trustee sale: TRUSTEE'S SALE: What if the Trustor is unable to reinstate their loan?! - 07/04/08 05:19 AM
If the trustor is in default and by chance unable to reinstate their loan, a Trustee's Sale is held, and the format is similar to that of a public auction.
It is held in the county in which the property is locates;
The sale may be postponed before completion ( at the … (2 comments)
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trustee sale: NEW Trustee's Sale Investors - Formula to Guestimate the Arrears - 06/26/08 12:47 AM
The easiest way to guestimate the arrears is to calculate the monthly interest payment. Then the sum by the number of months the trustor is in arrears.
Loan Balance X Interest Rate =Yearly Payment /12 = Monthly Interes
Then figure
Monthly Interest X Months in Arrears = Amount in Arrears.
… (2 comments)
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trustee sale: Tish Tischer Blog - Trustee Auction Process -Buy For Less - Use The Insiders - Tish Tischer Blog - 06/24/08 08:08 PM
Tuesday June 24,2008 108 Degrees in the Shade! Dry Heat!
10 AM and 2PM every day in the Courtyard of 201 W. Jefferson St. - The home of our illustrious Sheriff and the Superior Court House -- 300 to 500 Properties go through the Trustee Process.
Good way to get a … (1 comments)
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trustee sale: What does a ' Short Sale ' in Real Estate mean ?? - 06/19/08 01:20 PM
There are a variety of Real Estate terms like, HUD, REO, Dual Agency, SPDS (seller disclosure), Pre-Foreclusure and countless others, .
Short Sale seems to be the phrase du jour .... And I am always asked,
What does a ' Short Sale ' in Real Estate mean ??
Simply put, … (5 comments)
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trustee sale: Are Short sales worth the wait? - 06/14/08 10:15 AM
Depends on whether you are the one that wins out!!!
Short Sales are closing!!! They have been some fabulous deals on them.
However, if you are seeking a close within 30 days, short sales may not be the best option.
Can short sales close sooner? In some instances yes, if … (0 comments)
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trustee sale: Twice today: Agents tried to discourage me from submitting offer because there are already offers on the table - 05/10/08 01:10 AM
I'm incensed!
Twice today, I was nearly rebuffed by two agents whom I called when I tried to submit my offers.
The first one was an REO. She said she already received an offer last night, and another one this morning --- as if two was enough. She tried to discourage … (13 comments)
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trustee sale: New Homebuyer FYI #3 - 05/06/08 08:10 PM
Compiled by Hassan NicholásFYI #3...random stuff to know
Real Estated Owned property or REO means the bank owns the property and is selling it. Bank must deliver the property to a new owner without past liens, either property taxes or HOA dues. Recorded liens - that's the guarantee. Liens that have not … (0 comments)
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trustee sale: Michael Jackson's Woes Continue - 02/28/08 02:43 PM
I have been reading in the news lately about Michael Jackson and the Notice of Trustee Sale that was recorded against his property. Since I'm in the business where this kind of public information is easy for me to get I decided to get a copy of the document if for … (3 comments)
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trustee sale: "Hope Now" for Pre-Foreclosure Owners and "LIFE LINE" for Everyone Else! - 02/12/08 01:53 PM
SEE http://arkansasmatters.com/content/fulltext/?cid=65579
LIFELINE for ALL Homeowners Not Just Foreclosures! Sponsored by Alphonso JacksonSecretary of Housing and Urban Development (HUD) 6 of the Primary LENDERS include:
CitigroupCountrywideBank of AmericaJPMorgan Chase Washington Mutual and Wells Fargo
More may sign up if Project Lifeline meets with success.
Treasury Secretary Henry Paulson
-------------------------------------
Ask us about Help for Any Homeowner … (0 comments)
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trustee sale: What is the difference between a Short Sale, a Foreclosure and an REO? - 01/28/08 12:35 PM
There are many confusing terms out there today regarding "distressed properties". I'd like to take a moment to layout the different terms used in Real Estate such as Short Sale, Foreclosure, REO, etc. to help you understand what you are seeing. Many Realtors use some of these terms more for marketing purposes because the general public … (1 comments)
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trustee sale: Part 2: Bruce Norris interviews chief economist Dr. Mark Dotzour of Texas A&M University - 01/21/08 12:36 PM
Bruce Norris is joined once again by Chief Economist and Director of Research for the Real Estate Center at Texas A&M University, Dr. Mark Dotzour. Bruce and Dr. Dotzour discuss commercial real estate, how commercial real estate will see similar financial problems, how the decline in the U.S. dollar makes … (0 comments)
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trustee sale: Bruce Norris interview chief economist Dr. Mark Dotzour of Texas A&M University - 01/13/08 12:24 AM
This week, Bruce Norris is joined by Chief Economist and Director of Research for the Real Estate Center at Texas A&M University, Dr. Mark Dotzour. Bruce and Dr. Dotzour discuss how global trends have affected residential real estate, how interest rates are determined, how central banks have lost some control over … (0 comments)
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trustee sale: Are You Ready to Sell Your Home? - 12/22/07 05:20 PM
Do your research, Know the facts, Be prepared and Just do it!
By now I am sure most know that almost everyone know about the number of Foreclosures in San Joaquin County ~ and that Stockton is one of the highest in the foreclosure rate in the country. Although you may not … (2 comments)
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trustee sale: Sellers: How To Survive a Short Sale or Foreclosure - 11/06/07 04:29 PM
Surviving a Short Sale or Foreclosure
So you are in a short sale and possibly facing foreclosure. Maybe you lost a job, got in an accident or maybe got in above your head. Don't worry and stress yourself out. Thousands of homeowners across the nation are facing the same situation. This … (1 comments)
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trustee sale: How to prepare for a short sale listing - 10/24/07 01:41 PM
How to prepare for a short sale listing
The first problem we face when working on a short sale, is that we are not the owner, but need to discuss matters of their loan with full authority and disclosure. This requires an authorization from your client. A typical authorization will … (5 comments)
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trustee sale: Orange County CA Real Estate - Foreclosure Activity September 2007 - 10/03/07 02:05 AM
Sept. 2007 Unusual Month or Moment of Relief from Foreclosure Turmoil
By Namneet Dhaliwal
Orange County Real Estate
October 2, 2007
It is the first time in last twelve months, that foreclosure curve for Orange County CA Real Estate had turned its direction. Although, it is premature to say if it is just an isolated … (0 comments)
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trustee sale: Trustee Sale - 09/25/07 11:45 AM
I took up on the challenge to get a listing and try to get it ratified and sold within 20 days. I was able to get an offer ratified 3 days after I got the listing. Before I got the listing the seller had an open listing with another Agent. The problem was, … (1 comments)
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trustee sale: Foreclosure "Last Minute" tips: Did you know? - 09/24/07 08:04 PM
This is about options right up to the last day/hour of a foreclosure. Up to 5 business days prior to Trustee Sale, you can reinstateyour mortgage. It is your responsibility to get in touch with the lender and make those arrangements. Get everything in writing and make sure you understand what you … (2 comments)
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trustee sale: Will they post on my door? - 09/15/07 11:47 PM
Publication Period and Trustee's Sale - information you should know and understand. During this time a notice may be posted on your door! I was asked the other day, do they post papers on my door? The answer is - YES!
A: County Records Research will prepare, record and arrange to post … (4 comments)
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trustee sale: Its a Short Sale... You have an Offer! ....Take the next steps. - 08/15/07 12:58 PM
What to do.... After you have an offer for Short Sale!
You have an offer! Now the fun really begins.
Before you read this, please make sure you check out the steps to take before the offer comes in: Its a short sale..... Take the steps! And there are several other … (4 comments)
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trustee sale: The rankings are in from the top 20 - 08/14/07 09:27 PM
Stockton, CA is the the #1 city with the highest number of foreclosures with Sacramento coming in 4th in the US!
There are alot of people in trouble and from the look of the numbers it is not getting any better.
Stockton, CA is ranked 1st and has 8,619 active foreclosures, which is … (14 comments)
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trustee sale: REOMAC and REOWORLD - Which is Better - Any Success Stories? - 08/07/07 10:20 PM
I am rapidly becoming involved in the REO business with BPOs and actual sales of REO listings. I have my first in escrow and am trying to integrate myself into the REO network. I know this is typically and 'Old Boys' network, however I am sure there is a place for … (10 comments)
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trustee sale: NAR CONVENTION IN LAS VEGAS - 07/18/07 08:52 PM
LAS VEGAS HERE WE COME!!!
Short Sales Corpis excited to announce our sponsorship of the NAR Realtors Expo in Las Vegas this November, we look forward to an exciting event and hope to see many of you. Please come visit us at booth 3947
Don't forget Short Sales Corp specializes in helping agents achieve … (0 comments)
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trustee sale: Are You Struggling to Pay Your House Payment and Wondering What to Do? - 03/29/07 02:09 AM
Arizona is a deficiency state - meaning lenders can sue you to recover any losses due to your default on your loan after they seize your home and sell it at auction. The Arizona legislature passed a law that protects you against deficiency judgment resulting from your default on your initial home purchase … (2 comments)
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