http://www.kendylsopenhouse.com The latest on Real Estate in Northwest Glendale, Calif. Mon, 13 Oct 2008 05:51:26 +0000 http://wordpress.org/?v=2.6 http://www.kendylsopenhouse.com/fun/what-the-30-somethings-think/#comment-643 jack Thu, 09 Oct 2008 21:09:47 +0000 http://www.kendylsopenhouse.com/?p=552#comment-643 I've been closely monitoring both the markets and the credit crisis and I believe that what the government is doing is very much analogues to what modern medicine does when they prolong the suffering of a terminally ill while neglecting basic care to many others. The bailout will help the rich pull out any money they have tied up in investments directly or indirectly related to these failing security products at taxpayers expense. They, however, will not re-invest these monies back into the economic machine like the government hopes they'll do. So, no, this isn't going to help the average Joe or the economy as a whole. Au contraire, the enormous cost associated with the bail-out will have a whiplash effect into the future, annihilating any real chance of a comeback for the ever shrinking middle class! I’ve been closely monitoring both the markets and the credit crisis and I believe that what the government is doing is very much analogues to what modern medicine does when they prolong the suffering of a terminally ill while neglecting basic care to many others. The bailout will help the rich pull out any money they have tied up in investments directly or indirectly related to these failing security products at taxpayers expense. They, however, will not re-invest these monies back into the economic machine like the government hopes they’ll do. So, no, this isn’t going to help the average Joe or the economy as a whole. Au contraire, the enormous cost associated with the bail-out will have a whiplash effect into the future, annihilating any real chance of a comeback for the ever shrinking middle class!

]]> http://www.kendylsopenhouse.com/stats-and-numbers/have-home-prices-dropped-in-glendale/#comment-635 Kendyl Wed, 24 Sep 2008 03:46:34 +0000 http://www.kendylsopenhouse.com/?p=505#comment-635 Exacta-mundo Jack! We are seeing 3rd TD's on these short sale attempts (usually failed attempts)and, thus, my theory. I really hope I am wrong and that my lack of statistical/mathematical skill is to blame. Exacta-mundo Jack! We are seeing 3rd TD’s on these short sale attempts (usually failed attempts)and, thus, my theory. I really hope I am wrong and that my lack of statistical/mathematical skill is to blame.

]]> http://www.kendylsopenhouse.com/stats-and-numbers/have-home-prices-dropped-in-glendale/#comment-634 Jack Wed, 24 Sep 2008 03:27:13 +0000 http://www.kendylsopenhouse.com/?p=505#comment-634 Since a house becomes an REO once the 1st lean is paid off in a Trustees Sale it is the amount of the first lean that is recorded in the county. If this is indeed the cause of the price dips, it follows that most first leans are below current market price. This in turn tells me that some of these guys bought before the bubble and milked their equity (via 2nd loans) during the bubble and are now loosing their homes. Since a house becomes an REO once the 1st lean is paid off in a Trustees Sale it is the amount of the first lean that is recorded in the county. If this is indeed the cause of the price dips, it follows that most first leans are below current market price. This in turn tells me that some of these guys bought before the bubble and milked their equity (via 2nd loans) during the bubble and are now loosing their homes.

]]> http://www.kendylsopenhouse.com/how-to/how-to-write-an-offer-to-buy-a-glendale-home/#comment-633 jack Mon, 22 Sep 2008 15:18:00 +0000 http://www.kendylsopenhouse.com/?p=500#comment-633 The "Norton house", the one that got away... Anyways, Kendyl, I'd like to ask you about how well do these homes appraise compared to the offered prices (particularly in NW Glendale). Also, what happens when the appraisal comes in too low? The “Norton house”, the one that got away… Anyways, Kendyl, I’d like to ask you about how well do these homes appraise compared to the offered prices (particularly in NW Glendale). Also, what happens when the appraisal comes in too low?

]]> http://www.kendylsopenhouse.com/open-houses/glendale-new-and-notable-homes/#comment-627 Jack Fri, 19 Sep 2008 04:35:31 +0000 http://www.kendylsopenhouse.com/?p=496#comment-627 1529 Ard Eevin, what can I say, if I only had another $100K to spend on a house...totally worth it! 1529 Ard Eevin, what can I say, if I only had another $100K to spend on a house…totally worth it!

]]> http://www.kendylsopenhouse.com/how-to/what-happened-to-the-sub-prime-mortgage-market/#comment-622 jack Wed, 17 Sep 2008 19:08:12 +0000 http://www.kendylsopenhouse.com/?p=487#comment-622 A great man once said, "It's funny because it's true!" That man, Homer Simpson of The Simpsons. A great man once said, “It’s funny because it’s true!” That man, Homer Simpson of The Simpsons.

]]> http://www.kendylsopenhouse.com/community-links/a-small-break-from-glendale-real-estate/#comment-616 Laurie Mon, 15 Sep 2008 15:33:01 +0000 http://www.kendylsopenhouse.com/?p=480#comment-616 Kendyl- thank you ...thank you...for making the walk...I lost both my mom and a very dear friend to this disease...you have made a difference... every twinge or ache...was indeed WORTH it! Kendyl- thank you …thank you…for making the walk…I lost both my mom and a very dear friend to this disease…you have made a difference… every twinge or ache…was indeed WORTH it!

]]> http://www.kendylsopenhouse.com/northwest-glendale/new-and-notable-in-glendale/#comment-615 Jack Sat, 13 Sep 2008 01:12:02 +0000 http://www.kendylsopenhouse.com/?p=478#comment-615 I believe that 1321 Virginia Ave is a short sale. At $1M this simply is sad! Unfortunately so is what happened to us back in July. Our offer was rejected in favor of a much much weaker offer by listing agent Erik Reppe of Property Masters and their client Washington Mutual. I wonder how WaMu share holders will feel about this when they find out? I believe that 1321 Virginia Ave is a short sale. At $1M this simply is sad! Unfortunately so is what happened to us back in July. Our offer was rejected in favor of a much much weaker offer by listing agent Erik Reppe of Property Masters and their client Washington Mutual. I wonder how WaMu share holders will feel about this when they find out?

]]> http://www.kendylsopenhouse.com/northwest-glendale/new-and-notable-in-glendale/#comment-614 Jack Fri, 12 Sep 2008 15:08:52 +0000 http://www.kendylsopenhouse.com/?p=478#comment-614 Kendyl, We're waiting to hear from an offer we sent out. But we really should take a look at this first! Kendyl,
We’re waiting to hear from an offer we sent out. But we really should take a look at this first!

]]> http://www.kendylsopenhouse.com/how-to/what-makes-a-great-glendale-realtor/#comment-613 Irina Netchaev Thu, 11 Sep 2008 04:50:46 +0000 http://www.kendylsopenhouse.com/?p=472#comment-613 Hi Kendyl, thanks for the mention. I love the additional points that you made, especially the last one! Great additions! Hi Kendyl, thanks for the mention. I love the additional points that you made, especially the last one! Great additions!

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