Short Sale? What To Expect When You Get An Offer – Fresno, CA

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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 … Read More

(Short Sale Fraud) Short Sale Supervisor Talks to a Real Estate Agent – Recorded Conversation

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Via: jeremybrandt.com
The Short Sales and Bank Fraud story continues to gain traction. After CNBC aired the story we brought them, dozens of other media outlets, bloggers and authorities have contacted me to discuss this topic.
Here is the story of how this fraud initially came to our attention, along with the evidence to back it up.
Last … Read More

Short Sale 2nds Taking Illegal Kick Backs

I’ve run across this a few times.  IT IS ILLEGAL
Most recently I had been requested from GMAC…It’s clearly in violation of REPA laws.
FASLO Solutions is another violator…they go as far as having an agreement outside of escrow between buyer and FASLO…Thats no lie!

Why Would YOU Keep An Upside Down Home? – Fresno, CA

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Let me be 100% clear…I didn’t write this post…its from another blog….
With that said, he makes many excellent points…points I DO agree with.
Read this and share your comments.
Source: Market-ticker.denninger.net
I’m tired of the repeated bull-crap from the media and various carny barkers about “moral obligations” to meet your payments on underwater property.

Are Home Prices on Shaky Ground? CNBC Video

Visit msnbc.com for breaking news, world news, and news about the economy

Good news for Fresno Homeowners Behind on Their Mortgage: Feds Incentivize Short Sales

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This is great news for Fresno homeowners. I’ve been expecting this for quite a while, and really, it’s just the beginning. Short sales are the best option for homeowners in Fresno right now. It saves your credit from foreclosure and completely eliminates the debt. And the new trend as of late, is getting homeowners who … Read More

Should You Choose a Short Sale Over a Foreclosure?

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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, … Read More

Staggering Housing Data Released

Warning!! Watching this video may damage those “Rose Colored” glasses most have been wearing.

1) 14.4% of ALL mortgages delinquent or already in foreclosure in the US.  That is a historic record.
2) PRIME borrowers (NOT SUB-PRIME) borrowers are now the leading edge of this epic housing mess. 33% of all delinquencies (and those already in foreclosure) … Read More

Foreclosures: Even Those with Good Credit, Jobs are Walking Away

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Interesting article… I’ve noticed this trend as of late. Most of the short sales I’ve listed the past couple months haven’t had a true “Financial” hardship. It’s been more of a business decision for the homeowners to drop their “Toxic Asset” and move on with their life.
Via: ecreditdaily.com
The foreclosure crisis is taking a troubling turn. … Read More

Investors Fade While Short Sales Soar

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Published: Nov. 20, 2009
By Steve Cook Real Estate Economy Watch
Investors buying homes to rent or sell accounted for only 15 percent of the housing market last month as they competed with large numbers of first-time homebuyers flooding the market to buy in time to qualify for the first-time homebuyer credit. The percentage of first-time buyers … Read More

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