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We know the foreclosure activity picked up. We also know that we have brisk activity when writing offers, many times, at a multiple-offer situation. So it wasn't a shock to see this headline that talked about repossessions in the Bay area soaring. Read the storyIn the Bay Area, mortgage companies recorded 18,516 notices of default, up more ...

Doom and gloom news are always sensationalized. So from time to time, it helps to have a reality check. Kudos to First American Title Company who shares with us the Market Watch newsletter by a dynamo of a woman, Carole Rodoni. Carole is a sought-after speaker (and the much-revered ray of hope for the battered northern California market). We ...

No matter how many times you try to explain what a short sale is and what is involved, it is always a good idea to set expectations at the very beginning. Then follow up with a written explanation -- be it an outline, an email, a question and answer ---- anything that the Buyer can refer to because invariably, there will be some ...

I have searched several sites, blogs, etc. for a concise answer to the question on the effect of a short sale on one's credit score. It was mind-boggling to find so many different answers. And I am just as befuddled. For sure the credit score has to be negatively impacted since banks will surely report late payments. To approve short sales, a ...