Short Sales
$25 Billion Settlement will help One Million Distressed Homeowners
On Thursday, January 9th, 2012 – 49 State Attorneys General and the federal government reached a $25 billion settlement with the nation’s five biggest banks with regard to the Foreclosure crises that came to light late in 2010. “First, the basic terms of the settlement: Under the deal, $20 billion will be allocated to principal [...]
Read Full Post | Make a Comment ( 1 so far )Short Sales; Working with the Banks is getting Easier
Northern California real estate agents are seeing increased cooperation from the banks with regard to Short Sales. Realtor David Allen Rivas out of the Century 21 M&M Sunnyvale office says, “I am finding that banks are actually postponing the sales date and allowing short sales to close instead of following through with foreclosure.” “Here in [...]
Read Full Post | Make a Comment ( None so far )Short Sales vs Foreclosures for Distressed Homeowners
Northern California Century 21 M&M Real Estate Agents are asked everyday – ‘I can’t afford my home, should I sell it by short sale, or wait for the bank to foreclose?’ So, in an attempt to answer this question, what follows is - ‘just the facts’. A short sale occurs when a property is sold [...]
Read Full Post | Make a Comment ( None so far )Real Estate and the Hispanic Community
Richard Salinas, REALTOR for Century 21 M&M and Associates in the Turlock Main Street office, specializes in Hispanic real estate sales. He states, “Back in 2004 – 2006, I was working with a number of Hispanic clients that had to drop out of the market due to the dramatic rise is housing prices–they were priced [...]
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