Alt-A Delinquencies Soar

Posted by & filed under Stockton Real Estate.

The higher quality Alt-A mortgages appear to be heading down the same path as the subprime. Will this bubble be the next to burst? Mr. Mortgage has a great video providing an overview of the Alt-A market. Check out the Mr. Mortgage Video Here!!

Short sale opportunities

Posted by & filed under Stockton Real Estate.

There are opportunities to purchase homes at value prices through the short sale process. Unfortunately the mortgage servicers are making the process in some cases a REAL challenge. The benefit to the owners of the mortgage is that they can sell the property before going through the expensive foreclosure process. The benefit to the seller […]