Download now or watch on posterous 5473 Cortina Lane_Stockton_CA_95219.mp4 (9361 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com ! Great Stockton Short Sale in Spanos West! Beautiful yard with pool and waterfall. Open floor plan, large rooms. Loft could be converted to bedroom. Kitchen with stainless appliances and breakfast […]
Posts Categorized: Short Sales
Fannie Mae Retaliates Against Strategic Defaulters!
Download now or preview on posterous fannie-mae-intensifie.pdf (24 KB) Fannie Mae announced this week that it will pursue deficiencies in some cases of strategic defaults. It’s getting nasty! Make sure you discuss your potential short sale or foreclosure options with a real estate attorney. Your Home Team can walk you through the short sale process. […]
Stockton Homes for Sale & Stockton Real Estate, 330 Willow St Stockton CA 95203
For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Charming UOP short sale in Stockton. Home is lined with decorative stained glass windows and custom cabinetry. Wood floors throughout. Kitchen with gas cooktop, dishwasher and double oven. Inside laundry area. French doors leading to the yard. Tons of character. Will not […]
More Central Valley Short Sales Expected as the Majority of Loan Modifications Fail
Download now or preview on posterous Loan Mod Failures.pdf (97 KB) A recent AP story suggests that short sales and foreclosures are expected to increase as the number of loan medications fail. To date 27% of loan modifications have succeeded. If you have any questions regarding the short sale process or any real estate related […]
Ten Facts You Need to Know About Mortgage Debt Forgiveness Before Initiating a Short Sale!
Download now or preview on posterous Ten Facts about Mortgage Debt Forgiveness.pdf (16 KB) The IRS published the Ten Fact about Mortgage Debt Forgiveness. It is a must read for anyone considering a short sale, deed in lieu or foreclosure. We highly recommend you seek the advice of a CPA and real estate attorney before […]
June 2010 Stockton Area Real Estate Market Update
May 2010 Stockton Area Market Update Short Sale? Foreclosure? Strategic Default? (Short Sales Continued…) Last month we briefly discussed Short Sales and Foreclosures. We reported that underwater borrowers are often in a quandary about what to do, and that over 70% of borrowers whose homes are foreclosed upon have never contacted their lender(s). We also […]
SB 1178 Big Break for Refinanced Loans
Now that the State Senate has passed SB 1178 distressed homeowners who have refinanced are one step closer to debt protection. The bill it is currently before the State Assembly awaiting a vote determination. If it passes, it would mean thousands of more homeowners would become eligible to short sell their homes with the debt […]
Manteca Short Sale Specialist!
Pat Holkesvig is a top producing short sale listing agent. She successfully negotiates Manteca short sales and understands the Manteca short sale process inside and out. She can explain the short sale process from missing payments, to receiving a Notice of Default to notification of an auction. Her short sale services are cost-free to Manteca […]
Are Loan Modifications and Short Sales Decreasing or Delaying Foreclosures?
Download now or preview on posterous 06 16 10 Santa Clara.pdf (85 KB) Santa Clara County has seen an annual decline in foreclosure notices for the past consecutive six months. Yet, Foreclosure Radar reports that these types of declines don’t make any sense. They speculate that lenders may be holding on to the foreclosure inventory […]
Fannie Mae Foreclosure Prevention
Download now or preview on posterous 06 08 10.pdf (16 KB) Fannie Mae unveiled the details of their upcoming version of the Making Home Affordable Foreclosure Alternatives (HAFA) program which takes effect August 1, 2010. The purpose is to serve those borrowers who are eligible for a loan modification under the Home Affordable Modification Program […]
Stockton Homes for Sale & Stockton Real Estate, 2316 Hydrangea Dr Stockton CA 95212
Download now or watch on posterous 2316 Hydrangea Dr_Stockton_CA_95212.mp4 (5501 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Do not disturb tenants. Write offer subject to inspection.Adorable house with den/study and bedroom downstairs. Kitchen with granite counters and dining bar. Cute yard that requires little maintanence. This home is […]
Stockton Real Estate Market Report May 2010
May 2010 Stockton Area Market Update Short Sale? Foreclosure? Strategic Default? Underwater borrowers are often in a quandary about what to do. It’s been reported that 70% of borrowers whose homes are foreclosed upon never contacted their lender. Lenders prefer short sales. Foreclosure sales not only typically cost more, but also result in lower […]
Mortgage Bankers Association does a short sale of their D.C. office building!
The MBA would like you to continue paying on your underwater home while they walk away from their obligation. The hypocrisy continues. Click here to watch the video. Posted via email from www.Homes-In-Stockton.com Posterous
Miracle Short Sale Solution or Infomercial Gimmick?
A new short sale infomercial campaign will run in the Western United States. Starting in mid-May with a 60 second commercial (Real Help Today) soon to be followed by the launch of a 30-minute infomercial. The infomercial is being produced by We Save Homes, Inc. and Stardust Broadcasting. We Save Homes, Inc., who also offers […]
Despite Positive Reports Some Areas Still Suffer With Negative Equity
This week the media reported that US foreclosures have started to slow down, stating that across the nation filings were down 2 percent from April of last year. Despite this optimistic national trend there are still areas losing equity and remain at risk. According to Where Americans Are Losing Home Equity Most Nevada and Florida […]
New Short Sale Rules Could Help Borrowers
The new HAFA rules are not such a new topic of discussion, but they are new in practice since they only just went into effect this past month. Borrowers (sellers) who are considering a short sale should become well educated on HAMP, HAFA, the short sale process and what they all mean to their specific […]
New Rules for Fannie Mae
Trying to minimize foreclosures, new Fannie Mae rules will go into effect as of July 2010 for homeowners who do a “deed in lieu of foreclosure” or short sale allowing them to apply for another Fannie Mae backed loan in two years. Currently, Freddie Mac still requires a four year wait. Previously the wait period […]
Servicers Taking Steps to Prevent Short Sale Fraud
As short sales are significant in foreclosure prevention, fraud concerns abound. Appraisal fraud to flipping, the short-sale process poses several possible areas of fraud where the servicer must take preventative action. Included but not limited to the following: – Focus on making sure it’s an arm’s-length transaction – Search deeds on a regular basis – […]
Senate Bill 401 = No More Debt Tax
Senate Bill 401 has been enacted into law. The new California state income tax on debt forgiven in a short sale, foreclosure, or loan modification will be treated much like the federal law up through 2012. The existing federal exemption allows $2 million, and the new California exemption allows for $800,000 and forgiven debt up to […]
DRE Issues Short Sale Alert
The Central Valley Business Times reported yesterday that the California State DRE issued an alert regarding short sales. Read the article here. The DRE cautioned against the following: • In some instances, the homeowner may be sued by the lender/bank for the money that was “forgiven” • The amount not paid back, which is a […]
Struggling Homeowners Can Take Steps to Save Credit
If you’re a struggling homeowner, remember the safest option is always to keep making your mortgage payment. However, if you can’t pay, try to work with the government’s foreclosure prevention program. If that doesn’t work, consider all of your potential options and the affect each one will have on your credit scores before making a […]
Bank of America Offers Principal Reduction for Riskiest Loans
via mortgageorb.com BA’s recent announcement may be too little too late and not be available for the majority of Central Valley Homeowners. We do not expect the number of Stockton foreclosures and Stockton short sales to be decreased dramatically. Stay tuned! Posted via web from www.Homes-In-Stockton.com Posterous
Wondering if you are eligible for a HAMP loan modification?
I receive many calls from homeowners wondering if they are available for the HAMP program. Click here to visit the HAMP web site and take the test to determine eligibility. Posted via email from www.Homes-In-Stockton.com Posterous
Californians State Tax Consequences for Mortgage Debt Forgiveness Still Undecided
Many California residents that have lost homes do not realize the State has not yet followed the Federal Government in providing tax relief on the short sale, deed in lieu and foreclosure deficiency. Click here to read the full story. Pat Holkesvig & Your Home Team process more Stockton Short Sales, Tracy Short Sales, Lodi […]
February Notice of Defaults up almost 20% in California
The housing market in California continues to have record numbers of foreclosures. View article…