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Has the Time Come to Get a Smokin’ Hot Deal on a Short Sale? – Short Sales Ventura CA

by garyandlisa April 7, 2011 Short Sales

Is it possible that the time has finally come for investors to buy short sales and get smokin’ deals? Over the past year or two, it has become increasingly more difficult for investors to purchase short sales for cents on the dollar. Banks see the properties listed for short sale as pristine and scarcely want …

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Wells Survey: Americans Still Respect Their Mortgage Obligation – Ventura Real Estate

by garyandlisa April 6, 2011 Short Sales

“Has our moral fiber decreased as a result of this crisis?” Zakrajsek asked. “I would say the answer is no.”

In addition to their sense of obligation to pay, the majority of respondents still believe buying a home is a good investment and part of the so called “American Dream of Home Ownership.”

via nationalmortgagenews.com

We agree! …

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Government Programs not Having a Huge Impact on Short Sales: Ventura Short Sales

by garyandlisa April 3, 2011 Short Sales

About a year ago, the Obama administration launched two new prongs of its foreclosure-prevention effort, trying to crack two of the toughest problems that have emerged from the foreclosure crisis.

Neither has had much of an impact, according to data released Friday by the Treasury Department.

One piece was designed to help modify second mortgages such as …

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JPMorgan Refuses Loan Modifications for Those Who Can Make the Payments: Ventura Real Estate

by garyandlisa April 3, 2011 Sellers

WASHINGTON (CNNMoney) — The head of JPMorgan Chase said Wednesday that banks would not consider writing down mortgages for homeowners who can make payments, an idea at the center of talks aimed at fixing the mortgage mess.

“Principal writedown for people who could pay their mortgages? Yeah, that’s off the table,” JPMorgan Chase (JPM, Fortune …

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New California Law offers Relief from Deficiency Balances

by garyandlisa January 22, 2011 Legal Updates

Image via Wikipedia

If you have been resisting a short sale on your home out of concern that the bank will come after you for the deficiency, you are not alone!  SB 931, effective January 1, 2011, will resolve that issue for many California homeowners.

With passage of SB 931, after the short sale of a …

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J.P. Morgan Chase to stop foreclosures

by garyandlisa October 1, 2010 Real Estate News - Hot topics

Image by Getty Images via @daylife

Have you heard the buzz about Chase Bank stopping Foreclosure?

Since we received more than one phone call yesterday asking what we had heard about Chase Bank stopping foreclosures, we are posting this information for your review.  We have pulled information from several sources.  It appears to be immediately affecting judicial …

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10 Market Facts for Uncertain Times

by garyandlisa September 14, 2010 Buyers

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10 Market Facts for Uncertain Times

September 2010

Although the economy is soft and consumer confidence remains low, new data from the National Association of REALTORS® shows positive signs for the future. To help REALTORS® interpret current economic data and address clients’ concerns, here are 10 key facts to understand about today’s …

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Ventura Real Estate: Don’t Be Afraid of a Short Sale!

by garyandlisa September 14, 2010 Short Sales

Download now or watch on posterous

Ventura_Real_Estate-_Don’t_Be_Afraid_of_a_Short_Sale!.mp4 (5181 KB)

Ventura Real Estate:  Short Sales require some patience and a willingness to fix the small stuff yourself, but they can be done and there are some great values in the short sale market.

Posted via email from venturarealestateexpert’s posterous

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