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foreclosure: What is the strangest thing you have found in an REO property? Here's mine! - 12/31/08 02:33 PM
Ok, I have seen a lot of strange things over the past year of listing REOs. The strangest has to be this one! As I was taking pictures and making an inventory of property that was left behind, I stumbled on this old prosthetic leg in the corner of the garage.
                                         
 What's the weirdest thing you have come across?
… (45 comments)

foreclosure: FHA Hope for Homeowners - List of Participating lenders announced - 10/23/08 12:01 AM
FHA has come out with the current list of lenders who have expressed an interest in participating in the progrgam. The list will be refreshed on most Fridays.
This program became effective as of October 1st, 2008 and runs through September 30, 2011. Congress anticipates that as many as 400,000 homeowners may be able to avoid foreclosure by going through this program.
The program is voluntary for lenders to participate and has several components.
First, the borrower's loan would be refinanced and set to 90% of the current appraised value with the lender taking a loss between the current loan and the new amount, or the lender could … (4 comments)

foreclosure: The Newest Trend in Foreclosures -- Bus and Limo Tours?? - 03/16/08 02:18 PM
So the newest trend with foreclosures seems to be bus and limo tours of foreclosed properties. I am trying to understand why buyers think these tours are worhwhile.
I can understand from the agent and lender's perspective. Get 10 to 20 people on a bus and you have a captive audience to pick up business over the course of a dozen or so stops.
What I do not understand is why the consumer thinks this i a great idea.  It's not like you could not see these homes any other way. I am sure part of it is the novelty of the idea.  … (0 comments)

 
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Bonita Malone, GRI, SFR, CDPE

Elk Grove, CA

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Better Homes and Gardens Mason-McDuffie Real Estate

Address: 7801 Laguna Blvd, Ste 100, Elk Grove, CA, 95758

Office Phone: (916) 478-7184

Cell Phone: (916) 502-1049

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