How to Choose a Short Sale Agent

Posted by & filed under All-communities, Stockton Real Estate.

There are many nuances to a short sale transaction and every short sale is unique. Therefore the short sale agent you choose can make or break the deal, so choose wisely. When researching for a short sale agent, experience is very important. Research your local market and see who has the other local short sale […]

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 […]

Are Banks Dumping Short Sales For Less Lucrative Foreclosures?

Posted by & filed under Foreclosures, Short Sales.

Are banks purposely rejecting short sales in favor of less profitable foreclosures? Maybe so, but why? Some say it may be for reasons such as avoiding fraud or favorable accounting rules allowing banks to foreclose on a home without having to write down a loss until that home is sold as opposed marking the loss […]

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 Foreclosures, 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 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 Foreclosures, Realtor, 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 Foreclosures, 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 […]

Understanding Deficiency Clauses

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

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 Foreclosures, Short Sales.

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 […]