Real Estate Bubble?
If there is indeed a real estate bubble in the State of California, what factors are contributing to the recent surge in home prices? Who's responsible, and what should you do to hedge your investments. How does a downturn affect the economy and all those involved in the industry? Only time will tell, but in the meantime, I'll keep you posted.
Short Sale Real Estate
Short sales are becoming more popular among homeowners faced with the threat of foreclosure and bankruptcy. A short sale is simply when the amount owed on a property (mortgage) is higher than what the property can be sold for. Homeowners negotiate with their lender for a way to settle the loan without having to foreclose.
This benefits both the seller and the buyer. The seller gets out of a loan that cannot be funded, and the buyer likely receives a property for a good deal. Beware though, a competent lawyer and accountant can prove invaluable when working with a short sale.
900 Californians Foreclosing per Week
Interesting statistics about foreclosures in the first three months of 2007.
"Nearly 900 Californians a week are losing their homes because they can't afford to pay the mortgage — up from about 100 a week a year ago — providing fresh evidence that the housing market's troubles are nowhere near over."
Foreclosure pace nears decade high by David Streitfeld
Why choose a traveling notary?
Businesses who offer notary public services generally operate during regular business hours. For most people, finding time to look for a location, drive there, and hope the notary public is not busy is not an option. However, if you can travel during normal business hours to a nearby notary, then this is your best option since they may be able to do the work for less.
If you are interested in a notarization, please contact me with your information. Specifically, the document type, location, and time you wish to have the notarization. Also, please specify whether your document(s) contain notarial writing.
