Walker Loan…Add This New Loan Description to Your Vocabulary

Published in March 28th, 2008
Posted by johnjuarez in Real Estate, Lending, Mortgage/Finance
1 Comment

A while back I wrote about the Word Of the Year as designated by a the American Dialect Society. That word was “subprime”.
“Subprime” describes a type of loan. One you will have a hard time obtaining now. Subclasses of “subprime” loans are “no-doc loans”, “liar loans”, “ninja loans” and the “teaser loans”. I was reminded of […]

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Follow the Smart Money…

Published in March 25th, 2008
Posted by johnjuarez in Real Estate, Lending, Business, Mortgage/Finance, Buying a home
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We should have expected something like this. It is the American way! Entrepreneurialism! Innovation!Chutzpah! The ability to see magnificent castles where other see only a pile of rocks. Or, if we want to be cynical, we could say that here is an example of someone taking advantage of the misfortune of others and making plans […]

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What Does the San Francisco Bay Area Have in Common With St. Paul, Minn.???

Published in March 20th, 2008
Posted by johnjuarez in Real Estate, Lending, Mortgage/Finance, Buying a home
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I was reading a post by Teresa Boardman, a Keller Williams REALTOR in St. Paul, Minn. It reminded my that real estate may be local but some phenomena are uviversal. Take falling prices, for instance. Teresa writes about falling prices of homes in her area. She mentions a house that was formerly listed for $200,000 […]

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Mission Impossible #2—Mission San Jose REO-Rare Event

Published in March 14th, 2008
Posted by johnjuarez in Real Estate, Lending, Mortgage/Finance
1 Comment

In February, I wrote about the low occurrences of REO…bank owned properties…foreclosure properties…in the Mission San Jose area of Fremont. Values in this area are strongly supported by the Mission San Jose School District which is ranked among the highest performing school districts in the state of California.
Now there is a newly listed property that […]

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The First Beating is Often The Best (or maybe Least Bad) Beating

Published in March 9th, 2008
Posted by johnjuarez in Real Estate
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A year ago, I closed escrow on the sale of a 2 bedroom, 1 bath condo on behalf of a client. The market was softening, so the property was on the market for longer than expected. The price had to be reduced in order to generate an acceptable offer. That offer, in reality, was still […]

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I Used To Fancy Myself A Good Skier…

Published in March 7th, 2008
Posted by johnjuarez in Uncategorized, Real Estate
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There was a time when I skied two or three weekends per month. Those were the days before kids and other family stuff. I was even a volunteer patroller who rendered first aid and emergency sled transportation to fellow skiers who needed those services. Sorry to say, I retired from patrolling years ago and rarely […]

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