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John Bennett

Investor Assisted Short Sales

07-29-09
John Bennett

Our company, californiahousinggroup is involved in IASS (Investor Assisted Short Sales). An IASS is an operational model to transact a real estate short sale for a homeowner who is underwater (current market value is less than the principle unpaid balance of the mortgage).

In an IASS, the realtor has an immediate all cash offer from the investor that eliminates the waiting period. The contract would in turn authorize the investor or it's negotiating team to talk with the lender. The realtor could then move on to find another short sale listing. This make perfect sense for all parties. If you would like more information email me or call 949-400-4500

What's The Best Offer For Short Sales?

07-17-09
John Bennett

What's the best offer for a property that is being sold by short sale? The perfect offer in today's lending environment would probably be an all cash offer with no contigencies. You can agree or disagree but if I wanted to sell more properties I would be looking for that person that wanted to make an all cash offer. The lending environment today has swung to stupid. I've been in the lending and real estate business for over 25 years and honestly I've never seen anything like this. Our company California Housing Group is making all cash offers with no contingencies. We are not asking listing agent for commission concessions either.

FHA Is Not The Best Way To Sell Short Sales

07-17-09
John Bennett

Our company, California Housing Group, is in the business of making money. Aren't we all? We are actually buying short sale properties for all cash. Now most of these properties we turn right around and sell but some we keep for investment. The rule now that you have to hold a property for at least 91 days before you can accept an offer has thrown a kink in buying properties to turn around and sell quickly (I'd like to use the word flip but what a negative connotation that has). By the way did you know that flips are not illegal, Fannie Mae says so right in their underwriting guidelines. Anyway we resell all of our properties using conventional financing because of that rule. The point of this is don't let anybody tell you that flips are illegal they are not. If you need more information on this or short sales shoot an email.

We Put Our Money Where Our Mouth Is

Short Sale Listings...How To Get More

07-16-09
John Bennett

If you're typical listing agent today you're probably listing short sales. The process of selling those properties can be long and tedious. Enter California Housing Group. We make all cash offers with no contingencies Now before you go and think this can't be true please call me for details. This is the real deal and I will be glad to show you and anyone else that wants to listen, how it works. Why should you spend your time handling all the details of your short sale listings. Let me show you how to fill your pipeline and collect checks. Email me today. If you'd like you can call me at 949-400-4500.

Short Sales And FHA Our New Focus

07-13-09
John Bennett

Home Lending Specialits and California Housing Group have teamed up. Home Lending Specialists is a FHA approved correspondent in Orange County California and California Housing Group is an investment trust based in Orange County.

We are making cash offers for short sales in Southern California, no contigencies. If you are a listing agent and have short sale listings contact us to discuss. 949-400-4500.