Realty World - Silverado

HAFA short sales Vallejo, Benicia, American Canyon

Rick Dillion — Wed, 28 Jul 2010 21:04:00 +0000

The Home Affordable Foreclosure Altenatives Program (HAFA) is beginning to take shape as more real estate professionals aquire the knowledge of this new program to make it easier for the destressed borrower to sell his/her home by a more streamlined short sale method.
The problem has been with short sales is the length of time it takes to finally close the transaction. The biggest issue with short sales was just getting the investor to approve or not approve the short sale. After months of waiting for a response, many buyers give up and pull out of the deal. This should no longer be the case as A Request for Approval of Short Sale (RASS) along with a completed contract of sale, and a completed short sale package from the listing agent to the servicer of the loan in default, should result in an approval or denial within 10 business days after submission. Furthermore the whole process is being revamped with standardized forms as much as possible.
There are no true “experts” in this process but there are now Realtors @ who are certified short sale specialist that have completed the educational requirements to help sellers and buyers in the HAFA short sale process.

AMAZING TIME FOR QUALIFIED HOME BUYERS

Harlan Griswold III — Tue, 13 Jul 2010 21:24:00 +0000

This is your “once-in-a-lifetime opportunity” to find stunning deals in real estate and find interest rates at 50 year-old lows.

The sky is falling

Rick Dillion — Tue, 08 Jun 2010 14:21:00 +0000

Just heard the news today, oh boy (credit to Beatles). It has been said that for every action there is a reaction. So, if that’s true is time we pulled ourselves up by the bootstraps. (Boy is that dated) By the way the stock market will crash in 2011. Who can you trust? The government? “We are not in a depression” or”I did not have sex with that women!”.
Ok, home listings are selling faster than ever in the current market. We have the lowest interest rates on record and home prices are now as low as in 1999-2000. If you have a secure job take the plunge and invest in home ownership for your future. If the stock market tanks, you’ll be ok. People need a place that they can call home and the time is now. It will not be easy. Anything that is too easy is not appreciated. There will always those who will yell “The sky is falling!” or “The earth will end tomorrow so prepare!” Be wise, the world will end for all of us someday, but unlikely at the same time. Invest in America today and America will invest in you.

Ship work returns to Mare Island

Harlan Griswold III — Fri, 28 May 2010 20:48:00 +0000

Ongoing series: Good things are happening on Mare Island
“This could just be the project that gives hope to the community again . . . a catalyst for a community that is struggling.”

Ship-building and maintenance has been the primary purpose of the Mare Island Navy Base for almost as long as California has been a State, [...]

WILL MORTGAGE BROKERS SURVIVE THIS LAW?

Harlan Griswold III — Fri, 28 May 2010 04:26:00 +0000

Restoring American Financial Stability Act of 2010
When this new law is fully implemented, it appears that Mortgage Brokers will be limited in what loans they can originate and one wonders if mortgage brokers will even survive this change.

One of the provisions of the law requires the lender to retain a percentage of ownership, which clearly [...]