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“Robo-Signing” Agreement Assists Some Homeowners – San Mateo CA

Mortgage lenders are in the news again and again but this time it’s just not only Freddie Mac and Fannie Mae in the hot seat. If you purchased a home using any of the following lenders like GMAC (now Ally Financial), Bank of America, JPMorgan Chase, or Citibank, you may want to take note. Last…Read More »

San Mateo County Foreclosures? Not Many. Not Yet.

Graph of Foreclosure Filings in San Mateo County

I thought it would be interesting to look at what’s going on in the foreclosure arena for our corner of the world. It’s looking like the clock is ticking for a lot of families and they will soon have to come to a hard reality about their housing needs. We aren’t seeing a ton of bank owned properties in the MLS yet, but the data here is telling us there are a lot of houses schedule for auction, where they become bank owned, and a lot receiving notices of default where the mortgage hasn’t been paid for several months.

San Mateo County, Are You Wondering Why You Can’t Get Your Loan Modified?

Are you wondering why you can’t get your loan modified? Are you wondering why every time you call they can’t find your file? What about the voices of the people you’re talking with, do they have strong accents making it hard for you to sometimes understand them?

Buying in a Buyer’s Market: San Mateo, CA

So you are a buyer in a buyers market – what an excellent time to be in the market to purchase property! Inventory is available and sellers are looking for you, however there are still items you need to watch out for to protect yourself and to make the most of your home-buying investment.

The 7 Most Dangerous Short Sale Myths – Part 2

Continuing from the article I wrote last week about the 7 Most Dangerous Short Sale Myths, here’s the last 3 for your education. I am here to assist you in helping you prevent a short sale of your property. But if it is necessary to go that route, let a CDPE expert help you. 5.…Read More »

San Mateo County, Here are 4 of the 7 Most Dangerous Short Sale Myths

Don’t let one of these dangerous myths land you and your family in Foreclosure A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and is important you understand…Read More »

What are These Foreclosure Auctions and are They a Good Deal?

In today’s San Francisco Chronicle real estate section there were a lot of ads for auctions for foreclosed houses and this is probably just the beginning of this kind of thing. Are these auctions a good deal? Can you get a real bargain? If you don’t know the term Caveat Emptor, you should. Be careful…Read More »

What is a Short Sale and Should I Jump on One in San Mateo, CA?

unfortunately, these predator lending practices often took place against immigrants. People with fair income, some debt, but poor English skills who were placed into negative amortization loads that they did not understand. They were placed in loans with sucker rates — you know the kind — 3% for the first 90 days, and then the rate escalates upward. Some of those loans escalated up to 7 or 8%. Some of the people caught in this net find themselves owing more each month on the loan to their house, than they take home.