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Short Sale Is Better Than Foreclosure

November 23, 2010

Check out this video where Dave Ramsey answered some questions and where he also mentioned that short sale is better than foreclosure -Watch it now! Watch the latest video at video.foxnews.com If you are looking for a bay area short sale Realtor or have any questions related to short sale and would like to know [...]

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How to Stop a Trustee Sale in Bay Area

November 17, 2010

If you have received a trustee sale notice because of non-payment of your monthly mortgage then there are few ways to stop a trustee sale on your house so that it will give you some time to work out your options to avoid from foreclosure. These below steps will not stop the trustee sale forever [...]

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For Sale: Beautiful End Unit Condo in Santa Clara

November 12, 2010

150 Saratoga Ave: Beautiful 2 bedrooms end unit condo located in a well maintained complex, lower unit, award winning Cupertino schools, large size living room with dining area, upgraded hardwood floor in all rooms, granite kitchen counter top, nice cabinets, large patio for entertain, close to Valley Faire shopping centre, freeway and other amenities. Don’t [...]

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New California Law (SB 931) Prohibits Deficiency Judgments on Owner Occupied and Non-Owner Occupied Short Sales

November 7, 2010

This new California law (SB 931) was signed by the Governor on September 30th, which takes affect from the beginning of January 2011.  According to this law, any first mortgages that accept a short sale cannot obtain a deficiency judgment against a seller, whether it is owner occupied home or non-owner occupied owners. So, the [...]

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Homeowners Frustrated with Loan Modification Programs

October 27, 2010

When homeowners face hardship, they think about loan modification first before going for any other options to save home from foreclosure. Some homeowners get their payment lower but most of the homeowners are frustrated with their loan modification programs. I know few families in Bay area who are working on loan modification for a long [...]

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Successfully Closed Fannie Mae Short Sale with Bank of America

October 13, 2010

Fannie Mae short sale is little bit different than the other short sales, they have their own different guideline when it comes to short sale approval, but finally we have successfully closed short sale with Fannie Mae backed loan. This house was located in Gilroy, California.  The lender was Bank of America and the investor [...]

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For Sale: Gorgeous End Unit Townhome in Fremont

October 10, 2010

13 Blue Coral: One of the rarely available end unit nicely maintained townhome in this beautiful Pacific Park complex in Fremont, 3 bedrooms/2.5 baths, built in 1987, 1 bedroom and 1.5 baths are downstairs, hardwood floor in large size living room, granite kitchen counter top w/ island, high ceiling, custom paint, all rooms are well [...]

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For Sale: Beautiful Newer Townhome in Hayward

October 9, 2010

616 Arcadia: Beautiful end unit townhouse in Hayward with attached garage, 2 bedrooms, 2.5 baths, built in 2004 (only 6 years old), approximate living area is 1,179 sqft., good size living room with dinning area, fireplace, granite kitchen counter top, upgraded maple cabinets, stainless steel appliances, recess lighting, gas stove, both bedrooms have attached full [...]

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Moody’s Forecast for Housing and the Economy: Dim

September 22, 2010

The analysts at Moody’s Investors Service are downbeat in their outlook for both the U.S. economy and the housing market. In the agency’s ResiLandscape report issued last week, they warn that there’s a stronger chance the country will slide back into a recession, and they are forecasting a “longer and deeper housing correction.” Mark Zandi, [...]

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New Law Would Force Lender To Approve Short Sale in 45 Days

September 19, 2010

We all know that most of the lenders take a longer time to decide on the short sale approval. Normally these lenders take 3-4 months or even more on some short sale transaction. This new law would force the lender to approve short sale in 45 days. Rep. Robert Andrews (D-New Jersey) and Rep. Tom [...]

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