by cgilles | Oct 21, 2019 | b-Distress Sales, b-Foreclosure, b-Short Sales, b-Upside Down, Blog
Whether you are the buyer, seller, lender or borrower, you want the assurance that no funds or property will change hands until ALL of the instructions in the transaction have been followed.
In California, the escrow holder has the obligation to safeguard the funds and/or documents while they are in the possession of the escrow holder, and to disburse funds and/or convey title only when all provisions of the escrow are in compliance.
by cgilles | Jan 23, 2014 | a-South Bay, b-Distress Sales, b-Foreclosure, Blog, Real Estate
According to Gregory J. Wilcox of the Los Angeles Daily News, there is good news for the real estate market as we look ahead to 2014. Foreclosures were down a full 60% all across Southern California in 2013’s fourth quarter. This is another indication that the housing market continues on a upswing. swingingsold
“In 2013, we got a better economy and a housing market that is much improved. Overall, this is good news as we look ahead to 2014. Still, the housing market will bump into supply constraints, and interest rates — still close to historical lows — are on the rise,” said Robert Kleinhenz, chief economist at the Kyser Center for Economic Research in Los Angeles.
As we enter into 2014 we will see more and more evidence of the healing of the realty market.
by cgilles | Mar 14, 2013 | b-Distress Sales, b-Foreclosure, b-Low Home Price, b-Low Interest Rates, b-Short Sales, South Bay Homes
I just read this great article… 7 Banks Foreclosing on the Most Mortgages Most banks are servicing loans. This list includes the percentage of underwater loans the bank has in FORECLOSED properties portfolio. Check out this article to see who are the 7 Banks...
by cgilles | Jan 22, 2013 | a-South Bay, b-Distress Sales, b-Foreclosure, b-Short Sales, b-Tips, b-Upside Down, Blog
The New York Times published this … If you are considering a loan modification or a short sale, you will need to proved a HARDSHIP LETTER. Writing the “hardship letter” Homeowners having trouble paying their mortgage are often required to write a hardship letter...
by cgilles | Jul 9, 2012 | a-Hermosa Beach, a-South Bay, b-Distress Sales, b-Foreclosure, b-Short Sales, b-Upside Down, Torrance
Sorry to hear that you or someone you know is in financial and/or mortgage distress. And you really want to keep your home. So you check the local newspapers and online ads. And they say … “I can keep you OUT OF Foreclosure and you get to KEEP your home!...
by cgilles | Jun 19, 2012 | a-El Segundo, a-Long Beach, a-South Bay, b-Distress Sales, b-Foreclosure, b-Low Home Price, b-Low Interest Rates, b-Short Sales, Manhattan Beach, Redondo Beach, Torrance
With interest rates THIS LOW, you have higher BUYING POWER. This means you can buy a higher priced home and still qualify for your loan. Talk with your lender (or I can offer a lender referral) to get pre-qualified and then let’s get together. There are still...
