A group of investors together with academics has proposed a national standards system be created for Mortgages. The goal would be for such standards to be implemented as early as this spring.The group believes such standards could diminish conflict between servicers and investors, help avoid investor favoritism by servicers and set a standard for securities […]
Posts Tagged: nod
California October Foreclosures are Down
RealtyTrac, has reported that 66,475 properties foreclosed in California this October. That is down nearly 12% from September and 22% from last October. However even with the drop in overall reported foreclosures, Modesto and Stockton still remain in the top 5 cities nationwide for foreclosures. Although this downward trend has been consistent over the past […]
HUD Secretary – Foreclosure Problems Aren’t Systemic
In the Federal Task Force meeting on Wednesday, the Secretary of Housing and Urban Development, Shaun Donovan said they have been aware of violations with certain servicers for some time and they will “take actions”. However, he stopped shy of identifying any systemic problems instead citing isolated non specific problems. More details could become available […]
Federal Task Force Investigation into Foreclosure Fraud Could Lead to Criminal Charges
According to CNN, White House Press Secretary Robert Gibbs the Federal Housing Administration and Financial Fraud Enforcement Task Force are in the process of an investigation into foreclosure regulations and they will expect any bank that violated the law to be fully accountable for those actions. The Task Force is meeting on October 20, 2010 […]
Understanding Deficiency Clauses
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 […]
The Good News and the Bad News for San Joaquin
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 […]
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 […]
No New Ideas From Mortgage Summit
Download now or preview on posterous Mortgage Summit.pdf (29 KB) On August 12th in the post Could This Be The End of Short Sales? we wrote about how On August 17th the Treasury was going to be holding a hearing regarding the future plans for Fannie Mae and Freddie Mac. It was rumored that the […]
A Glimmer of Hope
Download now or preview on posterous 08 03 10.pdf (23 KB) According to a recent report on CNBC, Stockton’s luck may be changing. More properties that would have previously been lost to foreclosure are instead becoming short sales. According to the report, San Joaquin County foreclosures have fallen from 85 to 68 percent and defaults […]
Tracy Short Sales
Pat Holkesvig and Your Home Team process more short sale listings than any other Central Valley agent. Pat is the Central Valley Short Sale Specialist! Contact us with any questions you may have. Click here to view all the homes available in Tracy! 131 E Emerson Ave Tracy, CA 95376-2714 $ 119,000 Active Short Sale […]
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 […]
Manteca Homes for Sale & Manteca Real Estate, 1947 Hastings Dr Manteca CA 95336
Download now or watch on posterous 1947 Hastings Dr_Manteca_CA_95336.mp4 (8873 KB) For information on this and all the Manteca homes for sale visit www.Homes-In-Stockton.com! Cute home located in Manteca. Low Maintenance yards. Fireplace in Living Room. Kitchen with tile counters and floors and island. Inside Laundry room with cabinets. Brought to you by Pat Holkesvig […]
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 […]
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 […]
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 […]