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Will The House Value Go 50% More Down?

July 12, 2010

The housing market is very uncertain at this time, some parts of cities are doing well but majority of cities are not as compared to last year.   Due to end of tax credit, buyer activity has also started to decrease, nationally pending home sales dropped by 30%. We are expecting that there will be more [...]

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For Sale: Beautiful Newer Home in Newark

June 19, 2010

Dijon Dr: Beautiful home with 4 bedrooms/2.5 baths, built in 2004, attached 2 car garage, laminated floor in living room, separate dinning area, granite kitchen counter top, gas range, pantry, gas fireplace in family room, , bright rooms, half bath downstairs, large master bedroom, easy access to freeways and other amenities. Give me a call [...]

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For Sale: Beautifully Updated Home in Hayward

June 16, 2010

Chambosse Dr: Beautifully updated home with 3 bedrooms/2 baths, large master bedroom, nicely redone bath with granite top, nice size kitchen with dinning area, granite kitchen counter top with lots of cabinets, double pane windows, fireplace in living room, close to freeway and all other amenities. Priced at high $200′s. If you are a first [...]

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Bank of America Working on More Short Sale Than REO

June 13, 2010

This is really a good effort from Bank of America to avoid foreclosures; they prefer short sale over reo properties.  In this way, more and more people can avoid foreclosure if they cannot afford their mortgage payment. Thanks to Jon Prior who shared this information.  Bank of America, one of the largest lenders in the [...]

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Strategic Default Increased Since Last Year

June 2, 2010

In strategic default, homeowners can afford the payment but they are just walking away from the home or doing strategic short sale to avoid foreclosure. In March 31% of foreclosures were “strategic default,” up from 22% a year ago, according to CNBC’s reporter Diana Olick. She is really good in collecting all the facts on [...]

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Fannie Mae New HAFA Short Sale Program

June 2, 2010

After a long wait, Fannie Mae announced it’s version of HAFA program for homeowners to assist in difficulties to avoid foreclosure. This program will take effect from August 1, 2010 Homeowners will get $3,000 for moving expenses when they do short sale. Here are the details of new Fannie Mae HAFA program: Fannie Mae (FNM: [...]

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For Sale: Beautiful Home in San Francisco

May 28, 2010

57 Bessie St: Beautiful 3 bedroom and 2 baths home in a nice neighborhood, spacious and upgraded kitchen with dinning area, granite counter top, upgraded cabinets, pantry, stainless steel appliances, living room, hardwood floor, skylight in hallway and upstairs two bedrooms, beautiful view of city and hills from upper level bedroom, in-law unit at the [...]

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Lender Denied My Loan Modification and I Don’t Want to Do Short Sale –What Other Option I have to Avoid Foreclosure?

May 11, 2010

I had received a call yesterday from a nice homeowner, who found out my information from the internet (Google) search and told me that his lender denied his loan modification and suggested to do short sale, but he doesn’t want to sell his house. The reason why the loan modification got denied is because of [...]

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Participating Lenders in HAFA Program

May 7, 2010

Here’s the list of lenders who are participating in HAFA(Home Affordable Foreclosure Alternatives Program) program.  The Home Affordable Foreclosure Alternatives Program provides opportunities for homeowners who can no longer afford to stay in their home but want to avoid foreclosure to transition to more affordable housing through a short sale or deed-in-lieu of foreclosure.  The [...]

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For Sale: Beautiful Condo in South San Francisco

May 6, 2010

3865 Carter Dr: Beautiful 2 bedroom and 2 baths lower level condo in a well maintained gated community, upgraded laminated floor throughout the living room, bright and sunny bedrooms, fireplace, dinning area, patio, upgraded tile floor in bathroom, underground parking for two cars, great location with easy access to San Francisco and Silicon Valley, close [...]

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