by Ted Mackel on June 16, 2009
HVCC impacts Simi Valley Homes For Sale HVCC – HOME VALUATION CODE OF CONDUCT History: New York Attorney General, Andrew Cuomo investigated Fannie Mae and Freddie Mac appraisal practices. Fannie and Freddie (with the Office of Federal Housing Enterprise Oversight (aka – OFHEO) agreed to adopt new changes to how appraisals are processed in the [...]
by Ted Mackel on June 10, 2009
Simi Valley Homes For Sale Market Report May 31st 2009 My Video Commentary on the current Simi Valley Real Estate market conditions will follow shortly. For now the closing numbers up through the end of May are below. Oh Yeah, no we have not hit bottom yet…..I’ll explain later. Activity – Single Family Detached Homes [...]
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 [...]