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Bursting Bubbles?
Never trust Zillow.
I recall a news report, in the past few days, based upon Data Quick that prices in LA County are up 25% in the past year.
Law Office of Eric Alan Mitnick
21515 Hawthorne Boulevard, Ste. 1080
Torrance, California 90503
(310) 792-5864; 792-5866 (fax)
MitnickLaw@aol.com
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To: cdcbaa
Sent: Tue, May 21, 2013 3:18 pm
Subject: [cdcbaa] Bursting Bubbles?
I have a client who needs to file a ch7 but is his 175k homeowners exemption is barely adequate to cover his Malibu home equity. He had an appraisal done to support his estimate but in a Ch7 the value could go up significantly before he is discharged.
I just checked Zillow, and they claim an $18,000 DECREASE in the last 30 days. So the question is; has anyone else seen real estate pricing coming down in Los Angeles in the last 30 days? I dont trust Zillow.
Best Regards
Larry Webb
Law Office of Larry Webb
484 Mobil Ste 43
Camarillo, Ca 93010
805-987-1400
Email Larry@webbklaw.com
Never trust Zillow.
I recall a news report, in the past few days, based upon Data Quick that prices in LA County are up 25% in the past year.
Law Office of Eric Alan Mitnick
21515 Hawthorne Boulevard, Ste. 1080
Torrance, California 90503
(310) 792-5864; 792-5866 (fax)
MitnickLaw@aol.com
Although this email and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by the sender for any loss or damage arising in any way from its use.
The information contained in this email message and any attached files may be privileged, confidential and protected from disclosure. If you are not the intended recipient, any dissemination, distribution or copying is strictly prohibited. If you think that you have received this email message in error, please notify the sender by reply email, and delete the email message you received and all of the attached files.
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To: cdcbaa <cdcbaa@yahoogroups.com>
Sent: Tue, May 21, 2013 3:18 pm
Subject: [cdcbaa] Bursting Bubbles?
The post was migrated from Yahoo.
I have a client who needs to file a ch7 but is his 175k homeowners exemption
is barely adequate to cover his Malibu home equity. He had an appraisal
done to support his estimate but in a Ch7 the value could go up
significantly before he is discharged.
I just checked Zillow, and they claim an $18,000 DECREASE in the last 30
days. So the question is; has anyone else seen real estate pricing coming
down in Los Angeles in the last 30 days? I don't trust Zillow.
Best Regards
Larry Webb
Law Office of Larry Webb
484 Mobil Ste 43
Camarillo, Ca 93010
805-987-1400
Email Larry@webbklaw.com
The post was migrated from Yahoo.