California Foreclosure Activity in November 2010
CA – Filings By Loan Origination Date CA – Filings per Loan Balance CA – By Est. Market...
Read MoreWhat To Expect When You Short Sale Your Home.
There is a good chance if your a homeowner that you have little to NO Equity in your home. Recent reports show nearly 14 Million Homeowners underwater…and 1 in 4 homeowner’s are in some stage of the foreclosure process. With the Robo Signing fiasco, banks have been on high alert not to exacerbate the already “questionable” processing of foreclosures. What that means is that banks are much more willing to work with sellers that want to short sale the home. We’ve been listing and selling short sales for more than 3 years. Banks used to fight tooth and nail...
Read MoreDon't Be A Casualty Of The Economy…Find Opportunity In Adversity
Here we are, ready or not…Thanksgiving a few weeks away and Christmas next month. The time of year family and friends gather to celebrate and rejoice. I know that’s a hard word to say for some …rejoice…the times we are living in are full of anxiety and stress as we watch our economy crumble. Family, friends and neighbors all experiencing the hardships of the housing market and loss of income to some degree. When I was a young girl, I loved this time of year. It was a “Happy Time” watching the changing colors of the leaves and jumping into the piles of...
Read MoreHousing Crisis…Modern Family Episode Captures The Life Of A Real Estate Agent
I’ve typed the first line to this post no less than 10 times, there’s some great facts as you get towards the end, but I think I want to start with last Wednesday’s episode of Modern Family. Kris and I look forward to non stop laughs while we relax and enjoy the seemingly wacky and chaotic lives of three separate households that are intertwined. If your not a Modern Family fan, let me give you a little background of Phil Dunphy… Phil is a real estate agent, and is married to Claire…they live in a nice neighborhood in a nice home. They have 3 kids, and all of the...
Read MoreOver 100,000 Bank Repo's in September…Highest on Record…California Represents 21% of the Foreclosures! I Smell Short Sale
A total of 102,134 bank repos, where borrowers actually lose their homes to foreclosure, were reported in September, up from 95,364 in August. “Lenders foreclosed on a record number of properties in September and in the third quarter, taking a bite out of the backlog of distressed properties where the foreclosure process was delayed by foreclosure prevention efforts over the past 20 months,” said James J. Saccacio, chief executive officer of RealtyTrac, in a release. “We expect to see a dip in those bank repossessions — and possibly earlier stages of the foreclosure process — in...
Read MoreShort Sales…Thoughts on Foreclosure Roulette…Failing Loan Modifications…Our Housing Market In Crisis
I think we are getting a glimpse of things to come…new buzz word for sure! Foreclosure Roulette. This article was front page of Huffington Post earlier today. Bea Garwood has been bracing for foreclosure since May, but she says she’s been told three times to expect a sheriff’s sale in the next month and it still hasn’t happened. “We really at this point do not know where we are in the process,” said Garwood, who lives in Pinckney, Mich. with her husband. “We have no clue. We haven’t even heard from Chase bank in three weeks.” The...
Read MoreGet this FREE book when you sign up!
