East Bay Realty Pro Blog

Although some of the cities most devastated by foreclosures are experiencing decreased numbers, others that have been mainly spared appear to be the next to be hit. An article from cnnmoney.com, “Foreclosures: How Bad Is Your City?” indicates that the “third wave” of foreclosures will come from “option-ARM resets.”
Seattle, Minneapolis and Phoenix were three cities [...]

[Read more →]

New Federal Reserve regulations to protect consumers are due to go into effect on July 30th. Soon, lenders will be required to provide borrowers with an estimate of their mortgage costs within three working days of the loan application. In addition, the only upfront cost that may be collected prior to this disclosure is an [...]

[Read more →]

As everyone knows, the real estate market is in the doldrums; however, several factors indicate a current opportunity for both buyers and sellers. Interest rates fell for the third week in a row to an average of 5.14%, great news for buyers and those who wish to refinance. This is not the lowest ever (4.78%), [...]

[Read more →]

In trying to get a leg up, some buyers, at conceivably great risk to themselves and the sellers, are submitting offers on a number of properties all at the same time. People are throwing out these simultaneous bids, predominantly on short sales and bank-owned homes, in the hopes one will stick. If they intended to [...]

[Read more →]