I might well do a little homework and make an offer. I’d take a look at the methodology Aequitas used in their SF audit and the Methodology McDonnell Property Analytics used in their Massachussets Audit and then look at the paperwork at the county Recorder’s office. Since 84% of the foreclosures looked at in SF [...]
Author Archives | Tom Stone
About Tom Stone
I am a Broker Associate and Notary public with the Wine Country Group by Better Homes and Gardens (Mason McDuffie) in Sebastopol Ca. My father was an Appraiser and expert witness based in Oakland Ca for many years and I grew up having the basics drilled into me. I enjoy what I do and I am good at it. I managed income property in Oakland for a number of years and was licensed to run a collection agency for more than a decade. I have also worked as a credit manager and as the senior collector at the test center of a Bank . I have been commenting for years at "Calculated Risk" and on other Real estate Blogs including the defunct "Sonoma Housing Bubble" Blog. The best job title I ever had was "Chief Garbler". My Email Address is Tom.Stone@WineCountryGroup.comA few comments on Short Sales
February 20, 2012
My first listing was a short sale, I was smart enough to colist with an agent in my office who had a lot of experience doing them. I was Mr outside and she was Ms inside. It worked well and we got the deal through in pretty good time. These days I would probably just [...]
Will it get harder to finance Bank owned Homes?
February 20, 2012
I corresponded with several Real Estate Attorneys a couple of years ago when the language in CLTA and ALTA title insurance policies changed to exclude defects in the chain of title due to an improper foreclosure and was told it was no big deal because foreclosures were routine procedures in california and the likelihood of [...]
Finding a good agent
February 17, 2012
I would have no hesitation referring a buyer or seller to Greg, or to Andrew Jeffrey. I have corresponded with them enough to know that they are competent professionals. I would tell the person I sent their way to talk to them at enough length to see if they are compatible. Ask your friends and [...]
REO nightmare
February 17, 2012
http://aequitasaudit.com/images/aequitas_sf_report.pdf If the link did not work you can find a discussion of the audit commissioned by Phil Ting at “Credit Slips” or “Naked Capitalism. The SF chronicle covered this story and according to their reporter there were some paperwork problems with foreclosures done over the last few years in SF, no big deal, move [...]
MLS entry brokers and FSBO
February 15, 2012
I ran across a new listing in my neighborhood that puzzled and interested me. It’s about half a mile from where I live, 3 older homes on 38 acres for $1.5MM but the listing Broker had a Carlsbad Ca address? 3% commission to the selling office, which is nice, many $1MM listings pay 2.5% (5% [...]
February 20, 2012
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