This has been a pet peeve of mine for a while – it’s about time we get more righteous Consumer compaints. Many of us in the Real Estate Business have been involved in a Bank Owned Property Sale in which the Asset Manager for the bank/investor stipulate in their “contract addendums” the requirement that a […]
Archives for February 2010
Sacramento Duplex Sales – Interesting Stats + I Have a Deal For You…!
Short Sales Slow Down Closings – Cash Is Still King I am noticing that the number of Duplex/Four-Plex investment properties that are now Active for sale or “Active Short Sale” is almost equal to the number of properties that show a status of Active Short Sale – Contingent (which means there’s a contract waiting for bank approval) […]
Trends In This Down Economy – What Folks Now Want in a Home
Outdoor Rooms, Playgrounds and Trails are high on the list like the one shown below in the Serrano area of El Dorado Hills. It seems folks are looking for ways to get more utility value from their homes because these things don’t cost a lot. There are other things the article spoke about, so for […]
Fixer Upper Bank Owned Duplex – Check Out The Video
Somebody was mad when they moved out of this one. Because it looked like the Tazmanian Devil had been in one side. I stopped by to see this duplex yesterday and made a video of both sides. This is a hot deal because when I arrived and got out of my car an investor was already walking about […]
Thinking of Walking Away From Your Mortgage ‘Cause Your Upside Down..?
If you are thinking of doing this… You’ve got company… See the latest from the Sacramento Bee’s Real Estate reporter Jim Wasserman. Home Front: Gain trumping pain of walking away from mortgage Comments anyone…? Make it a Great Day… Ed Favinger, Broker CRS, GRI favinger@rwnetwork.com 916-203-1260
January 2010 Duplex/Four-Plex – Closed Sales Report..!
Cash May Be King – But You Might Be Paying More I’ve put together the latest Closed Sales Report for the month of January 2010. As usual you’ll see there is a lot of cash floating around in the Sacramento County Duplex/Four-Plex Market. But… if you look at the statistics below the average List Price/Sales […]
New FHA Rules – Read em and weep…!
It seems they just don’t want to let the market recover… That’s my opinion. Click Here for the Update One of the big changes that will come into effect soon will be the limit on the amount of Closing Costs you can ask the Seller to pay. That means if you are a low cash […]