We are starting to see inventory build and pending sales activity decline in the Central Valley. The hedge fund buying spree is subsiding as local home values increase and rents do not provide the desired cap rates. The flurry of primary resident home owner activity has also decreased the past 3 – 4 weeks. This […]
Posts By: PKHdjv
Should Sellers Over or Under Price Homes?
I have always felt it is in the seller’s best interest to list a home at the higher end of market when inventory is low. Other agents underprice the home and hope for multiple offers to drive up the price and the seller’s net. A recent Wall Street Journal article confirmed it is better to […]
Central Valley Foreclosures Up in the First Quarter of 2013
There were 12,663 notices of default filed in the first quarter of last year in the Central Valley compared to 3,951 in the first quarter 2013. But the second quarter saw 5,667 initial filings, an increase of 43.4 percent. Read more about Central Valley foreclosure activity.
Trinchero Family Estates winery expansion will bring 400 jobs to Lodi!
Trinchero Family Estates is the 4th largest winery in the U.S. Over the next three years it will double production and build a new central bottling and distribution facility in Lodi. The expansion is expected to bring in about 400 new jobs to the area once fully staffed……..and an increase in home demand:)
New Amazon Fulfillment Center Opening in Tracy
Amazon has announced plans to open a 1 million square foot fulfillment center in Tracy this upcoming September. It is anticipated that the facility will provide over 1000 jobs. This combined with the 2500+ jobs created by the new prison hospital in Stockton should result in increased housing demand at a time when housing inventory […]
Free Detailed Online Home Value Report!
Free Online Home Valuation! Simply click the link and provide the property address to view the estimated home value. Great for buyers, sellers and investors. Values provided for Stockton homes, Lodi homes, Sacramento homes, Lathrop homes, Manteca homes, and Tracy homes. Call Pat Holkesvig at (209) 471-0285 for questions regarding Central Valley real estate.
San Joaquin County Single Family Home Sales Past 3 Month 32% Cash, 34% Contventional
The tight housing market has lead to a tougher market for buyers using FHA & VA financing. In the past 3 months 51% of single family homes sold in San Joaquin County were either REO or Short Sales. 32% of transactions were cash sales, 34% were conventional financing 29% were FHA and 3% utilized VA […]
2013 Real Estate Market Looking Up For Those Selling a Central Valley Home!
The Central Valley real estate market has been challenging for Central Valley home sellers the last few years. I’m thrilled to report that there is a very positive outlook in 2013 for those considering selling a Central Valley home. Factors leading to my optimism include: Decreased Inventory – Levels are at a record lows and […]
Mortgage Forgiveness Debt Relief Act Etended for Another Year!
Yesterday Congress finally reached a settlement in the fiscal cliff negotiations. The good news is that the Mortgage Forgiveness Debt Relief Act has been extended through 2013. This means that the exemption from taxation for mortgage debt that is forgiven when homeowners negotiate a short sale, loan modification (including any principal reduction) or foreclosure will […]
How to Choose a Short Sale Agent
There are many nuances to a short sale transaction and every short sale is unique. Therefore the short sale agent you choose can make or break the deal, so choose wisely. When researching for a short sale agent, experience is very important. Research your local market and see who has the other local short sale […]
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation Expiring in December 2012 Extension Expected
There was been much speculation regarding the extension of the tax relief for Central Valley distressed homeowners beyond the December 31st expiration date. Everything I read indicates that an extension is expected but given the turmoil in D.C. no one knows for sure. I discussed the situation with my accountant and he pointed out that […]
California Health Care Facility Stockton – New Prison Hospital Opening in Stockton May 2013
The California Correctional Health Care Services www.cdcr.ca.gov will be hiring 2500 – 3000 employees for the California Health Care Facility Stockton. If you are considering relocating to the Stockton area please call us at (209) 471-6516. We are Stockton home purchase specialist! View all the Stockton area homes for sale at www.Homes-In-Stockton.com. Search all Central […]
2 Stockton Short Sales in Brookside Approved Without Sellers Missing Payments!
One of the most frequently asked questions we receive from our Stockton short sale sellers is whether or not a Central Valley short sale can be completed without a homeowner missing payments. In the past this had been a challenge however we recently have seen a change. We currently have two Stockton short sales in […]
New Auto Car Sales Up 17%….Dig Deeper…GM Increased Sub Prime Loans 79%!
Did the government not learn a lesson from the housing bubble? Making loans to unqualified buyers is not good business! Similar to the housing bubble auto sale increases are being driven by GM subprime loans!! Sound familiar? When are they going to learn…people who are leveraged and having a hard time making their payments are […]
$900,000,000 Stockton Prison Health Facility Expected to Have Positive Impact on Housing Prices.
The new California Health Care Facility off of Arch Road in Stockton is expected to open in May 2013. The 1.2 million square foot hospital is costing taxpayers $840 million to build and will provide 2500 to 3000 permanent jobs varying from nurses and doctors to warehouse workers. The facility is expected to bring $300 […]
Central Valley Foreclosure and Central Valley Short Sale HOA Lien and Assessment FAQs
Foreclosure and Short Sale Issues_ HOA Liens & Assessments FAQ.pdf Download this file The Central Valley Foreclosure and Central Valley Short Sale transaction process can be frustrating. Many Central Valley buyers, Central Valley sellers, Central Valley listing agents and Central Valley buyer’s agents are not familiar with the ins and outs of HOA liens […]
6091 Riverbank Cir Stockton CA 95219 Brookside Waterfront Lot
California living! Fantastic opportunity to purchase a waterfront lot in prestigious The Pointe development in Stockton’s gated Brookside community. Dock is in. Build your dream home. Deep water access to San Francisco and Sacramento! Take a video tour. View all Brookside Real Estate! Call Pat at (209) 471-0285 for more information.
New FHFA Guidelines to Help Underwater Central Valley…..Really????
New Central Valley Short Sale FHFA Guidelines.pdf Download this file It was proclaimed yesterday that Central Valley homeowners will find the short sale process easier starting in November 2012. Really???? The FHFA announced changes in the mortgage-finance giants Fannie Mae and Freddie Mac guidelines. The changes include extending short sale help to homeowners who are […]
Central Valley Short Sale Active August 23, 2012
2306 Hollywood Dr Stockton Short Sale $ 400,000 2124 Honeybrook St Stockton Short Sale $ 178,888 2319 Gardena Ave Stockton Short Sale $ 85,000 9440 Shawnee Ct Stockton Short Sale $ 128,900 1481 Manila Rd Lathrop Short Sale $ 1,299,000 9515 Ravenna Ln Stockton Short Sale $ 200,000 1615 E Worth St Stockton Short Sale […]
Is the Game Rigged? Fannie Mae Bulk REO Sale Smells BAD!
Memo Style.pdf Download this file The housing inventory levels in California are very low. First time home buyers are competing unsuccessfully with cash investors for homes dominated by REO and short sales. Just when you thought the situation could not get any worse in steps FHFA and Fannie Mae. In a secretive behind closed doors […]
3409 Glen Abby Court in Guard Gated Brookside Stockton CA 95219 Call Pat at 209.471.0285 to schedule a showing.
California still dominates foreclosure scene – Stockton still ground zero for foreclosures
Stockton is #1 for foreclosure starts. Ugh. If foreclosures are up why is inventory so low? http://www.fosters.com/apps/pbcs.dll/article?AID=/20120729/GJBUSINESS_01/707299971/-1/fosbusiness
9 Steps to a Successful Short Sale
Step One – Educate Your Self The decision to short sale your Central Valley home should not be taken lightly. Your decision may impact your financial future. It is important that you take the time to educate yourself. Pat Holkesvig is an experienced short sale real estate specialist. She highly recommends you discuss the tax […]
Who Owns My Mortgage and Why Do I Need To Know?
Don’t be afraid to ask the customer service representative for your mortgage servicer who owns your mortgage. The owner, who is often referred to as the investor, might be different from the servicing company or bank that collects and processes your payments. Lenders often sell off the servicing rights, too. So it is very common […]
The Number of Central Valley REOs Expected to Increase as Robo Signing Debacle is Resolved
Central Valley REOs (Real Estate Owned) have become a very hot topic of late and with good reason. Central Valley REOs and Central Valley short sales continue to dominate the Central Valley Real Estate Market. If you don’t know what a REO is or how they differ from a traditional listing, it can be a […]