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.
RECENT BLOG POSTS
   The home loan interest rates on a traditional 30 YR fixed rate has been falling for the past month making it the lowest so far in 2011.  Freddie Mac has posted that the average rate was 4.61% this past week, which even happens to be the lowest rate in the past 6 months.  Even the 15 YR fixed r...
05/21/2011
     So now CA make a warning label or posting for these materials?  I was purchasing some items and I came across this interest window that pops up about the my purchase.  Wow, now when you actually post this up it makes you think about buying a product.  I can't wait till they put warrning labe...
05/21/2011
     Someone asked me about the basics of a loan... in a nutshell there are several costs that are associated when obtaining a mortgage.  Those common 3 widely used words are points, rates, and fees      I'm going to have to put the types of mortgages aside for this one but leave it simple and ju...
05/21/2011
     As California's Riverside, San Bernardino, and Ontario area are dealing with nearly 14% unemployment, while the 13% unemployment in Las Vegas are right behind us.  It seems that the US unemployment rate is at 9% again.  But with all that being said there are a several US cities that are unaf...
05/14/2011
    For the Orange County homeowners that are unable to maintain your mortgage payment(s) and need an option to avoid possible Foreclosure or worse Bankruptcy.  Banks do not want to foreclose on your property. It's an expensive process for them and carries a high level of liability once the bank ...
05/14/2011
    For the Orange County homeowners that are unable to maintain your mortgage payment(s) and need an option to avoid possible Foreclosure or worse Bankruptcy.  Banks do not want to foreclose on your property. It's an expensive process for them and carries a high level of liability once the bank ...
05/14/2011
    For the San Francisco homeowners that are unable to maintain your mortgage payment(s) and need an option to avoid possible Foreclosure or worse Bankruptcy.  Banks do not want to foreclose on your property. It's an expensive process for them and carries a high level of liability once the bank ...
05/14/2011
    For the San Diego homeowners that are unable to maintain your mortgage payment(s) and need an option to avoid possible Foreclosure or worse Bankruptcy.  Banks do not want to foreclose on your property. It's an expensive process for them and carries a high level of liability once the bank take...
05/14/2011
    For the Inland Empire homeowners that are unable to maintain your mortgage payment(s) and need an option to avoid possible Foreclosure or worse Bankruptcy.  Banks do not want to foreclose on your property. It's an expensive process for them and carries a high level of liability once the bank ...
05/14/2011
UPDATE LINK: 2013 Extension        US law says when a lender decides to forgive any amount of a borrower's debt by accepting less, then the forgiven amount is considered as income for the borrower and is liable to be taxed. but the Mortgage Forgiveness Act removed this tax liability for only the ...
05/14/2011
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Short Sale Processing Service that will help any person that is interested in closing a successful short sale.