Orit Gadish, in an interview with the Los Angeles Business Journal, discussed the success that Gadish Properties found in the foreclosure market.
According to the Los Angeles Business Journal, there has been a decline in sales and median prices of homes throughout the Los Angeles County. Some areas exhibit a median price decrease as high as 39% from the prior year.
The inventory of foreclosed properties is fast rising due to the reset of adjustable rate mortgages, negatively amortizing loans, and the tightening of loan underwriting guidelines.
Orit Gadish, the President of Gadish Properties and former First VP of Countrywide Financial, and her team, are working with many of the national lenders to dispose of their properties as quickly as possible.
Gadish Properties has developed an effective infrastructure to provide the quickest turn times to get properties ready for sale and on the market.
Gadish Properties works closely with the lenders they represent to price their properties to obtain a quick sale in a declining and slow market. While many brokerages are closing their doors, Gadish Properties is actively recruiting agents to join their team. -- Gadish Properties
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