Behind Closed Doors

Jan. 24, 2010

California Foreclosures Statistics: What Happens at Home Auctions?

What really happens when properties finally hit the auction block? Well... here's an interesting chart looking at all the foreclosure home auctions in the state of California from December 20098 through 2009. It shows that most of the properties are bought back by the bank - take a look at ...

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Jan. 12, 2010

A New San Marino Foreclosure on the Real Estate Market

San Marino and foreclosures are not synonymous. There were only 2 bank owned homes in San Marino last year. Well, we have a new one on the market now.

2810 Lombardy Road in San Marino was auctioned off on November 6th 2009 and reverted to Index West LLC when there ...

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Jan. 10, 2010

Pasadena Foreclosures: What Can We Expect in 2010?

There's a lot of talk about the "shadow foreclosure inventory" across the country - homes that are in the pipeline for a foreclosure or have been foreclosed by the bank, but not released or listed on the real estate market and are not part of the existing inventory.

On December ...

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Nov. 23, 2009

Takeaways from the National Association of Realtors Convention

I was fortunate to attend the National Association of Realtor's (NAR) convention earlier this month in San Diego. More than 20,000 US real estate agents and over 1,000 international Realtors were in attendance. It's always an exciting experience to meet agents from around the nation and ...

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Oct. 22, 2009

Do you need a Buyer's Agent when you're shopping for a home?

There are more than 1/2 a million real estate licensees in California alone! Department of Real Estate is reporting that as of the end of August 2009, there were 514,320 licensed real estate practitioners. Last month, over 1,500 real estate agents and real estate brokers received their ...

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Oct. 18, 2009

3 Reasons to NOT to call a Real Estate Agent

I get multiple phone calls from home buyers and home sellers weekly. Most folks that call me are very courteous and need guidance and advice with their real estate decisions. Some, unfortunately, are not as up front and honest and call me to pick my brain so that they can ...

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Sept. 27, 2009

Multiple Offers and FICO Scores - What You Need to Know when Shopping for Pasadena Homes for Sale

My emphasis on this Pasadena real estate blog has been to provide both home buyers and home sellers the most up to date data of what is going on in our local real estate market. Recently, I've been mentioning that multiple offers have been prevalant in Pasadena and surrounding ...

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Sept. 24, 2009

Highlands Tonwhome for Sale in Pacific Palisades - Minutes to Beach and Hiking Trails

Incredible opportunity to own a townhome in Pacific Palisades. A rare, corner unit with mountain views!

Palisades Collage

List Price: $685,000 MLS#: 22129972

Year Built: 1978 Bedrooms/Bathrooms: 2 bedrooms and 2.5 baths

Interior Square Footage Data per Assessor: 1,568

HOA (Home Owner Association) Dues - $431

Parking - 2 car ...

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Sept. 3, 2009

Pasadena Home Buyers: Your Escrow is in Danger of NOT Closing due to Station Fire

With Station Fire burning for the last week or so, home insurance carriers are taking a strong stand when it comes to providing fire insurance to Pasadena home buyers.

Station Fire Action

A United States Forest Service air tanker drops fire retardant next to a line of fire as the Station fire burns ...

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Aug. 28, 2009

Pasadena Home Owners and Borrowers - PMI Can be Deducted!

PMI stands for Private Mortgage Insurance. This is an insurance that protects lenders against potential borrower defaults and is usually a requirement for any home loans where the home buyer puts less than 20% down.

Historically, PMI was one of those real estate expenses that could not be deducted, but ...

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