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What does it take to have success in a short sale? The lawyers advertising on television would tell you that you need a lawyer. Frankly, I recommend the counsel of an attorney to every short seller. Having a lawyer does not insure success. There are many agents in our market who specialize in short sales,

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

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 sale did not

What does it take to have success in a short sale? The lawyers advertising on television would tell you that you need a lawyer. Frankly, I recommend the counsel of an attorney to every short seller. Having a lawyer does not insure success. There are many agents in our market who specialize in short sales,

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

People often don’t pay attention to warnings. That’s because sometimes we look at them in jest, like Lost in Space: Danger, Will Robinson. I can advise sellers that the price of their short sale is too low, but they ultimately set the price, not me. I can also tell buyer’s agents that they need to

Working with short salesCalifornia 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 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

People often don’t pay attention to warnings. That’s because sometimes we look at them in jest, like Lost in Space: Danger, Will Robinson. I can advise sellers that the price of their short sale is too low, but they ultimately set the price, not me. I can also tell buyer’s agents that they need to

I regularly publish indicators and trends at my website (www.JayEmerson.com) and try to offer a no-nonsense interpretation of the local real estate market. 
As a scarred short sale warrior across our 3 counties, I can tell you that the national numbers being touted (only 3.8 million sold, annualized) is not considering those homes between worlds; not

No BS Real Estate
(See the charts at http://www.jayemerson.com/indicators.html)
We will look back on this time and wish it could have stayed. It is not a free market but it’s better than we’ve had in some time.  The media is crying about the drop in sales but that is a National figure.  Our local market is not

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

Wait. Hurry. Wait. Hurry. Wait.

Though home prices didn’t start turning down until 2006, the housing market begin it’s downturn in the Fall of 2005. Back then, I never would have guessed that, after five years, we would still have so many foreclosures still ahead of us.
Changing Winds
In the Summer of 2005, the housing market frenzy was palpable. People were

The shadow inventory is now estimated to be around 7 million homes. But nobody can really say because, if home prices begin to spiral downwards again, the number cold balloon much higher. Home prices, and possibly our entire economy, will not hit bottom until we undo all of the real estate transactions that never should have happened. So, after 5 years, how much progress have we made? My best guess, to use a baseball analogy, is that we’re in the third inning. At this rate, it could be decades before this housing mess is behind us.The shadow inventory is now [...]

I hear a lot of agents bellyaching about the real estate business in Sacramento. They ask where all the home buyers have gone and wonder if they should quit selling real estate. Well, with an attitude like that, it sounds to me like they have already quit selling real estate, they just

High-End East Bay communities like Danville, Alamo, Lafayette, and Montclair are filled with underwater homeowners who used option-arm, alt-a, and short-term-interest-only loans to finance their expensive homes. Now, with HAMP and the other “extend-and-pretend” programs mostly behind us, and with home prices and the economic recovery clearly fading, it is time for thousands

I hear a lot of agents bellyaching about the real estate business in Sacramento. They ask where all the home buyers have gone and wonder if they should quit selling real estate. Well, with an attitude like that, it sounds to me like they have already quit selling real estate, they just

I have posted in my blog several times about the number of cash sales closing here in the Orlando real estate market. So far this month, cash deals are pushing ahead with over 56% of all the closings recorded as all cash transactions. August and September, traditionally are slower months as the school starts back