ARCHIVED BLOG POSTS
2010
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Prices Remain Flat as the number of sales Decline while some Homebuyers move to the sidelines Fewer homes on the market and a lack of motivation among homebuyers to act on favorable prices and interest rates following the expiration of federal tax incentives caused sales of existing single-famil...
10/29/2010
Here's a quick update on the Government's HAMP program. It has had some success but not nearly as much that was hoped before the program began. Most times, after trying for a loan modification and failing, a homeowner typically turns to short sale to try and avoid foreclosure. Here's the artic...
10/28/2010
As blogged about before, it's looking like this foreclosure moratorium is not a big of deal as the media hyped it up to be. B of A is moving along and it sounds like they are getting close to starting back up in California soon: Bank of America this week announced it reviewed its process for res...
10/25/2010
Here's two important things to be aware of when doing a short sale once SB 931 goes into effect next year. Information provided by Hanson Law Firm. The California Legislature recently passed Senate Bill 931, which added Section 580(e) to theCalifornia Code of Civil Procedure effective January 1...
10/20/2010
Doug Reynolds, a Sacramento Realtor, provides an analysis of the local market statistics for September. This month focusing on new legislation that has been passed, SB 931. The new law has a huge benefit for short sellers. And also discussing the recent Foreclosure Moratoriums. More information ...
10/19/2010
There's a lot of disinformation floating around in the media about the current Foreclosure Moratorium situation. Here's some accurate bullet points to give an over view of the situation. It truly is not as crazy and out of control as most media outlets are reporting. California to join multista...
10/18/2010
Median sales price sees slight dip, sales volume remains flat September showed little signs of movement, keeping the Sacramento housing market relatively flat with sales volume decreasing 4.2% from 1,496 units to 1,433 units. Making up these sales were 547 REOs (38.2%), 362 short sales (25.3%...
10/15/2010
Here's a follow up article from a previous post. The article is from the sacramento bee. NACA, the organization hosting the loan modification event says they 30% of the thousands and thousands of homeowners that attended, receive a loan mod. That's all good but my concern is "Are they going to...
10/14/2010
Fannie Mae and the U.S. Army recently announced new initiatives to help service members who are struggling with their mortgage payments avoid foreclosure. The effort includes a mortgage payment forbearance of up to six months where the death or injury of a service member on active duty causes a h...
10/13/2010
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Doug Reynolds
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