The more we learn about the foreclosure settlement, the more we see how much of a gift to the major banks this agreement really was. First, they no longer have to deal with any liability for their foreclosure practices. Second, they are allowed to credit their losses on short sales against the settlement payments, so they won’t actually have to pay any cash. And now today we find out they managed to get the administration to agree to allow them [Read More...]
Redfin is the most popular real estate search site in Southern California. They track the most popular listings based on the number of views each receives. Below are some of the most viewed property listings in Orange County. Check them out. 9291 PARLIAMENT Ave Westminster, CA 92683 — $389,900 Competing Listings $419,500 15932 COMMONWEALTH Pl 0.11 miles 3 bd / 1.75 ba 1,291 Sq. Ft. $457,000 9281 JASMINE Ave 0.31 miles 4 bd / 1 ba 1,390 Sq. Ft. $385,000 [Read More...]
This is a miserable time to be a realtor. Over the last five years, 21% have let their licenses lapse, total commissions are down over 40%, and 12% of realtors have reported losing homes. It’s hard to feel too sorry for many of them. This is the same crowd that pushed homes on people as great investments in 2006. Conditions may be tough on realtors, but it has been more tough on their bubble-era clients. 1 in 5 gave up [Read More...]
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