Posted by: terryorealtor | June 6, 2009

Real Estate News Updates

Short sales are still in process and will continue for quite awhile. Most short sales are closing……Remember Short Sales are not short in duration. Still taking anywhere from 3-6 months from start to finish.

Concord, Has seen in the lower end housing, multiple offers. One home in particular last week had 40 some offers on it.

San Ramon in the Gale Ranch area had 51 Offers on a home last week.

East County is continued to be plummeted with shortsales, Bank owned properties and lower prices.

Overall we have seen a decline in housing inventory in various areas. Calm before the storm?

Such a dichotomy when we have homeowners losing homes to foreclosure.

If you are a seller in distress, PLEASE INVESTIGATE your options. You are in a fragile state and there are wolves in sheeps clothing promising you the world , taking money from you up front, and laughing all the way to the bank.

You DO NOT NEED to pay for loan modification. Your LENDERS want to work with you personally to come to a resolve. Email me if you want a list of the items your lenders would expect you to present to them.

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