Looking For A Realtor To Market Your REOs?
Sat, 29/11/08 – 19:07 | One Comment

Looking for a dedicated, experienced team of Real Estate professionals to aggressively market your non-performing assets in this area? Don’t just settle for an Agent!

It’s time to utilize the creative and innovative marketing techniques of an EXECUTIVE, a REALTY EXECUTIVE, to minimize credit losses and increase your company’s profitability. Contact us by email or call us directly at (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.

Video »

Our Inland Empire is Known as Foreclosure Alley

This video report is from our Southern California KCET’s SoCal Local Connected blog.  It pointedly illustrates the impact of the foreclosures affecting our Southern California’s Inland Empire community. 

“Foreclosure is becoming a way of life in California with repossessed homes now dominating the real estate market.  One in every two homes sold last month in Southern California had been repossessed,” host Val Zavala recites in the story’s introduction. “Or to look at it another way, 700 families lose their homes every day.  One of the hardest hit areas is the Inland Empire.”

The story begins with a crew that removes everything left behind in recently foreclosed homes.  Families whose dreams of home ownership have become a nightmare leave behind pieces of that dream, including big-screen televisions, computers, furnishings, clothes, toys and family photos. The owner of the company that does these Trash Outs, as they have come to be known, says he has found everything from birth certificates to an urn with someone’s remains in homes that his company has Trashed Out.

The business owner says his business has grown from three employees a few years ago to 73 employees today; His company now cleans out an average of 15 foreclosed homes a day. He say he tries to donate things of value, but has trouble coordinating the donations and since he cannot leave anything behind, even valuable items often get thrown away.

The video also touches on a new practice of spray painting brown lawns green outside foreclosed houses, a family that is the lone holdout on a suburban cul de sac filled with Foreclosures and Short Sales, and finally two code enforcement officers who drain an abandoned pool of stagnant green water to discourage it from becoming an issue for mosquito breeding and West Nile virus.

Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales
Thu, 11/02/10 – 0:35 | No Comment
Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales

Take a look at this video.  Has the FDIC been conducting one of the biggest transfers of wealth in history right before our eyes?  This would be a blatant slap in the face of every borrower …

Special Homepath Financing On Certain Homes
Thu, 12/02/09 – 16:18 | No Comment
Special Homepath Financing On Certain Homes

 Did you know . . . Fannie Mae is offering special financing when you buy one of their bank owned homes! 
This special financing is available on Fannie Mae homes with this logo:
How does this …

Freddie Mac Extends Eviction, Launches Rental Option For Foreclosed Borrowers
Sun, 1/02/09 – 5:38 | No Comment
Freddie Mac Extends Eviction, Launches Rental Option For Foreclosed Borrowers

McLean, VA – Freddie Mac (NYSE: FRE) today announced it is extending its suspension of evictions triggered by foreclosures on single family properties with Freddie Mac-owned mortgages through February 28, 2009. Freddie Mac is simultaneously …

Protect Against Long-Term Injury Killing You Financially
Thu, 8/01/09 – 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 …

Fannie Mae and Freddie Mac Change the Appraisal Process
Wed, 7/01/09 – 23:36 | No Comment
Fannie Mae and Freddie Mac Change the Appraisal Process

Freddie Mac and Fannie Mae will implement a revised Home Valuation Code of Conduct beginning May 1, 2009. In an attempt to increase the reliability of appraisals, the revised code builds on existing seller-servicer guidelines …

Buy a HomeSteps Home and Save!
Sun, 14/12/08 – 22:33 | No Comment
Buy a HomeSteps Home and Save!

Attention Prospective HomeBuyers
HomeSteps will pay up to 3.5%** Buyers Closing Cost Offer
 
Buy a HomeSteps Home and save! HomeSteps will pay up to 3.5%** of the purchase price in closing costs for all offers …

Pointed In The Right Direction
Thu, 4/12/08 – 13:36 | No Comment
Pointed In The Right Direction

Seven of the top sixteen metropolitan areas with the highest rates of foreclosures in the nation are in California, according to the latest data from RealtyTrac. In the Stockton, Riverside/San Bernardino, Sacramento, Bakersfield, Oakland, Fresno …

A Thanksgiving Treat from the Fed
Wed, 26/11/08 – 7:56 | No Comment
A Thanksgiving Treat from the Fed

Happy Thanksgiving – Mortgage Rates Plunge . . . Finally, some good news for the mortgage industry! In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they …

Dos and Don’ts of Foreclosure
Tue, 25/11/08 – 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.  …

The Gift of Hope For the Holidays!
Sat, 22/11/08 – 9:19 | No Comment
The Gift of Hope For the Holidays!

That’s what Fannie Mae and Freddie Mac have given Millions of homeowners by Suspending Foreclosures Until January 2009.  By halting evictions, the mortgage giants get time to implement a recent rescue plan.
Read more about it …