by Phyllis Rockower | Jul 6, 2012 | Housing News
New half baked idea by govt to “solve” housing problems. San Bernadino county wants to seize underwater mortgages by eminent domain, modify them so homeowners can stay in their house. I am totally opposed to this. I had a property I owned seized by eminent...
by Phyllis Rockower | Jun 15, 2012 | Articles
Every time you make an offer to a bank, be prepared to close. There is no assignment regardless of what some “guru” tells you. You can do a double close but it is risky and complicated. Your deposit is at risk unless you have someone who is willing to put...
by Phyllis Rockower | Jun 13, 2012 | Housing News, Phyllis Says, Real Estate News
Can you believe it? After years of bulging inventory of reos, the days on market has shrunk to an amazing 33 in L.A. Because of several reasons: Interest rates so low makes for a positive cash flow situation for buy and hold Upside down home owners not putting houses...
by Phyllis Rockower | Mar 14, 2012 | Housing News, Real Estate News
The deal gives 5 major services-NOT NECESSARILY THE BANKS, incentives to write down the loans of severely upside down homeowners. Most of these home loans are not owned by the banks and might trigger litigation by the investors whose money it actually is. CA. was a...
by Phyllis Rockower | Mar 9, 2012 | Economic News, Housing News, Real Estate News, Uncategorized
Local Ca. law firm cited for fraud. Wow- i thought that only attorneys could do this because they can charge an upfront fee and call it a retainer. They claimed to have special relationships with banks so that they can get loans reduced because of fraud. They also...
