John Kim's Real Estate Blog

By
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.
RECENT BLOG POSTS
     So the Crystal Cathedral on Monday, October 18th, 2010 filed for bankruptcy due to mounting of debts and a decrease in donations.  The church is only filing for bankruptcy protection to reasses and reorganize their funds.  The mega-church of Orange County has the following number to resolve....
11/02/2010
     Mount Merapi, one of Indonesia's 129 active volcanoes, erupted again just a few days ago causing havoc as it did on April 23rd, 2006.  At almost 2am Saturday morning in Jakarta time lava pours out of the volcano after 4 days of minor eruptions.  So far killing at least 33 people and displaci...
11/02/2010
HAVE YOUR PROCESSING DONE BY A SHORT SALE SPECIALIST.      In todays real estate market homeowners are looking for HELP.  When foreclosure is not the option you want for yourself or your family then there may be other alternatives for you.  Finding a specialist in short sales negotiations may be ...
11/01/2010
     Pontiac, an 84-year-old brand and a division of General Motors, has been put on the chopping block as General Motors (GM) agreements with Pontiac dealers expired on Oct. 31st. 2010.  General Motors decided to cut them loose last year as it collapsed into bankruptcy and it's constant decline ...
11/01/2010
Call the LenderYou may need to make a half dozen phone calls before you find the person responsible for handling short sales. You do not want to talk to the "real estate short sale" or "work out" department, you want the supervisor's name, the name of the individual capable of making a decision. ...
10/29/2010
Deficiency Judgment - is when the homeowner's (mortgagor or borrower) property has been foreclosed or short sold for less than the remaining balance of the loan(s) and there was no insurance to cover the gap in the loss.  Then the court may include within the foreclosure process a deficiency judg...
10/29/2010
     The Fair Isaac Corporation (aka. FICO) says that credit scores are affected about the same and the average points lost on a FICO score are the following: 30 days late: 40 - 110 points 90 days late: 70 - 135 points Foreclosure, Short Sale or Deed-in-Lieu: 85 - 160 points Bankruptcy: 130 - 240...
10/28/2010
     This foreclosure time line is based on a non judicial foreclosure process in California.  And as a Deed of Trust based loan the homeowner known as the Trustor (aka. borrower) defaults on their obligation to pay the Beneficiary (aka. bank, lender, loan servicer, mortgagor, Da' Man).      Now,...
10/28/2010
The Top of the Charts Cities for Foreclosure are... Merced, CaliforniaModesto, California Stockton, CaliforniaRiverside, California Detroit, Michigan      At least it's not a complete California cities on this list.  I actually can't wait till it is so we can so the US that not only are we a supe...
10/28/2010
The most common reason people go bankrupt in the US. 1. Medical Expenses so says Harvard University on their studies of the biggest cause of bankruptcy.  Over 60% of Americans hold this reason with over 70% of them having some sort of medical insurance. 2. Job Loss is a devastating time and many ...
10/28/2010
Rainmaker
185,736

JohnKim

smartphone(949) 903-9077
Contact The Author
Short Sale Processing Service that will help any person that is interested in closing a successful short sale.