Johnny ShortSales's (johnnyshortsales) Blog

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Real Estate Agent - Johnny ShortSales
RECENT BLOG POSTS
I have had recent success, quite by accident, through my Facebook profile.  I posted an investment property opportunity in Southern California and got a few leads from my friends that I would not have uncovered with a standard phone call or email.   Yesterday, I created a Facebook group for Kelle...
12/05/2008
Notice to all the buyers who are sitting on the fence and waiting to see if prices decline further:   If interest rates increase 1%, that's equivalent to 10% in purchase price.    Ask yourself, "Which do I think is more likely - interest rates increasing 1% or sales price dropping another 10%?"  ...
12/03/2008
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Example from Southern California: Buy and Bail   A homeowner purchased a house for $600,000 a few years ago.  The value of the homes in her neighborhood have steadily declined for the past two years and the market value of her house is somewhere around $450,000 today.    Because of the declining ...
11/03/2008
The people who took the conservative approach and bought a house they could afford are feeling like something isn’t quite right. I had a conversation with one of my clients the other day that went something like this: “So let me get this straight…I pay my mortgage every month, I bought my house w...
11/03/2008
If you're doing short sales, you'll quickly realize that your clients will need to have a legitimate hardship for a lender to approve the short sale.  Examples of legitimate hardship: loss of income, medical issues, death, divorce, etc.  These are long-term situations that cannot be remedied. Exa...
10/23/2008
Pretend you are moving to San Diego and you've never been there before.  You're committed to living in a beach community, but you don't know much about any of them.   What do you know about the beach communities in San Diego that would be useful for an outsider to know?  What do you wish someone ...
10/19/2008
We have great relationships with all the major banks - especially the ones who were offering the adjustable-rate products.  Sometimes you can keep your house and sometimes it makes sense to sell it.  Either way, it beats a foreclosure on your credit report.   If you know someone who needs to sell...
10/17/2008
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