Ed Brophy is a REALTOR® who lives in Palm Springs, CA. He's been in the real estate and mortgage industry over 10 years and has helped thousands of homeowners buy, sell, and refinance their homes.
Ed helps clients navigate today's complicated real estate process with his knowledge of the current real estate and mortgage markets.
E-Mail: e...@g...l.com
Freddie Mac Offers Relief for Palm Springs Short Sale owners wishing to keep their homes! Are you upside down in your home? Have an adjustable rate mortgage that is not paying down the balance? Do you have a dreaded Freddie Mac loan??? If you are a homeowner in that position – then I have great news for [...]
Most sellers of Palm Springs short sales are in financial distress and more than likely will not pay for any requests for repairs resulting from the home inspection. With that information if mind, should you still pay to have a professional home inspection? Definitely YES, even though the seller may not have funds to make repairs, you need [...]
As of December 1, 2011, Bank of America made changes to the short sale process that will reduce the time needed to complete a short sale. “ When a short sale is submitted with an offer and the homeowner is HAFA eligible, we will no longer halt work on the file while waiting to contact the [...]
I am quite sure that Countrywide was not alone, but they were certainly one of the biggest players. This is the reality behind the real estate crisis and why it continues to roll along with no end in sight! I can tell you story after story of Countrywide reps and reps from other banks encouraging [...]
There has been a lot in the news lately about Palm Springs Short Sales and Loan Modifications. As more and more homeowners find themselves in the position to either short sale their Palm Springs home or attempt a loan modification, I thought I would share with you some of the things to be on the [...]
Price reduced $79,050 to $299,950 from $379,000. The owners have identified another property and are highly motivated! If you’ve been looking in Monterey Country Club for a 300 plan now’s your chance to snap one up at a more than reasonable price. Call me today to schedule a showing. 351 Gran Via, Palm Desert, CA [...]
WASHINGTON (November 17, 2011) – The National Association of Realtors® commends Congress for reinstating the loan limit formula and maximum cap for Federal Housing Administration-insured loans for two years. “As the nation’s leading advocate for homeownership, we applaud members of Congress for restoring FHA’s previous loan limits, which will help reduce consumer cost burdens, stabilize local housing [...]
This beautifully maintained 3,000 plan at Rancho Las Palmas Country Club in Rancho Mirage has recently seen a major price reduction from $575,000 to $499,00 and is now being offered as a short sale subject to lenders approval. The home is far and above the best on the market compared to other 3,000 plans offered [...]
Let me first start off by saying that I’m in complete support of the Occupy Protests that are happening across our great country. I’m also a big supporter of our police officers and the brave men and women of our great military. I was raised to fight for what’s right and to respect law enforcement. [...]
There’s been a lot of brouhaha on the interwebs today about these Occupy Wall Street videos: I usually don’t comment on things of this nature, but feel compelled to add my thoughts here. I have said from the release of the very first videos from New York of Occupy Wall Street protests that the NYPD [...]
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Average Home Prices Slip in Coachella Valley
I’ve been reading a lot of information lately about our current market conditions from other REALTORS® who are claiming an increase is sales price and number of homes sold. I would scratch my head and ask where they were getting their numbers. Turns out their numbers are coming from national statistics. Real estate sales are [...]
Mortgage Debt Tax Relief Program Ending Soon
The Mortgage Debt Relief Act of 2007 the IRS would not come after you for your taxable amount if you had an upside-down unpaid principle as a result of loan modification, short sale or foreclosure depending on your tax bracket, let’s say you were $100,000 short on your mortgage you could be responsible for as [...]
Is your REALTOR® connected? No, I don’t mean in the MobWives fashion, if that’s what you thought, you’re watching too much reality TV. As an active Palm Springs REALTOR® I believe it’s important to take advantage of the technology available to today’s real estate professional. Everything that required an agent to go back to the [...]
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