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foreclosure: Modifying your mortgage? Perhaps you should modify your expectations! - 07/14/11 09:01 PM

Modifying your mortgage? Perhaps you should modify your expectations!

If you live in the Bakersfield area, and you've defaulted on your mortgage... chances are that Brenda and I know about it! Don't let that scare you, we're here to help!
There is a theme amongst struggling homeowners, when approached regarding their mortgage situation. A knee-jerk response that people seem to be responding with. "I'm modifying my mortgage, thank you" they say (not everyone says thank you). What seems to baffle me is that the homeowner will make this statement with full confidence that this is the solution to all of their … (1 comments)

foreclosure: I've had a foreclosure, when can I buy? - 06/07/11 05:43 PM
I've had a foreclosure, when can I buy?
 
Many people ask how long will it take for them to be able to purchase a home after a foreclosure; short sale or bankruptcy. The market has changed and there are banks out there that understand the economic housing situation. In this live blog I review an idea of the time periods pertaining to eligibility in purchasing a property after credit has been effected in a derogatory manner.
 
 
 
 

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foreclosure: Stop Foreclosure.....What Is A Short Sale? - 06/07/11 02:19 PM

What Is A Short Sale? Unless you are in a position to buy a home, or are experiencing a hardship that is causing you to default on your mortgage, you might not know what a short sale is. In the San Joaquin Valley approximately 75% of all the homes on the market are short sales. I often get asked "how does someone qualify?" and "what are the benefits?" I have noted below a basic outline that will help you understand the short sale world. This outline applies to both residential and commercial properties. What is a short sale? - It's in … (4 comments)

foreclosure: Short Sales - 05/31/11 07:51 PM
The short sale topic will be addressed in this blog answering common questions that many home owners have pertaining to the details of a short sale. Common questions are answered such as: Who qualifies for a short sale? How long is the process? When can I purchase another home again after a short sale? How many years does it effect your credit? Can a family member purchase your home? It is very important for homeowners understand their option of a short sale since a foreclosure is far worse in the length of period that it damages your credit, essentially limiting ar … (2 comments)

foreclosure: Malibu Short Sales - 03/15/11 04:07 PM
Think you're the only one in Malibu faced with foreclosure?
Think again... you're not alone.

* P: Pre-foreclosure (Notice of Default)
* A: Auction (Foreclosure proceedings) 
  * B: Bank Owned (Post-foreclosure REO)
 
The reality is that no market stands untouched by the current economic conditions. People of all walks of life are faced with tough decisions, especially with regards to their mortgage(s). If, like many other people, you're experiencing financial hardships and are faced with a possible foreclosure, a Short Sale may be your best, and safest option. 
As your Malibu Short Sale Specialist, I am here for you, … (1 comments)

foreclosure: Bank Owned (REO, Lender Owned) Homes In Malibu. - 12/01/10 12:51 PM
Bank Owned (REO, Lender Owned) Homes In Malibu.

Purchasing a bank owned property in Malibu provides you with a unique opportunity to purchase a home in one of the most prestigious locations in CA. at "liquidation" prices. 
 
For example, rarely would you see a homeowner drop their price by over $1,000,000. Most homeowners do not have the ability (or the need) to be as objective about their listings as a bank.
 
Banks are not interested in (or in the business of) owning homes.
 
Take a look at 33730 Pacific Coast Hwy. Malibu, CA. 90265. This REO has … (0 comments)

foreclosure: What's a Short Sale?! - 11/09/10 12:32 PM
What's a Short Sale?!
Even if you're new to the business, this would seem like a silly question. The majority of the currently real estate market consists primarily of short sales. On almost a daily basis my wife and I are explaining to consumers what a short sale is. This is something we're more than happy to do. After all, it's our job to educate the masses on how we work and what their options are in selling their homes. What gets me (every single time) is when an agent who is active in this market, truly doesn't understand what a … (2 comments)

 
Brenda_brendan Rainmaker_large

Brendan & Brenda Winans Luxury Real Estate & Short Sales

Bakersfield, CA

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Coldwell Banker

Address: CA

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