John Kim's Real Estate Blog

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Services for Real Estate Pros - Property Services & Short Sale TC
As a Short Sales Processing Service this blog is to help inform and receive information on our industry. This blog is to explain some things to the homeowner or realtor in Short Selling, Loan Modification, and industry related news.

ARCHIVED BLOG POSTS

2009 

     A worm has infected over 3 million right away and may end up to 20 million PCs.  What seems to be the culprit is USB drives.  It's called either Down & UP, Down-a-Up, or Conficker.  It works by tricking you by running the virus when you plug in a drive. Look closely at the screenshot above a...
01/21/2009
     Now, Fannie Mae will be a landlord to some of the renters in properties foreclosed.  Due to the current market the renter of the foreclosed homes have been stuck in the cross fires.  Many states have been altering the laws to help them in their crisis by delaying the eviction process. "Their...
01/17/2009
NLM Processing can help you on your pre-foreclosure options.  For the borrower(s) that are unable to maintain your mortgage payment(s)and need an option to avoid possible Foreclosure or worse Bankruptcy.  Here are some hardships that may qualify for short selling a home and help your credit. MORT...
01/17/2009
Loan Mod Processing? I will push to get your loan modification through with an honest and upfront outlook so you know where you are at every step of the way.  Either through proper processing and/or legally assisted negotiations my files will get the attention you deserve.  You will not speak wit...
01/17/2009
     Two banks have just fallen to start off the 2009 list.  National Bank of Commerce of Berkeley, Illinois and Bank of Clark County of Vancouver, Washington.  So the FDIC's final count for 2008 is 25 banks and 2009 is about to tie for the 3 in 2007.  So Washington has not only lost Bank of Clar...
01/17/2009
     Citigroup plans to split into two units one will be a commercial and retail banking and the other is going to focus on brokerage, asset management, and their troubled assets.  Citi has taken $45 billion from the government's taxpayer TARP, Troubled Asset Relief Program, funded which holds ab...
01/17/2009
     Bank of America is taking$20 billion in government aid due to obtaining Countrywide and Merrill Lynch. B of A received a second capital infusion from the U.S. government due to its $118 billion troubled recent purchase. Bank of America's lending division is suffered and having it's existing ...
01/17/2009
2008 U.S. foreclosure filings are more than 81% which is 3.1 million filings.  And 861,664 homeowners lost their homes to foreclosure on the steps of city hall.  Even with the government aid to sponsor the mortgage Freddie MAC and Fannie MAE to suspended foreclosures from November 26, 2008 throug...
01/17/2009
Now going on the 11th consecutive week that the interest rates are going down.  The 30 year fixed is hitting 4.96% with 0.7 point from last weeks 5.01% with 0.6 point.  15 year is around 4.65% with 0.7 points.  The 5 year Treasury indexed ARM, adjustable rate mortgages, dropped to 5.25% and 0.6 p...
01/17/2009
     The $825 billion economic stimulus bill will be ready for Obama's signature sometime in February.  With this new bailout cash for the falling financial industry, huge proposed spending, and tax cuts many this borrow and spend their way back to prosperity will be implemented like the borrower...
01/17/2009
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John Kim

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Short Sale Processing Service that will help any person that is interested in closing a successful short sale.