|
| |
I love to blog! - 04/30/10 07:38 AM
After over a year of blogging... I can truly say I love to blog about real estate. I love to share and I love to learn from others. ActiveRain is one of those sites that allows you to mentor others and learn from others.
The hot topics now is the market condition: Pre-foreclosure, foreclosure, loan modifications, HAMP, HAFA, Short Sales, REO/Bank Owned properties and you hear it from the top professionals. Although these are not happy time it is great to be able to help others by Blogging. Blogging is educational and it is great!
After I blog on ActiveRain I usually … (0 comments)
|
So we can get back on the right path.... - 04/28/10 07:22 AM
Some are skeptical of the Making Home Affordable plan. Some say it won't help but will just slow down the recovery. What do you say?
I say... We have the following programs to help homeowners, and I suggest if you are homeowner that is having mortgage problems that you check out with your lender which option will work best for you:
The Home Affordable Modification Program - which was set up to provide eligible homeowners the opportunity to modify their mortgages to make them more affordable. This program is set up for the 1st mortgage. ** You can also go to … (1 comments)
|
How Long is a Home Inspection - 04/25/10 01:44 PM
This post is right on with a buyer should get for their money - a good home inspection.
Rosemary Brooks
Embarcadero Investments
www.motheranddaughterrealtyteam.com
Via Scott Warga (ACSI American Construction Specialists & Investigations):
I recently say another blog where someone commented that a home inspection should take about an hour and a half, I almost had iced tea come out my nose when I read that.
Buying a home is one of the biggest investments you will make in your life, and you want someone to check it out and tell you what the condition of the home and all it’s systems are. … (3 comments)
|
Junior lien holders - go on and take the incentive ..... Remember lemonaide needs more than lemons! - 04/25/10 01:27 PM
This is a question that hopefully the second lien holders can answer that the incentives offered in the Making Home Affordable Program is enough to motivate more shore sale approvals. Afterall, if the homeowner goes to Foreclosure... you get ZERO. And by the second lien holder approving to take short of what is owed, this will help make the HAFA program run smoothier for those homeowners that have 2 loans on their property.
Lets not forget, second lien holders are also First lien holder in some cases. Most of the major lenders are participating in the Making Home Affordable Programs (HAMP and HAFA). While … (4 comments)
|
Major Lenders are stepping up ...to reachout to the homeowners in the Central Valley! - 04/25/10 04:50 AM
In default or foresee risk of default? Seek FREE help from a HUD certified housing agency. NID-HCA is located @ 6777 Embarcadero Dr Ste. 1, Stockton. 209-982-8806.
This weekend , there was a great turn out at Atwater & Ceres locations - Loan Mod workshops. Among the banks that participated in these workshops: Bank of America, Chase, Fannie Mae. NID-HCA and other agencies attended the workshops as well. They were there to help the homeowner fill out their packet to request a loan modification from their lender. THis was a great effort to reach out to the community and provide information and resources … (2 comments)
|
Something bad is in the water - URGENT - Central Stockton, CA. Do not drink the water! - 04/21/10 09:17 PM
Stockton California this is an URGENT announcement: The Water is NO GOOD - until the notice is lifted.
Residents in about 3,500 central Stockton homes are advised to boil their tap water until further notice after officials found E.coli bacteria this morning during construction of a water main.
The area affected is bordered by Grange Avenue on the east, Riviera Drive on the west, Inman Avenue on the north and Lucerne Avenue on the south, the California Water Service Co. said.
"This is a serious advisory and it should be taken seriously," said Ross Moilan, district manager for CalWater. "We … (2 comments)
|
So who's watching the market? - 04/21/10 11:15 AM
Here is the 24-Hour Market Watch for the 9 counties of Central Valley, (includes Placer to Merced counties). Note the large number of back on the market properties. And who said there are no expired listings anymore.
What I like most is that there is movement on the listings (324 pending) and 337 new listings - added to the back on the market will give you good idea of how many listings this 24-hour Market Watch brings our way!
Good day:
… (0 comments)
|
HAFA ..and you say my mortgage loan servicer MUST do what ? - 04/21/10 03:25 AM
If you are wondering what must your servicer do in the HAFA program. Here is a just a list of the items the servicer must do to get you started in doing a short sale (HAFA) program.
The HAFA(Short Sale) program is a part of the HAMP (Loan Modification) program. If the homeowner is not eligible for the HAMP program or has either failed or turned down the loan modification, they are eligible for a short sale.
… (5 comments)
|
Will RESPA Rules Clog The Real Estate Recovery? - 04/21/10 03:10 AM
This is an excellent post and I figured it would make sense to keep it fresh in our minds of the many changes RESPA has put into play since last year. Rosemary Brooks Embarcadero Investments
Via Century 21 First Realty:
I had an interesting conversation with with a residential mortgage lender yesterday regarding the new changes that went into effect on January 1, 2010. For regular readers of our real estate blog, I covered these changes a few months ago in an article about RESPA reform.
His point is that while the changes appear to be based on good intentions, they might … (0 comments)
|
Who Is A Good Referral - 04/21/10 02:56 AM
This is an excellent call out for referrals. I amen the approach and the echo the call! Thanks Stephanie.
Rosemary Brooks
Embarcadero Investments
Via Stephanie Reynolds (AgentsOfPossibility.com, REALTOR, GRI, ePro at CMI, Inc. ):
Who Is A Good Referral?
Anytime I am asked for a referral for anything; from a travel agent, a dentist or a good restaurant, the first thing that comes to mind is who can I refer that will represent the qualities I find important. I want the person I am referring to have a fantastic vacation, no pain in their mouth and a satisfied pallet!
I have expectations for the … (0 comments)
|
7553 Lighthouse Drive, Stockton, CA 95219 - 04/21/10 02:17 AM
This is a great Short Sale value. The location, condition and price are all good! Don't miss out on this one. Seller will review offers on April 26th. Viewing is by appointment only, call listing agent. DO NOT DISTRUB Occupants.
… (7 comments)
|
Big & FREE! For Stockton, CA/Central Valley Homeowners - HAFA Short Sale - 04/20/10 12:58 AM
Attention: HOMEOWNERS that are in Mortgage trouble or foresee a risk of mortgage trouble. If you live in the Central Valley area - these workshops will be very valuable to you. We will give you information on HAFA, alternative HAFA short sale and refer you to HAMP Housing counseling if you need it. Don't Miss out! Dear Homeowners:
If you are having mortgage problems and need a short sale Know someone that might be having mortgage problems and need a short sale Interested in learning how HAFA Short Sale works..... This is an opportunity you do not want to miss!
… (0 comments)
|
Together everyone achieves more - 04/20/10 12:04 AM
Great positive post.. I wanted to share it.
Via Susan Neal, Fair Oaks CA Real Estate Broker (Century 21 Noel David Realty):
These days with the economic troubles the world has experienced over the last few years, it seems that there is a lot of frustration and blaming. "It's not us, it's them to blame."
I think the best way for us to survive any kind of crisis is to avoid the "blame game" and to work together to solve the problems and work toward a better future. I do not mean this in any political way - just in general. It … (4 comments)
|
Fannie Mae changes ... waiting time to purchase again OR Waiting to Exhale! - 04/19/10 11:25 PM
Fannie Mae has figured out how it will handle allowing borrowers that are experiencing the pre-foreclosure process now -- as to how long they will have to wait before they can become homeowners again.
Of course, this is just for those that will be interested or able to purchase another home prior to the current wait times that are set.
… (4 comments)
|
Interest Only Loans was good then.... but now they look like HAMP and/or HAFA! - 04/18/10 08:43 PM
So many of the homeowners that I have spoken to is caught up in the Interest Only financing maze and still do not understand how it works! I believe it is impossible to figure out just how many people signed up the Interest Only loan and now find themselves owing even more than what the original loan was for (due to late fees and the Interest Only loan... only covering the interest). While the name of the loan is not misleading.... the outcome maybe to more than some.
Back in the day... Interest Only Loans looked and sounded good, but now.... … (2 comments)
|
For Sale by Owner and HAFA Short Sales don't mix! - 04/16/10 07:37 AM
Well, its been said that an owner can actually sell their own home if they want to. This is not so with HAFA Short Sale program. HAFA stands for Home Affordable Foreclosure Alternative. The HAFA program is not allowing homeowners to sell their own home. You must hire an agent to handle this transaction for you.
This is actually a good policy is many ways, but the most important is that - doing a short sale is a stressful process no matter if it is HAFA or the regular or what I call the traditional short sale way. Let an ageng handle this for you … (2 comments)
|
Be on top of your game! First Time Homebuyers .. Get your certification! - 04/16/10 07:13 AM
First Time Homebuyers, have we got good news for you!
Since the requirements for purchasing a home and receiving assistance is starting to be enforces the "first time homebuyers must be certified in order to qualify for down payment assistance" programs. NID-HCA is a HUD certified housing agency and will be holding several workshops in the Central Valley to serve the first time homebuyer in obtaining this certification.
NID-HCA (Housing Counseling Agency) will be giving a First Time Homebuyer Workshop on May 29 (10-2) with a follow up to complete your First Time Homebuyer certification.
Call 209-820-5410 for more information.
… (2 comments)
|
When is renting your property a good option? - 04/16/10 06:06 AM
In this market madness, renting maybe an option that will help you keep your home. This could be either you rent out a room or two or you have a second property and need to rent it out or you can stay with relative or friends and rent your property out until you can afford the mortgage on your own.
Can your property rent for the mortgage amount or more? In many cases rent does not cover full expense of the property - can you afford the difference? Do not forget to add in your insurance, home owner's association, property management (if you … (4 comments)
|
There is a catch to Forbearance.... but it still an option - 04/16/10 05:59 AM
In most cases, your mortgage is not fully cured or reinstated through a forebearance option .... not until all your payments are up to date or paid in full.
If you miss a payment (just 1) your mortgage servicer can end the agreement and you can end up in the same stage of the foreclosure process as you were originally. If you are in default now and miss you are back in default and have to pay close attention to any sales date set or you could end up in foreclosure (quickly). Servicer must abide by the foreclosure laws for your … (6 comments)
|
Is it possible to have equity in this market and still be the foreclosure process? - 04/16/10 05:51 AM
Yes it is possible. Of course, that would put you in the miniority status but that is a good place to be if you are sitting on equity in your home. And yes, you can list and yes it will sell if priced right.
If you have equity, even if in the foreclosure process you can sell and cure the foreclosure issue. This is still a situation to call your lender and keep in touch because you would hate to lose your home just because you ran out of time --- and especially if you have equity in your home!
Call … (0 comments)
|
|
|
|
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
Email Me
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.
~~~~~~~~~~~~~~~~~
 Listings
Links
Archives
|
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
Get the 
;)
;)
;)
