2nd position lenders knowingly commit fraud

Posted by & filed under Short Sales, Stockton Real Estate.

The Short Sales and Bank Fraud story continues to gain traction. After CNBC aired the story we brought them, dozens of other media outlets, bloggers and authorities have contacted me to discuss this topic. Here is the story of how this fraud initially came to our attention, along with the evidence to back it up. […]

Stockton homes for sale 95219 – Brookside Market Update Report

Posted by & filed under Brookside Real Estate, Quail Lakes Real Estate, Real Estate Market Trends, Spanos West Real Estate, Stockton Real Estate.

Download now or watch on posterous Brookside_Market_Update_Stockton_Ca_Homes_for_Sale_Brookside_95219_Market_Trends_Statistics_Graphs.wmv (2068 KB) Pat Holkesvig is Stockton’s #1 listing agent.  Each month she prepares the Stockton Market Update Report that includes home values, listing prices, number of homes for sale and many other measurements, market trends and. The Market Update Report is distributed to over 45,000 prospects and clients. […]

FHA Increased required down payment and PMI requirements for riskier borrowers

Posted by & filed under Stockton Real Estate.

In the midst of an already dire housing market, the federal government plans to impose more stringent requirements for those seeking a Federal Housing Authority-backed mortgage. Among the changes slated for FHA loans is a higher down payment requirement for borrowers with poor credit – those with a credit score below 580. Other changes include […]

How will a Stockton short sale or loan mod affect your FICO score?

Posted by & filed under Short Sales, Stockton Real Estate.

I receive many questions from potential Stockton short sale sellers regarding the impact of short sales, loan modifications and late pays on their FICO scores. The San Francisco Examiner published an article regarding the subject. Worth checking out. View article… Posted via email from www.Homes-In-Stockton.com Posterous

CNBC.com Article: Big Banks Accused of Short Sale Fraud

Posted by & filed under Stockton Real Estate.

Big Banks Accused of Short Sale Fraud – Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks.  For […]

Four Common Mistakes Made by Short Sale Buyers

Posted by & filed under Short Sales, Stockton Real Estate.

So often buyers say they don’t want to get involved in a short sale because they believe short sales always fall apart. However when one explores why short sales so often fall apart they are likely to find the buyer frequently plays a significant role. Sure, one can argue that there are difficult lenders who […]

Build Your Ark, the Short Sale Flood is Coming

Posted by & filed under Short Sales, Stockton Real Estate.

The Home Affordable Foreclosure Alternatives Program 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 modification attempts who are eligible. With the current numbers at […]