Short selling with a B of A loan??

Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. Read more here.

Tags: bank of america, loans, mortgages, short sale

Starting to think about a short sale?

Are you starting to think about a short sale? Thinking you need to get out from under your home? There are alternatives for you and we can help. Read more here.

Tags: bank owned, distressed, foreclosure, loan modification, short sale, underwater

Housing crisis: A sign that the worst is over

The mortgage delinquency picture is getting brighter, according to an industry report released Thursday, with falling delinquency rates indicating the housing crisis may be at the beginning of its end. A quarterly release from the Mortgage Bankers Association revealed that mortgage payment problems eased during the first three months of 2011 for every category of default. Read more here.

Tags: bank owned, foreclosures, lender owned, reo, short sale

Thinking about a short sale and what to do

What is a Short Sale?
A Short Sale occurs when the proceeds from the sale of a home do not fully pay off the existing loan(s) and the lender(s) accepts a discounted payoff to fully satisfy the loan. The existing lender usually always pays virtually all sales costs, including commissions, escrow and title fees and repair costs. You get your home sold, the loan(s) paid off and you avoid foreclosure. Read more here. If you need more information on whether a short sale is right for you, please contact us here.

Tags: bank owned, foreclosures, lender owned, reo, short sale

Need to short sale your home or more info?

Are you stressed out about your mortgage payments? Do you think your only option is a foreclosure? Is a short sale tight for you? Millions of homeowners are asking themselves the same question. We can easily help you make the decision on whether a short sale is right for you. Don’t live in fear anymore. Take action. Learn more on short sales here and contact us now to get started.

Tags: debt free, loan mod, loans, mortgage, negotiation, payments, short sale, stressed

Wells Fargo to modify 15,000 loans

Looks like Wells Fargo is stepping up their service and has decided to modify 15,000 loans. If any of you have a loan through Wells, you might want to read the rest of this article here.

Tags: loan mod, loans, mortgage, short sale, wells fargo

What is the current market like in Ladera Ranch?

Currently as of 11/1/2010 there are a total of aprox 180 homes on the market for sale in Ladera Ranch. Of these, 15 are bank owned, 95 are short sales or foreclosures and the remaining 70 are standard regular sale homes. What we are seeing month over month is more foreclosure and short sale homes coming on the market and less regular sale homes coming on the market. The amount of time it takes to sell a home is also increasing. Some of this may be attributed to that fact we are coming into the holiday season and typically things slow down. However, because many people are focusing on the holidays etc, now may be a great time to find a deal for yourself? Do your homework and make sure you have an idea of what the past sales have been for the last few months. You can get a good idea right here.

Tags: buying, current market, foreclosure, ladera ranch, past sales, reo, short sale