Foreclosures & Short Sales

Nov

How To Buy A Foreclosure

Posted In: Foreclosures & Short Sales, Good ol' Fashion Humor

This is worth a chuckle: http://www.youtube.com/watch?v=SM7oWKgCVo4

Nov

Foreclosure Update

Posted In: Economy, Foreclosures & Short Sales, General Real Estate News

The number of mortgage default notices filed against California homeowners fell last quarter compared with the prior three-month period, the result of lenders’ evolving foreclosure policies, an uncertain legislative environment and an uptick in the number of mortgages being renegotiated, a real estate information service reported. “It may well be that lenders have intentionally slowed down the pace of formal [...]

Sep

Foreclosure Workshop

Posted In: Foreclosures & Short Sales

If you are behind in your mortgage payments, or headed in that direction, you have options. The NID Housing Counseling Agency is offering free Housing Counseling Clinics for homeowners having difficutly maintaining their monthly mortgage payements because of: -Property Value Decline/Can’t Refinance -Situations beyond your control -Increased Mortgage Payment -Adjustable Rate Mortgage -Loss of income/job -B a n k r [...]

Jul

FHA Finalizes Anti-Flipping Rule

Posted In: For Buyers, For Sellers, Foreclosures & Short Sales, Mortgage & Finance

Real estate flippers got a new set of marching orders last week — at least those flippers who want to use FHA mortgage financing.The Federal Housing Administration issued long-awaited final regulations on property flips last Wednesday. The rules take effect nationwide July 7. Flipping involves resales of houses or other real estate shortly after acquisition, typically at a substantial price [...]

Jun

Some Short Sales Are Still Taxable Events

Posted In: For Sellers, Foreclosures & Short Sales, Taxes

Disclaimer: I am not a lawyer. I am not a CPA. I am a Realtor. Therefore, if you have any questions about any of this, do not ask me. I am merely a funnel for information that was provided to me by Old Republic Title. Taxpayers Beware: Zero Profit Doesn’t Mean Zero Capital Gains Taxes! In this difficult market, many [...]

Jun

Just In…California Foreclosure Moratorium News

Posted In: Foreclosures & Short Sales, Mortgage & Finance

Effective today banks in California cannot foreclose a mortgage without either renegotiating the loan or giving the homeowner three months notice. This is a good thing because it will encourage lenders to either cut rates or rewrite loans to affordable levels, which may allow many Californian’s to keep their homes. Lenders will have to demonstrate that they have tried to [...]

May

What Should A Foreclosure Buyer Know?

Posted In: For Buyers, Foreclosures & Short Sales

I’ve been working with a lot of buyers lately, many of which have been purchasing foreclosures. If you are in the market for a foreclosure, here are some things you should know: 1) Is it a good time to buy a foreclosure? I can only speak for our market over here in the East Bay, but if it is the [...]

Feb

NOD’s Filed For Q4-O8 Are Down

Posted In: Foreclosures & Short Sales, Local Market Statistics

The number of mortgage default notices filed against California homeowners fell last quarter to its lowest level in more than a year.

Jan

Calling All Skaters, Head To The Pool

Posted In: For the Heck of It, Foreclosures & Short Sales

Skaters are traveling across the country to skate in the pools of homes that have been foreclosed on. Flashing smiles as wide as half pipes, kids everywhere are finding a surplus of empty pools with which to perfect their acrobatic skills. To read the entire article, click here: http://www.nytimes.com/2008/12/29/us/29pools.html?_r=3&partner=rss&emc=rss

Jan

The Future Looks Grim, So Sayeth Carole Rodoni

Posted In: Economy, For Buyers, Foreclosures & Short Sales, General Real Estate News, Investing, Local Market Statistics

If you are looking for someone with a strong opinion about the economy and real estate, then look no further than Carole Rodoni. Her leadership and statistical analysis of the economy and how it affects real estate makes her opinions extremely valuable. Yesterday I spent nearly 2 hours in a room with 500 other curious minds to see what Carole had [...]