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  • Is the system clogged?  YES!
  • Other than "bad loans" --- What can we blame it on? 

Blame it on the.... Voluntary moratorium of foreclosures: While banks were taking a "time out" or "quiet time" to work on meeting the requirements of the Making Homes Affordable program and/or by state rules requiring mediation before banks could start the foreclosure process.... meanwhile back at the ranch -- more defaults,  more short sale signs were going up and eventually more foreclosures(bank owned properties/REOs) -- to add to the pile.

Using the largest of the banks that is highly involved in the Making Homes Affordable -The one that stepped up one of the first to buy into the Making Homes Affordable program-

Bank of America!  - it is estimated...

  •  That from 11,000 to 14,000 homes are being taken back by Bank of America - a MONTH!
  •  That those numbers will increase to 29,000 to 35,000 by November/December this year!
  •  Folks that's in a month's timeframe.  That is a lot of homeowners losing their homes!

So whether is it phantom inventory or just plain clogged --- somebody is going to be real busy this year... and lots of people are going to lose their homes (whether its foreclosure or Short Sales... the numbers are high).

The flood gates are going to have to open up soon - and it ain't gonna be pretty!  Blame it on the _______?

*************************************************************************

EMBARCADERO INVESTMENTS - the Real Estate Company

the Mother and Daughter Realty Team

Rosemary Brooks

(DRE # 01336351)  Realtist, CDPE, HRC, CDSP,  REO & HUD  Certified 

 D'Adrea Davie

(DRE# 01510971) Realtist, CDPE, HRC, CDSP, REO & HUD Certified

We have joined forces with other real estate professionals to help get the word out to homeowners - on how to exercise their options. 

Ofc: 866-543-0461  Msg: 209-910-3706   Fax: 209-762-6971 

 

EMAIL:     motheranddaughterrealtyteam@gmail.com /REO Website:  www.centralvalleyreos.com

WEBSITES:   www.motheranddaughterrealtyteam.net & www.shortsales-HAFA.co

Do you need a Central Valley Short Sale Specialist?  If you have any questions or would like to discuss any real estate related issue please contact the Mother and Daughter Realty Team at (209) 910-3706 or complete our Contact Form.

Rosemary Brooks & daughter, D'Adrea Davie - The Mother and Daughter Realty Team specializes San Joaquin Central Valley, Stockton real estate, Homes for Sale, Housing: Stockton short sales, Lathrop short sales, Tracy short sales, Manteca short sales, Lodi short sales, Mountain House short sales, Salida short sales, Ripon short sales and Modesto short sales.

 ATTENTION CENTRAL VALLEY HOMEOWNERS: 

We can help you with a Short Sale if you are in a situation of 

*Pre-Foreclosure   *Hardship    *Job Lost   *Reduced Income   *Divorce   *Upside down on Equity   *Can't afford Mortgage   *Unexpected Medical Expenses    * Can't Refinance  * Failed/Denied HAMP Loan Modification * Other

Some of the BENEFITS OF A SHORT SALE

*Avoid Foreclosure   *Reduced damage to your credit   *Free of financial burdens   * Relief of the stress   * Possible incentive from HAFA (Home Affordable Foreclosure Alternative)

 

ASK me about - WACHOVIA FASTTRACK SHORT SALES 

It is an EASY, NO Stress & FAST way to get an APPROVED - Short Sale

 

      WE SELL REOs & HUD HOMES

Homeownership matters... What is the Five Point Plan?

 

 

WHAT IS A REALTIST?  

  • A REALTIST is dedicated to bringing together the nation's African American professionals in the real estate industry to promote the meaningful exchange of ideas about our business and how to best serve our clientele
  • A REALTIST is dedicated to enhance the economic improvement of its fellow members and the minority communities we serve.
  • A REALTIST believes in "Democracy in Housing" - the principle that all citizens have the right to equal housing opportunities, regardless of race, creed, or color.
  • A REALTIST believes in preserving the rights of all Americans to homeownership and is dedicated to serve the unserved and underserved by developing creative and effective methods of doing so.
  • A REALTIST is dedicated to deal fairly and justly with all matters of their profession.

Central Valley Realtist Association(CVRA) / NAREB / CAREB

www.centralvalleyrealtist.com / www.nareb.com / www.CAREB.org

Serving the Central Valley, Stanislaus & Bay Area

 

                     

Disclaimer: The information provided above or on our websites or other social medias should not be constituted as legal advice. The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified Real Estate Professional, attorney, and tax expert.

 Federal Government Disclaimer (MARS) 

(1.) You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.  

(2.) Rosemary Brooks & D'Adrea Davie of Embarcadero Investments are not associated with the government, and our service is not approved by the government or your lender; and

(3.) Even if you accept this offer and use our service, your lender may not agree to change your loan.

 

 
This post has been included in California Real Estate News San Joaquin County, CA Real Estate News
Post is included in group: California Loan Modifications, Short Sales, & REOs
Post is included in group: California Short Sales, REO's, and Foreclosures
Post is included in group: Everything California
Post is included in group: Sharing Information of Short Sales
Post is included in group: "Whacked"!!!

1 Comments on Phantom Inventory or a clogged system or both?

MAR
29
2010

Rosemary-

I heard that Bank of America is doing 30,000 shortsales a month!

7:00am • #1

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Rosemary Brooks-The Mother & Daughter Realty Team

Stockton, CA

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EMBARCADERO Investments - 866-543-0461

Address: 6777 Embarcadero Drive , Ste. 1, Stockton, CA, 95219

Office Phone: (888) 543-0461

Cell Phone: (866) 543-0461

Email Me

EMBARCADERO INVESTMENTS - the Mother and Daughter Realty Team. A Realtist. We take the extra steps to ensure our clients receive the utmost care! Call 866-543-0461 ~~~~~~~~~~~~~~~~~
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DISCLAIMER: I must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to my blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are mine.


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