questions about short-sales vs foreclosures

A Short-Sale is a process by which a Seller of Property may be unable to adequately make his Mortgage Payments but proactively lists his Property in an effort to avoid the Notice of foreclosure Process by the Bank which is more costly for the Bank and can adversely affect the credit of the Seller for years…Any offers recieved on the Property if the value is below what is owed must be accepted by the Seller and have the approval of the Lending Institution which may mean they (Bank) can come up “short” of what is owed on the Property….This Process takes at least 30 days from acceptance of Offer and sometimes longer…

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Blog Probes Real Estate Models

www.REALonomics.net is a blog that is asking serious questions about where the real estate industry is going. More specifically, REALonomics poses challenges to the broker/owners to adopt models that will allow their organizations to become more transparent.

REALonomics.net advocates that the industry open up the property information portals to consumers and upgrade its approach to how it is interacting with the consumer by implementing more social networking such as www.CityBlogUSA.com, a community blogging network for every city in the USA.

Visit www.REALonomics.net.

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Condos in Town?

Are there any condo projects in La Quinta, California and are there any that are on golf courses? What is the condo price range? Are there any age restricted condo communities?

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Real Estate Companies

La Quinta has a lot of real estate companies. Which one is considered the best company according the La Quinta, California residents? Who are the best real estate agents in La Quinta, California? Historically, which company has been there the longest? Do any of the real estate companies also have title and mortgage companies?

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Foreclosures in Town?

Can anyone speak to the issue of foreclosures in La Quinta, California? Foreclosures are up around the country due to the sub-prime lending practices. Is there any foreclosure impact on real estate in La Quinta?

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