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The "Settlement Terms" have a - "will move, but slowly" clause in there some place. - 02/16/12 05:52 AM
When I hear the word "Settlement" I think of the pieces of mail I get on a regular basis - telling me to join in on a class action suit in order to reap the rewards of the "settlement" for this or that. So I am hoping that homeowners do not view the recent announcement in the same manner - and not request to be considered in this "Settlement" that was recently announced.
WARNING: It will take time to put it all together and it is a basic "hurry up and wait" situation, but then remember Rome was not built in … (1 comments)
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Speaking of ground hog day... are the lenders still holding on to their "shadow inventory"? - 02/16/12 05:28 AM
No this is not talking about the ground hog. Anyways that is over until next year - and only on Feb 2nd. What I am talking about 'Shadow Inventory' The shadow I am talking about is "Shadow Inventory": A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until prices improve. This is the inventory the real estate industry have been waiting on for months (almost 2 years) now. This is the inventory that banks are holding on to or have released … (1 comments)
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Homeowners: Fannie Mae and Freddie Mac is not included in the Settlement - 02/13/12 03:47 PM
Some are asking well why not? Why is Fannie Mae and Freddie Mac not participating in or included in the Settlement?
The Settlement Does Not Apply to Loans Owned by Fannie Mae and Freddie Mac - These two Government Sponsored Agencies (GSE’s) agencies now own approx. 50% of all loans in the U.S. and up to 80% of all the subprime loans that are in the most trouble. This Settlement will provide no help for these homeowners. Even though Fannie Mae is under a Government Conservatorship, Fannie Mae actively opposes any principal reduction of its loans.
I am expecting that they are being … (0 comments)
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Homebuyers: Ways to hold title ... a need to know! - 02/13/12 09:12 AM
Homebuyers: I find this chart very handy on the different ways a buyer can consider holding title. One of the documents/ questions asked a buyer is how do you want your property vested? From the choices listed below – the buyer(s) will choose. This form and question will come from title during the escrow period and again at the closing/signing of documents.
Whether you are a married couple, married filing as separate property: or whether you are filing In common, Tenancy, community or survivorship you should know how each works before you make the decision. And always keep in … (0 comments)
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... a project for fourth graders or for parents? - 02/12/12 02:32 PM
What are you doing this Sunday? Today is my day to visit a local mission with my fourth grader!! And one of her friends. Its amazing how things can age you - I do not recall having to do a 4th grade mission project. Of course, that was some years ago but now this is what is happening in the 4th grade. It is a huge project (to me) for fourth graders.
So we are breaking it down into parts and setting our sites on gettting it done. I know it does have its interest points.
While looking for information on … (1 comments)
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How do you know when your flip deal has flopped? - 02/05/12 09:28 AM
Had an incident with a flip property. The seller purchased the property at a steal of a price, did some fixing up and with each nail he must have been thinking that he could get more and more for that property --- and when he hammered that last nail and cleaned up the place - he was certain it was worth way more than what it was. So he set out to sell and not give in to anything lower than what he wanted.
When the appraisal came in -- it was lower than what this seller was asking for this … (2 comments)
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DUE DILIGENCE or JUST PLAIN COMMON SENSE - DOES THE SELLER HAVE THE ABILITY TO CLOSE?? - 02/05/12 09:13 AM
This is an age old question - if the property is priced right will it sell? Sometimes you have to wait until the seller falls out of love with their home that they are now having to short sale. That could take longer than you have left to sell or it could happen in time for no hic ups in the deal. You just never know.
I had a seller the other that had so much pride in his home that he didn't feel it should be a short sale - that there is something wrong with the comps and market … (1 comments)
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THE EASY WAY TO BUY A HOME...It is NOT a new Strategy - 02/04/12 11:34 AM
Now is the time to purchase a home before the prices go back up. Since you are ready to buy... do it the easy way. Find yourself a real estate professionals that is a good listener, and that knows how to sell homes! This is the key to making your dream home search easy and fun and profitable to you. So get your ducks in a row, get ready and set to purchase a home while the prices are right and remember to find yourself a good agent that will make your journey a good one.
If you are in the … (1 comments)
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What the heck does it take to.... HARP? - 02/04/12 11:22 AM
What the heck does it take to HARP?
In no particular order, you should make sure that you fall within these lines in order to enjoy HARP possibilities.
HARP mortgages are backed by Fannie Mae and Freddie Mac. Check out your mortgage to be sure: Only owned or guaranteed by Fannie Mae or Freddie Mac quality Only those mortgages that were securitzed prior to June 1, 2009 can apply for HARP Make sure your loan's PMI is not paid by your lender - its called LPMI (Lender Paid Mortgage Insurace); its built into your rate. So if it says LPMI - … (0 comments)
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Rosemary Brooks-The Mother & Daughter Realty Team
Stockton,
CA
More about me…
EMBARCADERO Investments - 866-543-0461
Address: 6777 Embarcadero Drive , Ste. 1, Stockton, CA, 95219
Office Phone: (888) 543-0461
Cell Phone: (866) 543-0461
Email Me
EMBARCADERO INVESTMENTS - the Mother and Daughter Realty Team. A Realtist. We take the extra steps to ensure our clients receive the utmost care! Call 866-543-0461
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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