Hugh Lilly Stockton Real Estate

Foreclosures comprise approximately 20 percent of homes for sale that closed escrow in the third quarter according to RealtyTrac a leading reporting company in the U.S. There has been a notable decline from the third quarter of 2010 when foreclosures amounted to over 30 percent of home sales. During normal housing markets foreclosures were 5 ...

2012 is ramping up to be the year of the short sale in Stockton and San Joaquin County. I talk with homeowners daily that are faced with the choice of giving up everything they have worked for and making monthly payments on their home, even though they love their homes, are deciding to short sale. Homeowners want to be optimistic and wanted ...

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 needs to educate the buyer’s expectations on the time frame it takes to get a short sale ...

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 mortgage companies out there, mortgage lending has become extremely competitive. By ...

The FHA mortgage loan program is serving Stockton home buyers giving them the opportunity to purchase homes with as little as 3.5% down and record low home loan interest rates. It is one of the loans that serve first time home buyers and move up buyers. Recently loan limits were increased at their upper end to $400,000 plus in Stockton and ...

Low mortgage rates likely to continue through 2012The 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 rates and record low prices for homes in Stockton and nationwide. There is a great deal of ...

Consumer confidence improves in December The Conference Board Consumer Confidence Index improved to 64.5 (1985=100) in December, up from 55.2 in November. The Present Situation Index increased to 46.7 from 38.3, and the Expectations Index rose to 76.4 from 66.4. Consumers' assessment of current conditions improved in December. Those stating ...

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 to know when considering a short sale. There can be three layers when trying to get a short ...

 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. Therefore, the lien holders agree to release their lien on the real estate ...

Short selling your home can be a frustrating, confusing and a difficult decision to make. The Xpress Short Sale Group at PMZ Real Estate hopes that these results can assist you in making the best financial decision for you and your family. Over 75% of homes for sale in Stockton are either a foreclosure or short sales. Thhe objectives of most ...