Inland Empire Real Estate Ramblings

I am not sure if many folks out there are aware of this or not, but if there is a second deed of trust or loan on a property it is against the law to pay outside of escrow.  The second needs to be paid off through escrow and it MUST show on the HUD1.  If it does not, the realtors could be in big ...

Many sellers I have worked with in the past think it's a really good idea to list their home for a lot more than it's worth so that they have a "cushion" in case a buyer wants to offer a lot less.  I would not recommend this in this market for 2011 because what happens is just the opposite. 1.  T...

Do you remember your home where you were raised?  I hope you had good experiences growing up in it.  I recently read another article which really resonates with me about a songwriter that wrote the top song of 2010.  The name of the song was "The House That Built Me" which Miranda Lambert sang. ...

Did you know that if a bank has sold your loan to an investor, the bank really does not have a say in the short sale or loan modification!  The bank really has nothing to approve, it is fully the investor who says yes or no to the short sale or loan modification.  I just read an article that sta...

Do you know what a loan servicer is when you take out your loan?  Do you have any idea what that even means?  Most people have no clue.  What this means is who is taking care of your loan or who may have repurchased your loan from the lender you thought was your lender.  Most people should get no...

  The news keeps changing as to what you really should do to get your short sale approved.  It used to be that you needed to show you had a hardship by defaulting on your loan, whereas now, you don't need to default on your loan to prove hardship or to ruin your credit.  You can still do a short ...

It appears that Obama really wants to put a stop to the mortgage interest tax deduction.  Why?  I have no idea as it does help every homeowner with their taxes.   The National Association of Home Builders wants to help protect this deduction.  There are other entities that want to protect this as...

The prediction is that 2011 is going to be the worst year yet for foreclosures.  There are so many homeowners right now that are behind on their payments.  I read an article from Realytrac that the numbers are close to 5 million homeowners who are behind in their payments.Realtytrac predicts 1.2 ...

I just read an interesting article as to why many short sales fail.  I always like to try to deal with an agent who is representing the seller that I know.  Typically, if I know an agent and have worked with them in the past, I know how they operate.  This means whether or not they actually do th...

      When will the market make a come back in The Inland Empire?   No one really knows this answer!  No one!  Right now, it seems dim for most homeowners in the Inland Empire.   I don't mean to be a doom and gloom type of person, but it is pretty bad out there for most people.  With all of the p...