Behind Closed Doors

Feb. 17, 2014

Pasadena's Home Selling Season is Here!

Real estate is pretty cyclical, that is, it's pretty cyclical in a normal market.  Our home sales have been anything, but normal in recent months.  Homes for sale are scarce and buyers are struggling to get their offer accepted.

Home sellers that are thinking of selling their property are ...

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Aug. 29, 2012

Lock Bumping - Is Your Pasadena Home Safe?

A gentle reminder to all the home buyers in or outside of Pasadena.  CHANGE your locks and hire a great locksmith!


Congratulations! Escrow is closed and you just received the keys to your new Pasadena home.

Before you move into your new home, most Pasadena real estate agents will ...

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June 16, 2012

Selling Your Home? Generate Multiple Offers!

Selling your Pasadena home?  Why is it that some homes sell immediately and others sit on the market?  What do successful home sellers do to generate offers?

Did you know that if you price your home at market, only 60% of potential home buyers will take the time to look ...

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March 20, 2012

National Mortgage Settlement Affects Pasadena Home Inventory

Now that we understand what Shadow Inventory is and how the Robo Signing fiasco created a backlog of distressed homes waiting to be released on the Pasadena real estate market, let's take a look at what role the National Mortgage Settlement plays in all of this.

National Mortgage Settlement ...

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March 18, 2012

How Will Shadow Inventory Affect Your Home Price?

A couple of weeks ago, federal government and Attorneys General in 50 states reached a settlement with major banks called the National Mortgage Settlement.  I’m sure you have read and seen from the newspapers and on tv about the current state of affairs in the real estate market and ...

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March 15, 2012

Real Estate Investors: Bulk Foreclosures for Sale

Homes for Sale - Real Estate - Bulk ForeclosuresThere has been much talk about the government selling bulk foreclosures which will be converted into rentals. What will this actually mean to the housing market? For the answer to that question, we go directly to the 2/28/2012 Senate testimony of the person making the decisions on this ...

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March 3, 2012

FHA Loans More Expensive?

Many Pasadena home buyers turn to HUD for their FHA financing to purchase their home with minimal down payment. Unfortunately, April 1, 2012, these loans will be significantly more expensive.

[caption id="" align="aligncenter" width="640" caption="Photo courtesy of Jeremy Brooks via flickr"]Home Loans[/caption]

The cost of borrowing is ...

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Feb. 28, 2012

Mortgage Debt Forgiveness - What IRS Wants You to Know

Did you short sell your Pasadena home last year?

If so, the lender wrote off some debt to make your home sale happen.  The question that comes up is "Do I have to pay taxes on the amount that the lender wrote off?"  It depends... Canceled debt is normally taxable ...

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Feb. 10, 2012

Largest Mortgage Settlement Deal in History - Do You Qualify for Relief?

Today, Federal and State officials announced the largest mortgage relief settlement, $26 billion dollars, aimed to address the robo-signing scandal where banks seized foreclosed homes without appropriate paperwork.  The deal settles potential state charges about allegations of improper foreclosures.

What does it mean for you?

The settlement sets up a ...

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Feb. 2, 2012

4 Tips on First-Time Homebuyer Credit Repayment

Pasadena first time homebuyer in 2008? Did you buy your Pasadena area home under the The Housing and Economic Recovery Act of 2008?  If so,  you most likely received up to $7,500 which needs to be repaid over 15 years. It is very different from the Obama's stimulus ...

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