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Short Sales Popping up Everywhere on The Westside of Los Angeles

By Latesummer2009   Follow   Fri, 6 Jul 2012, 2:52pm   278 views   2 comments
In Santa Monica CA 90403   Watch (1)   Share   Quote   Permalink   Like   Dislike  

Short pays are now the name of the game on the coveted Westside of LA. From Malibu to Beverly Hills, we are seeing more and more beginning to dominate different neighborhoods. Are banks releasing more, now that the pool of organic sales has dried up to a trickle? We are now seeing discounts from 25% to more than 50% in prime locations.

Just think what the real estate landscape might look like after the presidential election.

www.westsideremeltdown.blogspot.com

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1. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   1   4:21pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike   Pocket Listing Millonaire Realtorz being minted as we speak! LA real estate is so corrupt, im sure theres tons of 'outside of escrow' cash payments to agents to get steals - then they flip em and split even more money. I still dont see how that is fraud, the bank is free to foreclose and list it as REO with thier own honest team of agents. They can see the comps and walk the property before they accept a short sale offer - but they dont care due to taxpayers eating the loss. SO its cheaper to let a crook sell a pocket listing short sale to his buddy for 200k under market. Awsome ?!? (remember, a home is only an investment vehicle to get a big pay day without doing actual work, nothing more!)

2. lostand confused Follow Befriend (9) 160 threads 1,530 comments Premium

   2   4:31pm Fri 6 Jul 2012   Share   Quote   Permalink   Like   Dislike   Protected   Now that I am returning to CA, am looking at rentals/houses. Rentals are expensive. I am looking at houses in socal and prices seem quite -well reasonable? I am looking in the Conejo valley area and saw these for sale. Just looked at yahoo real estate, Thousand Oaks and under 500k-which is a pretty decent area and saw quite a few homes under 500k and several under 400k. It is lower than rentals . But 350-390k for a SFR in the area is not bad. The job situation is bad, so who knows how low it will go, but didn't think I would see prices in this range. http://realestate.yahoo.com/search/California/Thousand_Oaks/homes-for-sale?n=6&p=Thousand+Oaks,CA&type=classified#m=b%3D1%26p%3DThousand%2520Oaks%252CCA%26type%3Dclassified%26radius%3D%26lat%3D34.185000%26lon%3D-118.894254%26datelisted%3D%26priceLow%3D0%26priceHigh%3D517000%26bedroomLow%3D%26searchName%3D%26bathroomLow%3D%26sqLow%3D0%26sqHigh%3DUnlimited%26proptype%3Dall%26nhood%3Dall%26n%3D6%26view%3Dlist%26sortBy%3Dfeat