Bank of America is sending out letters to many clients offering a possible relocation assistance of anywhere from $2,500 to $30,000.  We currently have a few clients that have qualified for the program.  Below is the email that was sent out by Bank of America today talking about the program.  The program is only offered for a short amount of time (we haven’t been given a time frame), so you must take advantage right away.… Read the rest

CoreLogic released its March Home Price Index (HPI) report which shows that from March 2011 to March 2012, there has been a decrease of 0.6% in home prices throughout the nation. When showing the monthly percentage rates that included distressed sales, from February 2012 to March 2012 there was 0.6% increase in home prices. This was the first month-over-month increase since July of 2011.… Read the rest

Right now may be the best time to buy a home. Several housing experts believe that this year may be the last year to take advantage of the weak housing market. With home prices decreased by about 34% and mortgage rates at historic lows, homes have never been more affordable. Stuart Hoffman, chief economist for PNC Financial Services, has stated that housing prices will soon flatten out by the third quarter and eventually start to increase by next year; so this opportunity won’t last much longer.… Read the rest

A question we always receive from clients is, “When can I purcahse again after a short sale or foreclosure?” The matrix below shows the mandatory time frames after a short sale, a foreclosure or a bankruptcy.

(Click The Image For Full Size)

If you are facing foreclosure or have any questions regarding a short sale and the foreclosure process, please do not hesitate to contact our team.… Read the rest

Another testimonial from a satisfied client. We assisted Tanya in the short sale of her condo.  She had a first mortgage with Chase and a second mortgage with Citi. We were able to succesfully negotiate the short sale and were able to get her a check for $23,000 at the close of escrow!

Make sure to read what other clients have been saying about our services!… Read the rest

Today CoreLogic released its National Foreclosure Report for March 2012. This report provides the monthly data on completed foreclosures, the 90+ day delinquency rates and the current foreclosure inventory. In March 2012 there were 69,000 completed foreclosures compared to the 85,000 in March of 2011. February of 2012 had 66,000 completed foreclosures.  Compared to last year’s 232,000 foreclosures in the first quarter, 2012’s first quarter contained only 198,000.… Read the rest

If you are in the process of interviewing real estate agents for the sale of your current residence, or for an upcoming purchase, we can’t stress how important it is for you to Google their name and read the reviews that have been posted about them.  If the agent you are interviewing is doing business, you should have no trouble finding information about them.  If you are not able to find any info, no information can be almost as bad as bad information.  If they aren’t able to market themselves online, how will they be able to market your property?… Read the rest

For anyone reading this that uses Yelp on a personal level, you know how powerful of a resource it is.  If you haven’t used Yelp, you should take a look. We have used it to find everything from a restaurant to a doctor.  I never go to a restaurant without first checking the reviews and will rarely use any provider or service without checking up on them.… Read the rest

The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007. Generally, the Act allows an income tax exemption for a homeowner that has income realized as a result of a loan modification, short sale or foreclosure.

The Act is set to expire at the end of this year (December 31, 2012). This means that if anyone wishes to take advantage of the benefits of this Act, they must complete their modification, short sale or foreclosure on or before Dec 31, 2011.… Read the rest

The December home sales numbers for San Diego came out and are a good reflection of how the overall market performed for 2011. Close to one third of all sales involved a foreclosure and about 20% of sales where a short sale.

The overall sales numbers were higher than a year ago, but still more than 20 percent below the average number of transactions for the month.… Read the rest