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November 2010 - Posts

Monday, November 29, 2010 5:36 AM

Stockton Homebuyers, How to Take the Stress out of Buying a New Home

The Stockton and Lodi real estate market is stressful and buying a home is stressful in general. There are two very different kinds of requirements that home buyers have in the home buying process. First there are the logistics, finding a home that fulfills
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 6 Comments
Saturday, November 27, 2010 2:21 PM

2 Story For Sale in Weston Ranch

Meticulous Home • 2,399 sq. ft., 3 bath, 4 bdrm 2 story "amazing Floor Plan" - MLS® $146,000 - Discounted Price Weston Ranch, Stockton - The owners have spared no detail in this tastefully decorated 4 Bedroom 3 bath 2 story home: featuring
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Saturday, November 27, 2010 10:06 AM

Short Sales, Foreclosures and the Shadow Inventory of Homes for Sale

There are a relatively large number of homes in foreclosure that are known as the shadow inventory of unlisted bank-owned homes and potential foreclosures have increased to 2.1 million homes which have increased by more than 10% from one year previously,
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Wednesday, November 24, 2010 5:54 AM

How to Choose a Lender and Todays Interest Rates for Home Loans

Shopping for a mortgage can be one of the most important steps in the home buying process for. How do you choose the best type of mortgage and lender? Most people believe it is the interest rate and other fees, but there are other factors to consider.
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Wednesday, November 24, 2010 5:22 AM

Successful Stockton and Lodi Short Sales

Foreclosure should be your last resort: California Foreclosure Time Line . Are you a home owner facing foreclosure or in the foreclosure process? We may be able to help you through a Short Sale. A Short Sale occurs when the homeowner is selling a home
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Monday, November 22, 2010 6:36 AM

Affects of a Short Sale or Foreclosure on Credit Scores and Qualifying for a New Home

How is the Seller’s Credit Affected? Sellers will take a larger decrease in their credit score by with a foreclosure. On a FICO score (the formula used to assess a borrower’s risk factor) based on credit bureau interviews are as follows: ·
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 23 Comments
Saturday, November 20, 2010 5:29 AM

How Much Does it Cost to Buy a Home with an FHA loan?

David and Marie, long time Stockton residents, thought they would never be the position to buy a home: it would just take too much money for a down payment. They were victims of friends and family giving them advice, who told them that they would need
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 1 Comments
Friday, November 19, 2010 5:52 AM

Don't Wait for Black Friday: Homes in Stockton and Lodi on Sale: Discounted Prices!

Black Friday is almost here again when Stockton and Lodi shoppers rush to the mall and will stand in line for hours to get that special deal. Everyone loves a good deal. All the big box stores are competing for you dollars: Best Buy, Target, Macys’
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Thursday, November 18, 2010 5:36 AM

Mortgage Interest Rates for November 2010 and FHA Loans

Mortgage interest rates have risen slightly over last week (see interest rates below) but still represent extremely attractive interest rates for homebuyers and homeowners wanting to refinance. Low selling prices and attractive mortgage rates present
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Wednesday, November 17, 2010 5:54 AM

Stockton and California's Short Sale and Forclosure Real Estate Market

Stockton, Lodi and the San Joaquin Real Estate Markets at times have been ground zero for distressed homeowners. I almost consult daily with home owners not knowing where to turn who are trying to find alternatives to foreclosure. It is often suggested
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Tuesday, November 16, 2010 5:37 AM

Are You a Stockton or Lodi Homeowner Facing Foreclosure

Are you a home owner facing foreclosure? We may be able to help you through a mortgage modification or a Short Sale. Every day, we work with at-risk homeowners in Stockton, Lodi and surrounding communities to identify the best options to help you through
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Sunday, November 14, 2010 9:52 AM

Short Sales and the Importance of a Hardship Letter

Short Sales require a great deal of documentation and the hardship letter is one of the most important pieces of the puzzle. Hardship letters are a written summary describing the hardship or hardships you and your family have been experiencing or will
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Friday, November 12, 2010 5:45 AM

Lodi Real Estate Market Trens for October 2010

Please review the graphs below for Lodi Market Real Estate Trends. Total listing have declined from 284 to 257 available MLS listings, There were 39 closed sale for October and the average price for closed sales was $198,000, Days on the market increased
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 3 Comments
Friday, November 12, 2010 5:24 AM

Stockton Real Estate Market Trends for October 2010

Please review the graphs below for Stockton Market Real Estate Trends. Total listing have declined from 1,313 to 1264 available MLS listings, There were 324 closed sale for October and the average price for closed sales was $145,000, Days on the market
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Thursday, November 11, 2010 6:28 PM

Homebuyers Rejoice Jumbo Mortgages are Coming Back

The jumbo-mortgage comeback Smaller and regional lenders are issuing more new jumbo loans and doing more refinancings, which could help bolster home sales in some areas. KEEP THIS IN MIND • Jumbo mortgages are mortgages deemed "too big"
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Thursday, November 11, 2010 6:00 AM

6308 Antler Ct. in Spanos West is Sold!

Spanos West, Stockton - The single story at 6308 Antler Ct. has been sold. Property information
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
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Thursday, November 11, 2010 5:35 AM

Single Story For Sale in Weston Ranch

Beautiful Like New • 2,019 sq. ft., 2 bath, 3 bdrm single story - MLS® $146,000 - ValuePriced Weston Ranch, Stockton - Wow, I was impressed with this 2,091 sq ft 3 bedroom 2 bath home. This home is truly move-in ready. Beautiful tile floors and
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
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Thursday, November 11, 2010 5:35 AM

Price Reduced on 4844 Woodhollow Ave in Weston Ranch

Weston Ranch, Stockton - Announcing a price reduction on 4844 Woodhollow Ave, a 2,019 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $146,000 - ValuePriced. Property information
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
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Wednesday, November 10, 2010 5:12 AM

The Question is Rent Vs. Buy and the Benefits of Owning a Home: Its Never Been More Affordable

Real Estate Markets are local. In Stockton, Lodi and the San Joaquin Valley real estate prices are allowing many buyers to purchase their first home and move up buyers are able to purchase their dream home. Affordability is the key for many renters in
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Tuesday, November 09, 2010 8:25 AM

Stockton Homeowners take Steps to Avoid Foreclsoure

Increases in the foreclosures have once again started to dominate the news for real estate in Stockton and the nation. Foreclosure homes for sale have been a large share of homes in Stockton for sale as well as short sales. Distressed homes dominate MLS
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Sunday, November 07, 2010 12:43 PM

Single Story For Sale in Quail Lakes

Excellent Location • 2,484 sq. ft., 3 bath, 3 bdrm single story - $225,000 - Value Priced to Sell Quail Lakes, Stockton - PRICE REDUCED!!BRING AN OFFER!!Beautiful home in one of Stocktons nicest neighborhoods. Enjoy California luxury living at it's
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
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Sunday, November 07, 2010 12:43 PM

Price Reduced on 1556 Griffin in Quail Lakes

Quail Lakes, Stockton - Announcing a price reduction on 1556 Griffin, a 2,484 sq. ft., 3 bath, 3 bdrm single story. Now $225,000 - Value Priced to Sell. Property information
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
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Saturday, November 06, 2010 3:43 AM

Stockton CA Couple Trying to Avoid Foreclosure

Last night I sat down with a hard working couple in their well kept home in Stockton, California. Al and Maria had done everything right, they bought a home, invested in retirement and saved their money. Al was laid off from his job of 21 years when the
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Thursday, November 04, 2010 5:30 AM

Mortgage Interest Rates November 4 th 2010

national interest rates are trend downward. There are opportunities for first time buyers and move up buyers in the Stockton and Lodi Real Estate Market. Homes in Stockton for Sale and homes in Lodi for Sale are still near historic lows. Short sales in
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 1 Comments
Tuesday, November 02, 2010 4:30 AM

The New Princple Reduction Program for Underwater Mortgages for Stockton Homeowners

The Federal government announced a new “ Principal Reduction Alternative ” (PRA) program and was added to the Home Affordable Modification Program (HAMP) effective October 1 st 2010 providing government incentives for lenders to reduce outstanding
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Monday, November 01, 2010 6:37 AM

Wachovia a Model for Short Sales

We have done a number of Short Sales with banks such as Wachovia Wells Fargo, Bank of America, Citi Bank, Chase and Litton. Stockton and San Joaquin County has been ground zero in the foreclosure wars. Most of the homes in Stockton for sale listed on
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments