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%!! [...]
Check out Podcasts of our latest & archived radio shows! 
Video Series with Mike Kelly & Toni Esposti  |
Sonoma County Homeowners! Other parts of the country are freakin’ out over a 5% Underwater Scenario!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 [...] Who is Eligible for HAFA? Homeowners in Sonoma County,California in Distress need to read the qualifications of this “game changer” loan program. The HAFA (Housing Affordable Foreclosure Alternatives) program will be offering homeowners with NON-Fannie Mae and Freddie Mac loans–a way OUT of their homes if they so desire! Here’s to see if you qualify! 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: [...] Sonoma County distressed Home Sellers this could be your salvation! Tried a modification and it is JUST not working for you? Go to this LINK to see our entire radio show file and look for the one labeled “HAFA”. This program could be a real “game changer”!! The previous programs just didn’t work for high [...] Mortgage Workouts in Sonoma County,California? Now Tax-Free for Many Homeowners; Claim Relief on Newly-Revised Note: Legislation enacted in October 2008 extended this relief through 2012. Thus this relief now applies to debt forgiven in calendar years 2007 through 2012 Use for 982 and see a qualified tax consultant to see how this applies [...] Short Sales the topic of discussion tomorrow on The Real Estate Hour, KSRO, 1350AM, 9 o 10am PST. Or at www.ksro.comWe have attorney James Falcone speaking from Sacramento on Senate Bill 306 which at first blush makes many promises to those seeking a short sale but upon further review has some interesting “Thresholds” for lender [...] Our real estate market seems to be shifting yet again. It’s no secret that the banks lose significantly less money if they accept a short-sale offer as opposed to selling the home as an REO. So, why don’t they pick up the pace on accepting short-sale offers? The reality is they lack the systems to make [...] |
|
|
Copyright © 2010 The Real Estate Hour's Official Blog - All Rights Reserved |
||
Blog Comments