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Stanislaus County Short Sales - Why the Big Government Settlement is Probably Not Going To Help You Anytime Soon! - 02/23/12 07:20 PM
Stanislaus County Short Sales - Why the Big Government Settlement is Probably Not Going To Help You Anytime Soon!
You have probably heard that there has been a settlement between the U.S. Government and the 5 big banks accused of "Robo-Signing". On February 9th of this year the settlement was announced. The five banks are Bank of America, Wells Fargo, Chase, Citi and Ally. If your mortgage is with one of these banks you MAY be affected.
The settlement is worth $25,000,000,000 (that's BILLION). This applies to 49 of the 50 states because Oklahoma worked out their … (4 comments)
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Stanislaus County Short Sales - The Clock is Ticking!! - 02/17/12 06:22 PM
Stanislaus County Short Sales - The Clock is Ticking!!
Back in the old time Stanislaus County Short Sale Days, way back in 2006 things were a bit different. Doing a Stanislaus County Short Sale back in those dark days could possibly leave you with a big tax bill. Back then if you did a successful short sale, which were much rarer then, the amount of forgiven debt could actually be considered "income". Huh? Really?
Let me explain. Let's say you owed $150,000 on your Stanislaus County home but it was only worth $100,000. When you sell it in a Stanislaus … (9 comments)
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No Short Sales This Valentines Day at Half Moon Bay Ca - 02/15/12 06:59 PM
No Short Sales This Valentines Day at Half Moon Bay Ca
Sometimes friends and family need to come before business. That was true on this Valentines Day. After working a bit out of the home office in the morning it was off to the coast for the day. The spot Kelly and I were heading to was Half Moon Bay. Half Moon Bay is a small town on the coast about 30 miles south of San Francisco. It's a nice place to go when you want to get near the water and relax, especially during the week.
Our first … (5 comments)
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Football is over - Now it's time for my Favorite Season - PLAY BALL! - 02/06/12 09:41 PM
Football is over - Now it's time for my Favorite Season - PLAY BALL!
Now that football season is over it's time to start looking forward to my favorite season of the year. It's almost time for the "Boys of Summer" to head out to either Arizona or Florida for Spring Training. I'm talking about BASEBALL, my favorite time of the year. In less than two weeks pitchers and catchers will be reporting to spring training. That means that before too long I will be heading out to the ball park for some fun in the sun.
This past weekend … (9 comments)
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Stanislaus County Home Sales for January 2012 - MODESTO - 02/06/12 01:42 PM
Stanislaus County Home Sales for January 2012 - MODESTO
The sales figures for Modesto California for January 2012 are in. The totals below are for single family homes sold in Modesto.
Total Sales - 171 (209 sold in January 2011)
Bank owned Sales - 64 which was 37% of all sales.
Short Sales - 47 which was 27% of all sales
Overall, distressed sales (Bank owned and short sales) made up 64% of all sales.
The lowest price home sold in Modesto during January 2012 was $35,000.
The highest price … (0 comments)
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Stanislaus County Home Sales for January 2012 -TURLOCK - - 02/03/12 04:15 PM
Stanislaus County Home Sales for January 2012 -TURLOCK -
The sales figures for Turlock California for January 2012 are in. The totals below are for single family homes sold in Turlock.
Total Sales - 47 (60 Homes sold in January 2011)
Bank owned Sales - 19 which was 40% of all sales.
Short Sales - 17 which was 36% of all sales
Overall, distressed sales (Bank owned and short sales) made up 76% of all sales.
The lowest price home sold in Turlock during January 2012 was $20,200.
The highest price … (0 comments)
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Stanislaus County Short Sales - January 2012 Sales Stats - 02/02/12 05:50 PM
Stanislaus County Short Sales - January 2012 Sales Stats
The sales numbers are in for Stanislaus County Sales for the month of January 2012. Sales of single family homes are down slightly this year and Distressed properties (Bank owned and Short Sales) are still dominating the market.
Here are the January 2011 and January 2012 Sales Stats for single family homes:
Total Sales January 2012: 414 sold * 40% (165) Bank Owned * 30% (125) Short Sales 70% of sales were distressed properties
Total Sales January 2011: 513 sold * 58% (300) Bank Owned … (3 comments)
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Jim Patton - Realtor , CDPE, SFR Stanislaus County Short Sale Specialist
Turlock,
CA
More about me…
Century 21 M&M - Central California Short Sale Specialist
Address: Turlock, Ceres, Denair, Hughson, Delhi, Modesto, Hilmar, Livingston, Salida, Merced, Atwater, Keyes, Patterson, Oakdale, Turlock, Ceres, Denair, Hughson, Delhi, Modesto, Hilmar, Livingston, Salida, Merced, Atwater, Keyes, Patterson, Oakdale
Office Phone: (209) 633-2839
Cell Phone: (209) 404-0816
Email Me
Current information on Central California Real Estate. I specialize in Short Sales in Stanislaus, Merced and San Joaquin counties.
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