Foreclosures

Zombie Foreclosures

by troysage March 13, 2014 Foreclosure Alternatives

Zombie Foreclosure the new buzz word for 2014
The truth about Zombie Foreclosures and how to avoid this Monster.

The banking industry and press have done it again by placing a great spin on foreclosures across the country by naming vacant foreclosures “Zombie Foreclosures”.  In a report published today by DSNews.com Zombie Foreclosures consist of 21% of …

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Foreclosure Filings Hit Six-and-a-Half-Year Low – Troy Sage of TSS Realty Group

by troysage July 11, 2013 Foreclosures

Foreclosure Filings Hit Six-and-a-Half-Year Low – Troy Sage of TSS Realty Group

 

Yet another sign that there is no Shadow Inventory.  If you look at the statistics below, you’ll see the National Numbers for Foreclosure is very low.  This means home prices should stabilize and increase.  I’m not saying the market will skyrocket like in 2006 …

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Foreclosure Shadow Inventory Falls 34% – Troy Sage of TSS Realty Group

by troysage July 10, 2013 Foreclosures

Foreclosure Shadow Inventory Falls 34% – Troy Sage of TSS Realty Group

 

The buzz phrase “Shadow Inventory” and what it means to inventory, investors, and house prices is a major misconception.  When the press is reporting the massive amount of Shadow Inventory, they are talking about national statistics, not local markets.  This has become very confusing …

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Fannie Mae REO Bulk Sale update 3

by troysage August 29, 2012 Foreclosures

Well my friends the plot thickens!  Fannie Mae is planning on selling 500 Foreclosed Homes in Riverside, Los Angeles, and San Bernardino Counties by the end of this Quarter to Private Investors.  This will most likely be the same Off Shore investors that contributed to the Real Estate Crash of 2008.  What is being proposed …

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REO bulk Sales and Fannie Mae – Temecula Real Estate – Troy Sage

by troysage August 21, 2012 Foreclosures

REO bulk Sales and Fannie Mae – Temecula Real Estate – Troy Sage

Attention Home Sellers and Home Buyers.  This will effect everyone in the Inland Valley.  Fannie Mae is pushing forward with REO Bulk Sales.  What does this mean?  This means that after our Federal Government has Bailed them out with Billions of Dollars, they …

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How long will it take for the Real Estate market to adjust? – Real estate news by Troy Sage

by troysage December 7, 2011 Foreclosures

We are consistently be asked the magic question of “When will the real estate market adjust?”.  Well a report written today by www.DSNews.com reveals information given by Fannie May on Tuesday may give you some insight to our market.

“We are five years through a 10-year adjustment process,” said Fannie Mae chief economist Doug Duncan at …

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Foreclosure activity is DOWN in California

by troysage August 18, 2011 Foreclosures

Foreclosures in California are reported to be down over 20% as compared to last year at this time.  This is due to the massive push by lenders to settle Short Sales instead of foreclosing on homeowners.  Since the fall of our Real Estate Market the Federal Government and lenders have been doing what they can …

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Temecula Area Real Estate – Short Sale vs Foreclosure information for Homeowners in Distress

by troysage May 27, 2011 Foreclosures

I’ve been asked many times by homeowners in distress, whats the difference between a Short Sale and a Foreclosure? Well there are several advantages to a short sale when compared to a Foreclosure.

In a foreclosure if there is a deficiency right by the lien holder (Bank or Mortgage Company) there is no negotiating the deficiency. …

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Troy Sage Temecula Real Estate – Foreclosure Freeze and Short Sales

by October 11, 2010 Foreclosures

Hot off the presses, major banks including Bank of America, JPMorgan Chase, and GMAC have Halted foreclosures.  This announcement came last week as an attempt for banks to revisit their foreclosure process, and allow the banks time to make sure they are evaluating delinquent loans properly.  So, what does that mean for homeowners?

This is …

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Troy Sage – Buyers using Loan Brokers to Purchase Short Sales. What a mess.

by September 10, 2010 Foreclosure Alternatives

Ok my friends, there is yet another trend in purchasing Short Sale and it’s not a good trend.

I have had several buyers in the past 30 days purchase Short Sales and use a loan broker referred to them by a friend or they simply found them online. Using a loan broker is not a bad …

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