Stockton short sales coming together!

Posted by & filed under Stockton Real Estate.

We specialize in pre-foreclosure short sales in Stockton in San Joaquin County and are finally finding that the banks willing to cooperate. We have established relationships with banks and mortgage servicers to process short sales. They cooperate with us because we save them money and get the done. Sellers list with us because short sales […]

US Home Sales Plummet as Inventory Rises; Great Time for Central Valley Buyers

Posted by & filed under Stockton Real Estate.

Download now or preview on posterous home sales plunge.pdf (60 KB) The latest figures for existing homes sales were released this week with very discouraging results. Existing homes sales have hit the largest monthly decline in history at 27.2%. This is coupled with a record breaking 11 year peak in housing inventory. On the bright […]

Stockton, CA, REO, Foreclosure, Brookside, Stockton Home for Sale & Stockton Real Estate, 4235 Annandale Drive, Stockton, CA, 95219

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

Download now or watch on posterous 4235 Annandale Drive_Stockton_CA_95219.mp4 (12240 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Great Stockton foreclosure! Investment opportunity in a great location! This home needs some TLC. Separate Family Room and Formal Dining Area. Master bath with shower stall and separate tub. Dock in […]

10 steps to ‘short sale’ buying

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

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 Sales are Risky for Homebuyer Tax Credit

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

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

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. […]

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 […]

The Next Wave – Luxury Short Sales

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

A recent Bloomberg News article reports first time home buyers were aided this past year by an $8,000 tax credit that raised resales to a 6.1 million annual pace in October, the highest since February 2007 according to the NAR. Last month President Obama extended the program for another year for first time buyers and […]

Foreclosure and Short Sale Tax Implications

Posted by & filed under Stockton Real Estate.

The Mortgage Debt Forgiveness Act of 2007 and the Emergency Economic Stabilization Act of 2009 provide tax relief for debt forgiven through a short sale or foreclosure. In the Internal Revenue Code Section 108, discharge of qualified debt from the purchase of a principal residence can be excluded from income if the discharge occurs in […]

Streamlined Shortsales? Really? Hey, I Have This Bridge For Sale…

Posted by & filed under Stockton Real Estate.

Buyers and sellers unfamiliar with the short sale process always ask if there is anything that can be done to speed up the short sale process. As I have mentioned before, there are new and improved rules that have just been formed to streamline the short sale process that will go into effect April 5, […]

U.S. Treasury to Impose New Short Sale Incentives and Requirements for Lenders

Posted by & filed under Stockton Real Estate.

As reported by Reuters on Monday The U.S. Treasury released terms for mortgage companies to increase approval times on short sales and loan modification programs to reduce the numbers of foreclosures. The Home Affordable Foreclosure Alternatives Program will provide financial incentives and simplifies the procedures for completing short sales. Since the HAMP program encounters situations […]

Stockton Short Sales and Stockton Foreclosures

Posted by & filed under Stockton Real Estate.

The number of Stockton REOs has decreased as banks and investors sell REOs in bulk and foreclosures are purchased at a discount on the court house steps. Banks and investors are also starting to rent the homes they own. We expect this will provide a downward pressure on rental rates. Landlords should lock tenants into […]

Stockton Short Sales Are Alive and Well

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

In the last two weeks the Homes In Stockton team has received 3 Stockton short sale approvals and successfully postponed an additional 3 foreclosures that are currently under short sale approval consideration. If you have a home in default in Stockton, Lodi, Manteca, Tracy or nearby outlying areas, we may be able to help you! […]

New Push Toward Short Sales

Posted by & filed under Stockton Real Estate.

The US Treasury Department has announced the formation of a new incentive program aimed at encouraging mortgage servicers to pursue short sales. Details are expected later this month. The program is expected to simplify the process of pursuing short sales by standardizing the process, documentation and timeframes. A short sale is a transaction in which […]

Government short sale incentive program

Posted by & filed under Morada Real Estate, Quail Lakes Real Estate, Spanos West Real Estate, Stockton Real Estate.

Short sale incentive program is on its way! Is it the solution we all have been waiting for or too little too late? Read article here Call me at (209) 471-6516 or email me at [email protected] regarding any questions you may have regarding Stockton real estate, Lathrop real estate, Lodi real estate, Manteca real estate […]