A blog about the San Luis Obispo County Real Estate market, how it's doing, what's going on, etc.
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Historically Low Interest Rates, The 2nd Factor That Should Make Today’s Buyers Absolutely Giddy
Published on 2012-01-11 02:00:35
Last time we were together it was resolved that today’s potential home buyer enjoys a ‘home court advantage’ of sorts. Simply, due to the high supply of homes caused by a necessary market correction…err..eh..’foreclosures’…compared to the relatively low demand (number of sales), today’s market can be categorized as a “Strong Buyers Market”. This is incrediblyRead More »
Home Inspections and Requests for Repairs
Published on 2012-01-05 13:07:27
I recently showed a bank-owned home to some first time buyers. As bank-owned homes go, it appeared to be a gem. Section 1 pest work had been completed, the house had been freshly painted, and the landscaping was trimmed and healthy. The bathrooms weren’t scary, there was no suspicious “moldy” odor permeating the house, norRead More »
You may not have to pay a Short Sale Deficiency
Published on 2011-11-28 10:40:06
As a general rule, a mortgage lender is prohibited from pursuing a short sale deficiency or deficiency judgment resulting from a short sale on residential 1-to-4 unit properties. Where applicable, a mortgage lender involved in a short sale is prohibited from engaging in any of the following acts: Collecting a deficiency Having a borrower oweRead More »
