In early 2010, Big Bear Lake, CA had a record snow storm. Along the coast of So Cal, many cities were pummeled with severe flooding. Big Bear was covered in at least five feet of snow. Some areas of Big Bear, like Moonridge, suffered more, but the entire community worked together to ease the suffering of others nearby. Continue reading
A very common question that I am asked these days is ” What exactly is the difference between a short sale and a REO?” Typically I then go into a detailed explanation of the negatives and positives and eventually make then understand that REO’s are for sure the way to go. I’ve had a few deals in the last couple of months that really bring that realization to light. Continue reading
It is very important that your Realtor knows the vast difference between a REO, a bank owned property, and a normal listing. If your Realtor isn’t aware of the differences between the two, you could end up losing your money, or worse yet, the property you desired to purchase. Let me explain how this could happen. Continue reading
There is definitely one positive thing that has come out of the housing market being in the gutter, and that would be the fact that a lot of bad agents have been weeded out. The better news for you is that if you are in the market right now, chances are that you will be able to find a very knowledgeable agent to represent you. In the past agents typically did a lot of their work in an office setting, and these days they need to be out doing the legwork to satisfy their clients. But though there are now more few and far between, be sure to avoid less experienced realtors. Continue reading
A little while ago, some clients of mine made an offer on an REO. Everything seemed to be proceeding according to plan. Continue reading