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default: A New Spin - Foreclosures are Good for the Economy? Thank You NAR - 12/11/09 12:30 PM
The National Association or REALTORS® (NAR) today published in their daily email blast, called "The Daily Real Estate News" a short article with the headline "Defaults Could End UP Being a Boon".The sources of this information comes straight from The Wall Street Journal and Mark Whitehouse on 12/10/2009 which he called, The American Dream 2: Default, Then Rent.The NAR brief rambles with a few statistics that seem to be overused these days, but concludes with an interesting quote from Christopher Thornberg of Beacon Economics which is a consulting firm that specializes in Real Estate. Mr. Thornberg says, "It's a stealth stimulus, the … (102 comments)
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default: 2010 Real Estate Projections from C.A.R & Local Expert John Occhi, REALTOR® - 10/07/09 04:32 PM
The California Association of REALTORS (C.A.R.) is holding it's annual EXPO in San Jose this year and speaking at the EXPO Luncheon this afternoon is the C.A.R. Chief Economist, Leslie Appleton-Young.Since I am not there, I am depending on industry insider, Inman News to keep me up to date. Considering the luncheon was not scheduled to end until 1:30 this afternoon and I received my email update at 1:05 p.m., I'm guessing this is pretty current news.Admittedly the C.A.R. has an agenda to turn lemons into lemonade to support its declining membership. So the projections for 2010 are of course optimistic … (4 comments)
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default: The Next Wave of Bad Loans - Option Arms - 08/30/09 04:56 PM
A friend of mine from San Diego confided in me that they are in serious trouble with their mortgage. My friend earns good money - and with his wife's income they are way above the medium level for San Diego County - which is high to start with. I'll call my friend Able - because he has always been more than able to see through different schemes and come out smelling like a rose. This time, I think he is in trouble.
Able is a 63 year old professional that refinanced his modest home for $618,000, at the peak of the … (116 comments)
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default: REO – Agent Training and Marketing – The Life Cycle of a Defaulted Loan - 09/21/08 10:14 AM
To understand what a property that is owned by the bank is really all about, you must first understand the process that the real estate has gone through to end up on the lenders balance sheet as REO – or Real Estate Owned.
You see, banks are not in the business of selling real estate – as a matter of fact they are banned by federal banking regulations from engaging in the sale of real estate – banks make loans. Active performing loans are on their balance sheet as an asset while the repossessed, or foreclosed real estate show up … (7 comments)
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default: Readers Want to Know...Cash for Keys and REO Property - 08/02/08 07:00 PM
I receive numerous emails on various topics that I have written with in the past. I try to answer as many as I can personally, but I thought if one person takes the time to write me with a question then I have other readers who have the same or similar questions. So, I decided to start a FAQ column.
From now on I'll be responding to questions via my blog - not to worry, I won't reveal any personal identifying information - I want to share with all. If you write me, I'll send you the link to my answer, and I'll be sharing … (10 comments)
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default: Foreclosures May Cost U.S. Homeowners, Lenders $112.5 Billion - 06/17/07 08:41 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)
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John Occhi, ePRO, Temecula - Murrieta CA Real Estate, 951-443-6259
Murrieta,
CA
More about me…
Exit Twin Advantage Realty
Address: 39755 Murrieta Hot Springs Rd., Suite G-110, Murrieta, CA, 92563
Cell Phone: (951) 443-6259
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