“What’s causing all the foreclosures in San Diego?”
***ANSWER:
People ask me this all the time. The answer has many related parts. The causes include:
1. Subprime-
Too many people with bad credit (aka “subprime” or “non-prime”) were granted home loans. Surprise: people with a poor history of paying their bills didn’t pay their mortgage. Who’d have thunk it?
2. […]
“Hi Gary. I know you have a lot of experience. Suppose you have multiple offers on a home you’re selling. Other than price, what do you look for to decide which offer to accept?”
***ANSWER:
Excellent question, because there is more to an offer than price.
I also look at any closing costs the seller is asked to […]
“Hi Gary. I know you have a lot of experience. Suppose you have multiple offers on a home you’re selling. Other than price, what do you look for to decide which offer to accept?”
***ANSWER:
Excellent question, because there is more to an offer than price.
I also look at any closing costs the seller is asked to […]
“Gary: I am wondering if you can tell me the answer to this question. If a couple is going through a divorce, is either party permitted to purchase a new home in his or her name only prior to settling the divorce? Your input is greatly appreciated. Thank you, sincerely.”
***ANSWER:
First the obligatory disclaimer: I’m not […]
“I know you’re always saying to use an agent who’s experienced. But what about a lender? I’m going to be buying a home and I’d like to use a friend of mine who just started in the lending business. Do you think that’s OK?”
***ANSWER:
Not a problem…
That is if you don’t mind risking getting the wrong […]