Comments for The Stockton Specialist

Comment on Contact Us by Page not found : The Stockton Specialist

Page not found : The Stockton Specialist — Wed, 28 Jul 2010 17:18:59 +0000

[...] Contact Short Sale Agent [...]

Comment on June 2010 Stockton Area Real Estate Market Update by Olen Lawler

Olen Lawler — Sat, 10 Jul 2010 23:09:12 +0000

I’d be more optimistic if the global economy was doing fine and we are free and clear of a recession, but that is far from the case. If you look at historical pricing you’ll find there is the occasional boom followed by years of flat price growth or slight price decreases.

Comment on Short Sale Fraud by Pat Holkesvig

Pat Holkesvig — Thu, 04 Feb 2010 19:44:03 +0000

I recommend seeking the advice of a knowledgeable real estate attorney.

Comment on Short Sale Fraud by Babara Lyttle

Babara Lyttle — Wed, 03 Feb 2010 18:26:22 +0000

I sold a house in 2008 in a Short Sale Process with the help of a repetable Realtor with Remax Auusred, at least i thought i did up until i recently recieved a letter from Bank Of America (BOA) that i have an outstanding default amount of $107.831.60. It started out with phone calls from a Heather Knott, Acct Administrative of BOA, i then asked her to send me a copy of the promissory note that i signed and she stated she would, a few weeks went by (nothing) so i called BOA and spoke again to Heather Knott and she stated that the prommissory note had been ordered and it takes a while. Did not hear back from her anymore until i recieved the above mentioned letter still no promissory note. So i took it upon myself to send ceritified mail to request a copy because it would be my word against hers in a phone conversation and also asked for an audit of my owing this amount which is in progress as i write this. Now, I am guilty of signing a piece of paper that i probably should not have but this piece of correspondence was not explained to me during the process of the short sale there was never any money talked about. Not knowing how the short sale processed worked my question to the realtor was always will i owe any monies to either bank at the close of this and was always told (NO) the piece of paper that i signed was BOA basic letter that i see all over the internet stating that BOA would release the lien if they recieved the $2,500.00 in certified funds and that the remaining debt is collectable balance. I was a little to trusting and under the stress of loosing my home no one their explained that piece of paper when you’re having paper thrown at you at the end of closing that piece surely would have stood out had i known but was told by the realtor that at the last minute they always throw papers in like and nobody knew it was there. Then i called City Title where i saigned my papers and asked her for copies and that is what she sendt me and assured me that during closing every piece of papaer is exlplained in the process that was a (LIE) because how could you miss the most important piece of paper in the whole signing. What idiot would knowingly agree to that. I am in the process now having trying to get some legal help just made a call this morning which is 2/03/2010 not sure when someone would read this but i feel as though this was not done properly and would like for someone to tell me what to do and am i liable for this amount of monies BOA is requesting perhpas that can be determined once i get my audit done. if someone out ther can give some insight on this i would love to hear it. Aslo, they have already sent this to a collection agency and i did speak with the person at the collection agency that is handling my particular case and he told me if i liked they would accept $12000.00 and i could set up payment arrangements right then and there and i told him not until i find whether i owe this and he said ok suit yourself and that is exactly what i intend to to do give me proof that i owe this much after my house is already gone that i saved up for to purchase after retiring from the Pentagon 33 years of service.

Comment on Build Your Ark, the Short Sale Flood is Coming by Jeff Green

Jeff Green — Wed, 03 Feb 2010 18:26:14 +0000

Pat, excellent article and yes, title. Looking forward for more updates regarding Stockton real estate. Thanks.

Comment on HAMP Has Hit The Hump by Carter's Mortgage Journal

Carter's Mortgage Journal — Sat, 30 Jan 2010 20:24:00 +0000

Alt-A and Option ARM loans will be the new talking point most certainly by middle of this summer. How will the US Government tap dance around this one?

Comment on Step by step directions on filing IRS Form 5405 claiming 1st time home buyer tax credit. by Jeff Green

Jeff Green — Sun, 24 Jan 2010 01:19:25 +0000

Pat, thanks for the link. That was a really helpful post for individuals on a home buyer tax credit. A great resource! Keep it going.

Comment on Build Your Ark, the Short Sale Flood is Coming by Pat Holkesvig

Pat Holkesvig — Wed, 13 Jan 2010 06:13:16 +0000

Across the country.

Comment on Streamlined Shortsales? Really? Hey, I Have This Bridge For Sale… by The Second Mortgage Challenge : The Stockton Specialist

The Second Mortgage Challenge : The Stockton Specialist — Wed, 13 Jan 2010 05:54:26 +0000

[...] program, but at this point it doesn’t look good. I previously mentioned this topic on December 17, 2009 when I wrote “Homeowners with subordinate liens are still likely to face some challenges to [...]

Comment on Streamlined Shortsales? Really? Hey, I Have This Bridge For Sale… by Build Your Ark, the Short Sale Flood is Coming : The Stockton Specialist

Build Your Ark, the Short Sale Flood is Coming : The Stockton Specialist — Wed, 06 Jan 2010 15:06:56 +0000

[...] or HAFA will not only effect how lenders manage short sales as I have previously mentioned in the December 17, 2009 post, it will demand that all lenders who operate under HAMP offer short sales to any failed loan [...]