What does Notice of Default mean for Riverside county home owners?
So you’re a homeowner in Riverside county that hasn’t made your payments in a while. You’ve been trying to decide what steps to take next. Riverside county have a few options: Loan Modification Short Sale Deed in Liu of Foreclosure As you, the Riverside county home owner ponders over your option you received a NOTICE OF DEFAULT from your lender. So what does that mean? Is it...
Read MoreWe are going statewide: Now Serving Northern and Southern California
Alternative2Foreclosure.com is going statewide! It has been our pleasure to serve the Northern California Short Sale market for the past several years. Now our team is growing. Jeff Green and Jeff Reyes have recently joined Allison James Estates and Homes which is a statewide brokerage. Our team will include agents in Orange County, San Diego County, Riverside County and Los Angeles County...
Read MoreWhat to do after a Short Sale
If you have just completed a short sale one of the big questions that is probably on your mind is, when can I buy a house again? How do I prepare myself to purchase my next home? Some people they feel really good after a short sale because they are taking break from home ownership. Perhaps they are paying less in rent than they did with their high cost mortgage which was based on the market of...
Read MoreJeff Green Quoted in Modesto Bee
Traditional transactions typically involve a buyer and seller, but short sales add a third party — the investor behind a bank, whose terms must be met as well, said Jeff Green of Modesto’s PMZ Real Estate. About 95 percent of his business is short sales, and he trains PMZ agents in that discipline. Short sales can be tricky, Green said, because “sometimes an investor’s...
Read MoreShortening the Short Sale – How to Create a Win-Win Situation for Everyone Involved – How this affects Stockton and Modesto
In today’s complex housing market, real estate agents are handling an increasing volume of short sales. While many agents view short sales as a win-win for both homeowner and buyer, they can cause many complications if not properly understood and executed. Since there is no provision in the mortgage agreement for a short sale, the primary lien holder—the mortgage servicer—must approve the...
Read MoreBank of America to resume foreclosures – Impact on Stockton and Modesto
Bank of America said Friday it was ending its hiatus on foreclosure sales, and promised to get its act together after a series of sloppy home seizures prompted the bank to back off and re-examine its process. “We have identified areas of our process that can be improved and while we make these improvements, it’s important that we move ahead with efforts to reduce the number of...
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