Round 2! Foreclosures expected to increase. Expect negative impact on housing market.

The recent positive housing market news is temporary. Banks have been sitting on inventory and stalling foreclosures but the game plan is coming to an end. Expect inventory levels to increase and price... Continue reading...

Check with an attorney before pursuing a short sale prior to filing bankruptcy

We always recommend speaking with an attorney prior to pursing a short sale. This is especially true if you are considering filing for bankruptcy. Bankrate.com recently answered a reader’s questions... Continue reading...

Trespassing!

One of my buyer’s agents, Dave, will do just about anything to sell a house in the hood….locked doors & fences can’t keep him out! Posted via email from www.Homes-In-Stockton.com... Continue reading...

$1000 to the 1st, $1000 to the 2nd and $1500 to the home owner walking away………

The Obama administration’s latest attempt to address the housing crisis will fall SHORT in my humble opinion. $1000 to the 2nds will not make a difference. Many 2nds are placed for collection. The... Continue reading...

Automated Short Sales - The Answer To Slow Approval Times?

This last month, Equator started an agent initiated short sale platform. So far, Bank of America is the first lender encouraging use of this automated program. The initial response is positive although... Continue reading...

February 2010 Stockton Area Housing Market Update

Foreclosure Activity In California Is Up As reported at DSNews.com, ForeclosureRadar, a locally based company that tracks every California foreclosure on a daily average basis, reports foreclosure... Continue reading...

Foreclosure Activity in California is Up Again as Stalemate Continues

With hundreds of thousands of California homeowners in foreclosure, a stalemate continues as only a small percentage reach the end of the process through cancellation or sale, and the time to foreclose... Continue reading...

Banks Plan to Clear Books By Turning To Short Sales

Now short sales are growing at a faster rate than foreclosures and most economists expect the distressed home market to have a 5% increase in the number of short sales this coming year. That expectation... Continue reading...

Housing Market Turnaround Up To Banks

People are buying up short sales and foreclosures at the expense of conventional sales and if the housing market is ever going to recover, the banks need to get short sales closed at a much quicker pace.... Continue reading...

Banks Have No Control Over Collections Process

Having wored on numerous short sales, I have often wondered about the banks’ apparent lack of control over collection policies. This is especially true if the loan is a subordinate lien. The demands... Continue reading...

Foreclosure Numbers Down, But For How Long?

According to the February 15th story in Property Wire US property foreclosure figures easing, defaults are down 12% from December but stayed 4% above levels in January 2009. Foreclosures are down 11%... Continue reading...

Making Home Affordable Program Fails - Long-term Problem, Short-term fix

Housing advocates and politicians are pressuring the administration  to make changes to the Making Home Affordable program as the housing crisis continues to grow.  The suggestions to retool the program... Continue reading...

TransUnion Reports Mortgage Delinquencies Increase 50% Compared to Last Year!

The percentage of borrowers at least 60 days past due on their mortgage increased for the 12th straight quarter, hitting 6.89 percent by the end of 2009, according to new data released by TransUnion... Continue reading...

Sac Bee Exclusive: Region’s shuttered stores tell a thousand stories

An empty shell occupies 9,500 addresses across the Sacramento region %u2013 one closed business for every six still open, according to a Bee analysis of U.S. Postal Service data. That’s more... Continue reading...

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