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Displaying all 12 submissions
What is Shadow Inventory/Foreclosures?Everyone is talking about Shadow Inventory and how the banks are controlling the market. So what is Shadow Inventory then? Basically, when a Trustee auctions off a mortgage in default and no one purchases it at the auction. The Bank takes back the collateral, the property, in exchange of the note it was defaulted on. Typically, the bank then turns the property over to an asset manager w... more...
Blogged on 6/17/2011
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Sellers in Marin — Where are they?Buyers are getting active out there. They are showing up at open homes, searching the internet and waiting for the right home to pop up. Here in Marin, inventory is low and buyers are plentiful. We were expecting an increase in the inventory of homes, but so far this has bucked the normal trend for this time of year. With fewer properties hitting the market these... more...
Blogged on 2/16/2011
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Patience is a Virtue in a Short SaleShort sale. It sounds quick, but it’s anything but. Buyers today are looking for value and a bargain, and the distressed home market is the place to be looking. A short sale is when the seller of a property is requesting their lender to accept a short payment of the principle balance of their loan. For example, a seller owes $500,000 to a lender and they have an offer from a bu... more...
Blogged on 12/2/2010
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Sewers in MarinHave you ever heard of a sewer lateral? If you are thinking about purchasing a home or selling one in Marin, it is going to be a big issue. The 9 Marin waste water agencies are promoting and educating homes owners about their responsiblities with their sewer laterals, see the Marin IJ artical today, http://www.marinij.com/marinnews/ci_15947743. Not only in Marin, but Bay Area wide, ... more...
Blogged on 8/31/2010
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Trolleys in MarinTrolleys in Marin? There is a new group that wants to bring public transportation to the Marin corridors. The idea is to have a trolley system that moves people from their homes to downtown areas, or the Smart Train and ferry systems. Learn more about in the initiative here. Like in San Francisco, the trolleys would be in the roadways and would come every 15 to 20 minutes. People could take th... more...
Blogged on 7/21/2010
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Five Things To Consider Before a Short SaleShort sales are a long process for both a seller and buyer. Whether you are a seller considering selling your home or a buyer looking to purchase a home in a short sale, there are a few strategies to keep in mind. The seller, buyer and lenders need to work together to have the success of closing a deal. Here are a few things to think about with a short sale: BUYER & SELLER: Use a professi... more...
Blogged on 5/31/2010
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The CraigsList Rent ScamHave you ever cruised through CraigsList looking for a house to rent? You finally find one that is in the right neighborhood and it is available at a great price. Actually, it is well below the current market rate. You jump into your car, drive to the home and can’t believe what you see. You begin by checking out the yard and looking into the windows. You notice that real estate sign... more...
Blogged on 4/21/2010
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Marin's Economic RecoveryOn Tuesday the Marin Independent-Journal reported on the economic outlook of the Bay Area and Marin. We may be down, but we’re not out yet. As we move to recovery, the leading areas for recovery are biotech, digital arts and green technology. And while real estate was one of the drivers for the recession, the article offered some pretty interesting facts. Did you know that there were 68... more...
Blogged on 1/28/2010
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Mortgage Debt Relief ExtendedThe Mortgage Debt Relief Act of 2007 was extended though 2012, as part of the Emergency Economic Stabilization Act. The original provisions on this Act stated that it was only good through the end of 2009. The Act generally allows taxpayers on their primary residence to exclude income from discharged debt through mortgage restructuring or foreclosure. Up to $2 million of forgiven debt is eligib... more...
Blogged on 11/9/2009
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Marin ForeclosuresThe news is out about the increase in notice of defaults for Marin County. The number of defaults for the third quarter of 2009 increased 66 percent compared to the third quarter of last year. You can view the full article from the Marin Independent-Journal. In Corte Madera, there were 13 notices of default in the third quarter of 2009, per the tax records on Realist. In this same period, there... more...
Blogged on 10/21/2009
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Corte Madera Real Estate Home SalesIf you are looking for Corte Madera real estate, here are a few stats to help you: Currently, the most active homes are in the price range of $1,000,000 thru $1,249,999 with 5 available homes. Over the last 6 months, the most sold homes at 7 were in the $950,000 thru $999,999. For more information visit McGuire’s Local Explorer. more...
Blogged on 10/8/2009
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Mill Valley Real Estate Market UpdateIf you are thinking about purchasing Mill Valley real estate. here are some numbers to look at this week. The largest number of available homes for sale in Mill Valley is in the price range of $1,250,000 thru $1,499,999 with 24 available homes. Over the last 6 months, the largest number of homes sold is 22 in the price range of $1,000,000 to $1,299,999. For more statistics visit the McGuire Loc... more...
Blogged on 10/7/2009
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