Obama Launches New Mortgage Aid
Over the last month we have mentioned in Could This Be The End of Short Sales? and No New Ideas From Mortgage Summit that it was rumored the Obama administration was about to order the government-controlled lenders to forgive a portion of the mortgage debt for Americans who are underwater. Today the Obama administration has indeed launched a revised government mortgage relief program referred to as the “short refinance” program . However this program is not intended for Fannie Mae or Freddie Mac loans and it still faces the challenge of satisfying second lien holders. The administration still hopes that up to 1.5 million loans could be modified through the program. The intent is to focus on homeowners who are current on their mortgage payments but are at risk of default because they have no equity in their homes. It is still too early to tell how many Stockton area underwater homeowners will benefit from this program.
Posted via email from www.Homes-In-Stockton.com Posterous
Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 3440 Heatherbrook Dr, Stockton, CA, 95219
Download now or watch on posterous 3440 Heatherbrook Dr_Stockton_CA_95219.mp4 (11011 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Great... Continue reading...
Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 7309 Camellia Lane, Stockton, CA, 95207
Download now or watch on posterous 7309 Camellia Lane_Stockton_CA_95207.mp4 (10120 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Stockton... Continue reading...
Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 3026 English Oak Cir, Stockton, CA, 95209.
Download now or watch on posterous 3026 English Oak Cir_Stockton_CA_95209.mp4 (5699 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Nice... Continue reading...
Lathrop, CA, Lathrop Home for Sale & Lathrop Real Estate, 15928 Covered Bridge Way, Lathrop, CA 95330.
Download now or watch on posterous 15928 Covered Bridge Way_ Lathrop_CA_ 95330.mp4 (8875 KB) For information on this and all the Lathrop homes for sale visit www.Homes-In-Stockton.com! Hurry... Continue reading...
Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 8185 Shay Cir, Stockton, CA, 95212
Download now or watch on posterous 8185 Shay Cir_Stockton_ CA_95212.mp4 (4889 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Great... Continue reading...
Mortgage Rates Drop to New Low Record
Download now or preview on posterous 09 02 10.pdf (16 KB) Freddie Mac reports that the average rate for a 30-year fixed mortgage fell to another record low at 4.32%. The new 15 year fixed rate also... Continue reading...
Stockton, CA, Stockton Home for Sale & Stockton Real Estate, 2350 Moreing Rd, Stockton, CA, 95204
Download now or watch on posterous 2350 Moreing Rd_Stockton_CA_95204.mp4 (8311 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Amazing... Continue reading...
Lodi, CA, Short Sale, Lodi Home for Sale & Lodi Real Estate, 927 Comanche Way, Lodi, CA, 95240
Download now or watch on posterous 927 Comanche Way_Lodi_ CA_95240.mp4 (4991 KB) For information on this and all the Lodi homes for sale visit www.Homes-In-Stockton.com! Great 3 bedroom,... Continue reading...
60% or More Mortgages Underwater in Stanislaus and San Joaquin Counties
Download now or preview on posterous 08 30 10.pdf (29 KB) According to the Modesto Bee, in Stanislaus county underwater mortgages occur at twice the rate of the national average. The rate for San... Continue reading...
US Home Sales Plummet as Inventory Rises; Great Time for Central Valley Buyers
Download now or preview on posterous home sales plunge.pdf (60 KB) The latest figures for existing homes sales were released this week with very discouraging results. Existing homes sales have hit... Continue reading...
Legal Chart Quick Reference for California Deficiency Judgments
Download now or preview on posterous California Deficiency Judgements.pdf (55 KB) The attached document provides a quick reference to assist distressed sellers in determining if a lender would have... Continue reading...
No New Ideas From Mortgage Summit
Download now or preview on posterous Mortgage Summit.pdf (29 KB) On August 12th in the post Could This Be The End of Short Sales? we wrote about how On August 17th the Treasury was going to be holding... Continue reading...
Increasing Central Valley Inventory to Cause a Decrease In Prices
Download now or preview on posterous rapidly-rising-invent.pdf (27 KB) Unfortunately, the flurry of buying activity Stockton real estate experienced this past spring has flittered away along with... Continue reading...
Stockton Area Real Estate Market Prime Opportunity For Buy And Bail Fraud
Download now or preview on posterous -buy-and-bail-ho.pdf (26 KB) A “buy and bail,” is when a buyer buys a new house before their credit rating is ruined by walking away from their old house.... Continue reading...









