John Kim's Real Estate Blog

HAVE YOUR PROCESSING DONE BY A SHORT SALE SPECIALIST.      In todays real estate market homeowners are looking for HELP.  When foreclosure is not the option you want for yourself or your family then there may be other alternatives for you.  Finding a specialist in short sales negotiations may be ...

     For the borrower(s) that are unable to maintain your mortgage payment(s)and need an option to avoid possible Foreclosure or worse Bankruptcy.  Here are some hardships that may qualify for short selling a home. MORTGAGE RELATED REASONS No Equity available to Refinance Interest Rate Adjusted B...

What is a Short Sale???      Short Sales, "short selling", "shorting", Short Payoff, Pre-Foreclosure Sale, or Comprmise of Sale happens when a lender agrees to accept less than the amount owed against the home because there is not enough equity to sell and pay all costs of sale.  In a nutshell it...

Short Sale Q & A Q: What is a Short Sale? A: A Short Sale transaction occurs when the lenders are paid a negotiated amount that is less than the actual principal balance owed. Q: Why are the Banks Accepting Short Sales? A: In a foreclosure, the lender incurs legal fees and may not take possession...

     Sustaining an economic vitality and livability go hand in hand when intelligent people, great ideas, and the willingness for all to collaborate into a positive symbiotic community.   These listed cities have the neighborhoods that feed the drive and attract like minded professionals to live...

October 2010 Foreclosure for California stats are...  Foreclosures Available - over 196k homes Number of Sales - over 28k homes Median Sale Price - about $270k         In September 2010 about 18k new and resale homes were sold in LA, Riv., SD, Ventura, SB and OC counties, which is about 16% down...

      One of the largest purchases a person could make is a home andwhen doing this several things are highly recommend.  Depending on where you live there are certain real estate law restrictions that are in place to help you on your journey.  However here are a few helpful insights to consider....

$3,500 in FEES??? Where does it go??? $500to the sales agent/legal assistant (if they sell the "full pop" meaning"a collection of the full amount") $1000 to the lawyer's name (paid if they touch your file or not) $2000 to the overhead expenses, sales (managers), marketing (radio ads, mailers, Int...

Payments too HIGH? Need Help with your LOAN? Trying to Avoid Foreclosure? I can HELP... Are you late on your mortgage payments? Is your loan set to adjust to a new payment soon? Is your ARM adjusting to the point that you cannot afford to your monthly payment? Are you currently suffering in a har...

For borrowers that are unable to maintain your mortgage payment(s)and need an option to avoid possible Foreclosure or worse Bankruptcy.  Here are some hardships that may qualify for short selling a home. MORTGAGE RELATED REASONS No Equity available to Refinance Interest Rate Adjusted Balloon is d...