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  • Behind on House Payments? Facing Foreclosure?

    What should you do if you are getting those calls and letters from your loan company because you are late on your house payments? Believe me, you are not alone! Here are some ideas to help you figure out what to do next...   First, don't panic, but act now. Take control by starting to act and plan. The thought of losing your home is ...
    Posted to Market Update (Weblog) by 278262 on December 8, 2009
  • Avoid Foreclosure

    Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If they think back to when they first bought that home, losing their home was probably the furthest thing from their mind. Few home owners actually plan to go into foreclosure.Reasons For Pending ForeclosureApart from those who knowingly ...
    Posted to Market Update (Weblog) by 278262 on July 26, 2009
  • New 90 Day Foreclosure Rule in California

    Recent news headlines have caused confusion by mischaracterizing the new California Foreclosure Prevention Act as a 90-day moratorium and incorrectly stating that the lender must modify delinquent loans before it begins foreclosure. In reality, the foreclosure process for certain owner-occupied residential first trust deeds has been extended by 90 ...
    Posted to Market Update (Weblog) by 278262 on June 17, 2009
  • HOMEOWNERS BEWARE: Foreclosure Rescue Scams

    Brought to you by your Realtor®, Liane Thomas, and the California Association of Realtors® With the recent rise in foreclosures, foreclosure-related scams have exploded onto the real estate scene. These so-called “foreclosure rescue companies” claim they will help save your home, but in reality are out to make a profit -- at ...
    Posted to Market Update (Weblog) by 278262 on June 11, 2009
  • Local REALTOR(R) Earns Prestigious Designation to Help Homeowners In Danger of Foreclosure

    Liane Thomas of The Thomas Group, Keller Williams Realty in Corona Ca. has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the ...
    Posted to Market Update (Weblog) by 278262 on June 9, 2009
  • Home Sales Jump ~ April 2009

    Pending US Home Sales Surge Pending US home sales skyrocketed to their highest number in 7 years, a sure sign that the bottom is forming and that bargain seekers have arrived.  The National Association of Realtors reported that its seasonally adjusted index of sales contracts signed (the Pending Home Sales Index) jumped 6.7% to 90.3, well ...
    Posted to Market Update (Weblog) by 278262 on June 2, 2009
  • CALIFORNIA HOMEOWNERS ARE BEING TARGETED BY CON ARTISTS OFFERING FORECLOSURE ASSISTANCE

    CALIFORNIA HOMEOWNERS ARE BEING TARGETED BY CON ARTISTS OFFERING FORECLOSURE ASSISTANCE The U.S. Department of Housing and Urban Development (HUD) has issued a warning that California homeowners are increasingly becoming the target of con artists trying to loot families of their bank accounts with phony promises to avoid foreclosure. HUD ...
    Posted to Market Update (Weblog) by 278262 on April 26, 2009
  • Are we near the bottom of the housing crisis? Freddie Mac says "YES"!

    Freddie Mac says housing sales are near bottom Frank Nothaft, chief economist of Freddie Mac, said on Saturday that housing sales are nearing a bottom, with foreclosures accounting for a third of all sales.  But you knew there's a "but" coming, right?  Yup...Nothaft added that unemployment and house price declines will ...
    Posted to Market Update (Weblog) by 278262 on April 20, 2009
  • What is a Short Sale and do I want one?

    A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure. For example: A homeowner, who is facing foreclosure, has an existing first mortgage of $500,000. The market value of the home is $350,000. Long story short, the lender accepts the offer for $350,000 and the home is sold.  That's a short ...
    Posted to Market Update (Weblog) by 278262 on December 26, 2008
  • Get Paid Up To $7500 For Buying A House!

    Did you know that a law was just passed that would help many home owners avoid foreclosure? Called the Housing and Economic Recovery Act of 2008, this is one of the boldest and broadest pieces of legislation related to the real estate market since the great depression. As part of this law, the government will give you a tax ...
    Posted to Market Update (Weblog) by 278262 on August 15, 2008