Nov
11
Short-Sales Getting Easier?
Foreclosures are sky-rocking, we all know that, but what is happening to all these homes? According to Dataquick, in California alone in the 3rd Quarter of 2008, over 94,000 homeowners went into default. 94,000 in a THREE month period in California alone. This is a staggering number. Many of these homes become great potential short-sale deals. If you have ever pursued a short-sale you may be rolling your eyes thinking “yeah right, good luck getting the bank to respond to you, let alone accept your offerâ€?. While that may be […]
Nov
10
Protected: Real Estate Graduate Call 11-10-08
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Nov
10
Nov
4
COMMERCIAL REAL ESTATE DEBT STILL EXPANDING
The comments below support the fact that financing is still available for commercial properties despite rumors to the contrary. Commercial Real Estate Debt Still Expanding From FeedBlitz – 10/1/08 The CMBS market may be frozen, but the level of outstanding commercial real estate debt continued to expand during the second quarter. Commercial and multifamily mortgage debt outstanding rose 1.5% in the second quarter, to $3.44 trillion, the Mortgage Bankers Association reports, based on an analysis of the Federal Reserve Board Flow of Funds data. Amid the current credit crunch turmoil, […]