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Boomerang Buyers-Default,Deed-in-Lieu,Loan Mod,Short-Sale, Foreclosure, or BK’s?

Had a big adverse credit event? Short-Sale, Foreclosure, BK,Deed-in-Lieu? Revisit your real estate loan capacity. Times have elapsed and you could find a new more is in your near future! […]

Boomerage Buyers? It just got HARDER for you!

Fannie Mae is changing the waiting period requirements for borrowers who have had a previous deed-in-lieu of foreclosure or pre-foreclosure sale (aka “Short Sale”) from the current two year wait, with a 20% down payment, to a four-year waiting period regardless of the down payment percentage; though a two-year waiting period will be permitted if […]

Want to Buy a Home but past “Short-Sale” or Foreclosure is keeping you out? Help is HERE!

Join Allison and I was we interview Jon Maddux of www.AfterForeclosure.com and their unique web site dedicated to helping the “Boomerang” buyer, or the buyer who recently went through a “Short-Sale” or “foreclosure” own a home again.

Had a recent Foreclosure or “Short-Sale”? You just MIGHT be able to buy again!

The folks […]

Nationwide Home Values Map 2008 vs. 2013-The big TANK and the big REBOOT!

The “New York Fed”  has this great series of maps showing the housing surge, decline and THEN surging redeux. Interesting aside is the map for 2011 which shows strengthening home values only to have them disappear by 2012. June 2013 resembles CLOSELY the height of the market. Here we go again? Tune in to the […]

All Categories of “Foreclosures” down EXCEPT the actual FORECLOSURES category-flat but NOT down!

Sonoma County, California–Note that the “Pre-foreclosure” market place, those 90 days late or “in-default” has fallen dramatically, almost 70% from the previous year, same is true of the “Auction” properties with a BIGGER decline of over 75%. However, the actual “Foreclosed” upon homes is NOT that dramatic year over year, 45% decline but note the […]

Foreclosures quickly becoming a thing of the past here in Sonoma County, California

Sonoma County, California–June of 2013 has seen the ever accelerating decline of the “distressed” real estate market place. The new “Equity” Seller, or what we affectionately now call-“move arounders” because they go up, laterally and down with a new purchase, are NOW the dominate player in our real estate market. The “dark” days of the […]

Sonoma County Real Estate Market Update–First 6 months Review!

The “Wine Country” real estate market has many “micro” areas from the blistering hot demand and sales town of Sonoma with its idyllic town square, to the SW area of Santa Rosa which is seeing price recovery slower than any area in Sonoma County. I’ve taken the first six months of this year […]

Victim of Foreclosure? Mortgages serviced by Goldman Sachs and Morgan Stanley ANOTHER settlement is coming! 96,000 of YOU!

 

Fed: 96K Foreclosure Review Checks to Be Sent to Underpaid Borrowers By: Esther Cho DSNews.com 05/09/2013

About 96,000 borrowers who received a check under the foreclosure review settlement should expect a second payment since their checks were for a lesser amount than what they should have received, the Federal Reserve announced in a statement.

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ALLISON NORMAN OF KELLER WILLIAMS DESIGNATED AS “EMERGING LEADER” BY THE NORTH BAY ASSOCIATION OF REALTORS (NORBAR).

ne of the main issues currently in Sacramento of major concern to Norman is the “Debt Relief” extension NOT yet ratified by the legislators. On the national level the “Debt-Relief” extension was extended by Congress to the end of 2013. However California has YET to extend this valuable aid for “underwater” homeowners facing serious tax consequences when selling their home for LESS than what is owed. The difference between the sales price and loan amount, usually a negative number, is considered “Debt Relief” and is treated as ordinary income. Norman noted that a homeowner selling a home for $300,000 with a $400,000 loan would have “debt-relief” of $100,000. In California this would be subject to income tax as ordinary INCOME for the year 2013. […]

Sonoma County, Ca FORECLOSURE REPORT–January 2013 Cancellations leading the pack, REO market going, going, gone?

Here in Sonoma County, California, “The Wine Country with the Coast”, the last report from Foreclosureradar.com (January ’13), shows the impact of the “Homeowner’s Bill of Rights” and the huge national settlement set by the 49 attorneys general–

 

Cancellations–where the bank stalls the foreclosure process are NOW leading the pack over the  bank “Foreclosing” […]