Antioch, CA Real Estate News

By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Bank Owned Homes 94509 - 94531 Bank Owned Homes have dominated the market for the last couple of years. At this time Short Sales may be more prevalent, but as banks begin to unload inventory we may see more and more Bank Owned Homes on the Market. (Click Here for Free Report on Bank Owned Homes!) This report looks at market trends of Single Family Bank Owned Homes 94509 - 94531 - Antioch California - by looking at the current market and comparing it with sales of Bank Owned Homes in September and October. Right now there are 113 Bank Owned Homes 94509 - 94531 on the market with an average asking price of $203,557.00 and a median asking price of $192,900.00. The average asking price per SF is $109.00 and they have been on the market an average of 44 days. In September 54 Bank Owned Homes...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. Here is a quick recap of what I recommended Arman do. Step #1: Call up IBM and demand a written letter explaining why they are declining the short sale offer. Step #2: Write down what you project your damages are going to be if the property is foreclosed upon instead of sold as a short sale. Step #3: Call up the company handling the loan for Fannie Mae and tell them if they reject the short sale for no reason and the house is foreclosed, then you will be suing them for those specific damages you dr...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - I just saw the second of two articles about homeowners losing their home or property because of high property taxes. Most of the stories were based in the Northeast, where the property taxes are much more expensive. In one story, http://www.wbaltv.com/r/25677444/detail.html, a Maryland Woman is going on a hunger strike to bring attention to the situation. The story makes it sound like high property taxes caused her mortgage payment to go up by 40%. That is a huge jump in property taxes. I have seen some people’s property taxes jump by $200 to $400 myself. In another story, a lady in Connecticut lost some property next to her house after a drawn out tax dispute. Here is the link to the news report: http://www.youtube.com/watch?v=hFQzxY2Mlxo. The new owner of the land put up ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Short Sales 94531 Short Sales have become the dominate part of the market. You cannot ignore what is going on with Short Sales. This report looks at Single Family Homes that are Short Sales 94531 - Parts of Antioch California by comparing the Active Market to the Pending Short Sale Market and the Short Sales for the last two months. There are 93 Active Short Sales 94531 on the market now with an average asking price of $241,697.00 and a median price of $234,500.00. These Short Sale Homes are listed at an average or $109.00 per SF and have been on the market an average of 59 days. In September 18 Short Sales 94531 closed escrow with an average price of $240,204.00 and a median price of $237,500.00. The average price per SF on the Short Sales was $110.00 and the homes were on the market f...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Short Sales 94509 Short Sales have become the dominate part of the market. You cannot ignore what is going on with Short Sales. This report looks at Single Family Homes that are Short Sales 94509 - Parts of Antioch California by comparing the Active Market to the Pending Short Sale Market and the Short Sales for the last two months. There are 75 Active Short Sales 94509 on the market now with an average asking price of $173,874.00 and a median price of $164,900.00. These Short Sale Homes are listed at an average or $108.00 per SF and have been on the market an average of 60 days. In September 11 Short Sales 94509 closed escrow with an average price of $158,863.00 and a median price of $170,000.00. The average price per SF on the Short Sales was $97.00 and the homes were on the market fo...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - The Stop Foreclosure Institute recently received a question from James. “My loan was just sold. I was making payments to CitiFinancial and they sold it to Nationstar. Is that good or bad?” James asked. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Here is the answer. It’s neither good nor bad. In fact, I don’t think your loan was sold. You see, most loans were packaged up and sold to Fannie Mae, Freddie Mac, or Wall Street. James’s loan was more than likely packaged up and sold off. I asked him who his original lender was. He said it was a company called First Magnus. (First Magnus declared bankruptcy in 2007 and was afterwards closed.) The Stop Foreclosure Institute has negotiated short sales on loans that were o...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - I'm sure you have heard about forensic loan audits. I've heard people say how wonderful they are. "Your lender will approve your short sale right away", claims one. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. An agent told me a story about forensic loan audits. He worked with a woman who was trying to short sales 3 houses. He knew they were short sales and was glad to list them for sale. There was a guy involved who was supposed to be doing all the "negotiating" with the lender. Little did this agent know this guy was trying to flip the houses. This guy had a forensic loan audit done. He claims he paid foreclosure defense lawyers out of his own pocket. He did all this stuff in an attempt to force the lender to a...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - Yesterday I gave you a good example of why you should "escalate" a short sale file. The Stop Foreclosure Institute took a short sale that wasn't going to be approved, pushed for an approval, and received it. As a result a homeowner avoided foreclosure, a buyer was able to buy the home they wanted, the bank reduced their losses, and we made a little money. There are a few problems you may run into when you attempt to escalate a file. Sometimes the negotiator won't give you their supervisor's info. They won't order a new appraisal or help you out. Most people would be at a dead end. Here is how to get their supervisor's contact info. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Call the lender's short sale 800 num...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Homes for Sale 94531 The Market Report looks at Single Family Homes for Sale 94531, which is parts of Antioch California by comparing the current market with sales for the last two months. Right now there are 185 Homes for Sale 94531 with an average asking price of $253,077.00 and a median price of $239,900.00. The average asking price per SF is $113.00 and the homes have spent an average of 62 days on the market. In September 54 Homes for Sale 94531 sold for an average price of $260,324.00 and a median price of $252,500.00. This is an average price per SF of $111.00 and the homes were on the market for an average of 30 days. In October 47 Homes for Sale 94531 sold for an average price of $239,304.00 and a median price of $225,000.00. This is an average sold price of $116.00 per SF and ...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Homes for Sale 94509 The Market Report looks at Single Family Homes for Sale 94509, which is parts of Antioch California by comparing the current market with sales for the last two months. Right now there are 197 Homes for Sale 94509 with an average asking price of $187,203.00 and a median price of $180,000.00. The average asking price per SF is $112.00 and the homes have spent an average of 54 days on the market. In September 57 Homes for Sale 94509 sold for an average price of $172,844.00 and a median price of $165,000.00. This is an average price per SF of $108.00 and the homes were on the market for an average of 36 days. In October 64 Homes for Sale 94509 sold for an average price of $175,108.00 and a median price of $175,500.00. This is an average sold price of $110.00 per SF and ...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - First, it benefits the owner of the loan. This is because they get to sell the house at today's price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings. All of the listings were similar properties in similar neighborhoods. First, I looked up the average selling price per SQFT of homes that sold in Spring. They sold for an average of $103 a SQFT. Then, I pulled up homes in the same neighborhoods that sold as REOs in the last 2 months. They were sold for an average of $98 a SQFT. These homes average 3,000 SQFT. That means a 3,000 SQFt REO sold for $15,000 less. Ouch! Discover how other sellers successfully did a short sale and request a free consultation by clicking here. The other person that's getting value is the ...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - The Stop Foreclosure Institute received another testimonial from a seller. She said a lot of stuff and it refreshed my memory. The average person just doesn't realize how "going broke" makes people feel like trash. People start doubting themselves. They keep on kicking themselves down mentally. "Why did I buy that house?" "Why didn't I work harder at my job, so I wouldn't get laid off?" Why did I get laid off, and not Joe?", they say to themselves. "I am such a loser and I can't find a decent job anymore!" Discover how other sellers successfully did a short sale and request a free consultation by clicking here. They start thinking all of this stuff. Then, they start getting a lot of mean people calling the house. People such a bill collectors, debt collectors, and their mor...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Dave to protect his identity. (Foreclosure is embarrassing and I don't want to put his name out there.) Dave asked, "I haven't made a house payment in a while. I'm just wondering how much longer it will be before I have to move out?" Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Most people in foreclosure are at a disadvantage because they how the process works. Here is the answer to his question. It all depends what on the state he is located in and whether or not his lender has started the foreclosure process. So the first thing you should do is find out if the foreclosure has been started. You can do t...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Investment Properties 94509 94531 Investment Properties 94509 94531 - Antioch California are some of the best opportunities for investors in California. Antioch California lies in the Sacramento-San Joaquin Delta where they two rivers come together and flow towards the San Francisco Bay. Homes in this community are affordable but get good rents for the money. Antioch is the largest community in East Contra Costa County and is the center of commerce and business in East Contra Costa County Investment Properties 94509 94531 are in demand for these reasons and more. Right now with prices and interest rates low it is time for Investors to buy Investment Properties 94509 94531 - Antioch California. For the first time Investor there are a number of fine Single Family Homes, Condos, Townhomes,...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - "The only thing certain in life is death and taxes - Benjamin Franklin"][/caption] The Stop Foreclosure Institute recently received a question from a homeowner facing foreclosure. I'll call him Peter to protect his identity. (Foreclosure is embarrassing and I don't want to put his name out there.) Peter asked, "I am six months behind on my mortgage payments. I just got the tax bill for 2010 in the mail. Should I pay it?" He continued, "What will happen if I don't pay it? Will my house be auctioned to pay the taxes?" Discover how other sellers successfully did a short sale and request a free consultation by clicking here. Here is the answer to Peter's Question. It all depends on what his plans are and how tight he is on money. Most people in Peter situation fall into one of ...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - Should you walk away or should you stay? Here is how to determine whether or not you should walk away from your home. Because of the decline in the nationwide housing market, I doubt that your home is worth what you paid for it. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. First, determine the current market value of your home. Talk to a realtor. They will give you a market analysis, based on what other homes similar to yours are selling for. For example, we recently helped a home seller who had paid around $700,000 for his home. We thought the home was worth about $400,000. His mortgage payment was a little over $4500 a month. When you add in the property taxes and insurance his total monthly payment was around ...
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - Many people don't think they are eligible for a short sale because they have unpaid homeowner's association dues. Don't worry about paying them yourself. When you short sale your home the association dues will be paid by your lender. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. A homeowner's association is a very small percentage of the overall short sale value. Lenders know that a short sale will net them substantially more money than a foreclosure. I had an example in the post below. I showed a house that received a $119,900 short sale offer. The lender rejected that offer. The home was foreclosed on and sold for $96,400. That means that lender lost $23,500 by rejecting that short sale offer. The short sale len...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Search MLS Homes 94509 94531 This is a direct feed from the MLS to Search MLS Homes in Antioch California 94509 or 94531. You may Search MLS Homes and sign up for auto-notification of new homes coming onto the market and price changes. Search MLS Homes in other areas too. Antioch California is a dynamic community with many fine homes and featuring easy access to East Contra Costa County, Central Contra Costa County and beyond. Antioch 94509 94531 in East Contra Costa County is a Water Sports Paradise featuring Boating, Swimming, Fishing and more. Search MLS Homes 94509 or 94531 to see some of the great values in this area.
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By Shonn Thompson, Experience and Results To Move You!
(Thompson Realty Group)
Antioch CA - Yesterday's post talked about how banks lose money when they turn down short sale offers. A recent study by Boston Consulting Group showed that a lender will net 20% more money on a short sale versus a foreclosure. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. The reason is because short sales usually sell for more money than a foreclosure. A short sale is usually in good shape, while a foreclosure is usually in disrepair. Most economic experts say housing is the biggest drag in today's economy. Every single foreclosure that sells for less money drags the rest of the housing market down. Homeowners often move out after they stop paying. The yard becomes overgrown. This drags the resale value down. In addition a fo...
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By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Hallelujah Night! Every year Cornerstone Christian Center in Antioch California has Hallelujah Night Celebration on October 31.  There are rides, food, fun, shows.  In the past they have had a petting zoo and Bouncy Houses.  One of the most fun parts of Hallelujah Nights is Trunk or Treat!  The parking lot will be lined with cars all decorated and the kids can go by the cars and Trunk or Treat for candy.  As my kids have found it is much quicker to go from car to car than from house to house.  You are also allowed to go around the cars as many times as you want. Cornerstone Christian Center has generally asked participants to donate a bag of candy when they show up; but I don't think anyone is turned away.  Candy has been collected at the church for weeks in anticipation. Hallelujah Nig...
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