Being one of the HAFA certified realtors, I am concerned about HAMP because so many put their hope in it.Â Well, the latest news are pretty disappointing and the truth is we knew all along, because being in touch with the home owners, trying to retain their homes, helping them with their real estate problems, gives us a first sign of the news to come.Â But anyway, hereâ€™s the news:Â
HAMP is the program put in place by the Obama administration to help home owners retained their homes. Instead of helping 3 million to 4 million struggling mortgage borrowers keep their homes, as originally projected, HAMP will prevent only about 700,000 to 800,000 foreclosures. That number is dwarfed by the 8 million to 13 million foreclosures expected to occur by 2012.
Through the end of October, there have been only 519,648 permanent modifications made. AND a lot of them are not permanent as you might think!
Now check out the graph further above and let's talk:
Â I would like you to make this simple connection:Â There is a lot of home owners loosing their homes and at the same time , there is more and more houses sold for cash.Â If you naively think that there is little money to buy, you are making a mistake. Â There are plenty of buyers nowadays, they are just a different group of buyers.Â These buyers have cash, they buy the houses that have been lost by the home owners.Â That is a very simple equilibrium equation to see in theÂ real estate market:Â More sellers are loosing homes, more buyers are buying the houses for cash. Â
The reason why the cash sales have increased so much is because when the homeowners do not buy, the inventory of houses grow bigger, the prices fall down, the investors get in the market and buy with cash. Â
But watch out, this means that at some point , the inventory will be less, the prices will stabilize and if the economy follows and lenders provide good loans again, the individuals wishing to buy a home for themselves will get back on the market.Â And these homebuyers are usually willing to pay more than the investors, because they are not there to make profit, they are looking for a home for their family. Â Then the pool of buyers , which by the way remains nearly in the same amount, will switch again to home buyers instead of investors. Â
It is part of the cycle, and the important thing is to know where we are in that cycle.Â You need to know what your market is like and each area is a slightly different place of the cycle. Â
If you're wondering what this means for you, call me for a private conversation.
Real estate market changes can create tough situations for homeowners. If you know a friend, a neighbor or a family member Â that is struggling with home ownership because of a job loss or other life-changing event, please let me know how I can be in touch with them to be able to help and have a private conversation with them. As a real estate professional, it is my job to know what types of solutions are available for people that may be in a tough position.
Acheter: Pour ceux qui sont interesses a acheter une bonne affaire immobiliere a LOS ANGELES, nous vous donnons la liste des reprises de banques Â gratuitement et sans obligation d'achat ou de vente immobiliere. Â Nous travaillons avec votre budget.Â
Muriel LEVIN, Realtor
Short sale and REO specialist
Agent Immobilier en Californie, Los Angeles
+1(323) 363 9140
For more informations, email et courriel to : Â email@example.com
More than ever you need a goodÂ real estate agent to help you.Â
We, at Coldwell Banker, are excelling in our field because of our experience and responsible professionalism.Â The proof is that our company is up 485 from last year.Â That speaks for itself.Â We encourage you to give us a call and see for yourself how good it feels to be in good hands. Â Â
Again my numberÂ is (323)Â 363 91 40 and you can call anytime.
am showing you a map of the foreclosures today , December 9, 2010, in the zip
can show you the same thing for any day or area. Just free for the asking.
are actually 30 properties that are for sale in that area and are somewhere in
the process of foreclosure . Â That includes notice of default, short sale
and foreclosures. Â If you are interested in knowing more, call me at 323
363 91 40
will send you further information. Â
you would like to receive a list of the foreclosure in a different area, leave
me a message or send me an email and I will send it to you asap.Â
the people unfamiliar with the process of buying this type of property, I will
guide you through it to make you feel more comfortable because you will know
What I am showing you is only what is for sale. Â There are
many more waiting to be put on the market and this hidden inventory
Â affect real estate market, whether you are a buyer or seller. Â If
you're wondering what this means for you, call me for a private conversation.
Real estate market changes can create tough situations for
homeowners. If you know a friend, a neighbor or a family member Â that is
struggling with home ownership because of a job loss or other life-changing
event, please let me know how I can be in touch with them to be able to help
and have a private conversation with them. As a real estate professional, it is
my job to know what types of solutions are available for people that may be in
a tough position.
Pour ceux qui sont interesses a acheter une bonne affaire immobiliere a LOS
ANGELES, nous vous donnons la liste des reprises de banques Â gratuitement
et sans obligation d'achat ou de vente immobiliere. Â Nous travaillons avec
sale and REO specialist
Immobilier en Californie, Los Angeles
more informations, email et courriel to : Â firstname.lastname@example.org
Today, because of the special offer I am making, I am going to talk about Home warranty.
What is a home warranty?
A home warranty is a service contract that covers the repair or
replacement of many of the most frequently occurring breakdowns of home system
components and appliances.
Why do I need a home warranty?
Your home is most likely one of your biggest investments.
Unexpected repair or replacement costs can easily strain your budget. Plus,
finding an approved and insured contractor to solve your problem can be
stressful and inconvenient. A home warranty cannot prevent systems or
appliances from breaking down, but it can help make covered repairs or
replacement easier and less costly.
How does a home warranty work?
When a covered item breaks down, request service by calling
1-323-363-9140 to speak with a representative or visit us online at www.muriellevin.com. Weâ€™re here 24 hours a
day, 6 days a week to accept your service request. After your
service request is received, one of our approved and insured contractors will
contact you to schedule a time to diagnose your problem. A low Trade Service
Call Fee, per trade, is due when the contractor arrives to diagnose the
I am offering until the end of the month, a credit of $300 toward the purchase of a Home Warranty if you list your house for sale with me. Â Please give me a call and I will be happy to discuss what would be the best coverage for your property. Â
muriellevin Â at Â Coldwell Banker.com
Call for a free consultation.
Votre agent immobilier a Los Angeles, Californie
I just wanted to warn everyone that there has been robberies at open housesÂ in the Los Angeles Area.Â As the economy declines, burglaries are more common, Unfortunately.Â The people committing the crimes are looking to appear very innocent people, sometimes accompanied with children, sometimes wearingÂ business attire and do not look suspicious at all.Â All the more reason to beware!
They come alone or in pair and keep you busy while someone else goes through the drawers in the bedroom.Â They take whatever they find that is portable (small expensive items).Â
Be safe above all and make sure to tell the owners not to leave any valuable in the house on that day.
Have a great day!
Realtor, Coldwell Banker Hancock Park
Agent Immobilier a Los Angeles, Californie
(323)363 91 40