foreclosure: Short Sale Investors Want to Know What to Tell The Bank
- 06/17/07 11:22 AM
Short Sale Investors Want to Know What to Tell The BankBy John Occhi, Hemet - San Jacinto Valley CA REALTORHemet-San Jacinto Valley, CA Real Estate The real estate market in the Hemet San Jacinto valley should be heating up with the triple digit temperatures we are experiencing in the Hemet CA area. Unfortunately, it seems like the only segment of the Hemet CA Real Estate market that is heating up is the Short Sales, Pre-Foreclosures and REO properties. Ouch - this can't be good for the overall economy, can it? I don't think so. However, as a Real Estate investor you have the … (6 comments)
foreclosure: The NFL and Real Estate Fraud
- 06/17/07 04:02 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)
foreclosure: Foreclosure Filings are Going Through The Roof
- 06/14/07 08:16 AM
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 … (7 comments)
foreclosure: How do Short Sales Affect the Economy?
- 06/10/07 08:35 AM
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)
foreclosure: What Is A Short Sale?
- 06/10/07 07:35 AM
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)
foreclosure: Real Estate Outlook for 2007 - Part 1: A Look at the Media
- 03/04/07 03:30 AM
Real Estate Outlook for 2007 - Part 1: A Look at the Media by John Occhi, Hemet CA REALTOR® Hemet CA Real EstateI wrote an article recently about how numbers can be manipulated to serve a point or particular agenda. It was appropriately titled, "Figures Don't Lie...Liars Figure". The truth is anyone can spin anything anyway they like and sooner or later enough people will start to believe it and when enough people believe it, it must be true. Sounds like politics to me.Forget about what you heard in the ‘doom & gloom' media, 2006 was a very good year for the … (5 comments)
foreclosure: Why would a Lender Consider a "Short Sale"?
- 02/25/07 05:23 AM
Why would a Lender Consider a "Short Sale"? by John Occhi, Hemet CA REALTOR Pre-Foreclosure Real Estate, Hemet CA First, lets define what a "Short Sale" is. I suppose the definition may vary from lender to lender as well as from region of the country to region. I'm going to share what I know to be the way it is for real estate in Hemet CA. It boils down to the point that a lender does not want to take a property back, that is in default but would rather sell it for less than what is owed on it In order for … (19 comments)
foreclosure: What Should a Homeowner Do When They are Behind?
- 02/24/07 03:02 PM
What Should a Homeowner Do When They are Behind? by John Occhi, Hemet CA REALTORHemet CA Real Estate In Hemet CA there are many real estate properties on the market that have been foreclosed on by the lender and are now considered REO, or "Real Estate Owned". Unfortunately there are many more on the verge of falling into this category. So, what can be done? Today as homeowners find themselves ‘buried' in a loan that they cannot pay the best advice I have is to talk directly with the lender. Be polite, it is not their fault and as my grandmother used to … (13 comments)
foreclosure: How Foreclosure are Effecting the Market
- 02/24/07 02:11 PM
How Foreclosure are Effecting the Marketby John Occhi, Hemet REALTOR Hemet CA Real Estate I have had the blessing recently of working with a couple of buyers looking for Hemet CA Real Estate. They both have two very similar characteristics - they want a lot of house for the money and they want to make certain they are getting the absolute best deal going. As I like to say, they are both willing to kiss a lot of frogs to find their prince of a deal. In researching property for sale in Hemet CA I have noticed that there are several homes for … (2 comments)
Short Sale Investors Want to Know What to Tell The BankBy John Occhi, Hemet - San Jacinto Valley CA REALTORHemet-San Jacinto Valley, CA Real Estate
;)
;)
;)
