Foreclosures
Tagged as:
From the Trenches,
Northeast Valley,
Northwest Valley,
REO/Bank Owned,
Southeast Valley,
Southwest Valley
Image courtesy of Stock Exchange user svilen001 Just a little blurb from one of our favorite title/escrow officers, Maggie Clark of Equity Title. This gives a good picture of just how much the REO (“real estate owned”, i.e. bank owned foreclosure) properties are driving the market lately. Southwest Valley – REO active listings represent 16% [...]
21 September 2009
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First Time Buyers
Tagged as:
From the Trenches
Another example of REO lunacy, about which I’ve written before. Our first time home buyer is being required to sign a document containing the following clauses. She must sign before the bank that owns the house will even look at her offer, which is one among many offers they received. These are the most heinous [...]
17 September 2009
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