short sales: But my cousin's next door neighbor's sister said... - 05/29/12 01:23 PM
But my cousin's next door neighbor's sister said...
I am sure most every Realtor has heard a variation of this. As a Stanislaus County Short Sale agent I have heard it many times. I have heard it from both buyers and sellers. When it comes time to buy or sell your home suddenly you will hear from many "experts" on the subject.
I know all these people mean well. They want to make sure you have a smooth real estate transaction. They also want to relate their buying or selling experience with yours.
I recently had the … (9 comments)
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short sales: 6 Commandments to making an offer on my Stanislaus County Short Sale Listing - 05/22/12 02:48 PM
6 Commandments to making an offer on my Stanislaus County Short Sale Listing
If you want to make an offer on one of my Stanislaus County Short Sales there are a few things you should know. It's really pretty easy to make on offer on one of my Stanislaus County Short Sales. All it takes is a little common sense and the ability to follow directions. On all of my listings your agent will find a document with a few helpful hints for submitting your offer. If you want to make an offer remember:
Please do not ask … (7 comments)
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short sales: Stanislaus County Home Sales for April 2012 -CERES Ca - - 05/15/12 02:02 PM
Stanislaus County Home Sales for April 2012 -CERES Ca -
The sales figures for Ceres Ca for April 2012 are in. The totals below are for single family homes sold in Ceres.
Total Sales - 45 (56 Homes sold in April 2011)
Bank owned Sales - 18 which was 40% of all sales.
Short Sales - 42 which was 31% of all sales
Overall, distressed sales (Bank owned and short sales) made up 71% of all sales.
The lowest price home sold in Ceres during April 2012 was $42,000.
The highest price home sold in … (1 comments)
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short sales: Stanislaus County Home Sales for April 2012 - MODESTO - 05/14/12 03:00 PM
Stanislaus County Home Sales for April 2012 - MODESTO
The sales figures for Modesto California for April 2012 are in. The totals below are for single family homes sold in Modesto.
Total Sales - 261 (231 sold in April 2011)
Bank owned Sales - 96 which was 37% of all sales.
Short Sales - 61 which was 23% of all sales
Overall, distressed sales (Bank owned and short sales) made up 60% of all sales.
The lowest price home sold in Modesto during April 2012 was $22,500.
The highest price home … (1 comments)
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short sales: March 2012 Stanislaus County Home Sales Stats - 05/11/12 02:52 PM
March 2012 Stanislaus County Home Sales Stats
The sales numbers are in for Stanislaus County Home Sales for the month of March 2012. Sales of single family homes are down slightly this year and Distressed properties (Bank owned and Short Sales) are still dominating the market. The amount of homes for sale has also gone done.
Here are the April 2011 and March 2012 Sales Stats for single family homes:
Total Sales April 2012: 583 sold * 35% (206) Bank Owned * 25% (150) Short Sales 60% of sales were distressed properties
Total Sales April 2011: 602 sold … (5 comments)
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short sales: Not everything is Short Sales - HAPPY FIRST BIRTHDAY MAXINE!! - 04/23/12 04:23 PM
Not everything is Short Sales - HAPPY FIRST BIRTHDAY MAXINE!!
Not every day and every post here is about Real Estate and Stanislaus County Short Sales. This past Sunday was a special day as it was my granddaughters first birthday. It seems like just yesterday it was my daughter Sarah's first birthday. Well now it was time for Sarah and her Husband Aaron to celebrate a first birthday party.
Maxine seemed to be enjoying all the attention that she was getting and I know that she liked the carrot cake that Grandpa (yes I admit it) was … (2 comments)
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short sales: Have you heard about the shadow inventory of .... Short Sales!! PART 2 - 04/20/12 04:14 PM
Have you heard about the shadow inventory of .... Short Sales!! PART 2
In yesterdays post I talked about where short sales have been and where they are now. I wrote about how we have been hearing about the SHADOW INVENTORY of bank owned homes now for a few years. It's my opinion that we have a SHADOW INVENTORY of potential short sales.
Based on the number of short sales completed in January 2012 it looks like we are going to start to see a lot more short sales this year. Another trend we are seeing is the number … (3 comments)
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short sales: Have you heard about the shadow inventory of .... SHORT SALES!! PART 1 - 04/19/12 03:50 PM
Have you heard about the shadow inventory of .... SHORT SALES!! PART 1
For probably 3 years now I have been hearing about the "shadow inventory" of bank owned homes. According to this theory big banks were holding on to foreclosed homes and not listing them for sale. This has always not made much sense to me. Why would the banks do that? Aren't they in business to make money? How does a bank make money by holding onto foreclosed properties? And basic supply and demand theories would tell you that if the banks were to put all this "shadow inventory" … (1 comments)
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short sales: You Got it - We Want It. Your Stanislaus County Home ! - 04/12/12 07:52 PM
You Got it - We Want It. Your Stanislaus County Home !
If you have been thinking about selling your Stanislaus County Home now might be the time! The current inventory of available homes is lower than it has been in quite some time. Multiple offers on homes are now the norm. Homes selling for more than asking price is not unusual.
This is happening at pretty much all levels of the Stanislaus County market. It doesn't matter if the home is a traditional sale, Stanislaus County Short Sale, or bank owned home. If your home is … (8 comments)
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short sales: Bank of America Mortgage to Lease Program -Will it work for you? - 04/10/12 04:36 PM
Bank of America Mortgage to Lease Program -Will it work for you?
You may have heard about a new program from Bank of America which allows you to lease back your home instead of having BofA foreclose. Maybe you thought that my might want to apply for this program. Well here's the problem with that - YOU CAN'T.
First off this test program is only in 3 states, New York, Arizona and Nevada. Secondly Bank of America is going to select only 1000 home owners for this program. There is no way that you can apply for this … (2 comments)
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short sales: Stanislaus County Home Owners - Best time to sell in years! - 03/27/12 03:41 PM
Stanislaus County Home Owners - Best time to sell in years!
If you are thinking about selling your Stanislaus County home, either as a short sale or traditional sale, now may be the best time in years to do so. The Stanislaus County Real Estate market is making a big shift. In most parts of the county and elsewhere we are experiencing a Sellers Market.
What is a Sellers Market? My definition of a Sellers Market is one in which the seller has the advantage. There are more buyers looking than there are available homes. Many homes are … (0 comments)
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short sales: Stanislaus County Short Sales - Is it a BUYERS Market? Probably NOT!! - 03/20/12 04:31 PM
Stanislaus County Short Sales - Is it a BUYERS Market? Probably NOT!!
I think there are a lot of people that get their real estate news from the national nightly news programs. If you are to believe what you hear there you would think that every real estate market in the country is terrible. You would think that as a buyer you could pretty much offer what ever you want and walk away with a steal. I don't think that is the reality, especially here in Stanislaus County and Merced County.
As I have written before, all real estate is local. … (0 comments)
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short sales: Turlock Ca Short Sale - On Market 48 Hours - 10 OFFERS!! - 03/12/12 05:22 PM
Turlock Ca Short Sale - On Market 48 Hours - 10 OFFERS!!
I'm sure a lot of people believe that the current real estate market is terrible. If you watch the nightly news, listen to the radio or read the newspaper most of the time you are being told how terrible the market is. Of course the saying is that bad news sells. The problem with these news reports is that they all try to paint all markets with the same brush.
There is another saying and that is that "All Real Estate Is Local." What I mean … (0 comments)
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short sales: Stanislaus County Short Sales - February 2012 Stanislaus County Sales Stats - 03/08/12 06:25 PM
Stanislaus County Short Sales - February 2012 Stanislaus County Sales Stats
The sales numbers are in for Stanislaus County Sales for the month of February 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 February 2011 and February 2012 Sales Stats for single family homes:
Total Sales February 2012: 491 sold * 41% (200) Bank Owned * 30% (148) Short Sales 71% of sales were distressed properties
Total Sales February 2011: 530 sold * 53% (281) … (1 comments)
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short sales: 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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short sales: 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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short sales: 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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short sales: 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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short sales: Glad this is not my typical Stanislaus County Short Sale!!! - 01/20/12 08:56 PM
Glad this is not my typical Stanislaus County Short Sale!!!
Either one of two things is going to happen before I get this short sale closed. Either all my hair will turn gray or I will pull it all out. Usually my Stanislaus County Short Sales go pretty smoothly. Of course it's not unusuall for a little hiccup now and then. But this one is driving me crazy. This one has a first and a second mortgage. That automatically makes things a little more difficult, far from impossible though. .
This is a great property, the buyers love … (1 comments)
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short sales: Stanislaus County Short Sales - Do You Qualify For a Short Sale? - 01/18/12 07:53 PM
Stanislaus County Short Sales - Do You Qualify For a Short Sale?
If you are falling behind in your mortgage payments and you owe more than your home is worth you might be thinking about a Stanislaus County short sale. Almost everyone by now has heard of a short sale. That's when you sell your home for less than what you owe on it and your mortgage company accepts the amount you sell it for.
But your mortgage company will not agree to a short sale just because you are upside down in your mortgage. You must have a verifiable … (4 comments)
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