A brief history lesson on the current Italian property market. A discussion of the implications for anyone wishing to invest in Italy’s top end, luxury property market.

Filed under: Buying, Commentary, For Sale Abroad, Real Estate Market, VRN | No Comments »

We all know they story of the boy who cried wolf—if you hear something over and over again, despite how important it might be, it loses its significance the more you hear it.
This has been the case with the mortgage and real estate markets.

Filed under: Existing Home Sales, LA Area, Mortgage Rates, News, Real Estate Market, VRN, West Hollywood | No Comments »

Carlo Capomazza has been awarded the Certified Negotiation Expert (CNE®) designation by the Real Estate Negotiation Institute (RENI).

Filed under: Current Events, Listing Presentation, VRN | No Comments »

Nearly half of all owners with mortgages have at least 25% equity stakes in their properties, and about a quarter of owners with mortgages have more than 50% equity, a new study shows.

Filed under: Buying, Commentary, Economy, L.A. Times, LA Area, Luxury Properties, Real Estate Market, Relocating to LA, VRN | No Comments »

Recently enacted California legislation, CCP §580(e), was originally intended to put individual short sale sellers of 1-4 units, with regard to deficiency issues, in the same position as foreclosed individuals by prohibiting lenders in first position from seeking a deficiency after the short sale had closed. Even more recently the deficiency protection for borrowers in this section has been expanded to include junior lien holders.

While at first glance this revision appears to aid homeowners, it could mean that junior lienholders may no longer approve short sales.

Filed under: Foreclosure, LA Area, Real Estate Market, Selling, Short Sale, Tax Issues, VRN | No Comments »

The Pending Home Sales Index rose 2.4 percent to 90.9 in June. All regions show double-digit gains from a year ago.

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New elegant, luxurious, light & bright unit condo listing.

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In case you missed it, please read this 6/29/11 NYT’s article that shows consumer support for our government’s doing its damnest to protect and preserve the American Dream of Home Ownership. The article details polls taken on viewpoints on Home Ownership which is still regarded as better than renting due to the tax advantages of [...]

Filed under: Buying, Commentary, Current Events, Economy, Foreclosure, Jennifer Tan, Moving, News, Real Estate Market, Renting, Selling, Tax Issues, VRN | No Comments »