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freedom foreclosure: 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)

freedom foreclosure: 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)

freedom foreclosure: 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)

freedom foreclosure: 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

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Exit Twin Advantage Realty

Address: 39755 Murrieta Hot Springs Rd., Suite G-110, Murrieta, CA, 92563

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