Shelley Gross's (shelleyg) Blog

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Real Estate Agent - Pacific Inter Capital Solutions
RECENT BLOG POSTS
If you've been looking all over the Internet today, you'll see that housing sales are going up. Of course, they are. It is the investors that are buying in areas where the banks are releasing all the foreclosures. This is not what is happening in my area, Los Angeles. At this time, there are very...
05/10/2010
Stop Foreclosures - Los Angeles There is more and more conversation regarding strategic defaults. And that only makes sense since the number of borrowers deciding to take this path is increasing exponentially. What is a strategic default? Let's first define strategic default in simple terms. Acco...
05/06/2010
Stop Foreclosures - Los Angeles. Homeowners need to address their problems post haste!!!  I agree that the banks put us into this mess, but the lack of people addressing their problems is resulting in more and more properties being foreclosed on. Property auctions and foreclosures are ruining the...
05/04/2010
The Forensic Audit scam; don't be a victim. Scams just don't seem to end. Now we have another scam, called the Forensic Audit, that milks money out of those in the process of foreclosure. It makes homeowners believe that they can sue the lender, so that they will be able to save a fortune on prin...
04/28/2010
This time around the tax credit didn't make much difference in home buying. During the last few months the purchase of homes has been very slow. Sales of homes only improved slightly from January. We may see improvement if the banks release the foreclosures and accept realistic prices for short s...
04/21/2010
More foreclosures, short sales, and economic woes to come. Yet people like the CEO of Goldman Sachs, Lloyd Blanfein, were able to procure bonuses of 9 million dollars. They are now under investigation for investor fraud. The company's goals, which they always stated, were to protect their investo...
04/19/2010
  The economy is improving, or so we are being told. Is there such a thing as mind control? Obviously, that's what some believe with all the articles on how the economy is improving.  I read about how great things are in the newspaper; everything is wonderful; the recession is over.  Is the reces...
04/11/2010
Strategic default; I thought that I had heard everything. Another term has popped up, just as I thought that I had heard everything happening with defaulting mortgages and short sales; strategic default. A strategic default is walking away from a mortgage because the borrower believes that it’s i...
03/30/2010
Governor Schwarzenegger signed Assembly Bill 183, which means tax benefits will continue in California for first time home buyers and others who purchase previously unoccupied properties. Will this stimulate the economy? I certainly hope so. Realistically, how many construction jobs will be creat...
03/26/2010
What I learned about short sales in Los Angeles thanks to Wells Fargo was important in today's market. Yesterday I attended a program from Wells Fargo and everyone who was trying to do a loan modification was there. The representatives of the company came from all over the United States. There we...
03/24/2010
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Shelley Gross

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