homeowner: REO – Agent Training and Marketing –What’s the Difference? - 09/21/08 02:05 PM
There is of course a huge difference between the traditional sale of a home compared to the sale of a home that has gone through the foreclosure process and is now owned by a bank / investor.
EMOTION To sum it up in one word it would have to be … (6 comments)
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homeowner: Questions Regarding “Rent to Own” - 01/19/08 09:25 AM
Right out the gate I will say that I have zero experience in the rent to own market and do not have any first hand experience to draw from, for this article. However, I have recently been asked several times about a “rent to own” situation, which has required me to … (11 comments)
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homeowner: Why Would a Hemet Homeowner Want to Do a Short Sale in 2008? - 01/10/08 05:57 AM
There is still much confusion in the market about Short Sales and the recent bill, H.R. 3648 the President signed into law, The Mortgage Forgiveness Debt Relief Act of 2007 on December 20, 2007.
This is the law that retroactivleyl back to January 1, 2007 eliminates an IRS tax liability for forgiven debt … (2 comments)
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homeowner: Buying New Construction in Hemet, CA: Tip #7 - Truth in Advertising - 12/24/07 12:43 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction. Make sure you weigh all of your options. In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as … (1 comments)
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homeowner: Buying New Construction in Hemet, CA: Tip #6 - CAUTION: Builders Financing - 12/24/07 12:35 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction. Make sure you weigh all of your options. In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as … (2 comments)
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homeowner: Buying New Construction in Hemet, CA: Tip #5 - Why You Should Use a Buyer's Agent - 12/24/07 12:19 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction. Make sure you weigh all of your options. In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as … (1 comments)
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homeowner: Buying New Construction in Hemet, CA: Tip #4 - Read The Contract! - 12/24/07 12:14 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction. Make sure you weigh all of your options. In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as … (1 comments)
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homeowner: Buying New Construction in Hemet, CA: Tip #3 - Community Before House - 12/23/07 01:04 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction. Make sure you weigh all of your options. In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as … (2 comments)
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homeowner: Buying New Construction in Hemet, CA: Tip #2 - Lot Size & Location - 12/23/07 01:00 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction. Make sure you weigh all of your options. In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as … (2 comments)
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homeowner: Buying New Construction in Hemet, CA: Tip #1 - Consider Your Upgrades - 12/23/07 12:51 PM
In today's "Buyers Market" there are many great bargains available in both the resale market as well as the new construction. Make sure you weigh all of your options. In Hemet, CA we do have many great opportunities to buy a home for sale either from the builder, the bank (as … (2 comments)
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homeowner: Now, Who is Helping Who? ... and a Few more Questions that need Answering... - 12/06/07 09:05 AM
We knew there would eventually be some sort of government intervention into the current housing situation in this country. Just this week the Treasury Secretary, Harry Paulson, proposed a plan that would either freeze or fix the rates on adjustable rate mortgages (ARM).On the surface, this appears to be good for … (6 comments)
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homeowner: Would You Believe Me If I Told You the IRS Wants to Help You? - 09/24/07 08:46 PM
The IRS addresses common Questions and Answers about the foreclosure situation and talks about Debt Cancellation that is very relevant to the Hemet homeowner who may have a house for sale. There are some very specific questions that receive some very clear answers straight from the IRS.
I thought I had … (18 comments)
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homeowner: Can A Hemet Realtor Help a Hemet Homeowner in Foreclosure? - 09/24/07 12:53 PM
Many times I hear Hemet homeowners ask if I can "Help save my home from foreclosure?" or as a Hemet REALTOR® can I "Stop the foreclosure?"I wish I could just answer "Yes" to every one of the times I am asked...but there are limitations and never any guarantees. There is only … (5 comments)
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homeowner: Help Save My Hemet Home From Foreclosure! - 08/18/07 06:16 PM
Help Save My Hemet Home From Foreclosure! by John Occhi, Hemet CA REALTOR® Hemet CA Real EstateI received a call last week from a sobbing Hemet homeowner, who asked, "Can you help me save my home from foreclosure?"I asked a few qualifying question and what concerned m the most is … (8 comments)
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homeowner: Is your State a Judicial or Non-Judicial Foreclosure State? - 08/11/07 12:53 PM
Is your State a Judicial or Non-Judicial Foreclosure State?by John Occhi, Hemet CA REALTOR® Mission Grove Realty
The foreclosure process is different in every state; however most states can be classified as either "Judicial" or a "Non-Judicial" state.
The process is as different as night and day. A Judicial Foreclosure is … (10 comments)
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homeowner: MORTGAGE INDUSTRY RECEIVES YET ANOTHER BLOW TODAY - 08/10/07 01:10 PM
MORTGAGE INDUSTRY RECEIVES YET ANOTHER BLOW TODAYby John Occhi, Hemet CA REALTOR®Mission Grove Realty
After discussing a loan referral to my friend and colleague Joey Aszterbaum with Patrion Mortgage, he informed me once again of yet another dramatic shakeup in the mortgage industry.
Perhaps these latest guidelines will have more of a … (20 comments)
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homeowner: Stop Your Foreclosure: Break Through Loan - 07/28/07 02:08 AM
Stop Your Foreclosure: Break Through Loan by John Occhi, Hemet CA REALTOR® Mission Grove Realty
When a Hemet homeowner recently asked me about helping stop his foreclosure, he asked me what a "Break Through Loan" was and if it would be appropriate for him in his situation.
I was not at first … (2 comments)
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homeowner: California Foreclosures and Deficiencies Balances - 07/21/07 06:15 PM
California Foreclosures and Deficiencies Balances by John Occhi, Hemet CA REALTOR Mission Grove REALTYI just received an email from a member of the public, Reid Pi*zz* who found Brad Andersohn's post The California Foreclosure Process & Timeline.
Reid is in a jam and on top of that his wife … (10 comments)
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homeowner: So You Have a Short Sale Lined Up - When is Enough Too Much? - Step #7 - 07/01/07 10:49 PM
So You Have a Short Sale Lined Up - When is Enough Too Much? - Step #7by John Occhi, Hemet - San Jacinto Valley REALTORHemet - San Jacinto CA Real Estate
When you are investing in short sale real estate you have to determine where the line is at just how much … (4 comments)
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homeowner: So You Have a Short Sale Lined Up - The Loss Mitigation Specialist is Your Friend - Step #6 - 06/27/07 10:14 AM
So You Have a Short Sale Lined Up - The Loss Mitigation Specialist is Your Friend - Step #6 by John Occhi, Hemet - San Jacinto Valley REALTOR Hemet - San Jacinto CA Real Estate
Stress can be a funny thing. It's not just sitting up waiting for your teenage … (2 comments)
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homeowner: So You Have a Short Sale Lined Up - Seller Issues - Step #5 - 06/26/07 08:29 PM
So You Have a Short Sale Lined Up - Seller Issues - Step #5 by John Occhi, Hemet - San Jacinto Valley REALTOR Hemet - San Jacinto CA Real Estate
By now you should knot that getting involved in buying and investing in short sale properties can be very rewarding financially. … (2 comments)
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homeowner: 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 … (4 comments)
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homeowner: Short Sale and Information Overload - 06/23/07 11:35 PM
Short Sale and Information Overload by John Occhi, Hemet - San Jacinto Valley REALTOR Hemet - San Jacinto CA Real Estate
Once you receive the "Short Sale Package" from the bank, you will know specifically what they are looking for. You need to gather these documents and put them in the specified … (7 comments)
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homeowner: So You Have a Short Sale Lined Up - Find the Buyer - Step #4 - 06/23/07 11:00 PM
So You Have a Short Sale Lined Up - Find the Buyer - Step #4by John Occhi, Hemet - San Jacinto Valley REALTORHemet - San Jacinto CA Real Estate
We have done our diligence and now know what we need to about the market and what it is we should be telling … (0 comments)
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homeowner: So You Have a Short Sale Lined Up - What Will You Do Once it is Approved? Step #3 - 06/23/07 07:04 PM
So You Have a Short Sale Lined Up - What Will You Do Once it is Approved? Step #3by John Occhi, Hemet - San Jacinto Valley REALTORHemet - San Jacinto CA Real Estate
As an investor you always have to have an exit strategy with any property you acquire, in Hemet CA … (0 comments)
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homeowner: 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 … (3 comments)
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homeowner: Why would a Lender Consider a "Short Sale"? - 02/25/07 01:23 PM
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 … (18 comments)
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