Who Owns My Mortgage and Why Do I Need To Know?

Posted by & filed under Stockton Real Estate.

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 […]

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 […]

Over a Quarter of All 2010 Home Sales Were Foreclosures

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

According to RealtyTrac 26% of all home sales last year were foreclosures. In the Stockton area 72% of sales were bank or government held and 50% were REOs. Short sales accounted for 22% of all Stockton homes sold last year. Leaving 28% that were not bank or government related sales. For more information on the […]

Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate , 3756 Popolo Cir, Stockton, CA, 95212

Posted by & filed under Stockton Real Estate.

Download now or watch on posterous 3756 Popolo Cir _Stockton_ CA_95212.mp4 (8361 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! HAFA PRICED APPROVED SHORT SALE. Terrific home in Villa Antinori Estates~ 5 bed/ 3 bath on .28 acre corner lot with no rear neighbors. Bedroom and bath downstairs. Possible […]

Stockton, CA, Stockton Home for Sale & Stockton Real Estate, 3591 Quail Lakes Dr # 167, Stockton, CA, 95207

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

Download now or watch on posterous 3591 Quail Lakes Dr #167_ Stockton_ CA_ 95207.mp4 (5584 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Lower Unit in Back. Kitchen and bath updated! Laminate flooring in living area. Perfect for a college student! Posted via email from www.Homes-In-Stockton.com Posterous

Home Sales Up in US but Down in CA – Lenders Partially to Blame

Posted by & filed under Short Sales.

National home sales were up 10% this September according to the National Association of Realtors. Some factors contributing to this growth are low mortgage rates and high affordability, home prices are averaging 22% less of where they were five years ago. Affordability has been influenced by the weakness in home buying activity. September’s home sales […]

Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate 1078 Oxford Way_Stockton_ CA_95204

Posted by & filed under Stockton Real Estate.

Click here to download: 1078 Oxford Way_Stockton_ CA_95204.mp4 (8886 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Great Stockton short sale in UOP/Oxford Manor location! Charming older home with wood floors and big kitchen. Kitchen with tile counters and floors. Fireplace in living room. French Doors open to outside […]

Foreclosures – Suspended or Expedited? Depends on Who You Ask

Posted by & filed under Short Sales.

On October 7, 2010, Barack Obama rejected the Interstate Recognition of Notarizations Act, which would require courts to accept documents that have been notarized in another state. Many are calling for a moratorium on foreclosures, stating banks have reclaimed homes on fraudulent documentation. Just last week, Bank of America, JPMorgan Chase and GMAC announced they […]

New California Short Sale Deficiency Law

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

As of January 1, 2011, the first position lender will not be permitted to obtain a deficiency judgment against the seller after a short sale. The short sale approval letter and acceptance of the funds will constitute payment in full and discharge of the deficiency. However, these new changes will not apply to refinanced loans. […]

Understanding Deficiency Clauses

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

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 […]

California DRE Reports Increased Mortgage Fraud

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

Download now or preview on posterous 09 13 10.pdf (17 KB) The California Department of Real Estate and the Department of Financial Institutions are warning about increased reports of short-sale mortgage fraud activity. Some of the fraud related activity includes short-sale negotiators requiring buyers to pay their fee, fees being paid outside of escrow and […]

60% or More Mortgages Underwater in Stanislaus and San Joaquin Counties

Posted by & filed under Stockton Real Estate.

Download now or preview on posterous 08 30 10.pdf (29 KB) According to the Modesto Bee, in Stanislaus county underwater mortgages occur at twice the rate of the national average. The rate for San Joaquin county is even more extreme where 62.4% of mortgages are underwater compared to Stanislaus county’s 60%. The national average negative […]

Legal Chart Quick Reference for California Deficiency Judgments

Posted by & filed under Short Sales, Stockton Short Sale.

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 […]

Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 3026 English Oak Cir, Stockton, CA, 95209.

Posted by & filed under Stockton Short Sale.

Download now or watch on posterous 3026 English Oak Cir_Stockton_CA_95209.mp4 (5699 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Nice Stockton Short Sale! Well cared for home in gated community. Large corner lot. Priced to sell. Kitchen with tile counters and dining bar. Low maintenance yards. Posted via email […]

Could This Be The End of Short Sales?

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

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 […]

The Impact of HR 5872 & 5891 on the Stockton Real Estate Market

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

Download now or preview on posterous 08 10 10.pdf (9 KB) HR 5872, which passed the House of Representatives last week, increases FHA’s commitment authority for its multifamily insurance programs by $5 billion for the remainder of the fiscal year. While HR 5891, which passed the House of Representatives July 30, will permit FHA to […]

A Glimmer of Hope

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

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 […]

Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 7309 Camellia Lane, Stockton, CA, 95207

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

Download now or watch on posterous 7309 Camellia Lane_Stockton_CA_95207.mp4 (10120 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Stockton short sale. Stockton home for sale located in Lincoln School District! Here is the perfect home for a couple starting out or a small family complete with a white picket […]

Sellers Waiting in the Wings Could Pose A Problem

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

Download now or preview on posterous 07 29 10.pdf (43 KB) There are many homeowners who would like to sell but aren’t financially required to do so. Many of these people are waiting in the wings for the opportune moment to jump back into the housing market. In fact, Zillow.com reported about 7% of homeowners […]

Ten Facts You Need to Know About Mortgage Debt Forgiveness Before Initiating a Short Sale!

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

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 […]

DRE Issues Short Sale Alert

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

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 […]

CA Foreclosure Law – Civil Code 2924

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

Download now or preview on posterous CA Foreclosure Law – Civil Code 2924.pdf (104 KB) We process more Stockton short sales than any other short sale agent in the Central Valley.  We receive numerous requests for information on the California foreclosure process.  A copy of CA Foreclosure Law – Civil Code 2924 follows.   Please call […]