Monday, February 25, 2013

Short Sales to Stay Popular for the Next Two Years





MBA: Short Sales to Stay Popular for the Next Two Years
In a panel session at the Mortgage Bankers Association’s National Conference & Expo recently, industry professionals voiced their opinion on whether or not short sales will be a driving force behind the housing recovery.
“We’re seeing quite a bit of activity increasing in the short sale industry this year and I believe it will continue into 2014,” said Wingspan Portfolio Advisors CEO Steven Horne.
Over the past year, short sales have increased considerably and are rapidly establishing themselves as a tool of choice for servicers. “Last year we set a new record for short sales, we passed the 1 million mark for the first time in history,” added Rick Sharga, executive vice president of Carrington Mortgage.
However, despite its strong growth, challenges still loom with short sales.
“Second-liens are clearly still an impediment,” Sharga stated. Oddly enough, the buyer is often an impediment, added Sharga, who says there’s often a waiting period while the buyer scrambles to gather their paperwork after the short sale is approved.
Sharga continued, stressing that not much has been done thus far to educate short sale buyers. “I don’t think there’s a concerted effort to educate consumers about the process; and only a half-hearted effort to [educate] borrowers who’ve found themselves in distress,” said Sharga.
This education seems to be crucial as short sales don’t seem to be going away anytime soon. With an emergence of large-scale funds that are turning homes into rental properties, more short sales seem inevitable, said Wingspan Portfolio Advisors CEO Steven Horne.
“I think we’re going to set a new record for short sales in 2013,” concluded Sharga.

Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com

Short Sales to Stay Popular for the Next Two Years

Wednesday, February 13, 2013

New Condo Listing in Murriete

41764 Ridgewalk St. #2 Murrieta CA




 Beautiful 3 bedroom, 2.5 bath condo in the Amberwalk Community. A newer gated complex in the heart of Murrieta near City Hall, Library, schools, shopping and walking distance to Old Town Murrieta. Kitchen open to Dining Room/Living Room. Fireplace in Living Room. Will make a great rental or perfect for the first time home buyer. Pride of ownership.


Real Estate Talk with Bob and Randy on KCAA Radio"
Realtor Bob Bishop and Randy Guth have launched a new real estate talk show on the NBC affiliate station KCAA Radio 1050 am in Loma Linda California. The show airs every Thursday from 3:00 pm to 4:00 pm. Real Estate Talk features the latest real estate ne...Read more

Friday, February 1, 2013

Real Estate Talk W/ Bob and Randy


WATCH US LIVE VIA POD CAST

Stop Foreclosure Now Ask Me How


The Home Owner’s Guide to Real Estate Short Sales

Inside you’ll discover how you can…

Sell Your Home For Less Than You Owe.
Have Your Lender Pay All the Fees.
Avoid Foreclosure, Save Your Credit and
Owe Absolutely Nothing!
Call now for your FREE copy


Short Sale Now Ask Me How


By Realtor Randy E. Guth
951-347-9773
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Wednesday, December 19, 2012

REAL ESTATE TALK W/ BOB AND RANDY

Exit Inland Realty. Riverside Real Estate Co. goes on the air Play Podcast 
With Real Estate Talk w/ Bob and Randy Every Thursday on KCAA 1050AM from 3pm -4pm
Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com
For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT' http://kcaaradio.celestrion.net/kcaa-podcasts/exit/20121213.html

Wednesday, December 5, 2012

REAL ESTATE FOR SALE IN RIVERSIDE

Buyers Beware! Inventory is Low to choose from...single story properties

Despite the ongoing foreclosure market inventory for buyers to choose from is low. Usually buyers and Realtors have between 6-9 months inventory to work with giving buyers a good number of choices. But due to the robo-signing mess more than 16 months worth of foreclosures were put on hold till they completed their selttlement with the 35 attorney generals from states accross the US.
Also, in my opinion I think the banks didn't want to wade into the election appearing to take sides so they slowed down the number of foreclosure filings earlier in the year so as not to have too many people featured getting thrown out of their houses on CNN, Fox news, etc. Also, with the decline in inventory with more people bidding on fewer available properties this cause prices to rise and headlines to say prices are rising the bust is over. So starting in July foreclosure filings were up 7% over 2011 and the same is for August. If you calculate the foreclosure timtable which is 3 months and 21 days the foreclosures filed in July will start to go to foreclosure sale right after the election and I expect the number of filings will continue to rise.
So for discouraged buyers who are having a hard time finding enough properties or tired of battling multiple offers their is hope! Hang in there and more choices are coming and with the rise in inventory most of the price increases will decline throughout next year and there will be bargains to be had if you are patient.
RIVERSIDE CA – EXIT INLAND REALTY Because buying and selling a home is a big decision, Exit Inland Realty in Riverside, CA is your real estate source for Riverside, Canyon Crest, the Wood Streets and the University of California (UCR) area. You will have step-by-step guidance to make the buying/selling process as smooth as possible. Call us today at: 951-300-1010. You are our #1 priority. Please give us the opportunity to prove it!