Understanding Deficiency Clauses

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

Recently a seller let an approved short sale go to foreclosure over a deficiency clause. This is a situation where everybody loses, the seller, the buyer, their agents, the servicers and the lenders all who spend their time and money to negotiate the approval. All wasted over two little sentences. “BAC Home Loans Servicing, LP […]

Stockton Credit Holds On – Know Your FICO and Vantage Scores

Posted by & filed under Stockton Real Estate.

According to Experian the Stockton area currently ranks 79th out of 142 credit markets the company follows. This is optimistic news for the area which has been the real estate poster child for this recession with some of the highest foreclosure rates in the nation. Stockton with a current score of 744 is now just […]

San Joaquin First In and Last Out of Recession

Posted by & filed under Stockton Real Estate.

Download now or preview on posterous 09 21 10.pdf (47 KB) Expert economists announced on September 20th that the recession ended in June 2009. This is good news for the country, but not all areas are benefitting at the same rate of progress. Due to ongoing unemployment struggles faced by California and the valley, analysts […]

The Good News and the Bad News for San Joaquin

Posted by & filed under Stockton foreclosure, Stockton Real Estate.

Real estate market analysts have been hard at work crunching the latest round of numbers but what does it all mean? Wednesday the news looked optimistic for San Joaquin when it was reported that the area experienced a second quarter decline in foreclosures despite the fact that Stockton still remained 96th in the nation for […]

California DRE Reports Increased Mortgage Fraud

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

Download now or preview on posterous 09 13 10.pdf (17 KB) The California Department of Real Estate and the Department of Financial Institutions are warning about increased reports of short-sale mortgage fraud activity. Some of the fraud related activity includes short-sale negotiators requiring buyers to pay their fee, fees being paid outside of escrow and […]

Tracy, CA, REO Tracy Home for Sale & Tracy Real Estate, 2657 Spencer Ct, Tracy, CA ,95377

Posted by & filed under Stockton Real Estate.

Download now or watch on posterous 2657 Spencer Ct_Tracy_ CA_ 95377.mp4 (4812 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Great Tracy REO & Home for sale in one of Tracy’s most desirable neighborhoods! Kitchen boast granite counters and tile floors. Open staircase and floor plan. Built in entertainment […]

A Plan to Bail Out Those With Negative Equity

Posted by & filed under Stockton Real Estate.

Download now or preview on posterous 09 09 10.pdf (90 KB) Keith Gumbinger, a vice president at HSH Associates mortgage consulting firm, has proposed a new mortgage relief program he calls “value gap coverage.” In this plan, he proposes that if a borrower did not cause the decline in their home’s value, and has been […]

Obama Launches New Mortgage Aid

Posted by & filed under Stockton Real Estate.

Download now or preview on posterous Obama Mortgage Aid.pdf (70 KB) 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 […]

Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 8185 Shay Cir, Stockton, CA, 95212

Posted by & filed under Stockton Short Sale.

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 Short Sale Opportunity! 4 Bedroom 2 bath home with balcony on the upper level. Low Maintenance well kept yards. Close to schools and shopping. Posted via email from www.Homes-In-Stockton.com […]

60% or More Mortgages Underwater in Stanislaus and San Joaquin Counties

Posted by & filed under Stockton Real Estate.

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 Joaquin county is even more extreme where 62.4% of mortgages are underwater compared to Stanislaus county’s 60%. The national average negative […]