Pause *take a glance into real estate.

**quick side note** Congratz to Lil Wayne for 8 grammy nods incl. album of the year! and after previewing half a dozen tracks, Jamie Foxx's new album will be FIRE! ok back to bully business:
*UPDATE* One of my client's offers was officially accepted today (applause on their behalf) so I am looking forward to escrow closing and my chunk of the commission in January (short sale deals are a pain!!). Anyways, just a tid bit for you real estate savvy or r.e interested folks ( link at the end of this post). As a broker, I'm seeing unusual amounts of overbids and activity as of late in all REO / short sale inventory. Buyer's are scrambling to own homes in neighborhoods that are exactly that, "hoods", but who can blame them? $100,000 mortgage with the right program could equate to a fixed 30 year rate at about $700 a month, that's including PITI (principle, interest, taxes, insurance), note: houses 3bedroom+ easily rent for $1000+, and with some tlc work could qualify for government housing voucher progs (section 8) for steady income. These are below late 80's prices when my family first bought a 2 bedroom home in San Pablo, CA for around $160,000! crazy. The housing woes still have room to go, but there isn't much more room to slide when you're prices are competing against your retail automobile sales lot (I for one would rather spend my money on a shingled roof as opposed to a convertible roof ya dig? )- the hot revolver. TO READ MORE CLICK BELOW >
Houses under $100K (Bay Area)