Mitch's Real Estate World

Lodi CA Home With Pool!

This Lodi Home For Sale Has 5 Bedrooms and a Beautiful Swan Pool!

Virtual Tour For 2034 Incline Drive

Beautiful 5 Br 3 bath home with 3 car tandem garage and built-in Swan pool & waterfall. Spacious gourmet kitchen with 5 burner stove, maple cabinets and Corian counters. Large family room with marble fireplace. Tile floors and baths. 2-inch blinds throughout. Roomy master suite has dual walk-in closets, tiled floor, shower, counters and tub.

Just Reduced to 344,000!

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Wilton CA Ranch With Pool

This Ranch is No Longer Available

This Ranch For Sale has 2.56 Acres and a gorgeous built in pool

Virtual tour for 9144 Meadow lane

Nice Country/Horse Property in Great Location on 2.56 Acres. 4 bedroom 2 bath home with gorgeous built in pool and waterfall. Open kitchen with corian counter tops and oak cabinets. Spacious master bedroom (possible inlaw unit) with separate office or 5th bedroom. Roomy great room with fireplace and ceiling plus separate family room/dining room. Large barn for storage or vehicle parking. This great country property has a pasture and is cross fenced.

$249,950
4 bedrooms
2 bathrooms
2100 sq. ft.
2.56 Acres
Built in pool
26' x 26' barn

For information about another home for sale:
Homes For Sale

Do You know someone struggling with their house Payment?
Get answers and options now!

Strategic Defaults in San Joaquin County

Have you heard of a "Strategic Default"? Unfortunately this term has become more common in the Real Estate industry and media. In reality, a default or foreclosure is never a simple or painless process and seldom strategic. In fact, defaulting on a loan can be devastating and destroy the financial future of a homeowner and their family.

What is a Strategic Default?

A Strategic Default occurs when a property owner chooses to walk away from a property and therefore the loan, when they may be perfectly capable of making the payments. This often occurs when the homeowner is "upside down" or owes more more on the property than it's worth and feels the home is no longer a good investment.

This strategy may lead to many negative scenarios including:

1. Foreclosure

2. Deficiency Judgement

3. Destroyed Credit

4. Tax Liability

5. Negative Employment Issues

6. Public Record of Foreclosure

Free Strategic Default Report

Strategic Default Options

Distressed homeowners have many options.

One option is doing a Short Sale. A Short Sale is when the homeowner and Realtor work with the lender to accept a selling price that is less than what is owed on the loan.

A second option is a Loan Modification. A Loan Modification is where the lender agrees to modify the terms of the loan.

A third  option is Forebearance. A Lender may be able to arrange a repayment plan.

The fourth option is Deed in Lieu or giving the property back to the bank instead of the bank foreclosing.

What Option to Choose?

1. Speak to a professional Realtor that specializes in helping distressed homeowners, like a CDPE designated Realtor.

2. Contact your bank and discuss your particular situation.

3. Don't panic and make a poor decision.

Compare Strategic Foreclosure Versus a Short Sale

Deed In Lieu of Foreclosure in San Joaquin County

To deed or not to deed, that is the question.

Many homeowners are in an unbearable situations and need to make decisions and do not know what to do or where to turn. Lost jobs, late payments and desperation.

Click for Options and Solutions for Foreclosure

One topic that continually pops up is Deed in Lieu of Foreclosure or the "Friendly Foreclosure" Versus a Short Sale. A Deed in Lieu can be good for the bank, but not necessarily good for the homeowner. During this process, the home is voluntarily given to the bank because the homeowner can no longer make payments. The bank takes the home back without having to go through the foreclosure process. The bad news for a homeowner is that a deed in lieu can damage one's credit as bad as a full foreclosure. Also, for a Deed in Lieu, most banks require that a property be on the market at fair market value for 90 days before they will consider granting this option. Also, keep in mind that a  Deed in Lieu will be a typical question asked on a credit and Job application whereas a Short Sale will not be of concern.

Short Sale Solutions

In a Short Sale, the homeowner works with the lender to accept a selling price that is less than what is owed on the loan.

Benefits of a Short Sale are as follows:

1. Salvaging credit.

2. The feeling of achievement for selling the property without going through the horrors of Foreclosure.

3. Putting the the seller in a position to negotiate the removal of a deficiency judgment if applicable.

4. With a Short Sale the seller may be able to purchase a home again in as little as two years.

Click to obtain your free Deed In Lieu Report 

Stockton CA Home With Pool.

This home is no longer available.

This Stockton Home For Sale has a huge 17,860 Sq. Ft. lot with R.V. parking and a built in Pool.

Virtual Tour for 616 Burnham Court:

3 bedroom 2 bath home with pool on huge .41 Acre lot with R.V. Parking. Open kitchen with dining bar and pantry. Vaulted ceiling living room with wood burning fireplace. Large family room with ceiling fan. Roomy master bedroom with walk-in closet.

$160,000
3 bedrooms
2 bathrooms
1885 SQ. Ft.
.41 acre lot
Built-in pool
R.V. Parking

For information about another home for sale:

Stockton CA Homes For Sale

Do You know someone struggling with their house Payment?
Get answers and options now!

Lodi California Homes For Sale  

This Home is no longer available.

This Lodi California home for sale is a gorgeous country estate that offers quiet country living and views of a gorgeous Chardonnay Vineyard.

Virtual Tour for 1023 west turner: 

Gorgeous 6,057 square foot country estate on 9.64 acres surrounded by a Chardonnay Vineyard. 5 bedrooms (3 spacious master suites), 4 1/2 bathrooms with a 4 car garage. Elegant open kitchen with granite counters and custom maple cabinets. Separate formal dining room, family room, library/office, media room and laundry room. Beautiful fenced yard with built-in pool and spa and covered patio. Central vac, soft water, surround sound and alarm system. A special one of a kind property!

• $1,450,000

• 5 bedrooms 4.5 bathrooms

• Two Story – 6057 Square Feet

• 4 car garage

For information about another home for sale:

Lodi CA Homes For Sale

The Short Sale Option in Lodi, Ca and Stockton, CA

Chances are in today's market, we all know someone who is having trouble making the house payment each month. Obviously this is not a good situation and homeowners need guidance and assistance. According to statistics, up to 70% of distressed homeowners choose to move through this process alone, not realizing that crucial decisions could make the outcome of their situation much better.

Steps For The Distressed Homeowner

1. Realize that you have a problem and become proactive in finding a solution.

2. Contact a professional that specializes in Preventing Foreclosure.

    Short Sale Option http://stopforeclosurelodistockton.com/

3. Organize your financial information and documents. Regardless of what option is chosen,

    this crucial step can speed up the process.

4. Contact the lender as soon as possible and discuss your situation. Lenders want to avoid

    Foreclosure at all costs. Learn about Loan Modification. http://TrivalleyBroker.net/

5. Understand the various Foreclosure avoidance options. (See Previous Blog)

Short Sale Option 

A Short Sale is a dignified alternative to Foreclosure, where the lender allows the homeowner to sell their property for less then what is owed. A Short Sale may help a homeowner prevent Foreclosure and or Bankruptcy and salvage their credit rating.

My goal as a Real Estate Broker is to keep the distressed homeowner in their home, but when a Loan Modification is not successful and other choices have been exhausted, a Short Sale becomes a viable option. A Short Sale can also put the seller in a position to purchase a home again in as little as two years.

Stop Foreclosure http://lodibroker.com/

Prevent Foreclosure in Lodi and Stockton, CA. Many homeowners in the Lodi Stockton Area are finding themselves in situations where they are unable to continue making their house payment. The homeowners feels trapped, helpless and have no idea how to Stop Foreclosure. Fortunately there are options.

How to Prevent Foreclosure

1. Payoff the loan completely or Refinance

2. Reinstatement- Paying the default amount plus all additional fees

3. Loan modification-Prevent Foreclosure http://trivalleybroker.net/

4. Forebearance- Lender may be able to arrange a repayment plan

5. Deed in Lieu- Giving the property back to the bank instead of the bank foreclosing

6. Bankruptcy- This option can liquidate debt and possibly allow more time

7. Traditional Sale- If the property has equity, the homeowner may sell the property without lender approval

8. Short Sale. If a homeowner owes more on their property than it’s currently worth, they can hire a qualified Realtor to list, market and negotiate a Short Sale with their lender. A short sale can Prevent Foreclosure.

Short Sale Help! http://stopforeclosurelodistockton.com/

My goal as a Real Estate Broker is to keep the distressed homeowner in their home. When a Loan Modification or the other options mentioned are not possible, a Short Sale becomes a viable option. Not only can a successful Short Sale Prevent Foreclosure, it can also put the seller in a position to purchase a home again in as little as two years.

Property Search http://lodibroker.com/

Instead of focusing on the negative, a Short Sale can Stop Foreclosure and can be viewed as the beginning of a fresh new start.