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Sunday, January 15, 2012 7:29 AM

Homes in Stockton: Short Sales and The Buyers Advantage

One of the biggest problems we see in a short sale transaction is buyer education. Patience is one of the most important attributes of a buyer considering a short sale and this also includes the buyer’s real estate agent. The buyer’s agent
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Saturday, January 14, 2012 6:37 AM

Homes in Stockton: Mortage Interest Rate and Trends for January 2012

Searching for a mortgage lender with the right fit is extremely important for the first time homebuyer and for move up buyers. Rates are at an record lows and home values are flat making a perfect environment to purchase a home. Because there are so many
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Thursday, January 12, 2012 5:56 AM

Homes in Stockton: Assumable FHA Mortgage Loans

Most sellers don’t realize that one of the advantages of FHA mortgages is that they are assumable. When a seller wants to sell his home, a credit qualified home buyer can assume their FHA loan which is an advantage when they sell because when you
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Friday, January 06, 2012 5:26 AM

Homes in Stockton: Mortgage Interest Rate Trends and Rates

Low mortgage rates likely to continue through 2012 The mortgage market did not live up to predictions from the experts for 2011. Record low interest rates for mortgages are the lowest in 40 years, but very few potential homebuyers took advantage of these
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 1 Comments
Wednesday, January 04, 2012 4:14 AM

Homes in Stockton: Short Sales and Your Tax Burden

My team recently received the following e-mail from a homeowner in Stockton: “ My wife and I are underwater in our mortgage we have not made payments in 3 months, I recently was cut back on my hours at work and it looks like I may lose my job. My
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Monday, January 02, 2012 5:12 AM

Homes in Stockton: Low Downpayment FHA Loans, Low Interst Rates fixed 30 Year Loans.

Price of homes in Stockton have declined to a purchase price that homes have become more affordable. Young families and middle income families and now more than every able to live the American dream and own a home. The pieces are in place for many to
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Wednesday, December 28, 2011 3:01 AM

Short Sales and Homes in Stockton: Does Bank of America or Wells Fargo Own Your Mortgage?

One of the important consideratons in doing a short sale is who is the actual investor. Just because Bank of America, Wachovia, Wells Fargo or Chases name is on you monthly mortgage statement doesn't mean they own the loan. This is important for you
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Monday, December 26, 2011 4:50 AM

Homes in Stockton: What is a Short Sale

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property. In addition, the property owner cannot afford or chooses not to repay the liens full amounts.
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Thursday, December 22, 2011 5:01 AM

Homes in Stockton: How Does a Short Sale Affect Your Credit?

This question is asked very frequently by my clients with Homes in Stockton and involves a number of unique variables. The first thing to keep in mind is that the moment you are 30+ days behind on your mortgage payment, your mortgage lender has the right
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Tuesday, December 20, 2011 7:00 AM

Homes in Stockton: Why Would a Bank Say Yes to A Short Sale

With foreclosures on the rise in the US, banks are looking for any way they can to minimize their foreclosure losses. It more cost effective for your lender to agree to a short sale rather foreclose on a home. Short sales and foreclosures comprise much
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Monday, December 19, 2011 5:32 AM

Homes In Stockton: Do I have to pay the difference between what my house sells for and the amount I owe

Distressed homes in Stockton are the majority of homes listed for sale on the MLS and short sales have proved to be the answer for many homeowners. The question we get asked most often is, do I have to pay the difference between what my house sells for
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Monday, December 12, 2011 7:00 AM

Homes in Stockton: Short Sale and You

A real estate short sale is sometimes a complex transaction and an emotional one for both buyer and seller and requires a real estate team that is experienced and pays attention to detail. There are many ways to lose a home but signing away ownership
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Friday, December 09, 2011 5:42 AM

FHA Loan Limits Increased, Good News for Home Buyers in Stockton, CA

Many buyers in the Stockton real estate market were caught of guard when they were not able to qualify for their FHA loans when the rug was pulled out from under them when the FHA loan limits were reduced, recently thise limits were reinstated by t he
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
Wednesday, December 07, 2011 4:42 AM

Homes in Stockton: How to Write a Hardship Letter for a Short Sale

Before your lender will approve short sale or a loan modification the bank will ask to see your hardship letter. What is a hardship letter and how do you write it? It must be in your own words and describe the circumstances of you hardship. Medical situations,
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 1 Comments
Wednesday, November 30, 2011 6:45 AM

Avoiding Foreclosure and Your Options in the Stockton and Lodi Real Estate Market

It is very likely that you or someone you know in in Stockton or Lodi is facing the possibility of foreclosure. You are not alone. Today, the sad statistics are that1 out of every 6 homeowners in the United States is behind on mortgage payments and 1
Posted by Hugh Lilly and Maria Estrada at PMZ Real Estate | 0 Comments
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