More mortgage modifications are focusing on the sustainability of a loan in addition to focusing on affordability, according to a recent report from the Office of the Comptroller of the Currency (OCC). The OCC’s Q1 Mortgage Metrics report found that out of the 34,481 modifications completed by the seven largest banks during Q1 (Bank of America, Citibank, HSBC, JPMorgan Chase, PNC, U.S. Bank, and Wells Fargo), 91 percent of them were of the “combination modification” variety. Combination modifications include multiple actions … (0 comments)
ventura county short sale specialist chris b johnson realtor: Ventura County Short Sales Are EXEMPT From Deficiency Judgements
- 02/09/16 04:06 AM
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS® Moorpark Short Sale HELP!! California May Pay You To Short Sale Oxnard REO Coming To Market What Is My Home Worth? A California homeowner whose home was underwater asked her bank to approve a short sale of their home and the bank agreed… but under one condition. The borrower would have to agree to waive her anti-deficiency protection, which means that she would be responsible to pay the difference between the sales price of the home and what was owed. The homeowner agreed… the home was sold for less than the amount owed on the mortgage… and the bank moved to … (2 comments)
ventura county short sale specialist chris b johnson realtor: Will Ventura County Short Sales Get Another Year Of Tax Exemption?
- 12/18/15 12:59 AM
Chris B Johnson, REALTOR® Featured Listing Mortgage Pre Approval Time To Buy A Home California May Pay You To Short Sale Home sales continue to outstrip supply as the number of homes for sale and months of inventory available continue to decline. The Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
“We want to make sure that families who are trying to stay on their feet aren’t kicked while they down,” Reed said. “Many times they have tried to do everything right, … (0 comments)
ventura county short sale specialist chris b johnson realtor: Sight Seeing..or Serious Buyers?
- 10/30/15 02:40 AM
Chris B Johnson, REALTOR® Featured Listing Mortgage Pre Approval Time To Buy #ChrisBJohnsonRealtor Chris B Johnson, REALTOR® Owning a home is still the American dream, but how many buyers are willing to make (and/or capable of) the actual hard sacrifices to get one.
Determining which buyers “are real” and which are “just (fantasy) shopping” is the key to your (our) success.
Many agents (privately) complain they’ve “had their chain pulled” (almost always by friends/ family members) repeatedly by buyers who get the “itch” “just to start looking”without any sense of urgency for preparation.
If you have a relative or a member of … (0 comments)
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®
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