Short Sales 101: What’s All the Buzz About?

Written by on March 12, 2009 · 1 Comment

So you’re seeing the words “SHORT SALE” splashed all over real estate signs across town, on the news and in the headlines. Short sales are everywhere, but exactly WHAT ARE THEY and WHO BENEFITS from them? Let’s take a quick, painless, non-confusing look. You’ll be clued-in in no time, and if you have any questions, more » Read more »

Top 5 Benefits of Buying a Bank-Owned Home

Written by on March 5, 2009 · 1 Comment

1. More home for your buck. How? By taking advantage of potentially lower interest rates and dramatically lower prices, two ways in which banks entice buyers to take a losing asset of their hands—fast! Bank-owned (REOs) and foreclosed upon properties average discounts between 20% and 25% off their overall retail value. Buying the property “as more » Read more »

Obama’s Homeowner Affordability and Stability Plan: Who Is Eligible?

Written by on February 28, 2009 · 1 Comment

Here’s what you need to know about President Barack Obama’s new Homeowner Affordability and Stability Plan (HASP) to help stabilize the housing market and help millions of struggling borrowers keep their homes. What is it? Who is eligible? How will it directly impact you and your family? The first portion of HASP, the Homeowner Affordability more » Read more »

This Week’s Top Properties: 3 Great Value Southern California Foreclosures

Written by on February 24, 2009 · Leave a Comment

44 Tavella Place, Foothill Ranch, Calif. 92610 VIP SPECIAL, CALL FOR PRICING INFO CLICK HERE FOR MORE PHOTOS Square Feet: 2,115 Lot Size: 3,794 sq. ft. Rooms: 4 bedrooms, 2.5 baths Here’s your chance to buy a spectacular Orange County two-story home with all the trimmings. Nestled in a private neighborhood, this completely refurbished four-bedroom, more » Read more »

Troubled Asset Relief Program: Will It Help Homeowners At Risk of Foreclosure?

Written by on January 30, 2009 · Leave a Comment

Why is TARP in the news? Because President Obama is considering spending up to $100 billion in financial rescue funds from the Treasury Department’s $700 billion Troubled Asset Relief Program. Why? To put the brakes on the subprime mortgage crisis. Bank regulators and Congressional leaders, are pressuring the Obama administration to use the funds to more » Read more »

Countrywide Short Sales

Written by on July 17, 2008 · 1 Comment

I learned an interesting fact the other day from a Countywide Loss Mitigation Negotiator.  These are the people that we work with when we are negotiating a short sale. This individual said that Countrywide has over 28,000 short sales in process, but only closes about 7% of these.  Wow!!  You know what that means?  Only more » Read more »

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