adjustable loan: ActiveRain Your Counsel Was Taken: A Short Sale Case History - 08/10/07 12:40 PM
ActiveRain Your Counsel Was Taken:  A Short Sale Case History by John Occhi, Hemet REALTOR®   Mission Grove Realty  
Last month I posted a blog article seeking the advise of ActiveRain members in a situation that is becoming much to common in today's real estate market.The call came from a Pastor who had read through my blog and felt confident that if anyone could offer good solid worldly advise on a very real problem in this world, from a Christian prospective.We talked on the phone for 45 minutes.  I emailed him numerous documents to consider, including a best case scenario market analysis … (17 comments)

adjustable loan: ActiveRain – I Need Your Help. Is This a Short Sale? How Would You Counsel this Seller? - 07/28/07 08:48 AM
ActiveRain - I Need Your Help.  Is This a Short Sale?  How Would You Counsel this Seller?  by John Occhi, Hemet REALTOR®   Mission Grove Realty  
Last night I received an email (thank you ActiveRain) that I followed up with a 45 minute phone call this morning from a homeowner who knows he is on the steps of disaster as his 80/20 sub-prime adjustable loan (ARM)already reset once increasing the principal and interest from $2200 a month to over $2900 monthly payment...and is expected to reset once again in under two months.  He has a homeowner's association payment of $300 due every … (34 comments)

adjustable loan: Foreclosures May Cost U.S. Homeowners, Lenders $112.5 Billion - 06/17/07 01:41 PM
I came across this article in my email and thought it was so relevnt to wha tI have been reporting on that the only way I could do it any justice was to reprint it here: 
Foreclosures May Cost U.S. Homeowners, Lenders $112.5 BillionBy Hui-yong Yu
March 19 (Bloomberg) -- U.S. homeowners, lenders and investors may lose as much as $112.5 billion through 2014 as mortgage payments go up on adjustable-rate loans, triggering defaults and foreclosures, according to a study by mortgage-risk data provider First American CoreLogic.
An estimated $2.3 trillion of adjustable first mortgages were originated from 2004 to 2006, many of which will begin to … (0 comments)

 
John Occhi, Mobile Notary Public/Certified Loan Signing Agent (AZ Veteran Notary Services)

John Occhi

Mobile Notary Public/Certified Loan Signing Agent

Marana, AZ

More about me…

AZ Veteran Notary Services

Address: 30520 Rancho California Rd., #107, Temecula, CA, 92591

Mobile: (951) 443-6259



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