Regardless of what the banks would like you to believe, loan modifications and short sales should be getting easier to accomplish, thanks to the U.S. government. Here's a link to an article from today's L.A. Times.
Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Indeed! It's about time the financial industry caught up the the current real estate trends. Foreclosures and short sales are a huge driving force in the current market along with first-time home buyers. Agents have realized that they must re-educate themselves on these types of sales to make them go more smoothly just out of necessity and sheer volume.
ReplyDeleteIt is obvious to most that anyone intelligent, that the lenders have to follow suit if they want to decrease costs through efficiency, and help to stabilize their client base financially.
http://www.neighborcity.com/CA/San-Fernando_Residential_For-Sale/