Short Sales
2011, Real Estate Short Sales Predictions
REALTORS® for Century 21 M&M and Associates out of the Modesto, CA office are feeling upbeat about the Short Sale process for 2011. The general consensus is that Short Sale Transactions are getting easier. Agents Ken Anderson and Dennis Lines are expecting somewhere in the neighborhood of one million homes being sold through the foreclosure [...]
Read Full Post | Make a Comment ( None so far )2010 – The Year in Review
According to Scott Abell, REALTOR® for Century 21 M&M Oakdale, Real Estate in 2010 got off to a great start due to the First Time Home Buyers $8,000 tax credit incentive. For a two month period California home buyers had the opportunity to double dip into tax credits. The federal tax credits of $8,000 for [...]
Read Full Post | Make a Comment ( None so far )What is a ‘deed in lieu of foreclosure’?
During this Great Recession, as many as one in five American home owners have found themselves unable to keep up with their monthly mortgage payments. The first line of defense for most of these folks has been to pursue a loan modification. However, since a loan modification is based on the borrowers ability to make [...]
Read Full Post | Make a Comment ( 3 so far )What is the Foreclosure Freeze and How Does it Affect Real Estate Sales?
UPDATE: As of 10/19/10, both Bank of America and Ally Financial have lifted their Foreclosure Freeze, saying that they didn’t find any significant problems with the foreclosure documents. The Foreclosure Freeze is big news, not only locally, but nationwide. Two of the nation’s largest banks have stopped foreclosures in some states; Chase and PNC Financial. [...]
Read Full Post | Make a Comment ( 3 so far )The Real Estate Market is ‘Half Full’
While a recent newspaper headline exclaimed: ‘Home market still depressed’, Century 21 M&M and Associates Realtor John Lazar only sees a ‘once in a lifetime’ buying opportunity. “I’ve never seen so much opportunity in my lifetime,” said Lazar, a 22-year real estate veteran and the Mayor of Turlock. “I doubt we’ll see this type of [...]
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