temecula valley short sale: It's NOT about The Economy, it's about YOUR ECONOMY!
- 06/28/10 01:15 PM
I have often said, “It’s not about The Economy, it’s about Your Economy.” After looking over the weekly and monthly numbers for unemployment, home sales and home values something occurred to me. If you’re out of work, behind on your mortgage, facing foreclosure or experiencing some form of a financial hardship, would it matter if the unemployment rate were 20% or 5%? I don’t think so. What you’re experiencing is what matters.
I talk with people weekly who are stressed to their limits. They can’t sleep, feel like crap, are either not eating or over-eating…this financial hardship is taking … (2 comments)
temecula valley short sale: 122 "Active" listings in French Valley, Ca and Winchester Ca...how many are Short Sales?
- 06/14/10 01:16 PM
Since I highlighted French Valley, CA and Winchester, CA yesterday, I decided to research the closed sales and "Active" listings for these two cities. Would you believe that Short Sales were the dominant category for closed sales? Of course you would. That is the trend for much of Riverside County, Ca. According to my research, there have been 47 closed sales in the past 30 days. Only 23%, or 11 properties, were represented by standard sales. REOs were one up on Standard Sales with a total of 12 closed sales, or 26% of the market. Short Sales dominated this market with … (0 comments)
temecula valley short sale: 86 Closed Short Sales (Murrieta, Ca) within the last 30 days...
- 06/12/10 08:17 AM
It's another beautiful day in Temecula, Ca. The high is supposed to be 78 degrees (http://www.weather.com/weather/today/Temecula+CA+USCA1136?lswe=temecula,%20ca&from=searchbox_localwx). What a great day to enjoy some family time at the park and top it off with some steaks on the grill! I recently posted the number of closed sales in Temecula, Ca. This made me think...what is happening in some of our neighboring cities? Today I will cover the closed sales for Murrieta, CA. I will throw out the disclaimer now, these numbers are provided by our local Multiple Listing Service (MLS), MRMLS and are deemed reliable and correct. The data I pulled represents … (2 comments)
temecula valley short sale: Loan Mods....70% & 58% re-default rates!
- 06/11/10 03:48 AM
I just finished reading a recent story by Diana Golobay titled ‘Principal Reduction More Effective Than Load Mods to Avoid Default: Deutsche' (http://www.housingwire.com/2010/06/10/principal-reduction-more-effective-than-load-mods-to-avoid-default-deutsche). The article states the success of a principal reduction loan mod has a lower default rate compared to the more commonly issued rate and term loan mod. A rate and term loan mod is where the servicer/investor either lowers the interest rate and/or extends the term of the loan. For example, if you're currently paying a mortgage with an interest rate of 7% on a 30-year fixed mortgage, the servicer/investor may offer you a new loan (usually for … (1 comments)
I have often said, “It’s not about The Economy, it’s about Your Economy.” After looking over the weekly and monthly numbers for unemployment, home sales and home values something occurred to me. If you’re out of work, behind on your mortgage, facing foreclosure or experiencing some form of a financial hardship, would it matter if the unemployment rate were 20% or 5%? I don’t think so. What you’re experiencing is what matters. 
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