Antioch CA - We received the following e-mail a little while ago from another agent that does short sales. It illustrates how the current short sale guidelines hurt the housing market and homeowners short selling their house. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. The following e-mail shows you why it is important that you have an experienced short sale agent help you. Here is the e-mail. "I have a short sale listing with a large national lender. I have been waiting for an answer since September. I finally received an answer last week in form of a counter offer to the price. The contract price was $315,000. The lender countered $345,000. I told the buyer to and see if he is willing to pay more. After doing so, he said he will stay... 03/30/2011

Antioch CA - The Stop Foreclosure recently received a question from Grant. Here was his question. "I have an FHA loan and want to get a loan modification. My bank is playing hardball and won't modify the loan at all. My friend got a loan modification and said it was pretty easy. What can I do to modify my loan?" Grant. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here is the answer. I don't know the specific rules for FHA Loan Modifications. But, I do know how to find them. Here is what I have learned about FHA Loan Modifications and FHA Short Sales. The FHA Program takes the loss on any short sales or loan modifications. Because of that they get to make the decisions on how loan mods and short sales are implemented. The FHA program is... 03/29/2011

Antioch CA - The Stop Foreclosure recently received a question from Georgia E. Here was her question. " When the bank says the file should be going to an investor soon what does that mean?" Georgia E. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here is the answer. It means that whoever ultimately owns the loan will make the decision. For example, you might be negotiating the short sale with Wells Fargo. However Wells Fargo may not own the loan. (Around 80% of all the loans they service are owned by someone else.) Wells Fargo will take all of the short sale documentation and send it to the actual loan owner. (The actual loan owner could be anyone from Fannie Mae, Freddie Mac, Goldman Sachs, a Pension Fund, or another Wall Street Entity.... 03/28/2011

Antioch CA - How do foreclosures, loan modifications or short sales affect a credit score? Your credit score will be affected by late mortgage payments and a short sale.However, there are 2 things that are considered horrible on your credit report. Those 2 are items are foreclosure and bankruptcy.Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.A foreclosure or bankruptcy will almost immediately lower a credit score by around 100 to 120 points. (The number is not hard and fast - it all depends upon what the score was before the foreclosure, and other factors that the credit bureaus don't like to share.)The way that they write the algorithm, a foreclosure will keep on pushing your score down for the next 2 years! A foreclosure can also stay o... 03/27/2011

Bank Owned Homes for Real Estate Investors – Antioch California 94531 Real Estate Investors love the great Investment Properties in Antioch California 94531 because they are well priced and demand good rents providing excellent Cap Rates and Return on Investment. The 94531 Zip Codes is one of two in Antioch California and generally is the newer parts of town with many fine upscale homes close to shopping and the great amenities available in Antioch California 94531. The best buys on Investment Properties in Antioch California 94531 are Bank Owned Homes. Bank Owned Homes have now dropped to about 1/4 to 1/5 of the Market in Antioch California 94531. However, even with Bank Owned Homes being in Short Supply, with less than two months worth of homes on the market, they are selling for over... 03/27/2011

Bank Owned Homes for Real Estate Investors – Antioch California 94509 Real Estate Investors love the great Investment Properties in Antioch California 94509 because they are well priced and demand good rents providing excellent Cap Rates and Return on Investment. The 94509 Zip Codes is one of two in Antioch California and generally is the more established parts of town and some of the better investments. There are many fine Ranch Style and starter homes in quite neighborhoods. The best buys on Investment Properties in Antioch California 94509 are Bank Owned Homes. Bank Owned Homes have now dropped to about ¼ of the Market in Antioch California 94509. However, even with Bank Owned Homes being in Short Supply, with less than two months worth of homes on the market, they are selling for 5%... 03/27/2011

Antioch CA - Bankruptcy is one of the scariest words a lender can hear. A bankruptcy filing can stall their ability to foreclose by 6 months, and sometimes as long as a year.Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.The lenders know that most bankruptcies will cause them to lose the ability to pursue you for any losses. This means they can't go after you for any upside down debt.The only thing a lender gets in a Chapter 7 Bankruptcy is any collateral they have on a loan. So they can foreclose on your house, but that is about the only thing they can do.They can't garnish your wages or bank accounts. So use the bankruptcy threat in your negotiations. Lenders know how much it will hurt their ability to collect from you.The most effective... 03/21/2011

I see lots of agents talking about the Short Sale success they have had!  Many brag about fantastic closing ratios and near impossible sales stats. My old high school history teacher Mr. Burris said two things to me about numbers: Figures don't lie, but liars figure.  and There are liars, damned liars, and statisticians. I can honestly tell you that in 2011 100% of my Short Sales that have reached escrow have closed.  I think that sounds pretty good.  My Team handles hundreds of Short Sale Escrows every year. The above sounds very impressive.  Now those agents reading this are really having a good belly laugh.  They can read between the lines of that statement. I am a small company - me - myself and I run everything.  That can be good or bad depending on what you want in a company.  If ... 03/20/2011

Antioch CA - In my opinion, loan mods are very tough to negotiate with large lenders like Bank of America, Wells Fargo, JP Morgan Chase, or SunTrust. The reason is because you are treated like a number.In addition, in most cases the lender doesn't own your loan. Someone else does. So when they negotiate with you, it is simply to go thru the motions.Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.No, common sense does not apply in these situations! The good news is that common sense does apply when you are dealing with a small, local lender. I remember hearing a credit union in my town run ads about how they didn't treat you like a number.The ads said something like, "When you bank with X Credit Union you aren't a number. We talk to you on a... 03/18/2011

Selling a Home in a Short Sale in Antioch California 94531 Selling a Home in a Short Sale is one of the biggest challenges in Real Estate. In Antioch California 94531 there are 107 Short Sale Homes on the market, which is over half of the homes for sale. Right now there are 134 Short Sale Homes Pending in Antioch California 94531. Pending can mean that the home is in contract, and that it is in some stage of working towards closing. For most of these these means waiting on approval from the bank for the Short Sale. In January 12 Short Sale Homes sold in Antioch California 94531 and 16 sold in February. These means only one in every 9 to 10 Short Sale Homes pending closes each month. The reality is many of the Short Sale Homes never actually end up selling. However, Recently the HAFA Sho... 03/18/2011

Selling a Home in a Short Sale in Antioch California 94509 Selling a Home in a Short Sale is one of the biggest challenges in Real Estate. In Antioch California 94509 there are 80 Short Sale Homes on the market, which is almost half of the homes for sale. Right now there are 111 Short Sale Homes Pending in Antioch California 94509. Pending can mean that the home is in contract, and that it is in some stage of working towards closing. For most of these these means waiting on approval from the bank for the Short Sale. In January 14 Short Sale Homes sold in Antioch California 94509 and 12 sold in February. These means only one in every 8 to 9 Short Sale Homes pending closes each month. The reality is many of the Short Sale Homes never actually end up selling. However, Recently the HAFA Sho... 03/18/2011

Antioch CA - This is good news or bad news, depending on how you look at it. Here is the good news.If you are a little guy having financial problems, then you are not alone. Even Billionaires are being foreclosed on.One billionaire real estate developer in Florida had several projects foreclosed on. Another very well known real estate developer is having to re-negotiate mortgages on his investment properties.Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.Even a woman who was married to a man who was the richest man in the world at one time is being foreclosed on. Here is the story according to Yahoo Finance:"Article Title: The Rise and Fall of Patricia KlugeFormer billionaire spouse turned vintner is now facing foreclosure.It's the kind of... 03/17/2011

Antioch CA - Here are four specific examples of big bank's negligence causing a loan owner to lose money.Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.Example #1: Not giving buyers an answer on a short sale within one week. Home buyers don't like to wait 3-6 months for an answer on a short sale. This fact causes many buyers to shy away from short sales, thereby causing short sales to sell for less.Lenders should help the loan owners recoup as much money as possible from short sales. To do this, they make the short sale approval process as quick as possible.They could start the property valuation process when the property is put on the market and determine a certain price they would accept.More buyers would be willing to purchase the prope... 03/16/2011

Antioch CA - The Stop Foreclosure Institute recently received a question from Durry. Here was Durry's Question. "We have American Home Mortgage Servicing, a loan processor for a Mortgage held by Deutche Bank, adding a 1% "processing fee" that ONLY the buyer can pay at closing. This was never revealed until we received the short sale approval letter. The buyer is upset." Durry. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here was our answer to Durry's Question. Yes, the buyer is upset. Buyers think they are in control in today's market. They can't see why they should pay a fee if they are buying a house in a "Buyer's Market." I think this fee is unethical. We had the fee waived on a short sale we did. Your e-mail indicates that the buye... 03/14/2011

Antioch CA - Sometimes it seems like short sales are tough. "Don't try to short sale your house. Short Sales never go thru", people tell you. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. This isn't true. Here is how one agent beat the odds and succeeded with a short sale. A member of the Stop Foreclosure Institute told me about a short sale he recently worked on. Here is the story from the member. "I had a short sale with a large national lender. The loan was owned by Fannie Mae, not the lender. We had an over zealous short sale negotiator. We had the home on the market for several months and finally received an offer for $180,000. We submitted that to the lender with all the short sale paperwork. The lender came back and said the pric... 03/13/2011

Real Estate Investors - Get Leverage I have Real Estate Investors contact me all the time about Investment Properties, many of the them want to pay cash. I have no problem with Real Estate Investors wanting to pay cash, however, right now it is not the best way to buy Investment Properties on a long term basis. Right now Money is Cheap (borrowing) assuming the Real Estate Investor has the credit and assets to borrow. The Real Estate Investor will get a better Rate of Return on his/her money. Generally speaking the Real Estate Investor is better off buying 4 homes at 25% down than buying 1 home with cash. Of course this will change when interest rates rise so now is the time to Buy Investment Properties. Of course there are times when it may be best to pay cash: Short Term Flips of Inves... 03/13/2011

2440 ALDERWOOD DR Antioch Ca I have a wonderful OPEN HOUSE this Sunday 1-4 in Antioch California! Inverstor Owned and move in condition! Located in the desired Mira Vista Hills Area: Just off of Silverado.  4 bedrooms and 2.5 bathrooms. Very nice view.Over 2400 sq. ft. of living space: Priced at $ 259,000! For more information on Flips or relocating to the Antioch area: Call Shannon Coe 925-997-5758  #01489731 Realtor WR Properties Brentwood CA http://www.ShannonCoe.com       03/13/2011

Buying a Home in Antioch California 94531! Buying a Home in Antioch California 94531 is an exciting opportunity. Antioch California 94531 is one of two zip codes in Antioch California. Antioch California 94531 is the newer portion of town featuring many fine homes, executive homes. Antioch California is the largest community in East Contra Costa County. Right now there are 180 homes available if you are looking at Buying a Home in Antioch California 94531. The Average Asking price is $241,619.00 or $108.00 per SF. In January 47 homes sold in Antioch California 94531 and 47 sold in February with an average price per SF or $108.00. For those Buying a Home this is a good time with low prices and low interest rates. The Supply of Homes in Antioch California 94531 is less than 4 months, this... 03/12/2011

Buying a Home in Antioch California 94509! Buying a Home in Antioch California 94509 is an exciting opportunity. Antioch California 94509 is one of two zip codes in Antioch California.  Antioch California 94509 is the more established portion of town featuring many fine homes, including many single story ranch homes.  Antioch California is the largest community in East Contra Costa County. Right now there are 179 homes available if you are looking at Buying a Home in Antioch California 94509. The Average Asking price is $174,631.00 or $108.00 per SF. In January 64 homes sold in Antioch California 94509 and 48 sold in February with an average price per SF or $107.00. For those Buying a Home this is a good time with low prices and low interest rates. The Supply of Homes in Antioch Califor... 03/12/2011

Thinking about FLIPPING HOMES! Stop by my open house and get some good information! I have a wonderful OPEN HOUSE this Sunday 1-4 in Antioch California! It is a FLIP and in very good condition. Located in the desired Mira Vista Hills Area: 4 bedrooms and 2.5 bathrooms. Over 2400 sq. ft. of living space: Priced at $ 259,000! For more information on Flips or relocating to the Antioch area: Call Shannon Coe #01489731 Realtor WR Properties Brentwood CA http://www.ShannonCoe.com   It is located in Mira Vista Hills and has a wonderful view! 03/11/2011