Monthly Archives: May 2011

In Pismo Beach 50 Homes Sold January 1 to March 1, 2011

Since the first of January, 2011, 50 single family, Pismo Beach homes have sold or are in escrow. 30 Homes sold or were in escrow during the same time period in 2010 If you have any questions feel free to … Continue reading

Posted in Real Estate | Leave a comment

In Arroyo Grande 134 homes sold January 1 to March 1, 2011

Since the first of January, 2011, 134 single family, Arroyo Grande homes have sold or are in escrow. 120 Homes sold or were in escrow during the same time period in 2010. If you have any questions feel free to … Continue reading

Posted in Real Estate | Leave a comment

What is a Short Sale?

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan.  It often occurs when a borrower cannot pay the mortgage loan on their property, but the … Continue reading

Posted in Real Estate | Leave a comment

What is a REO / Foreclosure?

The industry term for bank owned is REO. The definition of REO is Real Estate Owned. Foreclosure is the legal and professional proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of … Continue reading

Posted in Real Estate | Leave a comment