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2nd OFFICE FOR K WEST REAL ESTATE SVCS.

I am pleased to announce that my 2nd boutique real estate office is up and running in the San Fernando Valley area of Los Angeles - Woodland Hills.

The property management division has increased as the market has dictated the need for owners to lease their homes vs. selling in many cases, or buying a new home or condo for investment purposes.

Please call me with any questions.

Thank you.

Kitty West
Broker/Owner
K West Real Estate Svcs.
21781 Ventura Blvd. #343
Woodland Hills, Ca. 91364
(760) 567-9696

Posted - 02/05/2012

Comments:

Ron Peltier, crhiaman and chief executive officer of HomeServices of America Inc., the second-biggest U.S. residential brokerage.The transactions, known as short sales, typically change hands at a discount of about 20 percent to homes not in financial distress, compared with a 40 percent price cut for bank-owned homes, according to RealtyTrac Inc. Short sales jumped 19 percent in the second quarter from the prior three months while foreclosure sales were flat, the data seller said.?Banks have become much more supportive of short sales,? said Peltier, whose Minneapolis-based company is a unit of Warren Buffett?s Berkshire Hathaway Inc. ?That?s better for the lenders, who have smaller losses on a short sale, and it?s going to be better for homeowners, who won?t have as much psychological distress as a foreclosure.?Distressed sales brokered by HomeServices used to be 60 percent foreclosures and 40 percent short sales, Peltier said in an interview at Bloomberg headquarters in New York. Now, that ratio has flipped, according to the CEO, whose company is second in size to NRT LLC, a unit of Realogy Corp. in Parsippany, New Jersey, that owns the Coldwell Banker brand. ?There?s a huge backlog of homes in default that the banks want to get rid of,? said Thomas Popik, research director for Campbell Surveys in Washington. ?They don?t want to be homeowners.?

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