Foreclosures & Short Sales

This category contains 22 posts

Bank of America Makes a Huge Move : Principal Forgiveness

Bank of America announced today that it will introduce “principal forgiveness” program designed to help some troubled mortgage borrowers relief from the possibility of foreclosure.  The program will look to reduce loan balances of qualifying distressed homeowners with adjustable rate mortgages or subprime loans in an effort to make their payments more affordable.  The homeowners [...]

So Much for the Move-Up Tax Credit

There is so much mixed feelings about the market right now.  In the Berkeley and surrounding areas, one street is seeing multiple offers and the next isn’t.  The number of foreclosures has gone down drastically, although most buyers think there are buckets of bank-owned homes ready to come on the market.  I don’t think this is the [...]

FHA-Backed 203(k) Rehab Loans Can Make All The Difference.

FHA rehab what? You mean there are still loans available to help fix up a house? S-WEET!Here is the scoop: The FHA-backed 203(k) rehab loan is an increasingly popular option in today’s market because so many available properties, especially foreclosures, are in need of repair. And let me tell you, I have been in plenty [...]

How To Buy A Foreclosure

This is worth a chuckle:
http://www.youtube.com/watch?v=SM7oWKgCVo4

Foreclosure Update

The number of mortgage default notices filed against California homeowners fell last quarter compared with the prior three-month period, the result of lenders’ evolving foreclosure policies, an uncertain legislative environment and an uptick in the number of mortgages being renegotiated, a real estate information service reported.
“It may well be that lenders have intentionally slowed down [...]

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A minute in the life of Berkeley Real Estate Agent and Business Coach, Krista Miller. Hold on tight and check back often! The real estate market in the East Bay is movin’ and shakin’ and will surely keep you on your toes…

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