Miscellaneous Category
Short Sales: A neccesary evil, sellers guide to success.
October 23rd, 2009
By Bob Sparks
Whether you call it a pre-foreclosure sale or a short sale it’s pretty hard for sellers to get excited about the prospect of walking away from their investment with no equity and damaged credit. While it may be a hard pill to swallow it is still often the best option to start the recovery process.
If [...]
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On Banks, Floods, and Foreclosures
October 21st, 2009
According to an article in the LA Times, that flood of foreclosures throughout California, as prophesied by so many, may not happen. Not if the banks continue to move away from the ’shoot first, ask questions later’ system of foreclosing. According to Times writer Peter Hong, “statewide, the number of homes taken back by lenders dropped sharply in the three months ended Sept. 30, falling 37% over the same period a year earlier, when foreclosures were at an all-time high.
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Upfront Loan Mod Fees Banned
October 14th, 2009
By Brad Garbutt
Governor Schwarzenegger signed SB 94 into law a couple days ago which, among other things, prohibits anyone from taking an advance fee for promised loan modification services. Prior to this bill’s enactment, attorneys and some real estate agents could charge borrowers an upfront fee typically ranging from several hundred dollars to several thousand dollars for promised loan [...]
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Life Equals Risk
October 12th, 2009
By Ross Domke
We are a team of successful, professional, and knowledgeable real estate agents….
We finish strong for each client.
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Life Equals Risk
October 12th, 2009
By Ross Domke
We are a team of successful, professional, and knowledgeable real estate agents….
We finish strong for each client.
Leave a Comment »
Short Sellers Dealt A Blow
October 9th, 2009
By Brad Garbutt
Senate Bill 306 will not require lenders to review or respond to short sale requests from sellers and their agents. This bill was allegedly mischaracterized by practitioners as much needed legislation requiring a 21-day turnaround for short sales approvals. This bill actually requires lenders to respond within 21 days with a payoff demand when requested.
What [...]
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Not Sure You Are A First Time Homebuyer?
October 9th, 2009
By Ross Domke
Of course if you’ve never owned a home the answer is obvious …yes you are…
Haven’t owned a home in 3 years? ….yes you are
Renting with a good income? …yes you should …
In reality there is less than a week to be able to grab onto the Federal Credit….has to close escrow by Nov 30th to [...]
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Not Sure You Are A First Time Homebuyer?
October 9th, 2009
By Ross Domke
Of course if you’ve never owned a home the answer is obvious …yes you are…
Haven’t owned a home in 3 years? ….yes you are
Renting with a good income? …yes you should …
In reality there is less than a week to be able to grab onto the Federal Credit….has to close escrow by Nov 30th to [...]
Leave a Comment »
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