It wasn't a surprise to hear that smaller no-name mortgage companies were retreating from the marketplace due to the extreme volatility. The mortgage business has become dependent upon the Fed's support to backstop the agency market (Fannie/Freddie), which leaves the...
The 10,022 sf space station above Carmel Valley has a $4,000,000 mortgage out on it when Union Bank foreclosed on it in 2010. They sold it for $2,475,000:
Lenders won't report late payments to credit bureaus! Hat tip to Susie: SACRAMENTO – Governor Gavin Newsom today announced that financial institutions will provide major financial relief for millions of Californians suffering financially as a result of the COVID-19...
I'm not overly concerned about a virus - I have survived plenty: Sales history: 2004: $240,000 2009: $201,000 (my REO sale - list price was $199,900) 2013: $270,000 2018: $361,000
One of the most insane MLS rules prevents agents from including videos in the remarks. The MLS police is afraid that agents will slip in their contact information, and buyers will rush to purchase direct from the listing agent - but they can do that anyway. How hard...
Listing agents hire Showingtime to schedule appointments for cooperating agents to show a house for sale. As of yesterday, California showings were down 55% from the first week of the year, which doesn't sound so bad for a state that is lockdown. But next week will...
You better be an all-around expert at fixing stuff in this environment - and be able to present a reasonable case to the buyers that's easy to digest. We're not out of the woods yet, but this video kept a situation from turning into a problem:
Michael Levitt, a Nobel laureate and Stanford biophysicist, began analyzing the number of COVID-19 cases worldwide in January and correctly calculated that China would get through the worst of its coronavirus outbreak long before many health experts had predicted. Now...
E-notary companies are out there....can we close a sale with one now? There still needs to be at least one personal interaction with a stranger to be able to finance the purchase of a house in San Diego County, says the boss at First American Title today: Good morning...
This is disconcerting - hope that homebuyer demand is getting pent-up while we're on the couch...... Southern California house hunters were already balking at buying existing homes amid coronavirus fears and business closings before real estate agents were told to...
