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 […]
Posts Tagged: Short Sales
Are Banks Dumping Short Sales For Less Lucrative Foreclosures?
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 […]
Over a Quarter of All 2010 Home Sales Were Foreclosures
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 […]
Readers Rate Local Economy San Joaquin #2 Story of the Year
According to The Record readers, the local economy was the number two story of the year. One factor contributing to the overall economy was the housing market. San Joaquin county was number two in the nation for foreclosures in 2010 but housing prices remained relatively unchanged with an average home price of $181,000.
Short Sales Influence Home Sales In November
Home sales had an uptick in November partly due to an increase in short sales driving down home prices. This helped to influence a rise in sales up 9.2 % over October but still down 8.6% over November of last year. The median home price in San Joaquin is down 4.1% from last year. For […]
Stockton, CA, Stockton Home for Sale & Stockton Real Estate, 3591 Quail Lakes Dr # 167, Stockton, CA, 95207
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
Stockton, CA, Stockton Home for Sale & Stockton Real Estate, 9128 Chianti Cir, Stockton, CA, 95212.
Download now or watch on posterous 9128 Chianti Cir_ Stockton_ CA_ 95212.mp4 (7164 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Move-in condition home in family friendly neighbourhood (a park is across the street!!). A built-in desk area, eat-in kitchen, and shutters in family, dining and kitchen makes this […]
Stockton, CA, Stockton Home for Sale & Stockton Real Estate, 3215 W Alpine Ave,Stockton, CA, 95204
Download now or watch on posterous 3215 W Alpine Ave_Stockton_ CA_95204.mp4 (11442 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Move in ready & priced BELOW APPRAISED VALUE!!! This charming house has been recently brought back to life inside & out! Offering 4 possible bedrooms, 2 full bathrooms & […]
Stockton, CA, Stockton Home for Sale & Stockton Real Estate, 2938 Water Mill Ct , Stockton, CA, 95212.
Download now or watch on posterous 2938 Water Mill Ct_Stockton_CA_95212.mp4 (4861 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Stockton Short Sale on a large corner lot! Master with walk in closet and double sinks. Kitchen with gas stove and tile counters. 3 Bedrooms plus a loft. This home […]
Lathrop, CA, Short Sale Lathrop Home for Sale & Lathrop Real Estate , 16990 Pecan Hollow Way, Lathrop, CA, 95330.
Download now or watch on posterous 16990 Pecan Hollow Way_ Lathrop_CA_95330.mp4 (4815 KB) For information on this and all the Lathrop homes for sale visit www.Homes-In-Stockton.com! Great Lathrop Short Sale in Mossdale Landing. Over 2500 sq. ft. of living space! Open floor plan. Downstairs bathroom and bedroom. Bonus loft area upstairs. Kitchen with Corian counters. […]
Home Sales Up in US but Down in CA – Lenders Partially to Blame
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 […]
Foreclosures – Suspended or Expedited? Depends on Who You Ask
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
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. […]
California DRE Reports Increased Mortgage Fraud
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 […]
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 […]