Ricco Sells Homes Blog

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Real Estate Agent - Coldwell Banker Realty - 3388320
If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closi...
Here are the National foreclosure & default numbers according to the Mortgage Bankers Association for the 3rd quarter of 2009.  Mortgage Deliquencies - National Numbers Quarter 3 - 2009    All Mortgages: 4.38% in Foreclosure 9.94% in Default (30+ days late) 14.32% Total in default Prime Mortgages...
I think we can all agree, it's easier to get somewhere when we have a road-map placed in front of us.  In the present default market many struggling homeowners are uncertain of what to do.  Many want to get through the process with their dignity in tact.  Many need questions answered.  Many want ...
Prior to this financial chaos, lenders had no consistent set of guidelines on what to do when borrowers defaulted.  Usually the lenders tacked missed payments and late fees onto the principle increasing the principle balance and payments. This did nothing for the homeowner.  President Obama's "Ma...
Residential Repair & Rehabilitation Programs Handy Worker Program This program is managed by the Santa Clarita Senior Center and helps low- and moderate-income residents repair their homes with grants for work not to exceed $2,500. Click here to see current income restrictions. Grant applicants m...
If your considering a short sale as an option to avoid foreclosure, I highly recommend you hire a Realtor who has sought out extensive training and has experience in handling these transactions.  Jenifer and I have been dissecting the default process since 2006. My experience as a Loan Officer ha...
A Certified Distressed Property Expert® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide sol...
Are promissory notes on 2nd liens good or bad for clients during a short sale?  It's common knowledge that a foreclosure, deficiency judgment or debt being sold to a collections company will have a serious negative impact on an individuals credit history, but what about an unsecured promissory no...
I find it hard to believe some Realtors are still trying to bypass educating themselves fully in pre foreclosure process. Utilizing third party negotiators to negotiate pre foreclosure's can be a benefit; however the Realtor has the fiduciary duty to ensure the negotiator is licensed and skilled ...

Gary Ricco

Tampa Bay Real Estate Specialist
local_phone(661) 645-9409
smartphone(661) 645-9409
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