Lee Ginsburg

Foreclosure Baloney
October 21, 2010 · · 3 Comments

  foreclosed_homes_ohio

I don’t get this foreclosure moratorium stuff. I don’t understand why the press and politicians are putting so much into it. I can assure you the banks are not foreclosing on anyone current on their homes.  Many of these home they are foreclosing on are vacant and some inhabitable.  inhabital home

A sad fact I heard recently is many homeowners are losing their homes due to medical bills.  That should not be.

Making the banks review additional papers, re-file, and delay the inevitable is only getting revenge and that is not healthy.   No good comes out of that.

We should be putting pressure on the banks to modify the loans of  homeowners who are good, honest, hard working people.  Many of these people for whatever reason can’t make payments at the current payment but can and want to make modified payments.   I don’t understand the need for a bank to go to the expense and foreclose on a home with a $500,000 loan and a month later sell the home to someone else for $300,000.   The original owners would have been capable and extremely happy to make payments probably on $350,000.  The banks would have been $50,000 + expenses better, with less property on the market values would be up protecting their equity in all their portfolio. 

I have another idea to deal with this foreclosure cancer.  Equity Share.    Read more

Karin Cunningham

Can I really buy a house in Daly City for under $400,000?
January 27, 2009 · · 6 Comments

Not only can you buy a house in Daly City for under $400,000 right now but in South San Francisco, Pacifica, and San Bruno as well. Most of these lower priced bargains are short sales and bank owned property. They are not always in the best shape or have a lot of bedrooms but they are opportunities that some people have been waitng for! Although there is competion again to buy in this price range, more and more homes become available every week. It’s sad on one hand but a hopeful first time buyer’s dream!        Read more

Karin Cunningham

Can I really buy a house in the Bay Area for less than $200,000?
September 24, 2008 · · 1 Comment

Antioch, Ca. 4 BR, 2 BA, 2 car garage, 8,000 sq ft lot…..$176,000

I’m serious!

 

Karin Cunningham

Bay Area real estate “shake up”!
August 30, 2008 · · Comment here

Can you shake it up anymore in the East Bay right now? What I mean is, I have been showing property to different sets of clients in Pittsburg, Antioch and Hayward and all the homes have 10-20 offers on them! What the heck is going on?? I thought this was a buyer’s market!

Well, what we have observed is the real estate market in those areas have reached rock bottom! Read more