Feds Help with HAFA…Kris & Kim Highlighted
Real estate specialist Kris Darney on Thursday walks through a Rancho Cucamonga home whose owners are hoping it will be purchased in a short sale instead of being lost to foreclosure. (Mediha Fejzagic DiMartino/Staff Photographer) Read more:http://www.dailybulletin.com/news/ci_14814460#ixzz0k9pQ41gK Feds aim to ease pain New U.S. program to start Monday Sandra Emerson, Staff Writer Created: 04/03/2010 07:08:53 AM PDT Short sales have become more appealing to homeowners who are underwater on their mortgage and are looking to get out without going into foreclosure. But the time it takes to...
Read MoreTax Credit Bill Passed for New Home Buyers…and Move Ups
As promised….here are the details for the home buyer tax credit. It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009. In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time. So Who Gets What? The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on...
Read MoreForeclosure Activity Sets New Record in Third Quarter
According to a recent report release by RealtyTrac, in the last quarter (July, August, September 2009) the US has experienced the highest foreclosure activity since RealtyTrac began reporting on the foreclosure market. Activity rose 5% over last quarter or 937,840 properties. States with the highest activity “California, Florida, Arizona, Nevada, Illinois and Michigan accounted for 62 percent of the nation’s total foreclosure activity in the third quarter, with 579,541 properties receiving foreclosure filings in the six states combined. With 250,054 properties receiving foreclosure...
Read MoreWells Fargo Gives VP the Boot!
It appears that Wells Fargo plays no games with it’s execs that take advantage of the system. Cheronda Guyton, a VP in Wells Fargo Foreclosure Assets division (and USC Graduate) was giving the “boot” after word spread that she was living in a recently “foreclosed” $12Million Dollar shack in the posh Malibu Colonies enclave. It appears that the previous owners (Madoff Victims) who surrendered the property in lieu of a large amount of monies owed to Wells Fargo for outstanding debt, had a few friends in the enclave that were concerned about the activities and...
Read MoreFacing The Giants
This is a great motivational video…a short 6 minutes…but praiseworthy. As agents we’re faced with “Peaks and Valleys.” It’s how you address the steep climbs when your in the valley’s that tests our reserve. Challenge yourself to go the extra mile. Be a leader. By sweatin’ the “climb” you’ll make a huge impact in another persons life. As leaders in our industry…we can move mountains. Keep the faith and push yourself everyday to be better than you were the day before. This video was shared by Michael Ojeda and is a clip...
Read MoreDon't Let Your Home go Into Foreclosure
Foreclosure is an ugly word and there are few ways to avoid it. The best and most effective answer is to sell the property. If your upside down in value then it would be called a Short Sale…or selling the property “short” of what’s owed. They are common place in todays real estate market…nationwide! ...
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Attention Agents: Learn how to Short Sell, Rent and Buy Back for your Listings.
