Antioch CA – Many people don’t think they are eligible for a short sale because they have unpaid homeowner’s association dues. Don’t worry about paying them yourself. When you short sale your home the association dues will be paid by your lender. Most of the time the amount owed to the homeowner’s association is a very small percentage of the overall sales price. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Lenders know that a short sale will net them substantially more money than a foreclosure. I have an example in the post below. I recently saw a home that was for sale as a short sale. A buyer offered to buy the home for $237,000. The lender rejected that offer. The home was foreclosed on and sold for $190,600. The lender lost arou... 08/30/2012

  Antioch CA – Many people are embarrassed that they are short selling their house. They feel like a failure. Others think that they are somehow being dishonest or shady. Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived responsible financial lives. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Then the real estate market crashed and left them owing hundreds of thousands of dollars more than their home was worth. For years everyone had told them that couldn’t happen. Many of those people also lost their job for the first time in their life. It’s interesting because today we are seeing as many short sales in the upper income brackets as the lower income brackets. I’m not... 08/14/2012

  Antioch CA – The Stop Foreclosure Institute recently received a question from Daniel. Here was his question. “I am trying to buy a short sale property. I put my offer on the property a few months ago. The property was priced about 50% lower than the other homes in the area. The bank finally approved the short sale. However, they said that I have to pay the back taxes, unpaid homeowner’s association fees, and the seller’s closing fees. I agreed to do that because the home was such a good deal. However, now that I’ve agreed to that the bank won’t get back to the agent. Now the agent is saying that they won’t approve the sale price even with my paying all of those costs. I don’t understand what is going on? Please help. Daniel.” Click here to discover how other sellers successfully did ... 08/03/2012

  Antioch CA – Buying a short sale can be a great idea. Most short sale properties are priced very competitively to other homes on the market. However, buying a short sale is not easy. The seller has to convince the lender to accept a big loss on the mortgage. Banks do not like losses. Because of that they double check everything before approving the sale. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. The biggest thing you need to be aware of is that there is no guarantee that the seller’s lender will approve the sale. It has a very good chance of it being approved if the seller’s agent is competent and experienced with short sales. However, not all agents understand short sales. Here are the costly mistakes you want to avoid when buyin... 08/02/2012

    Antioch CA – Let’s say a friend owes you a thousand dollars. They come to you with a sob story about how they are broke and cannot afford to repay you. “I am so broke that we are about to lose our car. And the electricity was turned off last month when we missed the payment. I can’t even afford diapers for our son”, they tell you. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. You tell them just to forget about the debt. “Don’t worry about paying me back. I don’t want to be a burden on your family”, you tell them. A few days later you are scanning Face book and see pictures of them on vacation in Miami. You realizes they had lied to you. It’s obvious that they weren’t broke if they could afford a fancy vacation in Miami. How would yo... 08/01/2012

  Antioch CA – It is possible to sell your home if you have multiple mortgages. But, it can be difficult. This is something many short sale homeowners have to consider because they have multiple mortgage. All the mortgages on the property will have to be satisfied before you can give clear title to the buyer. But the most important negotiation is the one which has to be made with the lenders; which will be two or three in case of multiple mortgages on your home. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Negotiating with two or more lenders might seem to be an intimidating task. But, you do have a strong negotiating position because second mortgages typically receive nothing if the home is foreclosed by the primary lender. It is also... 07/26/2012

Three Great Investment Properties Home Point Real Estate works with Real Estate Investors buying Investment Properties in Antioch, Oakley, Brentwood and other Communities. Periodically we find great properties that we think our investor clients ought to know about. Well right now we have an East County Trio of Investment Properties that includes one from each of the communities above. Gene – I am sold – Just E-mail me the List of Investment Properties! One is a budget property offered at a great price in this market. The other two properties are newer properties offered at very reasonable prices. One of the newer ones is in immaculate shape – a three bedroom home where a fourth bedroom could easily be added where the loft is now to maximize rental income. The other newer one contains an... 07/16/2012

    Antioch CA – Realtors have a very important role when it comes to helping sellers short sell their homes. It is the realtor who works to attract the purchaser by communicating with buyers and their realtor. The seller’s agent and the buyer’s agent often have to negotiate to come up with a consensus that is acceptable to both clients. Getting everyone to come to a mutual agreement is not an easy task for realtors. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. Realtors get stressed out because of the task that is placed upon their shoulders. They have to look for buyers, help the seller come up with a good hardship letter, deal with a buyer’s realtor, and basically do everything they can to help with the short sale. The seller’s realt... 07/12/2012

Antioch CA – It is thought that lenders tend to permit short sales only when and if a borrower has missed a payment. This is not true. Lenders also take into account other hardships the borrower may be encountering such as a divorce, job transfer, relocation, etc. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. No lender will consider a short sale just because a borrower has missed a payment. The lender also looks at the borrower’s financial status including tax returns, budget, bills, income, etc. After reviewing that documentation they decide whether or not to approve short sale. A lender will first look at the borrower’s ability to pay back the mortgage. Some people have a hardship that they project will cause them to fall behind on pa... 07/11/2012

    Antioch CA – Many people have misconceptions about a short sale and how it works. Many people think that the seller’s realtor and the seller are required to submit all offers to the short sale lender. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. It is the owner’s house. If they want to sell the house or not, then it is their decision. The only role of the lender is to approve or deny the short sale offer. The lender is interested in getting the highest offer so they can reduce their losses as much as possible. It is quite possible that more than one potential purchasers are interested in buying the house. However, it is the seller’s decision to choose which one to submit to the short sale lender. It is not a necessity that the real... 07/09/2012

Lake Alhambra Homes in Antioch Ca Do you want a Home on Lake Alhambra in Antioch. Lake Alhambra Homes are hidden gems in Antioch Ca. See Lake Alhambra Homes Now! Lake Alhambra is a private lake on the north side of Antioch near the delta. It is surrounded by private homes. Homes on the street opposite the lake also have access at gated access points. This is a private lake designed for this development. Lake Alhambra Homes offer swimming, fishing and non-motorized boating as close as your back yard. Homes around Lake Alhambra come in a variety of styles and sizes; when one comes on the market that meets your needs you should give it serious consideration. Homes for Sale on Lake Alhambra are very affordable for homes on the water front. Living in Lake Alhambra means you are just minutes ... 06/28/2012

Centennial Park Homes in Antioch Centennial Park Homes in Antioch is a great little sub division or around 100 homes on the north-west corner of Contra Loma Blvd and James Donlan Blvd built in the 1980's. See Homes in Centennial Park for Sale! The Homes in Centennial Park are two story homes with nice layouts. There is only one entry to the neighborhood from Contra Loma Blvd; this means the only people in the neighborhood are people that have a reason to be there. There is no through traffic and the area is quite. When I first moved to East Contra Costa County in 1997 I rented a house in this neighborhood and was very happy. We found it a nice area for our family. Most of the homes are very well kept and the area shows a pride of ownership with a strong neighborhood identity. A second p... 06/27/2012

Homes in Antioch's Delta Fair Area This is area has some of my Favorite Antioch Homes. I think it is a great area for First Time Home Buyers or Real Estate Investors. The Homes are affordable and nice. See Homes for Sale in Antioch's Delta Fair Area! Delta Fair Homes are older homes – primarily Ranch Style Homes, however, the neighborhood is in an ideal location. Although there are a few homes on Delta Fair itself, the majority are off on side streets, such as Belle Drive, Kendree Street, Desrys Blvd, and Reimche Drive. There are many small streets and courts in the area. There is no through traffic except on Delta Fair Blvd; this means quite streets and a quite neighborhood. Turner Elementary School and Marchetti park are in the South East Section of this neighborhood and are in walkin... 06/26/2012

Real Estate Investor Tip of the Day – June 19, 2012 Real Estate Investors love to Flip Homes. This often provides quick profits without having long term property management expenses and work. Right now is a great time to Flip Homes as the rapid appreciation we are seeing right now helps Make Money of Flipping Investment Properties. However, I want to offer a caution. I have seen a lot of people Buy Homes to Flip and be overly optimistic and loose money. (Not my clients – but others.) Go Here for the Free Book of Real Estate Investing! A few months ago I was out with a Real Estate Investor and we were looking at a potential Buy and Flip Property. I found the property had 13 offers on it. Every time we went to the house other buyers were running around with contractors and doing estimates... 06/19/2012

Real Estate Investor Tip of the Day – June 11, 2012 Real Estate Investors can use tax deferred accounts to buy Real Estate Investment Properties. That's right – You can Invest your retirement account into (without having to withdraw it from your retirement account) Real Estate Investments. Go here a Free Book on Real Estate Investing and Strategies! A great book that takes complex Investing issues and makes them understandable. This can include self Directed 401K, Sep IRA, Educational Savings Account, Medical Savings Account and others. Take this money and put it into Investment Properties at one of the best times to Invest in Real Estate in history. Successful Real Estate Investors trust Home Point Real Estate to find quality Investment Properties for them and to help the develop Succe... 06/11/2012

Real Estate Investor Tip of the Day – June 4, 2012 Real Estate Investing offers two sources of profit: Immediate Return on Investment and Appreciation on the Investment Property. It is almost like buying a Growth and Dividend Stock. Better than that – if you have a long term fixed loan in the historic inflationary rent markets you should expect your Return on Investment to grow every year. When looking at Investment Properties do you know how to determine Return on Investment? Project Long Term Investment Return? Do you know how to evaluate your Real Estate Investments? Home Point Real Estate based in the East Contra Costa County Community of Brentwood and serving nearby Antioch, Oakley, Discovery Bay, and Pittsburg (and Beyond) works with many Real Estate Investors sharing our knowledg... 06/04/2012

Real Estate Investor Tip of the Day – June 2, 2012 Many Investors are discouraged by the rising prices of Investment Properties. Don't be – this is a sign of things getting better. Admittedly a number of people wish they had bought one or two years ago (of bought more); but keep things in perspective. Five years ago if a Real Estate Investor bought an Investment Property they would expect to have a negative cash flow for at least the first several years. Now is still the time to buy Investment Properties and get a positive cash flow from the start. The amount of Positive Cash Flow will only get better with time. Do you need more Real Estate Investing Tips and guidelines? Then you should get the Free Book of Real Estate Investing only from Home Point Real Estate. We will also send you an... 06/02/2012

Real Estate Investor Tip of the Day – June 1, 2012 The market for Real Estate Investment Properties is getting tight in Antioch, Pittsburg, Oakley and other communities in California. My standard advise for Investors is to finance your purchase, so as to save capital for more investments. However, in this market having cash when you buy is a big plus. (Just a reminder – Don't expect a cash discount – just expect the Cash to get you near the front of the line.) There are multiple offers on almost every property. Cash and a quick close will help you get the Investment Property. But that is not the Real Estate Investing Tip. The tip is that right now there are loan programs that will let you cash out refi a non owner occupied property. So you can have your cake and eat it too. Cash Purchas... 06/01/2012

Buying a Home – 10 Things to Know when Making an Offer #10 – Occupancy When preparing your home offer you need to define when (or if) you will occupy the home. Post 10 will explain occupancy issues. Number 10 – Occupancy If you are Buying a Home in California right on the contract you will have to state if you are buying as an owner occupant or not – generally a Real Estate Investment. Some Home Sellers care because they have limits on sales to non-owner occupants. However, the lenders will care and it may make a difference on loan qualification. You also need to define when you will get occupancy to the home. The Home Seller may rent back while they prepare a move. As a Home Buyer the seller may let you move in before closing and this should be defined in the contract. If the property ... 05/31/2012

Buying a Home – 10 Things to Know when Make an Offer #3 – Down Payment This is our 3rd installment on other than price what do you need to know when Making an Offer on a Home. Home Buying is complex and there are many considerations. Number 3 – The Down Payment. For most Home Buyers the amount of down payment will be dictated by the loan and how much down payment is required. However, there can be an advantage to a larger down payment. A Large Down Payment tells the Seller you are serious and have the funds to make the purchase and over come possible problems with the loan or the appraisal. A larger amount down can eliminate the expense of Mortgage Insurance. It will also lower your monthly payments. These are all good considerations on why to put in a large down payment. The advantage ... 05/25/2012