Stockton Homes for Sale & Stockton Real Estate, 3620 Fourteen Mile Dr Stockton CA 95219

Posted by & filed under Stockton Real Estate.

For information on this and all the Stockton homes for sale visit! Fabulous reverse plan with Delta Views.This stunning home is in mint condition with lush gardens. Vaulted Cedar ceilings make this home bright and perfect for entertaining. 4 bedrooms, all with French doors, and 3 baths. Family room with gas fireplace and French […]

Fraud Alert

Posted by & filed under Stockton Real Estate.

US Attorney Benjamin B. Wagner released information today regarding three different mortgage fraud cases all in California. May 21 PRNewswire-USNewswire Two are regarding bailout mortgage frauds and one is regarding a foreclosure rescue scam. Foreclosure rescue scams are everywhere waiting to prey on honest people who are trying to get out of a difficult situation. […]

Stockton Real Estate Market Report May 2010

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

May 2010 Stockton Area Market Update   Short Sale? Foreclosure? Strategic Default?   Underwater borrowers are often in a quandary about what to do. It’s been reported that 70% of borrowers whose homes are foreclosed upon never contacted their lender.  Lenders prefer short sales. Foreclosure sales not only typically cost more, but also result in lower […]

Despite Positive Reports Some Areas Still Suffer With Negative Equity

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

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 […]

Freddie & Fannie Suffer Losses, Request Aid From Treasury

Posted by & filed under Stockton Real Estate.

On May 5th Housing Wire reported The Federal Housing Finance Agency had to request $10.6 billion from the Treasury Department to cover Freddie Mac’s $10.5 billion deficit. On May 11th  the Wall Street Journal reported Fannie Mae needs 8.4 billion. According to Freddie Mac, due to new accounting standards implemented in the first quarter of […]

Media Reports REOs Are On The Decrease But Up Over Last Year According To LPS

Posted by & filed under Foreclosures, Stockton Real Estate.

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 […]

New Short Sale Rules Could Help Borrowers

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

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 […]