Going out of town? Keep it to yourself.... don't tell the twitter bird! - 05/29/09 06:41 PM
I just heard on the news that a man who uses twitter frequently - just twitted himself into being burglarized!  I guess he sent out his usual "what I am doing" tweet and someone that is in the business of robbery went to his house and robbed him.  He was of course, upset about the burglary and said he would continue to twitter but would not be telling when he is going out of town or when he is away from his home.
A word to wise.  Do the same.  There are just some things that you just don't tell the … (18 comments)

Tenants should get CASH FOR KEYS for short sales - don't you think? - 05/29/09 05:24 AM
I am trying to figure out how we can get the banks to offer to pay Cash for Keys in the case of a short sale approval.  Especially if the occupants to the property is a tenant.  In the case where the owner get up side down on their mortgage (which is a large % of the homeowners these days) -- and the occupants are tenants -- wouldn't it be a good jesture to offer the tenants a cash for keys amount to move out by a certain date or at least by the close of escrow date.
After all the … (4 comments)

Yes ,your Sofa may be comfy but .... there goes the neighborhood! - 05/26/09 10:24 PM
While doing my walk today, I saw something that I just can't get out of my mind.  I saw a couch in the front yard and yes the family was out there sitting on it!  It is not one of those -- I just happen to walk by and see, this one has been out there for a while because the grass around it was yellow.
The house next door was vacant and the one on the other side was a very nicely maintained property.  I know that homeowner is wondering why this is happening to him and his family.  Why … (0 comments)

Why do banks prefer FORECLOSURE rather than Short Sales? Is it all about the bank! - 05/26/09 09:58 PM
Does the banks have a good reason for denying short sale requests and just going on with the foreclosure?  If yes, why don't they just tell the borrower and agent that there is no way they will take a short sale on the property.  Even if they do not give the reasons why they are not going to approve the short sale... they could at least tell the homeowner and agent so they will not waste months of hours waiting on something that is not coming -- a Short Sale approval.
Here are some of the possible reasons banks rather do … (10 comments)

Dear Buyers..... This is the clearance rack & There is no 2 for 1 sales going on! - 05/26/09 09:18 PM
Dear Buyers:
This letter is written to all buyers (owner occupied, investors, second home, move ups, move downs... etc.). I am writing this letter to inform all the potential buyers that are sitting at the table trying to figure out if now is a good time to buy or not.  To those that are asking that one question "should I buy now or wait for prices to go down lower"? 
First, let me say that I do think that prices are going to go down a weeee bit more before we head back up, HOWEVER.. whether we believe it or not … (0 comments)

A stroll through the neighborhood is not what it used to be! - 05/26/09 04:29 AM
What it used to be in taking a nice walk through the neighborhood and what you now is just not the same !  The neighborhood used to be a full and lively community with all the homes occupied.  It used to be hard for people looking to purchase or rent a property --because they would not be able to find one -- at least not right away.  Seemed like every home was occupied with people that went to work everyday to keep their homes, and would be able to do other things with their family such as outtings, vacations, etc.  People always seemed to … (2 comments)

What are your frustrations with Short Sales? Let's start the list.... - 05/26/09 04:02 AM
I believe someone is listening! So let's give them THE LIST...
GOOD NEWS:  According to the U.S. Treasury update for 5/25/09, there is going to be some changes made to the Short Sale process for banks to follow - (can you believe.....Standards?). The new changes are sited to help distressed homeowners avoid foreclosure by streamlining the short sale process!  Yes, this is true.  Although they do not have it concluded that all banks are doing it yet... Bank of America has joined the band wagon and OMG I pray they all step up to the plate.
The main problem is -- I … (3 comments)

Do you have enough to go around? - 05/25/09 12:56 PM
Point:  ActiveRain is the largest network sharing site that directs so much opportunity to the Real Estate Professionals -- as of today there are 147,477 members here on AR.  As we know ActiveRain is a real estate social networking site that is set up to have us share information and the opportunity to learn much more than on any other network site.  So do you have enough knowledge and information to go around and share some of it with others?
If your answer is no to this question, you might want to sharpen up a bit and get busy blogging, reading … (8 comments)

How do you know when the chicken is done? - 05/24/09 11:31 AM
Somehow I am going to try to relate this to real estate!! But first to answer the chicken question.  Since it Memorial Day holiday weekend... make sure when you cook the chicken you make sure it is done.  There is nothing more dangerous to you than chicken that is not completely done.  No it does not work like fish or beef -- it must be cooked completely.  That means no red.  If its red, don't eat it -- put it back on the grill, the oven or microwave and give it a few more minutes.  It could save your life.  Pork works … (16 comments)

Fire the babysitter.... and move on - 05/24/09 03:14 AM

 A page from the diary of an agent: Fire the babysitter and move on!
As an agent, I work at being a team player, which includes sharing with other team members what I know to help me do a good job.  In turn, I listen to what others have to share in how they do business and I weigh out what can help me to enhance my business. Although some agents really do not like to share information, they just want you to give up all your information!
Since I am in my own business I want it and I … (0 comments)

Fire the babysitter.... and move on - 05/24/09 02:21 AM
 A page from the diary of an agent: Fire the babysitter and move on!
As an agent, I work at being a team player, which includes sharing with other team members what I know to help me do a good job.  In turn, I listen to what others have to share in how they do business and I weigh out what can help me to enhance my business. Although some agents really do not like to share information, they just want you to give up all your information!
Since I am in my own business I want it and I work … (12 comments)

In Honor of our Troops and those that has passed on .....! - 05/24/09 01:56 AM
I would like to show honor to the US troops that are far away fighting for what they believe in -- America and Freedom!  On those days that we sometimes feel that life is dealing us a bad hand... that would be a real good time to remember the US Troops and all of those that has given their lives for America.  When we feel like whinning about .... oh lets say our "bad broker" --- lets stop for a moment of silence right at that time for the U S Troops and the Arm Forces that have went to war … (0 comments)

4541 Da Vinci Drive, Stockton, CA 95207 - 05/24/09 01:37 AM
Nice Big House! Bank Owned Check out more on: www.motheranddaughterrealtyteam.com
↑ Grab this Headline Animator
… (4 comments)

3918 Crestmore Court, Stockton, CA 95206 - 05/24/09 01:19 AM
C O M I N G S O O N !
Weston Ranch Home for Sale
3918 Crestmore Court
Stockton, CA 95206
WEBSITE: http://www.motheranddaughterrealtyteam.com • Want to purchase a REO property? Want to know what properties I have to sell? • Need information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide • For a FREE MARKET EVALUATION of your home • Need a Short Sale Specialist? Take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog - for other tips for Sellers and Buyers. I work with my daughter as the … (2 comments)

2422 Bayliner Drive, Stockton, CA 95206 - 05/23/09 08:07 AM
C O M I N G   S O O N !
WEBSITE: http://www.motheranddaughterrealtyteam.com
• Want to purchase a REO property? Want to know what properties I have to sell? • Need information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide • For a FREE MARKET EVALUATION of your home • Need a Short Sale Specialist? Take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus … (0 comments)

Sneak peak: From Banks' Training Manual -- Chapter 5: Phone Answering... "just pick up the phone and do the best you can"! - 05/22/09 04:24 AM
OK... I think I have it now!  What must be the easiest job going right now is customer service at the banks.  When you call the banks for questions on the short sale process or what the status of your short sale process you get the "strip" read to you and without phase or thought.
You get asked...
What is the loan number What is the priminary borrower's social What is borrower's name Who you are? What company do you work for What is the property address What is the borrower's phone number And "what can you help you with"?  --- … (0 comments)

Let's go slog through the red tape.... put your boots on! - 05/22/09 04:01 AM
The big buzz word nowadays is "loan modification".  When we talk to someone we tell them to go to their lender and ask for a loan modification.  But really what are we doing to that homeowner? Are we giving them false hope?  Are we setting them up for a deeper downfall into the "under water hole"? 
Some homeowners have been going round and round with their lender trying to get their loan modified.  They have had to submit and re-submit their paperwork and still no loan modification in sight.  Of course, some would say they are getting a "free" place to stay … (0 comments)

Are the banks 5 cents to 10 cents (nickle and dime)or what? - 05/20/09 12:33 AM
Have you noticed that the banks are getting down to the nickle and dimes by countering back for small amounts and standing firm when they should accept the offer and move on to escrow?
Why is that?
Why is it that the bank know from the start they listed a little higher than what the property is really comping out to, but then they get real hard nose when it is a "close bid" they will not give in.  I have had them lose the sale, a quick sale and it is only $5000 difference.  Then the sit on the market … (10 comments)

GMAC strikes again! GMAC....How low can you go? GMAC will make you curse! - 05/18/09 10:49 AM
You know it is too early this Monday morning to get this kind of information. This is definitely my rant for the day!
I have been calling GMAC in an effort to get a short sale request approved.  The sales date is today... and yet this was the first time I have been able to speak with a "negotiator" about the request.  All the other double digit times I have called, I have only been able to speak to the rep that answers the phone and reads the call history report to me.  So anyways....
I call this morning and since … (2 comments)

First to show up to view the property.... but will they buy? - 05/18/09 08:15 AM
I have noticed the very first viewers that will show up at the property --- before it is cleaned up and listed - are the:
Looky-loos (not serious buyers but will waste a lot of your time)  -- I tell them I am not just cleaning it up and it is not listed and they still want to go inside and see it!! These are usually people that are either related to or know the previous owners and want to have something to talk about -- so they come over and see how the property was trashed!!! Unqualified buyers (you won't … (2 comments)

Vacant REO Properties - is registration required? - 05/16/09 01:53 PM
Although not just in California, these cities have adapted City Ordinances to cover vacant properties (Stockton, Sacramento,  Merced, Fresno, Chula Vista, Santee, Palmdale, Murrieta, Temecula, Lake Elsinore, Hemet, Indio, Desert Hot Springs) -- and the issues related to these - foreclosed properties that are left vacant and unkept.  Some of these cities require that the bank register the vacant property, however, Stockton only require that the agent put a sign on the property that states that the property is bank owned, give the agent's information and a 24 hr /7 day a week number to contact the agent if there are any problems with that … (13 comments)

Got GMAC? You may qualify for a Refinance if...... - 05/11/09 01:29 PM
 For more information, visit www.makinghomeaffordable.gov.
You may qualify for a MORTGAGE REFINANCE if:
You have a Fannie Mae or Freddie Mac mortgage loan on your primary residence, second home or investment property. Please contact Fannie Mae at 1-800-7FANNIE or Freddie Mac at 1-800-FREDDIE if you are unsure. You owe no more on your 1st mortgage than 105% of your home's current value. (Example: you owe $105,000 on a home with a current market value of $100,000.) You are current on your existing mortgage. You are interested in a new fixed or adjustable loan at current low rates. Note: Refinancing fees may … (1 comments)

Got GMAC? You may qualify for a loan modification if.... - 05/11/09 10:52 AM
Thanks to the President's making homes affordable plan - helping homeowners is a Top priority to the proposed changes. GMAC has announced that they are cooperating with this plan is trying to offer plans that will help homeowners stay in their homes.  You can get more information by visiting the website:  www.financialstability.gov
Here are some of the guidelines to this plan:   You may qualify for a LOAN MODIFICATION if:
You own and occupy your home as your primary residence. You are either current, at risk of imminent default, or behind in your mortgage payments, or are in foreclosure or bankruptcy. The unpaid principal balance … (0 comments)

A property is only worth as much as the buyer is willing to pay for it! - 05/10/09 07:57 PM
The property is good looking from the outside, not too bad on the inside! But the house two door down just sold for over $30,000 less that what your listing is listed for.  The question that should be going through both the seller and listing agent is how in the world do we expect to sell this property that is listed too high to sell?
Since the majority of listings are either Foreclosure/REOs or Short Sales: Lets address them. 
Short Sales:  One the other main problems with getting the property priced right is the owner and their attachment to the property.  … (2 comments)

Study & follow the demand.... - 05/06/09 12:45 PM
Is it smart to aim your goals high in this market?  Well some would say you always aim high! 
For the sake of this post, lets be real.  Aiming too high, can hurt your business! We're talking about real estate, in this market and with foreclosures being the leader in properties sold (45-50% sold properties are foreclosed homes) probably even higher.  Since housing is decreased, employment is in the decline, foreclosures are up.... we need to point our aim at the right target to make our goals. 
So given that the properties are foreclosed homes, people lost their homes due to … (2 comments)

Getting a good deal on a property (Post Five) series - 05/05/09 09:30 AM
There is a process required for purchasing a property and tips that will help you make it an easy way to buy!
This is Post Five:
Have a team to help you - Your Realtor, Mortgage person, Home Inspector, Termite Inspector and other contractors should all be on your team.  If you find a fixer upper do you have a contractor that can help you repair the home in an affordable fashion you'll be more confident when buying. If you don't have these people on your team you will be hesitant and miss out.
Having a good team is only half … (0 comments)

Getting a good deal on a property (Post Four) series - 05/05/09 09:18 AM
There is a process required for purchasing a property and tips that will help you make it an easy way to buy!
This is Post Four:

Do you Homework / Know the Market / Read any documents you receive / Ask questions before you sign! - If you don't know what is a good deal and what isn't a good deal you will be in trouble.  Do your research so you are confident when you find a good deal.  This is the part that you should have strong knowledge of all during the process - especially when:
Before You make the … (0 comments)

Getting a good deal on a property (Post Three) series - 05/05/09 09:03 AM
There is a process required for purchasing a property and tips that will help you make it an easy way to buy!
 This is Post Three:


Be Aggressive/make an offer -  You can't get a great deal if you never make an offer.  Don't be afraid to submit an offer on a property.
  * In these market conditions, make sure you have an agent.  Make the offer after you inspect the property.  Make sure that you speak with the listing agent to ensure that you understand the terms of our listing clearly. In most cases, the property will be … (0 comments)

Getting a good deal on a property (Post Two) series - 05/05/09 08:56 AM
There is a process required for purchasing a property and tips that will help you make it an easy way to buy! 
This is Post Two:
Find motivated sellers- Motivated sellers could be a Bank Owned Property, Relocation Seller, Estate sale, Divorce situation...there could be others too. Its no guarantee that the above sellers are for sure motivated, but often times they are.
  * for the sake of this post lets say it is a REO (Bank Owned Property).  Listings that have been on the market for over 60 days can be more motivating that those that are just … (0 comments)

Getting a good deal on a property (Post One) - 05/05/09 08:48 AM
There is a process required for purchasing a property and tips that will help you make it an easy way to buy!
This is Post One:In a series of posts, I will give some tips in assisting you in how to find a good REO deal and how the process works.  Due to the condition of the market, the majority of available properties is either a Short Sale or Bank Owned properties.  Of course, there are a few other property sale types that are listed on the MLS and For Sale by Owner by not many (some are from Probate, some … (0 comments)

Getting started... outside blog - 05/01/09 10:35 AM
OK I did it.  Not sure yet just how it works but I did sign up for the outside blog (Mother and Daughter Blog).  I love to blog and I know it will attract readers to me.  I will do my research on ActiveRain and will be up and running soon.
If you're in the area, stop by and check me out on my outside blog.  I also signed up for the router.  Been busy doing REOs and now I am getting caught up on the new items on ActiveRain.  More later.....
… (0 comments)

New Uniform for Fannie & Freddie (for Appraisals)..... who will benefit - and at what impact? - 05/01/09 12:01 AM
Happy May 1st .... what changes do we know about for this month?
Effective May 1st - Fannie & Freddie will go uniform on the appraisal process for CONVENTIONAL LOANS.  This change affects only the conventional loan transactions.  It appears to me that this is a way to push borrowers/buyers into using the FHA, VA, Basically here are the changes I have heard about the new HVCC process:
Big banks will pull appraisers from a pool that could mean that the appraisers are out of area (could be 50 miles or more). Appraisers getting the assignments will probably be less qualified … (0 comments)

 
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Rosemary Brooks-The Mother & Daughter Realty Team

Rosemary Brooks

Stockton, CA

More about me…

BMC Real Estate - 209-910-3706

Address: 6507 Pacific Av , Ste. 202, Stockton, CA, 95207

Office Phone: (209) 910-3706

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BMC Real Estate - the Mother and Daughter Realty Team. A Realtist, CDPE, FAS. We take the extra steps to ensure our clients receive the utmost care! Call 209-910-3706 We represent home buyers and sellers as their exclusive agents in the Central Valley, Bay Area and nearby counties. Your Real Estate Professionals. ~~~~~~~~~~~~~~~~~
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