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All Tags » Bank Owned Homes - Government bailout - Bottom of prices falling (RSS)
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Buyers are looking for the Foreclosure. They have heard that the foreclosure is the real deal. Last year banks, in the Corona/Riverside area, dumped some badly damaged properties onto the market. They were accepting anything just to clear out their bad inventory. you could easily pick up a place and get some sweat equity. Today you ...
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Strategic Default - is it the next wave of homes to hit the market? Strategic default is what banks call the event when people who can afford to make the payments decide to walk away. It is not the fact that the home owner can not make their house payments, it is that they CHOSE NOT to make payments. They continue making ...
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Can anyone predict the future with any certainty? I doubt there is anyone who can. Although, the politicians will tell you with certainty what will happen. It is just a simple matter of approving their proposal. They leave you with the threat that If you do not do their plan then everything will be bad.
Without ...
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The "Foreclosure Fire Sale" is over!
The first half of 2009 was a time to buy a distressed foreclosure house. The house was in "poor repair". That is politically correct for saying the house was "trashed!"
Common knowledge at that time was, to get a bargain on a house; buy a foreclosure. Those houses were ...
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Eastvale is one of the areas that had a remarkable price growth during the housing price run-up. Eastvale, Corona, Norco and Riverside now appear to be at the bottom of the market. In the recent weeks, prices have increased in all 4 of these communities.
Every day someone asks me, "what is ahead?" They remind me ...
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What are the factors you will want to consider when you think of buying a home?
The personal reasons will include the comfort level you have in your present situation. Do you need more or possibly less room? Do you want a more up to date home? Would you like to find a better neighborhood or school?
Then there are the budget factors. ...
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Not having a crystal ball to see the future, we can only guess and speculate about what the future holds. There are many people proclaiming doom and more gloom. Is there a word of hope?
Yes. The Obama Administration placed a hold on foreclosures. The banks have not been adding more properties to the inventory of houses for sale. The expectation ...
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