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As we edge closer to issuing coveted IOUs, the spin cycle is out in full force. A report was issued showing that CEOs at the 50 firms that laid off the most workers since the recession started earned an average of $12 million. I guess the recovery will depend on who you are asking.

In sad news yesterday, more than 900 workers at HomEq lost their jobs in Sacramento County. Another HomEq servicing center in Raleigh is closing. I wonder how many employees at HomEq have a mortgage through HomEq and whether HomEq would qualify these homeowners for a short sale if they did. I wonder how [...]

I almost threw my wedding ring down the toilet yesterday. We all do doofus things from time to time, but most of us don’t talk about it. That’s because we don’t like to put ourselves out there on the chopping block. Unlike me, who will share the doofus things I do in [...]

What is a Deficiency Judgement?
Elk Grove Short Sale sellers have to be concerned with whether or not their lender will file a deficiency judgement against them or not. So what is a deficiency judgement?
According to Wikipedia – A deficiency judgment is an unsecured money judgment against a borrower whose mortgage foreclosure [...]

Because I receive so many phone calls throughout the day, it’s sometimes difficult for me to answer my cell when it rings. This means callers often end up having to leave a message. I’m only one person and can’t be on two phones at the same time. To deal with this situation, I [...]

California Short Sale sellers pay attention in the upcoming days as California SB 931 is closer to becoming a reality! When Governor Schwarzenegger signs California SB 931, Californians will rejoice! This should make California Short Sale sellers breathe a little easier. California SB 931 will ban deficiency judgements for California short sale [...]

Lowballing a short sale can cost a buyer that home. Not so much because the lender will counter the offer — although, that’s pretty much a given — but because some other short sale buyer might snatch that house away from the lowballer.
Depending on your state laws, a seller may or may not [...]

Sacramento market indicators are better than you’ve been told.

It happened again. This time to a different short sale and not in Sacramento. This short sale is in Roseville. High demand neighborhood — such high demand that I received more than a dozen calls within 24 hours of putting this short sale on the market. Several months later, I’m still receiving [...]

I admit that I do have this soft spot in my heart, and I don’t like to see people suffer. Chilean miners, people in Pakistan, even goofy Sarah Palin. Maybe that’s why I excel at doing short sales, because I feel like I am doing something worthwhile and not just churning homes in [...]

In the most exciting news since Pop Cap introduced Peggle, it’s possible that California short sale sellers with a first mortgage may no longer have to worry about a deficiency judgment after a short sale. I’ve been following SB 931 with great interest and discovered it just passed the Senate on Thursday unopposed. [...]

About 51 percent of Shanghai apartments, 66 percent of Beijing flats and more than 70 percent of units in Hainan are vacant, according to the survey, based on counting the number of apartments observed to have no lights on at night. It was conducted on more than 1,000 real-estate projects and was organized by news website Sina.com., according to the report.

Intuition is something you’ve either got or you don’t. It doesn’t seem to me like a person can learn to have intuition. It’s sort of sizing up all that is on the surface and juggling it with what you know to be true to try to figure out if a given situation makes [...]

There are short sale agents back East like Chris Ann Cleland who love to work with Wells Fargo on a short sale. But, here, in Sacramento, those short sales are typically a struggle. Doesn’t mean I don’t list them and sell them, though, because as a Sacramento short sale agent, I’m not in the practice [...]