foreclosure: Short Sales Benefit Imperial Valley Real Estate Home Buyers - 03/29/10 05:54 AM
BREAKING NEWS! State of California offers first time buyers a tax credit incentive of up to $10,000 on homes purchased between May 1, 2010 and December 31, 2010 or after December 31, 2010 through August 31, 2011. See the article below for full details.
Everyday buyers contact me about homes on the market or they’ll find a listing online. Invariably just about every discussion turns to the question, hey Frederic “is the home a short sale?”. As your Imperial Valley Housing Specialist I am honored to help you make the important decision of becoming a home buyer and turning … (0 comments)
foreclosure: Flood of Foreclosures in the Forecast - 12/08/09 09:34 PM
Flood of Foreclosures in the Forecast Less than 1/4th of recent bank owned or REO properties taken back by banks over the last 60 days have been integrated into the local housing market according to research conducted by REALTOR® Frederic Din. "I researched over 150 newly acquired bank owned properties from October 1st through December 4th, 2009 and found only thirty-seven properties listed in the Imperial Valley Multiple Listing Service (MLS) out of properties researched throughout the county". While Frederic's research of "shadow inventory" in the Imperial Valley is ongoing, he states there are definite trends leading to a growing level of vacant … (4 comments)
foreclosure: Find Foreclosure Bargains in Imperial Valley CA - 11/17/09 04:03 AM
Find and Buy Foreclosure Bargains in Imperial Valley CA First time home buyers, trade-up buyers, investors and bargain hunters are able to easily search and find Foreclosure bargainst to buy in Imperial Valley. Home buyers can search properties in three foreclosure categories, PreForeclosure, Auction (Trustee Sale), and Bank Owned homes. "I'm giving home buyers another choice when it comes to searching the internet for their dream home" says REALTOR(r) Frederic Din of EXIT Stepping Stone Realty, who is offering clients a value added search on his websites and blogs. "It's simple, enter a city or zip code in … (0 comments)
foreclosure: Role of the BPO Real Estate Agent - 07/29/09 11:56 AM
Role of the BPO Real Estate Agent I was going to call this article "Don't Shoot the Shooter", (picture shooter that is) since people seem to get defensive when I'm on their street taking pictures of houses for comparables and BPO reports. It seems as if they have the right to tell me not to take pictures of their house or even the neighborhood. Why not, I'm on public property, right? Maybe I will start writing a series of short articles of my BPO and REO property inspection encounters. People for the most part are cooperative and understanding, however once in … (2 comments)
foreclosure: El Centro CA Has Most Underwater Mortgages In US Below Sea Level - 05/27/09 09:18 AM
El Centro CA has Most Underwater Mortgages in the US Below Sea Level~ Frederic Din News leader CNBC lists El Centro CA as Number 11 in its story "U.S. Cities With The Most Underwater Mortgages" out of 163 of the largest US cities according to Zillow.com Home Values Index, however Imperial Valley REALTOR(R) Frederic Din says "...we're number one when it comes to mortgages underwater below sea level."
According to the report, the Top Spot in the US, a place where they can claim to be Number 1 is Las Vegas-Paradise, NV with just over 2/3rds of all mortgages … (1 comments)
foreclosure: Imperial Valley a Story of Hardship and Hope - 04/27/09 10:44 AM
The following is the print posting of a story in the Los Angeles Times regarding the Imperial Valley economy entitled "Deepening woes for the Imperial Valley" by bureau chief Tony Perry. Please comment below, I am interested in what you have to say. I call this version of the story, Imperial Valley: Hardship and Hope
From the Los Angeles Times COLUMN ONE Deepening woes for the Imperial Valley The remote region in California's arid southeastern corner has a long history of hardship and hope. Now, an economy in free fall has residents wondering how much worse it … (0 comments)
foreclosure: Housing Sales Prices Decline, Buyers Finding Best Deals - 02/02/09 12:06 AM
As seen on ImperialValleyLiving.com Even as housing prices in Imperial County continue to spiral downward, there are some positive signs for people who were cautious during the housing boom. The most recent figures indicate that in Imperial County, the median price of an existing home declined to $175,000 in December 2008, down 28.6 percent from December 2007, when the median price of an existing home was $245,000. With many home values in Imperial County declining, the housing market is actually providing an opportunity for many local residents to become homeowners. The declining prices may even mean that homes … (2 comments)
foreclosure: Imperial Valley Real Estate Short Sale Avoid Foreclosure - 01/27/09 09:25 PM
Imperial Valley Real Estate - Imperial Valley Short Sale - Avoid Foreclosure The purpose of this article is for you to share with others you know who are asking the same questions. Please pass it around and make sure everyone you know who has a home or a mortgage knows about it. If you want to sell your home and you're located in the Imperial Valley, please let me know ~ the possibility of a "short sale" is a very important way to avoid damage to your credit history over the long term. I can help you by putting together a package your lender will need in … (0 comments)
foreclosure: HOPE for Homeowners Can Help - 10/15/08 08:01 AM
HOPE for Homeowners Can Help You've heard the news, you've read reports, Congress and everyone seems to be talking about Hope for Homeowners, but how does it HELP? The program, which was enacted by Congress is geared to help homeowners who are at risk of falling past due and going into foreclosure. The goal is to refinance these at risk loans into more stable, fixed rate products that are affordable for homeowners. This program began October 1, 2008 and will run through September 30, 2011. Preiminary estimates have shown that as many as a half-million homeowners could benefit from the Hope … (0 comments)
foreclosure: Imperial County Foreclosure Sale List 10/04/2008 - 10/04/08 07:04 PM
Imperial County Foreclosure Sale List 10/04/2008** Writers note: September Notice of Trustee Sale notices declined approx 20% from August, however September numbers represent 100% increase in foreclosure postings from 2007.Although a smaller amount of Notice of Default and Notice of Trustee Sale notices were filed during September may be classified as the beginning of the end of tumultulous foreclosure activity, the author feels this slight downturn represents a combination of lenders more willing to participate in loan modifications, or the implementation of an additional 30 day wait period of mortgage lenders to find solutions before issuing such notices of foreclosure. You can count on me to track the foreclosure activity … (0 comments)
foreclosure: Imperial County Foreclosure Sale List 09/02/2008 - 09/03/08 12:58 PM
Imperial County Foreclosure Sale List 09/02/2008** Writers note: August represents a large amount of foreclosure postings, although not a record high month it remains as one of the top 3 months during the year so far. The last three weeks indicate another large amount of Notice of Trustee Sales filings since the time I began tracking the data in Imperial County. Previous records pale in comparison to the amount of foreclosures taking place during this time. The following list contains postings within a three week period representing the majority of all public record sources reviewed. ** These homes are the future … (0 comments)
foreclosure: Foreclosure hits home - Cape Code case study - 09/02/08 09:32 PM
Foreclosure hits home - Cape Cod style Don't let the name fool you, I'm not talking about Cape Cod, MA but I am talking about a property constructed in the classic Cape Cod style, so I am dubbing this my Cape Cod case study. In almost all parts of the Country there are untold stories of tragedy and loss as a result of increasing foreclosures nationally. This will be an ongoing series examining a few homes in my local area that have hit the inevitable wall of foreclosure. I would be surprised if you told me you don't know anyone personally facing foreclosure or someone … (1 comments)
foreclosure: Establishing Value in Todays Market or How Much is My Home Worth? - 08/19/08 08:16 PM
Establishing Value in Todays Market or How Much is My Home Worth? Today's post is a culmination of questions, quips, and ponderings during the year and from previous years reflecting my time in the real estate and mortgage industry. It is also a post of recent client call, which provides a great framework for this discussion. Any comments readers would like to share, I am interested in hearing them. ** Thank you ** (My relocation client has not signed a listing agreement). Home values in today's market are more of a moving target than ever before and the target seems to be dropping … (0 comments)
foreclosure: President Bush signs FHA housing rescue bill into law - 08/03/08 07:54 PM
President Bush signs FHA housing rescue bill into law and on Saturday the Senate voted to pass this legislation 72-13. The House voted and passed the bill a few days earlier. The program will officially begin October 1, 2008 and will be in place for two to three years. Funds for the program will come from FannieMae, FreddieMac, and fees paid by lenders and borrowers. This bill allows and authorizes FHA to insure up to $300 Billion dollars of subprime loans. In addition to assisting borrowers who are stuck with complicated suprime and exotic mortgages, the bill permanently increases the the conforming loan limits guaranteed by FannieMae and … (7 comments)
foreclosure: Imperial County Foreclosure Sale List 07/11/2008 - 07/11/08 06:33 PM
Imperial County Foreclosure Sale List 07/11/2008** Writers note: The past two weeks indicate another large amount of Notice of Trustee Sales filings since the time I began tracking the data in Imperial County. Previous records pale in comparison to the amount of foreclosures taking place during this time. The following list contains about 70 postings within a two week period representing 95% of all public record sources reviewed. ** These homes are the future Bank Owned and REO properties during the next 90-120 days. FREE Real Estate & Mortgage Information for Imperial County, CA List of Bank Owned (REO) homes24 Hr Recorded Info, Call 1-866-227-1254 Ext. 8888 Looking for Foreclosure … (0 comments)
foreclosure: Imperial Valley sees 11% drop in foreclosures in May - 06/09/08 01:11 PM
Imperial Valley sees 11% drop in foreclosures in MayBy Frederic A DinThe number of Imperial Valley homes entering the foreclosure process in May was down about 11% from the previous month, according to statistics reviewed Friday, however the number of homes heading to the auction block increased by 33% from the previous month.A total of 239 notices of default - the first step in the foreclosure process - were filed in Imperial County in May, compared to with a year long peak of 268 in April. However, local housing experts think the drop in foreclosures may be short-lived and it may … (0 comments)
foreclosure: Imperial County California Foreclosure Sale List 05/04/08 - 05/04/08 06:20 PM
FREE Foreclosure Listings Imperial County, CA Looking for Foreclosure HELP - Click Here! Note: Trustee Sale notices are listed below and are sourced from public records which may not be accurate. Auctions are held at the Imperial County Courthouse, 939 Main Street, El Centro, CA at 2:00pm or 3:00pm. Check with the court clerk for exact date & time. Loan Amount is listed for reference only and sourced from the Notice of Trustee Sale. All details are subject to change without notice. BOOKMARK this site! Tell others about these listings, email it to your friends! *List is updated approximately every 10-14 business … (0 comments)
foreclosure: Imperial County Foreclosures Hit Record in April 2008 - 05/03/08 12:23 AM
Imperial County Foreclosures Hit Record in April 2008By Frederic A DinForeclosures hit a record high in April 2008 as Imperial County logged the largest amounts notices in both stages of foreclosure activity to date. According to data analyzed and reviwed from the Imperial County Recorders Office, Notice of Default filings or NODs were up 8% from last month and up 173% from the same time last year, April 2007. Notice of Defaults are the first official step in the foreclosure process and are usually sent to home loan borrowers after three or four monthly payments have been missed. "Typically lenders will send a … (1 comments)
foreclosure: Are You Stuck with a BAD Mortgage? There is Hope! - 07/17/07 03:20 PM
Mortgage Money Meltdown ~ an investigative report by Frederic A Din, licensed mortgage professional Regardless of your credit rating you may have obtained a mortgage from a list of companies that are now defunct, but that's not the problem. Can you get out of your mortgage may be the actual issue at hand. The real estate industry frenzy since the turn of the century has aided the economy in terms of moving money forward, up and out of the recession from 09/11 and war. Record numbers of transactions in terms of both real estate sales and mortgages brought everyone out of the … (0 comments)
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BREAKING NEWS! State of California offers first time buyers a tax credit incentive of up to $10,000 on homes purchased between May 1, 2010 and December 31, 2010 or after December 31, 2010 through August 31, 2011. See the article below for full details. 
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