Tag archives for California Association Of Realtors

California Short Sale Rule Signed Into Law

In California, it is official: lenders who agree to short sales must accept the diminished payment as “payment in full for all loan balances.” This means that junior lien –holders cannot sue sellers after the fact for the full balance of the loan. Governor Jerry Brown of California recently signed SB 458, the bill dealing with this issue, into law Read full article »

REO and Short Sales Make Up Nearly Half of California Pending Home Sales

If you are buying real estate in California, the odds are almost fifty-fifty that you are putting money down on some sort of distressed property, be it real estate owned (REO) property or a short sale home. According to the California Association of Realtors (CAR), around 48 percent of pending home sales in California are REO or short sales, with Read full article »

California Association of Realtors Predicts Grim Homesales in 2010, Improvement in 2011

The California Association of Realtors (CAR) is not looking for sunny weather in the real estate market out west any time soon: the group recently released a forecast for the state predicting a 10 percent overall drop in home sales in 2010, with a nominal increase of 2 percent in 2011. However, the silver lining, such as it may be, Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.