Community Home Buying & Selling Real Estate Guide
Insider's Guide to Real Estate Research & Home Owner Information
The Flow Chart below illustrates the short sale process from the time an offer is received until the Short Sale is approved. What is in the Seller’s Package typically? Financial statement Hardship Letter detailing the particular hardship that has interfered with the seller’s ability to meet the current loan terms (payments). Copy of pay stubs […]
While the new improved FHA policy looks to aim at the hardest hits part of the county, this is definitely an improvement in understanding how to tackle a difficult problem. Over the last 4+ years, 50% of the sales I have been involved in have been Short Sales. There is no shortage (no pun intended) […]
RealtyTrac recently reported that 1st quarter 2012 shows the lowest foreclosure filing activity since 2007. This news sent waves of cheerleaders spreading the news of improving real estate market conditions. Recently and more locally, Simi Valley and many parts of Southern California are seeing reduced inventory. This reduced inventory is giving the appearance that market […]
A series of news reports over the last few years are covering a problem that has hit the Short Sale Market. As in any market, if there is an opportunity, the opportunist go to work. This time they are trying to create screaming deals out of Short Sale properties. Beware of Short Sale Flipping These flippers […]
Simi Valley Foreclosures For Sale 671 Azure Hills Drive Simi Valley Home For Sale – 671 Azure Hills Drive produced by Ted Mackel on WellcomeMat Price = $639,000.00 Bedrooms = 4 Bathrooms = 3 Interior = approx. 2407 sq ft Lot Size = 12,302 sq ft Pool & Spa = Inground – Gunite Upgrades = […]
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 […]
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 […]
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 […]
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 […]
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 […]
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