August 14, 2008By The Editor
Homes not selling
Home prices depressed, Banks not responding
In the 26 years Ceecee Guillen has been a real estate agent, she says she has never worked in conditions quite like this. "It has been a real devastating market," said the agent with Lion Rock Mortgage and Realty in Chino. "The real problem is the market is saturated with homes that are on sale, on short sale and foreclosed, and the banks are slow to respond to all the requests that are coming in."
She said that as an agent, she's looking to sell a home and move on.
"It doesn't take a rocket scientist to look at the prices in the area, market analysis and if the buyer is qualified," she said, "yet that is too much for these banks to handle - it's no...
Read the story SBSun.com | Posted August 15, 2008
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