Zillow Releases the 5 Biggest “Turnoffs” For Home Buyers When Showing Homes
5 Biggest Turnoffs When Touring a Home A real estate agent’s job entails more than assisting clients with the nitty-gritty details of buying or selling a home. Good agents also tour as many homes as possible. Knowing the local inventory gives them an edge over the...
Short Sales Overtake Foreclosures in 1st Half of 2012; However Processing Time Increases
Great Story by Mortgage Daily News.com . What does it mean? Obviously the amount of defaulted homeowners (Homeowners that are more than 30 days late on their mortgage payments) has not decreased...however, there are less REO or foreclosed homes on the market than...
Comedian and Tour de France Mega Fan Robin Williams Selling NAPA Chateau
When it comes to big-time personality, comedian and actor Robin Williams has that in spades. So it makes sense that a man of such enduring talent would also possess a home on the Napa, CA real estate market of equal scale. But maybe Williams is entering a newer, more...
California: Own a Vacant Home…Keep it Clean and Green or Face $1,000.00 Fine Per Day!
New law from Governor Brown...Part of the California Homeowner Bill of Rights California Gov. Jerry Brown signed a bill Monday forcing owners of foreclosed and vacant homes to maintain the property or face up to a $1,000 fine per day of violation. The bill,...
Bank of America's Matt Vernon Pushing Cooperative Short Sales
Earlier this week a top executive at Bank of America told an REO conference in Dallas that the lender would be focusing more on short sales than ever before. At first hearing this, I assumed it was because of the government's Home Affordable Foreclosure Alternative...
Another Blow For Housing…Refinancing…going. going…gone?
A surprise in this morning's weekly mortgage applications report from the Mortgage Bankers Association. I'm not talking about the part that said purchase applications tanked another 5.7 percent, now down 42 percent from where they were at the end of the home buyer tax...
30 Yr Mortgage Hits 4.58%…Creeping Ever closer to Free Money!
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.58 percent, down from 4.67 percent at this same time last week. This is the lowest rate recorded since Zillow Mortgage...
Sheryl Crow Bailing Out of Tennessee…$7,500,000 for 154 Acres and a Sweet Pad
Singer Sheryl Crow discovered you can take the girl out of the country, but you can’t take the country out of the girl. And so, in 2008, Crow bought a magnificent 154-acre farm about 40 minutes south of Nashville to be near her sister and family in Missouri and moved...
Bank Of America Prefers Short Sales to REO's! Avoiding Foreclosure
Homeowners, this is fantastic news! Bank of America, is one of the largest lenders holding mortgages here in California... Bank of America also stated they were anticipating more strategic short sales as the housing market continues to decline. They are willing to...
Bank Of America…Equator Platform equals 200,000 Short Sales Completed
Equator, formerly known as REOTrans, has seen 200,000 short sales close on its automated platform in seven months, said Chris Saitta, CEO of Equator. Lenders can elect to enable the agent-initiated feature within Equator’s network platform, a move that the firms says...
Unemployed, Tips For Job Search..Uplifting Article, Good Source
We know times are tough, and there are a lot of you that have been laid off and looking for work. I came across this article today....for anyone that needs some encouragement and good tips on the job search. Everyone has been told it's easier to get a job when you...
Real Housewife of NJ’s in Foreclosure…More Gossip!
Nearly $11 million. That’s the amount of debt that Real Housewives’ of NJ Teresa Giudice and her husband, Joe, are facing, and includes the foreclosure of their Towaco, NJ mansion (above), which is used in the Real Housewives’ series. They have filed for bankruptcy...
Bank Of America Starts Principal Reduction.. Forbearance In The Mix….
In a recent article, Bank of America "Circles the Wagon" on principal reduction....Lot's of "May" and "If"....nothing about how much principal "May" be written down...Until we get more information....here you go! Bank of America said it has initiated its new earned...
California Assembly Bill 1639 Requires a Foreclosure Mediation Mortgage Workout Program or "MMW"
You know...the more we read about CA the less I am concerned that we are the litigious state that we have the esteemed label of being. Lot's of new laws hitting the Halls of Sacramento for consideraton...laws that have already been in place in many other states...