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ffps: Why Do I work the PreForeclosure Market and Want to Help? - 07/15/07 03:04 AM
Why Do I work the PreForeclosure Market and Want to Help? by John Occhi, Hemet CA REALTOR Mission Grove Realty As a REALTOR® that specializes in the Hemet - San Jacinto Valley real estate market, I know for a fact that there are many homeowners who have fallen behind in their mortgage and today many are in preforeclosure. Many can save their home from foreclosure if they only know where to turn and who to trust.
Pre-foreclosure is a problem that is very near and dear to my heart - as my wife, Sherri, and I have been dangerously close to losing … (26 comments)
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ffps: 9.1 California Families out of 1,000 Have Lost Their Home to Foreclosure - 07/11/07 02:05 PM
9.1 California Families out of 1,000 Have Lost Their Home to Foreclosure by John Occhi, Hemet CA REALTOR Hemet CA Real Estate Anyone who has been keeping up with my blog and my local real estate activities in Hemet, CA know that I have been very much involved in the pre-foreclosure market.I have aligned myself with Freedom Foreclosure Prevention Service as a resource to help homeowners work through their financial hardships and, if at all possible, to save their home from foreclosure. This process, in the industry is known as "Loss Mitigation".
Unfortunately, for most homeowners, the process is expensive - … (2 comments)
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ffps: Loss Mitigation and the Service Provider - 06/24/07 01:04 PM
The times are definitely changing for mortgage lenders and investors as they realize that they have a very real potential for a flood of REO properties to deal with in Hemet CA and eslewhere. In order to prevent the foreclosure and pending inventory of REO properties, the industry is starting to grasp and focus more on loss mitigation techniques to creatively avoid the whole foreclosure mess.
The Center for Responsible Lending recently released a study predicting that 2.2 million American households are going to lose their homes. This study predicts that over 20% of all subprime loans originated in the 2006-2006 period … (4 comments)
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ffps: So You Have a Short Sale Lined Up - Who Are You? Step #2 - 06/18/07 09:13 PM
So You Have a Short Sale Lined Up - Who Are You? Step #2 by John Occhi, Hemet - San Jacinto Valley REALTORHemet - San Jacinto CA Real Estate
As an investor, you have found the perfect short sale property in the Hemet - San Jacinto valley. You have everything ready to move forward.You are ready to contact the loss mitigation department of the mortgage bank that holds the note that is in the process of foreclosure. The homeowner is expecting you to stop the foreclosure and prevent the big ugly mark on their credit.
You now know form reading the first article … (3 comments)
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ffps: HUD & Loss Mitigation: The Carrot and the Stick - 06/18/07 02:11 PM
HUD & Loss Mitigation: The Carrot and the Stick by John Occhi, Hemet - San Jacinto Valley REALTOR Hemet - San Jacinto CA Real Estate
In April of this year, the United State Department of Housing and Urban Development (HUD) released new guidelines to mortgage banks in an effort to reduce the reduction of FHA loans going bad. One might consider their approach similar to a carrot and the stick.
The HUD guidelines will be punitive to those mortgage lenders who fail to offer loss mitigation services to distressed homeowners as well as incentives to those mortgage banks who do offer their … (8 comments)
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ffps: So You Have a Short Sale Lined Up - Now What? Step #1 - 06/18/07 01:06 PM
So You Have a Short Sale Lined Up - Now What? Step #1by John Occhi, Hemet - San Jacinto Valley REALTORHemet - San Jacinto CA Real Estate
Ok, so you are new to investing in Short Sales. You have heard the hype for the last 6 months or so and you are ready to get in and get going. Let's say you have found the perfect investment property in the Hemet - San Jacinto Valley, CA. You recognize the area as one of the hottest investment opportunities in all of Southern California as the medium price for a single family home is … (0 comments)
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ffps: The NFL and Real Estate Fraud - 06/17/07 11:02 AM
The NFL and Real Estate Fraudby John Occhi, Hemet, CA REALTORHemet-San Jacinto Valley Real EstateReal Estate fraud is an epidemic in this country. After all, why use a gun to rob a bank and risk getting caught and/or possibly hurt when you can do it with a computer and pen. Today bank robbers don't need to worry about high speed get-a-ways and shoot outs with the law - heck apparently they are so bold they don't worry about very much.
Five people were indicted in Texas for their alleged (I love the use of this term) roles in a mortgage fraud scheme … (7 comments)
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ffps: Foreclosure Filings are Going Through The Roof - 06/14/07 03:16 PM
Foreclosure Filings are Going Through The Roofby John Occhi, Hemet-San Jacinto CA REALTORHemet - San Jacinto Real Estate
It is no secret that the local real estate market in the Hemet - San Jacinto Valley is starting to be dominated by the bank foreclosure market. It seems everywhere you turn, you see foreclosure home after foreclosure home where the landscaping has died off and become a weed field.
Unfortunately these foreclosure properties are not just being found in Hemet CA. No, every where I drive in South West Riverside County shows the same signs of bank foreclosure properties everywhere. The Temecula - Murrieta … (8 comments)
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ffps: Facing Foreclosure? Consider a REALTOR - 06/13/07 10:24 AM
Facing Foreclosure? Consider a REALTOR by John Occhi, Hemet CA REALTOR Hemet CA Real Estate
In the new economy of 2007, in Hemet CA, more and more Hemet homeowners are facing foreclosure and want to be able to stop foreclosure before it has a huge negative impact on their credit score.
Many more have not yet missed a monthly mortgage, on their Hemet homes, but they know that their loans are going to change and the monthly mortgage payment will go up which will potentially force them to deal with a delinquent mortgage. These homeowners are known in the industry as … (0 comments)
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ffps: How do Short Sales Affect the Economy? - 06/10/07 03:35 PM
How do Short Sales Affect the Economy?By John Occhi, Hemet CA REALTORHemet CA Real Estate
Does anyone really know what the future holds as far as real estate values - in Hemet or any other market in Riverside County or the rest of the Inland Empire? I think not!Yes, there are many wise men and women who study all of the different economic and social factors and come up with their opinions. Recently, the National Association of Realtors reported that we may have seen the worse of the downturn and others, like the Federal Reserve are predicting even deeper cuts.Interest Rates have … (3 comments)
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ffps: What Is A Short Sale? - 06/10/07 02:35 PM
What Is A Short Sale?By John Occhi, Hemet CA REALTORHemet CA Real Estate
A Short sale is simply a program that lenders have in place to satisfy their need to liquidate properties, without undertaking the expensive and time consuming foreclosure process. It is their way of cutting their losses. They do this by accepting less than the amount owed on mortgages that meet their criteria and have fallen into default.
In Hemet CA, real estate market has taken a turn, as it has throughout all of Riverside County and the Inland Empire region of Southern California. Today many homeowners cannot afford the mortgages … (16 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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