California - Short Sale Fundamentals

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06
May
House Flipping Profits

House Flipping Profits

You might find this hard to believe, but house flipping can still be a lucrative business. A lot of people will tell you that the days of fat profits are over. But with some hard data it’s tough to argue that there are places to make a killing. Some folks put together a handy list...

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20
Feb
Snow in California?

Snow in California?

There’s a famous saying that goes, “Expect the Unexpected.” I “expect” you’ve heard that one before. And it’s nice and catchy as a saying, but have you ever thought about what it really means in your life? Is it actually possible to expect the unexpected? Let me give you a quick example from this week....

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25
Jan
Super Mansions To Drool Over

Super Mansions To Drool Over

For today’s article let’s just have some fun. And drool a little bit. When it comes to real estate there’s something that people love to talk about, namely the mansions of the rich and famous. Or just the super-rich. Really the sky’s the limit (literally) when it comes to how much some of society’s elite...

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12
Mar
Law Firm Caught in Loan Mod Fraud

Law Firm Caught in Loan Mod Fraud

Another simply awful story has come out about mortgage modification fraud. Thousands of innocent victims were taken advantage of by a law firm advertising an amazing modification track record. But according to the Attorney General of California in most cases this law firm didn’t provide any services, and many people ended up losing their homes....

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20
Feb
California’s Foreclosure Mess Ups

California’s Foreclosure Mess Ups

Leave it to California to make the entire foreclosure industry look ridiculous. Oh wait, that already happened. Sure, California had a part in it, well technically it had a 20% part in it, but this just tops them all. An audit of foreclosures conducted in San Francisco revealed errors in, not 5%, not 50%, but...

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06
Jul
Real Estate Conspiracy Caught

Real Estate Conspiracy Caught

Some real estate investors just don’t know when to quit. Eight guys, eight ordinary guys out in California (if anyone who lives in California can really be “ordinary”) were arrested yesterday for rigging foreclosure auctions. The Department of Justice is going crazy over the case and is planning to come down hard. Basically the scheme...

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06
Feb
Scrapping HAMP For Good

Scrapping HAMP For Good

I promised ya’ll not that long ago that I wouldn’t speak about H**P ever again seeing that the program was obviously dead in the water and that it was obvious to everyone with brainwave activity that the program should be scrapped. And for the last few months I’ve kept my word. But today I’m posting...

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05
Feb
California’s Court Settlement

California’s Court Settlement

The Attorney General of California has a mighty big question to deal with right now. She’s sitting on six and a half million dollars from a settlement with Countrywide Financial Corp. and I’m not sure she knows what to do with it. Now if it were hers to keep I’m sure there wouldn’t be too...

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02
Aug
Shadow Strikes Again

Shadow Strikes Again

According to Altos Research, home prices will start 2011 at lower levels than they started 2009. Yeah, they’re pretty pessimistic over at Altos. You’d think out in California they’d be a little more relaxed. They, like oh, most of us, have heard about the “shadow” inventory that’s just looming in the background. Well, they predict...

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30
Jun
Foreclosures Are Ripe

Foreclosures Are Ripe

Okay, true or false: 31% of all home sales in the first quarter of 2010 were foreclosures. You’re thinking it’s true, right? I mean, why would I make up such shocking numbers for no reason? Well, you’re right. It’s actually true. Though pretty unbelievable. What’s even more amazing is that prices for distressed properties were...

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