El Dorado Hills, Folsom Real Estate

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Real Estate Agent - Heritage Oak Properties - 01367027



Every once in a while it is good to take your nose away from the grindstone and relax.  Photography is my avocation, and when I apply my photographic skills to things growing in my courtyard, I occasionally come up with something worthy of the effort.  As a gardener I excel at growing weeds and c...
The Certified Distressed Property Institute has just released the National Mortgage Delinquency Numbers for the first quarter of 2009.  These are statistics compiled by ethe Mortgage Broker's Association and reflect a significant increase in the number of homeowners in trouble with their mortgage...
CONSUMER ALERT!   California Department of Real Estate issues a fraud warning for Home Owners in Financial Distress! FINALLY, the California Department of Real Estate has issued a fraud warning to financially distressed California home owners, warning about loan modification scams rampant in the ...
LOAN MODIFICATION Part II This is a continuation of yesterday's post on Loan Modification. The Market  In recent years investors were clamoring for ever increasing returns on their investments.  Financial markets developed more risky loan products to meet that demand, knowing full well that in or...
    LOAN MODIFICATION     It is an unfortunate fact that far too many homeowners are in financial distress right now and are having trouble making their mortgage payment, or have stopped paying all together.  Many did not understand all of the ramifications of the commitment that they made when t...
Short Sales What is a short sale?   A short sale is transaction in which the seller is attempting to sell their property for less than they owe the lien holder or lien holders.  In almost all cases something has happened that prevents the homeowner from being able to make their mortgage payments....
New Foreclosure Prevention Act For California Now Law   California's new Foreclosure Prevention Act went into effect on May 22, 2009.  The object of the exercise is to delay the foreclosure process an additional 90 days, extending the period to a total of 180 days for those who qualify.  The obje...
Is there a light at the end of the tunnel?  Feedback indicates that the Federal Making Home Affordable program is having an impact.  Unlike the Hope for Homeowners program that was stifled by eligibility requirements and received less than 100 applications nation wide, the Treasury Department rep...
  SENIORS BEWARE!   Not all reverse mortgages are created equal.   Federal banking regulators are concerned about reverse mortgages and related consumer protection issues.    Reverse mortgages are loans for borrowers over 62 years of age who can live off the equity they have in their homes as the...
EL DORADO HILLS, CA REO (BANK OWNED) SALES DATA FOR MAY 2009   This is a continuation of my monthly report on Bank Owned home sales data for El Dorado Hills, CA.  This report covers REO homes sold in May of 2009. There were nineteen REO homes sold in May, two more than sold in April.  The average...

Mike West

El Dorado Hills, CA CDPE, CNE, Licensed Loan Origi
local_phone(916) 337-0658
smartphone(916) 337-0658
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