loss mitigation: 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 … (7 comments)
loss mitigation: Short Sales: A Revised Strategy: Commission - 11/25/07 09:58 PM
The big drawback to working short sales is that the agents typically receive a reduced commission, from the loss mitigation department, for more work than what is normally required.So, how do we stop the banks from fighting us for what is rightfully ours? How do we give in to something that one … (46 comments)
loss mitigation: Short Sales: A Revised Strategy: List Price - 11/25/07 09:20 PM
The one constant in working short sales is that they change on a regular basis. The lenders and their loss mitigation departments are changing their rules as we go on and the sellers are becoming more aware. Most importantly, the buyers and their agents are also changing with the times which … (20 comments)
loss mitigation: 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)
loss mitigation: When Does a REALTOR® NOT Sell A HOME? - 07/28/07 12:09 AM
When Does a REALTOR® NOT Sell A HOME? by John Occhi, Hemet CA REALTOR® Mission Grove Realty As a REALTOR® working the Hemet San Jacinto market I find many homeowners are upside down in their homes, finding themselves in preforeclosure. Many feel as if they have to sell their home because … (1 comments)
loss mitigation: 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 … (26 comments)
loss mitigation: 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 … (2 comments)
loss mitigation: 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)
loss mitigation: 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)
loss mitigation: 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)
loss mitigation: 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 … (8 comments)
loss mitigation: 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 … (0 comments)
loss mitigation: 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 … (3 comments)
loss mitigation: 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 … (16 comments)
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John Occhi, ePRO, Hemet-San Jacinto CA Real Estate, 951-443-6259
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