Looking For A Realtor To Market Your REOs?
Sat, 29/11/08 – 19:07 | No Comment

As a previous Asset Manager, I’ve managed hundreds of assets in my inventory. I have a working knowledge of REO Policies, Procedures and Practices. Benefit from the hands on corporate REO experience and knowledge I have gained by having the unique advantage of being exposed to this dynamic industry from both sides of the perspective . . . As an REO Asset Manager and as an REO Agent. (909) 476-9600

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Agent’s Advice

Find articles covering topics of interest to buyers, sellers, investors and real estate professionals, an authoritative source on, market conditions, the economy, business trends, technology, real estate and financial news.

Foreclosure/REO

REO is an abbreviation for a Real Estate Owned property. REOs and FORECLOSUREs are not the same thing. However, an REO is only produced as a result of a foreclosure where the lender has repossessed the property to re-sell.

Local Interest

Welcome to So California’s Inland Empire; Known as “The IE,” to locals. Find local and regional news, market conditions, and homes for sale; stay informed about issues that affect the San Bernardino / Riverside county economy.

Loss Mitigation

Loss Mitigation is used to describe a third party assisting in the process of negotiation between a homeowner and their lender. Loss Mitigation works to negotiate terms for the homeowner that prevents foreclosure.

Short Sales

A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff less than the balance due on the loan typically executed to prevent foreclosure, but may or may not involve a property in foreclosure.

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Articles in General Interest

$234,900 – 32395 Windemere Dr
Friday, 16 Oct, 2009 – 12:57 | No Comment
$234,900 – 32395 Windemere Dr

Bedrooms: 
4
Bathrooms: 
3

Square Foot: 
3,242
Garage: 
3

Lot Size: 
8,276 sq.ft.
County: 
Western Riverside

Property Type: 
Single Family Detached
Year Built: 
2004

MLS Number: 
C09102595

Property Description

Four spacious bedrooms, 3 bathrooms, over 3200 square SF. Create the perfect environment for your family holiday gatherings around the cozy fireplace in the heart …

Google’s New Real Estate Search
Sunday, 30 Aug, 2009 – 16:26 | No Comment
Google’s New Real Estate Search

Google has announced an improved home search that has been integrated into their Google Maps service. Here is a list of some of the features:

Typing in a query like ‘REO Homes for Sale in Rancho …

New Modification Assistance for FHA Borrowers
Thursday, 6 Aug, 2009 – 1:42 | No Comment
New Modification Assistance for FHA Borrowers

Recently, HUD passed new guidelines allowing FHA borrowers to cut down their monthly payments on their mortgage through a Making Home Affordable loan modification program starting August 15th. Prior to this, homeowners struggling to make …

Protect Against Long-Term Injury Killing You Financially
Thursday, 8 Jan, 2009 – 13:14 | No Comment
Protect Against Long-Term Injury Killing You Financially

Some interesting statistics I found on the Internet:

13% of Americans will die before age 65
28% of Americans will face a long-term disability before age 65 and be unable to work and/or earn an income

Despite these …

Dos and Don’ts of Foreclosure
Tuesday, 25 Nov, 2008 – 21:27 | No Comment
Dos and Don’ts of Foreclosure

If you are in the midst of a foreclosure, it’s imperative that you know the Dos and Don’ts.  Freddie Mac has a thorough list on their Freddie Mac website ; DON’T fall victim to a scam.  …

President-Elect Barack Obama
Monday, 10 Nov, 2008 – 18:32 | No Comment
President-Elect Barack Obama

Pinch Me …a message from Michael Moore
Wednesday, November 5th, 2008
Friends,
Who among us is not at a loss for words? Tears pour out. Tears of joy. Tears of relief. A stunning, whopping landslide of hope in …

FORECLOSURE FRAUD: Freddie Mac Warns Borrowers With Video Dramatization On YouTube
Wednesday, 2 Jan, 2008 – 0:17 | No Comment

Can a video posted to YouTube™ keep troubled borrowers from losing their homes to foreclosure scam artists? Knowing that one-in-four delinquent borrowers visit the Internet looking for foreclosure help and assistance, Freddie Mac*, one of …

Foreclosure 101
Tuesday, 1 Jan, 2008 – 23:58 | No Comment

There is nothing more heartbreaking than the devastation of a family losing a home to Foreclosure. Unfortunately, Foreclosure has become a national epidemic and thousands of homeowners lose their homes every year to the Foreclosure …

What Are Your Options?
Tuesday, 1 Jan, 2008 – 23:49 | No Comment

What are your options? I’m glad you asked!

Remember Information is Knowledge and Knowledge is Power.
We are providing you with as much information on this site as we can so that you can make an educated …

Time Is Of The Essence!
Tuesday, 1 Jan, 2008 – 23:42 | No Comment

Everyone Keeps Saying Time Is Of The Essence, Just How Much Time Do I Have Once They File The Notice of Default?

If you haven’t contacted someone to assist you, call your Lender, Call us – …

Foreclosure FAQ
Tuesday, 1 Jan, 2008 – 23:37 | No Comment

In assisting our Foreclosure clients over the years, we have come across some Frequently Asked Questions. Take a look at this useful information!
 

 

Mortgage Forgiveness Act Signed into Law
Monday, 31 Dec, 2007 – 0:26 | No Comment

Yesterday, President Bush signed H.R. 3648, The Mortgage Forgiveness Act of 2007, into law, sparing homeowners the tax burden associated with canceled mortgage debt.
Prior to this action, forgiven mortgage debt due to foreclosure, short sale, …

Legistlative Update
Tuesday, 11 Dec, 2007 – 23:35 | No Comment

H.R. 3915
The Mortgage Reform and
Anti-Predatory Lending Act of 2007

Pending legislation that affects the mortgage industry.
Yesterday H.R. 3915 went to the floor of the House for final debate and vote. The House passed the bill by …

Trapped by House Payments You Can’t Afford?
Monday, 1 Oct, 2007 – 18:21 | No Comment

Interest Only, Stated Income, Option ARMS and all the other easy-to-obtain band-aid mortgages loans of the once-booming housing market, have placed some homeowners in an extremely critical position. They need stitches to close the huge …

Foreclosures rise more than 300 percent in the two-county Inland region
Tuesday, 25 Sep, 2007 – 13:25 | No Comment

The Inland Empire homeowners are losing their homes at an alarming rate due to risky subprime mortgages. Take a look at this article from Knight Ridder Tribune Business News.
Click Here

2007 Five Star Default Servicing Conference & Expo
Monday, 17 Sep, 2007 – 23:02 | No Comment

I just returned from the Annual Five Star Default Servicing Conference and Expo in Dallas last week. It was an incredible education and networking event and was attended by Loan Servicers, Loss Mitigation professionals, Auction …

Current List of Banks In Crisis
Sunday, 9 Sep, 2007 – 1:56 | No Comment

Due to the current foreclosure situation, many banks have either ceased operations or have been forced to drastically cut back on staff and programs. Here we have a current list of all of the banks …

Notice of Default
Thursday, 6 Sep, 2007 – 22:54 | No Comment

You just got an official looking notice in the mail that looks like this-
The foreclosure process begins after several months of the borrowers missed mortgage payments. Often because of little or no communication with the …

What is a BPO And Why You Should Send Them Our Way?
Thursday, 6 Sep, 2007 – 22:36 | No Comment

What is a BPO And Why You Should Send Them Our Way?
This is the acronym for Broker’s Price Opinion, a term that refers to an evaluation report of a residential property that is usually conducted …