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 […]
Posts Tagged: Stockton Real Estate
February Notice of Defaults up almost 20% in California
The housing market in California continues to have record numbers of foreclosures. View article…
Factors to Consider When Determining if now is the Time to Buy Real Estate
I think prices may still decrease by 10 – 15% as REO and short sale inventory increases and the number of first time home buyer transactions decrease. The higher end could see even higher adjustments as the result of increasing distressed sales. 5 & 7 year ARMs are resetting in bulk this year and next. […]
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 […]
Check with an attorney before pursuing a short sale prior to filing bankruptcy
We always recommend speaking with an attorney prior to pursing a short sale. This is especially true if you are considering filing for bankruptcy. Bankrate.com recently answered a reader’s questions regarding the subject. Visit http://www.bankrate.com/finance/debt/a-short-sale-followed-by-bankruptcy.aspx to see the full article. Call us at 209-471-6516 if you are interested in discussing buying or selling a short […]
$1000 to the 1st, $1000 to the 2nd and $1500 to the home owner walking away………
The Obama administration’s latest attempt to address the housing crisis will fall SHORT in my humble opinion. $1000 to the 2nds will not make a difference. Many 2nds are placed for collection. The collection companies are generally unresponsive and very demanding. An extra $1000 is not going to satisfy them. Read the full story at […]
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 […]
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 […]
Home Buyer Tax Credit Timeline!
Check out this website I found at bankrate.com Time is running out to take advantage of the home buyer Tax Credit. Visit www.homes-in-stockton.com to view all the Stockton homes for sale! Posted via web from www.Homes-In-Stockton.com Posterous
HAMP Has Hit The Hump
HAMP – is barely able to handle even the current volume of modifications and now here is the hump; the impending exponential increase in mortgage delinquencies coming this summer. The popular Alt-A and Option ARMs from the height of the real estate bubble begin to reset this summer. These loans walked the tightrope between prime […]
Stockton homes for sale 95219 – Brookside Market Update Report
Download now or watch on posterous Brookside_Market_Update_Stockton_Ca_Homes_for_Sale_Brookside_95219_Market_Trends_Statistics_Graphs.wmv (2068 KB) Pat Holkesvig is Stockton’s #1 listing agent. Each month she prepares the Stockton Market Update Report that includes home values, listing prices, number of homes for sale and many other measurements, market trends and. The Market Update Report is distributed to over 45,000 prospects and clients. […]
FHA Increased required down payment and PMI requirements for riskier borrowers
In the midst of an already dire housing market, the federal government plans to impose more stringent requirements for those seeking a Federal Housing Authority-backed mortgage. Among the changes slated for FHA loans is a higher down payment requirement for borrowers with poor credit – those with a credit score below 580. Other changes include […]
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 […]
HUD Secretary to Request Higher Lending Standards
Housing and Urban Development Secretary Shaun Donovan to tell the House Financial Services Committee to require larger down payments by borrowers, increase the minimum required credit scores, and limit kick backs from sellers, including closing costs and upgrades. Due to previously relaxed lending standards that fed the now imploded housing bubble, the lending standards must […]
Home sales down 2.7% in August
According to the NAtional Association of Realtors, after four months of gains homes sales fell in August but still remain slightly above one year ago. Read article here
Could Banks Bail Out FDIC?
Big banks have been approched about loaning billions to the FDIC fund.Read article here.
Foreclosure prevention plan won’t help ARM resets
At a meeting held on mortgage fraud this Thursday, two state attornery generals recommended immediate improvements to the government’s current foreclosure prevention initiatives due to the onslaught of impending ARM resets. Read the artcle here
WATCH OUT FOR SCAMS!!!
Due to some recent events in the news and some fraudulent ads we have recently uncovered in Craigslist, the following is a blog post to remind us all to be very careful during these turbulent times in the real estate market. Read blog here
Stockton Real Estate Market Statistics – Inventory At All Time Lows!
Stockton Real Estate Market Statistics, July 2009 http://bit.ly/sFFNR
Residential mortgage-backed securities loans cure rates worsening
Cure rates have dropped from 45% during 2000-2006 time period to the current average of 6.6%. read the article here
Brookside Listings
ML_Number Address Listing Price 90061250 3646 Whispering Creek Cir Stockton, CA 95219-2321 165330 90056899 5571 Brook Falls Ct Stockton, CA 95219-2446 179000 90063130 3059 Carousel Cir Stockton, CA 95219-2312 185000 90046372 3833 Bridlewood Cir Stockton, CA 95219-2501 189000 90024030 3978 Bridlewood Cir Stockton, CA 95219-2503 189000 90051296 4321 Rockwood Ct Stockton, CA 95219-2517 194900 90054026 […]
Bank of America & Wells Fargo Worst for Loan Modifications
Bloomberg reports that Bank of America and Wells Fargo ranked among the worst for loan modifications. Read the full article here.