Featured Properties
584 Omaha Ave, 93619
Here’s your chance to buy a great property at foreclosure prices. Beautiful Leo Wilson home in the fabulous Wawona Ranch just east of Buchanan Educational Complex in the Clovis Unified School Dist. … [View Property]
4450 W Artemisa Dr, 93722
Here’s your chance to buy a great property at foreclosure prices. Great 2-story home built by D.R. Horton, Americas Builder. Home is in the Arboleda Sub Division. Gated Community; includes community … [View Property]
1774 N Merlan Lane, 93619
Here’s your chance to buy a great property at foreclosure prices. Gorgeous two story home at Capri Court at Harlan Ranch! Get Fresno's premier location at a very affordable price. Outstanding … [View Property]
678 W San Madele Ave, 93704
Exceptional Fig Garden home, located near The Fig Garden Village shopping center, and Gibson Elementary School! Your family will love this quiet neighborhood with spacious lots for privacy and … [View Property]
Short Sales 101
The short sale process from A to Z
The short sale process from A to Z - Short selling your Fresno home, step by step. By: Jeremy Smiley, Realtor, Short Sale Specialist, London Properties Step one: Do your due diligence. Search the web and find out as much as you can on the process. There are a lot of misconceptions about short sales. Be sure a short sale is the right thing for you and your family. Step two: Hire an agent. I … [Read More...]
Short Sale? What To Expect When You Get An Offer – Fresno, CA
Once your home is listed on the MLS as a Short Sale, you have agreed to let the bank/your lender decide the ultimate “Terms” on which the home will be sold. A Short Sale is unique. Although you are the homeowner according to the note & or deed recorded when you purchased your home…because the home is selling for “Less” than that original note, the lender/bank now has to approve … [Read More...]
Top 10 Fresno Seller Short Sale Questions, Answered.
Top 10 Fresno Seller Short Sale Questions, Answered. Number 10 Q. I can’t make my house payments but I do have an ability to pay back all or part of the negative equity. Also, I want to preserve my credit score…is a short sale right for me? A. Probably not. In cases where the seller can pay back all or part of the negative equity (usually to the 2nd lien holder) it makes sense for them to … [Read More...]
Fresno Short Sale F.A.Q.’s
1. What is a Short Sale? In a short sale, the lender agrees to settle the debt owed on the property for less than the full amount. “Settled” means that the lender is writing off the debt (which is why you get a 1099 after a short sale for the amount of debt forgiven) and that they are not going to go after you for the money they lost by filing a deficiency judgment in the future. 2. How … [Read More...]
Should You Choose a Short Sale Over a Foreclosure?
Source: Elizabeth Weintraub, About.com Guide A reader asks: My husband and I have been making our mortgage payments every month even though our home is underwater. We owe a lot more than our home is worth. Now, my husband has lost his job. We're thinking about walking away from our home and letting it go to foreclosure, but my parents are telling us that we may qualify for a short sale. Which is … [Read More...]
Six steps to take before agreeing to a short sale of a home
Source: 7Online Although some economic indicators hint that the U.S. economy is moving toward a recovery, home values are still suffering from a serious economic hangover. Many home owners are putting off a sale until prices recover. But some owners must sell immediately, even at a loss. Selling a home for less than the debt on the loan -- called a "short sale" -- is not desirable, but … [Read More...]
Short Sale Myths and Facts Part 1 – Helping Fresno Homeowners.
As real estate values have dropped over the last couple of years, drastically in some places, thousands of home owners have found themselves either upside down on their mortgage, unable to afford their payments, or both. The topic of short sales and foreclosures seem to dominate the headlines everywhere. There has been a lot written about short sales and whether you should or shouldn’t short … [Read More...]
Home Prices Continue to Slide in Case-Shiller Index
Source: DSnews Data released last week by Standard & Poor’s indicates the fourth quarter of 2011 started with broad-based declines in home prices. The 20-city composite of S&P’s closely watched Case-Shiller index was down 1.2 percent in October versus September, while the 10-city composite reading registered a 1.1 percent drop. Home prices fell in 19 of the 20 cities covered by … [Read More...]
‘Triple-Dip’ With Another 7% Drop in Fresno CA Home Prices? – Barclays Capitol
Source: DS News The analysts at Barclays Capital say a “triple-dip” in home prices will likely materialize by early this year (2012). The term “triple-dip” emerged in a Clear Capital report a couple of weeks ago, and Barclays says its analysis corroborates the idea. The research firm warns that home prices will likely slip another 6 to 7 percent over the coming winter months. That … [Read More...]
Are We an Industry Afraid of Our Shadows?
Source: DSnews.com Estimates of the industry’s shadow inventory vary widely, but one thing analysts do agree on is that the overhang is massive and will likely weigh on market dynamics for years to come. Measurements of soon-to-be repossessed and foreclosed homes that have yet to hit the market range from 1.6 million by CoreLogic’s assessment to as high as 8.2 million from Amherst … [Read More...]
