Comments on: California Senate Passes Mortgage Default Warning Bill http://www.sparrproperties.com/blog/2008/07/10/california-senate-passes-mortgage-default-warning-bill/ Research, Consultation and Service in Real Estate Fri, 10 Sep 2010 03:13:51 +0000 http://wordpress.org/?v=2.3.1 By: iodine contraceptive sponge http://www.sparrproperties.com/blog/2008/07/10/california-senate-passes-mortgage-default-warning-bill/#comment-7672 iodine contraceptive sponge Sun, 20 Jun 2010 21:29:11 +0000 http://www.sparrproperties.com/blog/2008/07/10/california-senate-passes-mortgage-default-warning-bill/#comment-7672 <strong>Thank you...</strong> For a long time, I am looking an post like such a topic. Now I have found it. Thank you for your sharing, man!... Thank you…

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]]> By: Brian Sparr http://www.sparrproperties.com/blog/2008/07/10/california-senate-passes-mortgage-default-warning-bill/#comment-75 Brian Sparr Fri, 18 Jul 2008 07:03:30 +0000 http://www.sparrproperties.com/blog/2008/07/10/california-senate-passes-mortgage-default-warning-bill/#comment-75 Hi Mockiavelli - This very well could happen. If local governments actively enforce this law, the banks will have an added motivation to sell the property and move it off of their books (and the easiest way to accomplish this is to reduce the price). This essentially creates two opposing forces acting on the listing price: 1) added motivation for the banks will try to pull the price down, and 2) better maintained properties create nicer neighborhoods which help to pull the price up. The greater of the two forces in that particular area will dictate whether the price rises or falls. Thanks, - Brian Hi Mockiavelli -

This very well could happen. If local governments actively enforce this law, the banks will have an added motivation to sell the property and move it off of their books (and the easiest way to accomplish this is to reduce the price).

This essentially creates two opposing forces acting on the listing price: 1) added motivation for the banks will try to pull the price down, and 2) better maintained properties create nicer neighborhoods which help to pull the price up. The greater of the two forces in that particular area will dictate whether the price rises or falls.

Thanks,
- Brian

]]> By: Mockiavelli http://www.sparrproperties.com/blog/2008/07/10/california-senate-passes-mortgage-default-warning-bill/#comment-73 Mockiavelli Fri, 11 Jul 2008 22:03:53 +0000 http://www.sparrproperties.com/blog/2008/07/10/california-senate-passes-mortgage-default-warning-bill/#comment-73 Re: House Values....won't lenders eventually start dropping their REO listing prices so they don't keep wasting money on maintaining properties? Re: House Values….won’t lenders eventually start dropping their REO listing prices so they don’t keep wasting money on maintaining properties?

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