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Category Archives: Short Sale
Short Sale = not Bank Owned
In general when you see overviews of Distressed Sales, REO/bank owned sales are put together with Short Sales. This might give the false impression that a Short Sale is a bank owned sale. However, a SHORT SALE IS NOT OWNED … Continue reading
Posted in Buyers, Disclosures, Sellers, Short Sale, Sonoma County info
Tagged buyers, HAFA short sale foreclosure, Sellers, short sales
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Foreclosures, is it that bad in Sonoma County?
Following the news headlines might give you the impression that every home that is being sold right now is in foreclosure… As this might be the case in certain areas, this is not the case in Sonoma County. To give … Continue reading
Posted in Buyers, Foreclosure, RE by the numbers, Sellers, Short Sale, Sonoma County info
Tagged buyers, california, foreclosures, short sales
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Deficiency: shortage, deficit… or paying back what you owe…
The majority of people who buy a home need a mortgage or a loan. The home is yours, you pay the mortgage back over the life of the loan. When you sell the home you pay off the remainder of … Continue reading
Posted in Foreclosure, HAFA, Mortgage, Sellers, Short Sale, Sonoma County info
Tagged HAFA short sale foreclosure
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Title Insurance: a Scam?
When you buy a home and use a mortgage you pay for at least 3 insurance policies: Home Owners Insurance, Home Owners Title Insurance and Lenders Title Insurance. For an average home in Sonoma County, Title Insurance is around $1,800 … Continue reading
Adverse possession… a home for $16?
My dear friend Gini sent an interesting link to a video about a man claiming an abandoned home trying to acquire title through adverse possession. An interesting concept. In Netherlands, the adverse possession of property is called ‘Kraken‘ it started … Continue reading
Posted in Buyers, Sellers, Short Sale, Sonoma County info
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Latest Short Sale News for California residents
LATEST NEWS : A lot of home owners have 2 mortgages against their property, we call that a senior and a junior loan. These second loans may be a home equity line of credit or a regular loan. This second … Continue reading
Posted in Buyers, Sellers, Short Sale, Sonoma County info
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Short Sales… and how about Tax Liens?
When a person/business does not pay taxes the IRS can put a lien on a house. A contractor can do the same by the way, it’s called a mechanic lien. When a homeowner wants to avoid a foreclosure and do … Continue reading
Posted in Foreclosure, Sellers, Short Sale, Sonoma County info
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60% of all Foreclosed Homeowners….
On March 29th, Alex Charfen from the CDPE Institute did a webinar with Rick Sharga from RealtyTrac – the leading online market place for foreclosed properties. Besides the fact that foreclosure activity has increased on a year-over-year basis for 52 … Continue reading
Buyers… and Sellers
Statement for today: when you as a buyer are frustrated with the seller or the sales process, please keep in mind: it’s most likely not your intention to create a life long friendship with that seller, you are interested in … Continue reading
Posted in Buyers, Foreclosure, Sellers, Short Sale, Sonoma County info
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Loan Fraud and Short Sale Fraud
An article in the SF Chronicle caught my attention this morning : 10 indicted in Calif. alleged real-estate scheme. When money was cheap and pretty much everyone could get mortgage, the so called ‘golden years’ (they were not golden by … Continue reading