Taking the hit-or-miss out of a short sale
Washington Post The federal government’s Home Affordable Foreclosure Alternatives program, or HAFA, announced in April, may actually achieve some success where its predecessors have failed. What HAFA will not do is keep homeowners in their homes. It’s designed to make the process for getting out of an unaffordable home, without going through foreclosure, more predictable and efficient...
Read MoreShould I invest in the Central Valley?
Many people are now wondering if it is the right time to invest in our community. With very low property values, historically low interest rates and the volatility of the stock market, many savvy investors are starting to look in their own backyards for investments. But is investing in Manteca, Lathrop, Ripon or any community in our valley worth it? Abraham Lincoln once said, “Property is...
Read MoreCalifornia’s Foreclosure Activity Drops Across the Board: Report
DSNEWS.COM BY: CARRIE BAY Foreclosure activity in California is beginning to trend downward. The locally-based tracking firm ForeclosureRadar says its statistics dropped last month for every stage of the foreclosure process – with new defaults falling more than 17 percent. It’s the second straight month that the company has recorded across-the-board declines. Filings at each step of...
Read MoreSan Joaquin County Real Estate Market at a glance
Sales Statistics for SAN JOAQUIN County CA Realist’s most recent sale date for this county is 06/16/2010 Single Family Residence Time Period Number of Sales Median Sale Price May 2010 895 $185,000 May 2009 1,025 $166,500 Apr 2010 840 $175,000 Apr 2009 1,144 $153,000 2010 YTD 4,497 $178,000 2009 11,890 $168,000 Condominium Time Period Number of...
Read MoreDenied for Federal Mortgage Aid, Homeowners Seek Alternatives
By Stella M. HopkinsRISMEDIA, June 18, 2010–(MCT)–Allison Rinehart’s best hope for saving her home isn’t the massive federal effort to stem foreclosures. She’s been denied, possibly in error, for that plan so she’s banking on an alternative mortgage modification to keep her Charlotte townhouse. “This is the only thing my daughter and I have,” said...
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