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Find below a “market snapshot” of the town of Windsor from Foreclosure Radar. The “P”’s stand for “Pre-foreclosure” which are Notice of Defaults have been filed. This is normally 120 Days to the point of “Sale”or completion of the foreclosure process. “A”-stands for “Auction” or at the final stage of the foreclosure process where the [...] In his Foreclosure Radar Blog, the companies CEO is predicting 3 more years of defaults, modifications,short-sales, REOs and Foreclosures!He thinks we are simply pushing it down the pike to avoid the inevitable. I do believe also we are “kicking the can” down the street but not to avoid the responsibility for the massive defaults, rather [...] As usual, tons of useful information…all rolled into one very entertaining hour. This week; Making your property appealing without a PRICE REDUCTION by offering closing costs, buying down a mortgage, getting creative. Why this makes sense…Mike will break it down to the numbers~ The long and short of the Buyer/Agent relationship ~ Plus, Mike and Alli’s “Tales from the Trenches”; The Bank’s [...] Sonoma County Homeowners! Other parts of the country are freakin’ out over a 5% Underwater Scenario!Read on Zillow where a couple who are current homeowners where complaining how “Sideways” they are in their home. They have a loan of $242,000 with a valuation of $230,000 or about a negative of 5%!! We deal with clients here in the “Wine Country” where they’d DIE to be ONLY 5% underwater!! How about 40-60%!! [...] In Sonoma County the first timer Federal Tax Credit doesn’t appear to have been a complelling reason to puchase a home. Unless one ads in the number of “Short-Sales” now in “Continue to Show” status! Sales are up a paltry 5% over last year at this time for the June Sales Data. That ain’t no [...] Linda Green, a local bankruptcy attorney, joins us this Sunday to discuss the benefits and downside of seeking Chapter’s 7 or 13 bankruptcy. Facing imminent forclosure? BK could be your savior. Is it the Nuclear Option? Her practice is in the North bay representing folks from Marin, Sonoma, Napa, Lake and Mendocino Counties. She regularly counsels [...] Both Allison and I have gone through the CDPE (Certified Distressed Property Expert) 2 day training course and get weekly updates on the latest in the world of REO, Short-Sales and Distressed homes and those wishing to sell them. Strategic Defaults-Sonoma County,California Sellers–to do a short-sale you need to meet 3 tests: Hardship (job transfer, loss of job) Allison Norman joins Mike Kelly today on the Longest running Sonoma County,NorthBay RealEstate Talk show in the UNIVERSE!! Or thereabouts! We will be discussing the latest government intervention program (click on the the Blue lettering to go to our complete Short-Sale file!) ; HAFA (Housing Affordable Foreclosure Alternatives) program plus the latest FHA Refinance program–are [...] Nationally recognized REO/Foreclosure Expert-Ivan Choi Joins us this Sunday on the Real Estate Hour!This Week on the “Real Estate Hour”, the NorthBay’s Longest running real estate talk show! Sunday, March 7, 9 to 10am PST, KSRO, 1350AM or tune us in on the web at: www.KSRO.com or visit our radio show blog: www.TheRealEstateHourBlog.com Have a question for Ivan? Call: 707-636-1350 or email before, during or after the show to: [...] |
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