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Many Americans are Hoping for a Loan Modification HOPE! wikipedia defines hope as: “A belief in a positive outcome related to events and circumstances in one’s life. Hope is a feeling that something desired may happen, when the outlook may or may not warrant it.” When I traded stocks I was taught that four letter words hurt [...] For what you pay for (or are not paying) on small home, you could rent a mini mansion Example: This home is in San Bernardino County the mortgage is 399,000. With a 7 % interest rate the payment is about$ 2654.55. plus taxes and insurance $3150 per month. Its now worth about 130,000 Your loan [...] They are foreclosing on homes that have been in default for a long time. Even if the banks employees caused the [...] http://www.youtube.com/watch?v=ju2SpPmhxKs Share and Enjoy: What type of sales dominate the Temecula Redhawk market? See below If you need a Real Estate Team that understands the market, give us a call. Real Estate Insight Team Share and Enjoy: 3 Bedrooms AREA Temecula – South (213) Temecula – South (213) Temecula – South (213) Temecula – South (213) Temecula – South (213) Temecula – South (213) Single Family Residence Temecula [...] According to the guys at the TBWS Daily, the National Association of Mortgage Brokers conferance put to sleep the rumor that FHA down payment requirements were going to climb from 3.5% to 5%. We will update you as soon as the official statement is released. If you or someone you know is in danger of losing your [...] Approved Short Sale for February 2010 We just got an approval for a short sale in Bellflower – FHA Buyer ready to close in 7 days! Share and Enjoy: by Michael-Edward Cruz – California Real Estate Broker 951-572-2789 I found a promising article detailing how some lenders are beginning to shift their focus from foreclosure to short sales. Unfortunately I could not link to it on my blog due to copyright laws. Some Lenders are now considering short sales as a real solution. AFTER the mass [...] from pablos77 at msn.com forum I have personally helped many people modify their home loan. But with so many predators out there the State of California made it illegal to charge for these services. Still when people try and do this on there own it takes a toll on them. Their is no way to guarantee anyone that a modification will [...] I personally do not use credit cards any longer. I would rather deal with the mob when borrowing money. At least they kiss you before they _ _ _ _ you. Here is an interesting article I found that illustrates the banks creative way to boost profits, even with Government intervention. Like I keep telling people, all [...] With Banks coming out on top with the bail out money, making BILLIONS on ridiculous overdraft fees that hurt those weakest to fight back and being able to make a double profit on foreclosure by buying other banks bad debt cheaper then getting government money…… You would think that they would at least stick to foreclosing [...] Parent workshop to be held in Temecula The Press-Enterprise The Temecula Valley Council PTA will sponsor a free, two-part, workshop on creating school-family-community partnerships from 10 a.m. to 1 p.m. Tuesday and Feb. 23. The workshop will include information on parent information resource centers, ways parents can get involved in schools and other topics. The workshop [...] Michael-Edward Cruz and Troy Huerta agree that Short Sale transactions will see an uptrend in 2010. Michael specializes in working with short sales South Orange County as well as communities in South Riverside County like Redhawk in Temecula California. Troy works with clients in North San Diego communities such as Carlsbad, Vista, Oceanside and San [...] by Michael-Edward Cruz, California Real Estate Broker. Have you heard? The government is trying to motivate lenders to avoid foreclosure. According to statistics the sister program HAMP has been able to help about 9% of homeowners in trouble. Yes I said 9%, I think the average Realtor has been able to short sale about 20% without the extra help. According to some experts 2010 is set as year of recovery, largely in part to lender participation in short sales. According the the article, “At the start of the foreclosure crisis, she says, banks accepted about one in every 10 offerings on short sales. But as the crisis worsened, the number of short sale homes closing in escrow [...] We have been working for years trying to convince lenders that it was in there best interest to accept short sales. We have saved many people from the damaging affects of foreclosure on the record. If lenders do take a more proactive approach to short sales then we will be able to help more people than ever before. Michael-Edward Cruz |
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Michael-Edward Cruz Broker License 01758933 Office 951-572-2789 - Email: mail@mikerebroker.com
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