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Sonoma County Short-Sale History–How many, Hot-Spots of Sales, How LONG does it take? Read ON!

Here in Sonoma County,California  Short-Sales are a consistent part of our monthly sales. Our market currently is 50/50 Distressed (gun to your head selling–short-sales) and Bank Owned(REO-real estate owned or foreclosed upon bank owned homes). The other 50% of the market are “elective” or “equity” Sellers.  Our clients keep asking  WHEN will  a “normal” market appear? […]

“Bulk” Sale of Short-Sales could aid Blighted communites with rampant Foreclosures!

Here in Sonoma County, the “Wine” Country, our real estate market absorbs “Bank Foreclosure homes” at a pretty quick rate. We could use more as they are Buyer favorites as they are no-nonsense, close in a ready manner and present a good value. However other more urban areas in harder hit areas (Detroit, Pennsylvania, Florida, Las Vegas, […]

So, What is a HAFA Approved Short Sale ???

Follow this link for an explanation from the National Association of Realtors website….and come see our listing at 3768 Hoen Ave, Santa Rosa,Ca…. coincidentally,an approved HAFA short sale. $262,650. 3/2 1276sqft. Open 11/06/2011 from 1-4pm.

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“Walk Away” Calculator–Today’s guest reccomends this interactive calculator to see IF YOU should Walk from your Home Mortgage

Here’s the Web site to use this “Calculator” to determine if waking away from your mortgage makes sense. As always, consult with an attorney and CPA to determine any tax liability or possible debt relief issues. This is reccomended by our guest on Today’s Show, Nicholas Carroll in his book, “Walking Away from Debt–for a […]

Sonoma County, California consumers-anti scamming alerts! Department of Real Estate articles.

 

Attorney Jeremy Olsan joins us today–Foreclosure-ShortSale Scams to Avoid!

Thanks to attorney Jeremy Olsan for providing us with special updates on Senate Bill 458 plus Scam updates regarding pre-foreclosures, short-sales and Loan Modifications. Invaluable to any of our listeners facing a situation of a distressed property. He wanted me to post these Department […]

This week’s Guests: Two Industry Leaders in the “Distressed” Real Estate Market +John Duran,President of SRCR!

Listener’s to The Real Estate Hour, Sundays, 9 to 10am pst, 1350AM, KSRO, will hear two Industry leaders who are  experts in the field of “Distressed” properties: Ivan Choi,current president of REOMAC and formerly Sr. VP of REO for Countrywide and Bank of America. PLUS Allen Seelenbinder, Sr. VP of REO/Short-Sales BofA West Coast–just these […]

California Foreclosure Timeline…Facing Foreclosure? Know what to expect, and then find out your options

If you’re facing foreclosure…this time-line from the Ca. Association of Realtors really breaks down the process. You may have time to look at other options such as a loan mod or a short sale….but you need to understand the process. Also, the timeline leading UP TO the Notice of Default, which in turn starts […]

Equity Share Explained; Benefits to Investors, Home Occupier, and Seller

WHY IS THIS GOOD FOR THE INVESTOR?

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Today’s Show: Equity Sharing–Can’t qualify for a loan today? Sold your home as a “Short-Sale” or lost to Foreclosure? Want to take advantage of these great prices? Tune us in this morning!

Sonoma County,California Home buyers who have recently lost their home to foreclosure, sold as a “Short-Sale” or who can’t qualify for a loan today but are good credit risks–Equity Share may be the tool for Home Ownership! Join us today as we welcome long time friend of the show–Harry Coffey as he […]

Short-Sales and “Deeds-in-lieu” UP according to the Treasury Department! But Loan Mods–50% fall out!

DSNews.com and Carrie Bay report: The Treasury Department released a new report on the government’s foreclosure prevention efforts Friday. In addition to the Home Affordable Modification Program (HAMP) numbers that are regularly recounted, new this month are details on short sales and deeds-in-lieu, as well as second lien modifications.

Treasury reports that as of the […]