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 […]
Posts Tagged: Foreclosures
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 the right to collect on a deficiency resulting from foreclosure in the State of California. It is intended only for reference. I recommend strongly that a […]
Could This Be The End of Short Sales?
Download now or preview on posterous 08 11 10.pdf (71 KB) Keep your eyes on the news August 17th when the Treasury will be holding a hearing regarding the future plans for Fannie Mae and Freddie Mac. It is rumored that the Obama administration is about to order the government-controlled lenders to forgive a portion […]
Foreclosures up Nationally but Down in California
Download now or preview on posterous US foreclosures.pdf (138 KB) Nationally banks repossessions are up 38% in the second quarter from a year ago. However, California foreclosures are down 24% from last year. It appears that the banks are purposely holding California homes back from foreclosure in order to avoid flooding the market but this […]
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 […]
Media Reports REOs Are On The Decrease But Up Over Last Year According To LPS
According to the Lender Processing Services (LPS) Mortgage Monitor report as of March 2010, over seven million mortgages in the US are in a REO status. In fact, REOs are at their highest numbers since 2008. The media reports that the REO levels are down from February 2010, and this is true, but according to […]
Foreclosures Down For San Joaquin or Is It Too Soon To Tell?
Foreclosure notices in San Joaquin County dropped dramatically in the first quarter of this year from the same period a year sending mixed messages to industry experts regarding the mortgage meltdown. The drop in foreclosures could be linked to more short-sale approvals or the increase in first time buyers due to the impending expiration of […]
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 […]
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…
Is the California Housing Market Different from the Rest of the Country?
Interesting article on housewire.com regarding California’s “innovative” mortgage products. Click here to read the full story. Posted via email from www.Homes-In-Stockton.com Posterous
Round 2! Foreclosures expected to increase. Expect negative impact on housing market.
The recent positive housing market news is temporary. Banks have been sitting on inventory and stalling foreclosures but the game plan is coming to an end. Expect inventory levels to increase and price to go down. We are in for a bumpy ride. Read the Washington Post’s article on the subject http://www.washingtonpost.com/wp-dyn/content/article/2010/03/11/AR2010031104866.html Posted via email […]
Automated Short Sales – The Answer To Slow Approval Times?
This last month, Equator started an agent initiated short sale platform. So far, Bank of America is the first lender encouraging use of this automated program. The initial response is positive although it is cumbersome to input the file data on the front end, once the data is entered the process starts rolling. Eliminating the […]
February 2010 Stockton Area Housing Market Update
Foreclosure Activity In California Is Up As reported at DSNews.com, ForeclosureRadar, a locally based company that tracks every California foreclosure on a daily average basis, reports foreclosure activity here increased last month. The number of foreclosures that went back to the bank rose 29.4 percent, those sold to a third party rose by 62.7 percent, […]
Foreclosure Activity in California is Up Again as Stalemate Continues
With hundreds of thousands of California homeowners in foreclosure, a stalemate continues as only a small percentage reach the end of the process through cancellation or sale, and the time to foreclose stretches. Once again the raw numbers fail to tell the full story due to the difference in the number of business days in […]
Housing Market Turnaround Up To Banks
People are buying up short sales and foreclosures at the expense of conventional sales and if the housing market is ever going to recover, the banks need to get short sales closed at a much quicker pace. The average short sale length in some communities has increased to 298 days and even up to a […]
Making Home Affordable Program Fails – Long-term Problem, Short-term fix
Housing advocates and politicians are pressuring the administration to make changes to the Making Home Affordable program as the housing crisis continues to grow. The suggestions to retool the program are justified. A few facts follow: · Less than 200,000 homes owners have received permanent loan modifications even though it is estimated 3 to 4 […]
10 steps to ‘short sale’ buying
Bobbi Dempsey one of the authors of “The Complete Idiot’s Guide to Buying Foreclosures” blogs on the following list: 10 steps to short-sale homebuying 1. Identify potential short sales. 2. View the property. 3. Do your research. 4. Find all liens and mortgages. 5. Figure out the financing. 6. Contact the lender. 7. Complete the […]
Short Sale Fraud
In the recent article posted by Karl Denninger entitled New Short Sale Fraud Allegations: Second Liens, The subject of fraud with short sale subordinate lien holders is discussed. Unfortunately since second lien holders frequently, get 10% or less, they often request funds off the HUD to be brought in by real estate agents or the […]
Short Sales are Risky for Homebuyer Tax Credit
In the article titled Homebuyer-Tax-Credit-Deadline-Freezes-Out-Short-Sales By Steve Cook at Real Estate Economy Watch, Mr. Cook discusses the unpredictable and lengthy nature of short sale transactions. In particular, he focuses on the inability to rely on a short sale timeframe to guarantee qualifying for the Homebuyer Tax Credit which requires that a buyer be under contract […]
2nd position lenders knowingly commit fraud
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. […]
How will a Stockton short sale or loan mod affect your FICO score?
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
Wall Street Journal interview with Sr. VP of RealtyTrac
Does not appear the real estate market will be out of the woods anytime soon. Click here to watch the video! We continue to see a large number of Lathrop short sale, Manteca short sales and Stockton short sales being listed. We expect to see the number of Stockton homes for sale to increase dramatically […]
CNBC.com Article: Big Banks Accused of Short Sale Fraud
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 […]