Whether you're attempting to sell Big Bear real estate or you're searching local real estate listings as a potential buyer, it's important to know the difference between a foreclosure and a short sale. Foreclosure is generally a worse outcome than a short sale, if you are the seller, but as a buyer of a distressed property, a short sale is often the more difficult process to negotiate through. Foreclosure for Owner A property that has been foreclosed on means that the owner did make the monthly mortgage payments … [Read more...]
The Proctologist Called…….
November 5, 2011 by Leave a Comment
And they found the bank's head! It's no wonder that the majority of short sales don't ever close escrow. There's not a week that goes by that I don't hear a story similar to the one below. Several months ago I had a short sale property in escrow located in the Boulder Bay area at 39029 Robin Rd. We had it in escrow for $465,000, and after 60-75 days of back-and-forth negotiating with the first lien holder, Freddie Mac, as well as the second lien holder, a private party, we were about 10-14 days away from … [Read more...]
Big Bear Real Estate Market Update – Thru June 2011
July 17, 2011 by 2 Comments
Big Bear Home Sales - Year to Date (1/1/2011 thru 6/30/2011) The Big Bear real estate market has slipped even further when compared to 2010, with home sales down 11% - 354 total sold in 2011 vs. 399 total sold in 2010 thru June. This drop is due in large part to a very slow sales month in June. There were 49 home sales in June, compared to 72 sales last June (32% drop), and down from 55 home sales in May. This is actually pretty surprising as sales should be going up this time of year, not down as they have been … [Read more...]
