Short Sales

Oct 4th	The Consumer Bailout For Home Owners That Nobody Seems to Know About
2008	Categories: Foreclosures & Bank Owned, Short Sales

Here is a great article I just came across that I wanted to pass on to potentially help some home owners that are struggling right now here locally in Santa Barbara as well as nationally. I have copied and pasted below the first section of the article exacty as it appears on the RISMEDIA website. "RISMEDIA, Oct. 1, 2008-As congress considers various bailout proposals for the financial system, there is a little known ‘bailout’ for home owners that has already been enacted into law, according to Gibran Nicholas, Chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers. Section 1403... Read more

Tags: bailout for home owners, consumer bailout

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Apr 22nd	Are Short Sales a Good Path to Santa Barbara Real Estate Ownership?
2008	Categories: Buyer's Resources & Advice, Seller's Resources & Advice, Short Sales

At the beginning of 2008, I wrote a few articles about short sales and foreclosures in our local areas here in Santa Barbara, Goleta and Carpinteria.  At that point, we had only seen a handful of foreclosures in our areas and most of these were in the entry level condo market from the $300,000 to $650,000 price point as well as track homes from the $590,000 to $800,000 price point.  Short sales were also just starting to creep up in our local areas within the same market and price points. Now in the last several weeks, we have started to see a definite increase in short... Read more

Tags: santa barbara real estate, short sales carpinteria, short sales goleta, short sales santa barbara, short sales santa barbara real estate

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Apr 2nd	Any Great Short Sale Opportunities in Santa Barbara and Goleta CA?
2008	Categories: Buyer's Resources & Advice, Short Sales

Over the last 4-6 months we have started to see an increase in the amount of short sales and foreclosures here in the Santa Barbara area...especially in the Goleta and Carpinteria areas.  Almost all of these have predominantly fallen into the price point from $250,000 to $800,000. Question - Is a short sale a great opportunity to buy a home for cheaper than market value? Answer - It can be if you have the time, patience and the wherewithal to deal with a lot of potential frustration, uncertainty and waiting? What is a short sale? - A short sale is simply an unfortunate situation where... Read more

Tags: carpinteria short sale, goleta short sale, santa barbara short sale, short sale opportunities, steps taken for a short sale

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