Have you had crazy behavior from banks on Short Sales. Just when I thought it was getting better, they continue to act weird. That is scary since these are very sophisticated organizations. For example, Chase once told me that unless we paid the water bill upfront, they would not conside
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10/18/2010
In my real estate work in San Jose area, I continue to get called as an real estate expert witness when agents get sued. You might wonder what an expert does. In most cases, the buyer sues the seller and some times the listing agent, accusing them of not disclosing something. They may or may
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03/10/2010
An agent asked me the other day, how we were having so much success in Short Sales. It is very simple. We decided to give back. Several months ago my partner, Charles, and I knew several people who were struggling with a Loan Mod. Each one had been turned down or given a run around by the
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02/20/2010
I continue to hear agents talking about how bad this market is: All the listings are Short sales and REOs My buyers have to make 8-9 offers to get one accepted Then, when it is accepted, I have to wait 6 months to be paid Buyers want bargains but with multiple offers, there are no bargains I
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02/17/2010
If you read my last blog about the buyer who breached the contract but got their deposit back because the contract included an unenforceable non-refundable deposit clause, let me give you an update. Some people are commenting on the bad buyer. My focus in on the agents and they were the cause
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02/12/2010
As as a person who serves as an expert witness in real estate litigaiton cases, I am always excited when a real case finding agrees with what I believe myself. In this case, are non-refundable deposits on residential property in California. CAR has published the informatin on the case. The b
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02/12/2010
There is always a question about what does an agent have to do regarding disclosing permit issues. If you are in a market with older homes, you can be pretty sure that there is much remodeling been done ..... much of it done WITHOUT a permit. California and several other states have used thei
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12/14/2009
If you are a California agent, you should know that CAR is going to be changing the residential purchase agreement (RPA) in April. Advance copies (subject to change) show that there are several minor changes that you need to understand. If you don't, you might meet me personally during the l
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12/14/2009
If you are a California agent, you should know that CAR is going to be changing the residential purchase agreement (RPA) in April. Advance copies (subject to change) show that there are several minor changes that you need to understand. If you don't, you might meet me personally during the l
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12/14/2009
Just had a couple of experiences that make life crazy in this SHORT SALE and Loan Mod market we are in. Let's start with the short sale. I prepared the seller. We priced the property well and got a real solid offer, all CASH. I have a very extensive checklist and the seller prepared all t
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12/06/2009