simi Valley and Moorpark an [...]