Those of my readers who were ever in the real estate industry or those of you who wonder how Southern California became the subdivision capital of the world, can enjoy a look back into the industries history in a recently published novel “Boom Builder” Boom Builder was written by Gold Country Medias former “Placer Pundit” …
Category Archives: Myths
When the Escrow Fails Does the Deposit Go to the Seller?
What happens to the deposit when an escrow falls apart?
Do You Have to Be Behind in Your Payments to Get a Short Sale?
Getting behind in payments makes no sense if you want a short sale approved!
Can The Lender Go After My Retirement Funds?
Retirement accounts are protected in California. Talk to your tax or real estate attorney. They can write a letter addressed to your lender stating that your savings is in a protected retirement account. This should be adequate. Lenders are doing everything they can to minimize their losses.
Why Lower My Price When the Median Price is Going Up?
Leslie Appleton Young, Chief economist for the California Association of Realtors, recently reported that the May [2010] sales in California were down by a whopping 25% while the median price of a home was up 4.8%! This does not mean that existing home prices are going up. It does mean however, that home sales are …
Is It Always a Lot of Work Maintaining Rentals?
Investors purchase properties expecting a return on their investment. The return can be from rents, appreciation or adding value like you did by fixing up the property. The value added to a property through rehabilitation is generally more immediate and over time can have a much higher rate of return. I don’t understand why you …
