Simi Valley's Preimer Real Estate Research & Home Owner Information Blog
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Foreclosure Pitfalls – Buying Banked Owned Properties Part II
The following photos really illustrate how tricky the foreclosure market can be. The damage in this property pretty much eliminates 75% of all qualified buyers as only very particular financing is available for this type of property. What I could not capture in the photos is that this [...]
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Top 3 REO-Forclosure Purchasing Pitfalls (Simi Valley Real Estate)
I am going to focus several blog posts on REO purchases. The Simi Valley Real Estate market is experiencing more than half of it’s sales with distressed homes; a good portion of these being REO or otherwise known as foreclosures.
1. Getting caught up in the [...]
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Phantom Inventories can be Deceiving (Simi Valley housing report)
We are constantly hearing all the time that Simi Valley housing inventories are shrinking and that sales are picking up. I have talked about it in my market updates. Let me put this in context. What most are not aware of is the Phantom Inventory that has [...]
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Simi Valley Real Estate Homes Market Report through 8-31-08
The following table is the activity for the home sales in Simi Valley and Moorpark. Combined sales of Attached and Detached homes in Simi Valley for the month of August was 106 units, this trend is slightly lower than the 115 unit average we have seen [...]
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Simi Valley Housing Market News August 26, 2008
Simi Valley Housing Market Update
After four straight months of stronger sales in Simi Valley, the news is trying to find it’s way in this turbulent market. There is no doubt that Simi Valley’s foreclosure and short sale market have brought the bargain buyers out to look to [...]
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As a Realtor that represents a major bank with their foreclosures, this is becoming a real problem in the current market. Imagine you signed a Lease for a home and you have been in the home for 8 months paying on time and one day there is a knock on the door. The [...]
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Layman’s Information on H.R. 3221- Foreclosure Prevention Act of 2008
The Good, the Bad and the Ugly: Part II
It has been a few months since my first installment of this “series” and it’s time for some very important updates on the current state of the mortgage market. This information will affect you in the future so [...]
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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 REO [...]
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Ted Answers Trulia Voices