Why would mortgage servicers rather foreclose than modify?

Because it is more profitable!  The companies servicing loans typically will make more money foreclosing on a loan versus modifying it; giving the servicers very little incentive to help out owners. ... Continue reading...

Stockton’s average price per square foot down to $97 in September!

The average price per square foot in Stockton has fallen to $97.  This compares to $176 a square foot last year at the same time. The trend is not looking positive as more REO inventory is expected. ... Continue reading...

Hold on folks it may be a bumpy ride!

I am attending REOMAC – a conference for lenders, mortgage servicers, title and real estate professionals involved in selling bank owned properties.  Very enlightening.  General consensus is that we... Continue reading...

New wave of foreclosed properties set to hit market in October

The housing bill did away with Buyer’s Assistance Programs effective 10/1/08. As a result, the bank asset managers were focusing on closing pending transactions in September and let the processing of... Continue reading...

Green Lawns for Everyone…

Check out this story on how the city of Stockton is paying Nick Terlouw to paint abandoned homes…  well, not the homes but the lawns of the homes….Green.  It adds curb appeal, and makes the... Continue reading...

Stockton Ranks Number One…

According to RealtyTrac, Stockton, California reported the highest foreclosure rate among the nation’s 100 largest metro areas from Jan to Jun 2007, according to RealtyTrac, an online marketplace for... Continue reading...

California home sales increase from August 2007 to 2008. Good or bad news?

California homes sales from from August 2007 to 2008 are up, which could be viewed as positive except the number of “organic” sales as a percentage of total sales is decreasing. Link to a... Continue reading...

Option ARM defaults may provide the next wave of foreclosures!

Check this out, Very Pertinant!!  Read More →

Interest rates are at the lowest level since May!

Check out this exciting article on Interest Rates!!  Read More →

Stockton Real Estate Market Report for June 2008 is up!

And it might contain some good news for buyers!! Stockton is an exciting market and this month has beeen no exception. Scroll to the bottom of our homepage at homes-in-stockton.com to get the latest... Continue reading...

Active Brookside Listings as of 6/8/2008

5704 Saint Andrews Dr Stockton, CA 95219-1929 $2,995,000 4673 Pine Valley Cir Stockton, CA 95219-1878 $2,389,000 3626 Gleneagles Dr Stockton, CA 95219-1824 $1,695,000 5117 Spanish Bay Cir Stockton, CA... Continue reading...

Alt-A Delinquencies Soar

The higher quality Alt-A mortgages appear to be heading down the same path as the subprime. Will this bubble be the next to burst? Mr. Mortgage has a great video providing an overview of the Alt-A market. Check... Continue reading...

Short sale opportunities

There are opportunities to purchase homes at value prices through the short sale process. Unfortunately the mortgage servicers are making the process in some cases a REAL challenge. The benefit to the... Continue reading...

Investors NOW may be the time to buy!

As more individuals loose their homes to foreclosure the demand for rental properties is increasing. We have already seen significant increases in demand and rents are heading up. I expect this trend... Continue reading...

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