Understanding the Housing Market

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Real Estate Broker/Owner - Move Up Properties - CA BRE Lic 01193694
Survived the mortgage meltdown and live to teach others how to buy and sell in Southern California's "move up" real estate market.
RECENT BLOG POSTS
  Look Out for Upcoming Changes to the HARP Program HARP allows homeowners facing difficulties refinancing their mortgage through conventional methods to apply for a refinance of their mortgage. A homeowner that is current with their monthly payments but unable to refinance due to a drop in the v...
02/28/2012
  How Could this Happen? Update from Original Post dated 2/19/2011 –   Just to update you again.  My arbitration hearing is set for this Friday, Jan. 20, 2011.  The board has my complaint with exhibits outlining all the details of my argument from start to finish. (Please read my post copied belo...
01/17/2012
  We all know that the passage of California’s SB458 on July 15th changed how we process short sales.  It’s most important aspect is barring junior lenders from having recourse against the borrower/seller or asking them for a monetary contribution or promissory note.  Although the decline of shor...
11/12/2011
  Well Bank of America did it again.  They foreclosed on a home owned by a single mother of five children, one a newborn last Monday after we were told numerous times that her short sale was approved. This hard working mother of five commutes to work every day from Victorville to Manhattan Beach,...
09/11/2011
  I’m witness to some odd occurrences with several of my clients, especially those associated with Bank of America.  Some clients were in foreclosure, but their trustee sales were cancelled and never rescheduled.  Or, the client makes partial payments for a year, gets turned down for a loan modif...
09/05/2011
I’m not sure if you have heard about or experienced the “bank walk away”.  If not, it’s coming to a neighborhood near you.  A bank walk away is generally a property in one of the following situations: 1. The bank begins foreclosure, the occupants move out, and the bank figures out they don’t want...
09/04/2011
  I need to take some aspirin for my headache but I’m feeling so much pain from my recent real estate negotiation that I don’t think it really matters.  I believe that in any real estate transaction there is a time to STOP negotiating.   Just when all parties have come to an agreement with NO add...
08/27/2011
  I find many homeowners who are afraid to ask what a short sale is.  They are afraid to ask because by now you would think that everyone would know what a short sale is.  But until now, they never wanted or needed to know.  Let’s try to bring them up to speed. It’s no surprise that the real esta...
04/21/2011
If a listing agent can unilaterally negotiate a commission reduction to the selling agent to seal a deal then why can’t a selling agent incorporate a commission increase on a counter offer or addendum in their negotiations as well? I am in the middle of a negotiation nightmare with a seller actin...
03/05/2011
How could this happen?  Well I found out that it can and it will.  Our commissions can be unilaterally compromised by any seller, not just a short sale lender when you least expect it. A new referral client contacted me late January to look at homes with her fiancé.  They are under a tight timefr...
02/19/2011
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Diane Wheatley

Broker, SoCal Real Estate Expert (909) 815-4499
local_phone(909) 981-5400
smartphone(909) 815-4499
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Survived the mortgage meltdown and live to teach others how to buy and sell in the "move up" market in California.

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