News and Views on the Southern California Real Estate Market

Unfortunately, there are additional fatalities in the mortgage market this week. It has been reported that MortgageIT-DB has ceased to function in the retail mortgage market. Additionally, AMC wholesale lending has reportedly ceased operations.

This is a very tough market for buyers, sellers and anyone that works in the real estate industry. But with-in this market lies opportunity for favorable home prices wether through distressed home owners, or through foreclosure sales.

The opinion of an expert in the area, is one of your greatest tools in takeing advantage of this market. Just like having a trusted Lawyer, Doctor, or Banker, the Appraiser should be added to your list; don't leave home without out him.

Till next week....................