August 2012 Blog Posts (13)

5 Tips in Buying a home | Torrance | Antonio Atoche

Buying a house is a very serious matter that comes in to people’s lives. It is very risky to invest your money in buying just any house you find. You must have some guidelines that can help you decide which house is the best for you. Here are some:

1. Determine your rights

When you are ready to buy your own house, be sure you understand your rights as a homebuyer. Knowing the process of buying a house prevents you from getting scammed. You can personally do your home work or…


Added by Antonio Atoche on August 30, 2012 at 3:59pm — No Comments

Earnest deposit | Lawndale | Antonio Atoche

You include earnest money with an offer on a house to show the seller that the you are serious about purchasing the house. It becomes part of the down payment if the offer is accepted, is returned if the offer is rejected, or is forfeited if you pull out of the deal for reasons other than those stipulated in the offer. A financing contingency is an example of the latter - if your offer was contingent on getting a loan, and you can't, you can cancel the contract and get your earnest money…


Added by Antonio Atoche on August 29, 2012 at 8:50pm — No Comments

Why Buying is better than renting | Lawndale | Antonio Atoche

Why Buying is better than renting | Lawndale | Antonio Atoche

There are times when it is better for a person to rent, but most often home ownership has many more benefits and advantages.

About 10 year ago a had a retired aunt and uncle who rented a condo in Las Vegas. Uncle Jim (not his real name) was a retired minister. Throughout his career he and his wife lived in parsonages, which are homes furnished by the congregation while they ministered there.

He and his wife…


Added by Antonio Atoche on August 29, 2012 at 7:12pm — No Comments

Selling your home | Lawndale | Antonio Atoche

Selling your home | Lawndale | Antonio Atoche

Your home is undoubtedly the most valuable asset for the vast majority of us and selling it will cost thousands. Using the money saving tips in this article should reduce the cost of moving home.

Estate Agent fees vary, so shopping around and don’t forget to haggle and pay one off against the other. You should aim for 1% commission, also push then to limit the tie-in period to no more than 6 weeks, this gives then enough time to…


Added by Antonio Atoche on August 29, 2012 at 6:48pm — No Comments

How to sell your home | Gardena | Antonio Atoche

How to sell your home | Gardena | Antonio Atoche

For most people, the prospect of selling their home can be positively daunting. First of all, there are usually plenty of things to do just to get it ready for the market. Besides the traditional clean-up, paint-up, fix-up chores that invariably wind up costing more than you planned, there are always the overriding concerns about how much the market will bear and how much you will eventually wind up selling it for.

Will you get…


Added by Antonio Atoche on August 29, 2012 at 5:38pm — No Comments

5 General Trends in the California Real Estate Market

5 General Trends in the California Real Estate Market

Historically, the real estate trends of California have always been the precursors for the rest of the country. Which is why leading players of the real estate market keep a close watch on the Golden State’s real estate market conditions.

And whether you are a first time homebuyer, debating the viability of building your dream house in San Bernardino, or a real estate investor looking to sell condominium units in Los…


Added by Mona Salem on August 29, 2012 at 12:00am — 1 Comment

Blossom Valley San Jose Ca Short Sales

Blossom Valley is a hot bed of short sales. It is one of the neighborhoods in the Silicon Valley that has not gone back to the values of 2008-2007 so many of the homes for sale right now are being sold as short sales since the owners have negative equity in their homes.

There are currently 196 pending homes listed as short sales.

There are 286 pending sales of all types

The percentage of total pending sales which are short sales is 68%

This is…


Added by Marcy Moyer on August 23, 2012 at 4:27pm — No Comments

Fannie Mae and Freddie Mac Short Sales

In an effort to stream line short sales Fannie Mae and Freddie Mac announced they are issuing new guidelines to their mortgage servicers that will consolidate existing short sale programs into one standard short sale program.

The new Fannie Mae and Freddie Mac Short Sales guidelines, which go into effect Nov. 1 2012, will permit a homeowner with a Fannie Mae or Freddie Mac mortgage to sell their home in a short sale even if they are…


Added by Ed Clements - SFR on August 23, 2012 at 12:30pm — No Comments


I submitted a bid for asking price on a property in Windsor California in January 2012. The price had been pre approved by BofA so we expected a quick turnaround. It is now August and we still do not have a letter of acceptance from them. In July they gave a verbal acceptance and said we would have the written letter in a few days. This seems to be their standard reply and we have been told we would hear from them in a day or two many times. They have missed their own closing date in mid…


Added by marilee baccich on August 19, 2012 at 3:04pm — 1 Comment

Short Sales Can Be Done with the Sellers NOT being Late.

I recently completed a BofA co-operative short sale, both loans were with BofA and sellers were not late and remained current on their payments throughout the short sale process. Short Sales can be completed with the right knowledgable Broker/Agent and experience. I believe we are seeing a shift with lenders open to the idea of helping borrowers who need to move without putting them through the rigors of harming sellers credit by denying a request to do a short sale because they are not late…


Added by Tamilyn Simard on August 17, 2012 at 2:23pm — 2 Comments

Wells Fargo Short Sale - HEADS UP!!! - "Contract Addendum" = "Short Sale Affidavit"

For those that do not know, or, have not had this issue, FYI:

In Equator, when asked by Wells Fargo to upload the "Contract Addendum", they are REALLY asking for the document titled - "Short Sale Affidavit"

We learned this the hard way (we lost about 10 days processing time).


If you are having trouble with your short sales - CONTACT ME!!!

If you are NOT having trouble with your short… Continue

Added by Ben Benita on August 16, 2012 at 5:19pm — 7 Comments

Another Successfull Pre-Approved Short-Sale with BOA


5K to the Buyer


Added by Greg Rayford on August 6, 2012 at 1:10am — No Comments

Need BOA Help!

Have a file that was approved by BOA but we were waiting for PMI approval and suddenly a manager kicked out the file today for an issue with the third party authorization and now they are saying we cannot re-submit because the foreclosure date is on Tuesday! Does anyone have a phone number of someone to call that is not the main BOA short sale number?

Tanya Endicott

Added by Tanya Endicott on August 2, 2012 at 11:01pm — 4 Comments

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