CALIFORNIA FORECLOSURE REAL ESTATE MARKET CONDITIONS

CALIFORNIA FORECLOSURE REAL ESTATE MARKET CONDITIONS

First thing first - we need to get ride of the HVCC. If you're in the real estate game you know - this is a problem. Do something about it and sign the petition - Help get rid of HVCC at: http://www.HVCCPetition.com .

A quick video on what's been going on with the market. I'm a firm believer on looking at numbers and ALOT of numbers. If you can read the charts - you can block out the noise from the media and make an educated guesstimate on which way the market may go.

With the backlash of Senate Bill 1137 we saw another record fillings of NOD's in California. In my previous video (http://www.youtube.com/watch?v=2ZP8Vuf2wUk) I made in Jan. I spoke about what may happen. I stated we may see a huge drop in price in May, June, July... or something to that tune.

Well... we just saw another moratorium pass - I am behind the 8 ball on this... I just finished the first 3 pages only... you can read the actual draft here...

http://www.corp.ca.gov/OLP/pdf/rm/ForeclosurePreventionDraftRegs.pdf

With record NOD fillings and high unemployment rate - can the market soak up all of the inventory that is about to hit the market? Only time will tell...

One last thing...

A pending Senate Bill 94 will kill the loan modification companies... I'll post a video on my take later on this week.

Jeff Coga
The Short Sale Samurai

Category:

Education

Tags:

• shortsalesbuyers.com
• HVCC
• CA Foreclosure
• Senate Bill 1137
• Market Conditions
• Notice of Defaults
• Foreclosure
• Short Sales
• Julio Maldonado
• Roberto Olmos
• Short Sale Samurai
• Senate Bill 94

[USNDeepsea1991]

Can you please clearify your position. You want to get rid of the code of conduct?

[ShortSalesBuyers]

Absolutely. We don't need more government intervention. They are on a witch hunt to point fingers at the appraisers... saying they caused this bubble... instead of looking at the loose monetary policies.

On top of all of this... cause of appraisal has gone up because of the management companies... and guess who own these management companies? The same lender who are taking these losses.... can you say... another project channel?

[sprucepantherkmt]

@ShortSalesBuyers rofl ur such a terrible conman 

[troybrownrigg]

Appraiers were at fault how does a home increase 300% over a four year period. Country wide found and exploited the flaw with FNM/FRE and sold every mortgage possble asap, at that point there was no risk to the lender as they wouldn't own the mortgage in a short period of time.Alot of people should be in jail.

[Ibuysellinvest]

THANKS BRO FOR THE INFO

[onewingedsky]

wow! what a eye opener. thanks for the info jeff.