Rebekah's Blog

    Rebekah Owen, REO PRO! | Benchmark Properties | 650.492.5958 1677 White Creek, San Jose, CA Gorgeous Dry Creek Village Townhouse in the heart of Willow Glen. 2 Bed 2 Bath PLUS Den with 2 car garage, updated kitchen and private patio. 2BR/2+1BA Condo   offered at $574,500 Year Built 1977 Sq Fo...

Got another BofA short sale this week. I know. I said never again but this is a family friend. He hasn't made a payment in 19 months and BofA just filed the NOD. So, now I have 90 days plus 21 to get this thing into contract and sold. BofA still holds my all time record for LONGEST AND MOST PAINF...

It's funny how the front end of Bank of America, originally Bank of Italy, is all pretty customer service - we love you we want you - then on the back end they employ folks that make loan sharks look generous! I have been negotiating a short sale for my clients for 5 months. They are good people,...

I get asked about rates a lot. The public's perception is that; if the Feds are lowering rates then mortgage rates should be dropping also. Mortgage rates follow the TBill - not the bank offer rate - and the TBill is rising fueled by inflation worries. I really like Mark Dotzour's explanation bel...

 The economic stimulus package passed and everyone is asking when the conforming loan limits will increase. Well, the latest answer is July 1. But remember, the Fannie Mae and Freddie Mac conforming loan limits of $729,750 are temporary measure available 7/1/08 - 12/31/08 while it appears the Fed...

Besides the $729K loan limit - there are some great incentives for businesses, from the IRS Newswire:2008 Economic Stimulus Act Provides Tax Benefits to BusinessesWASHINGTON — In addition to providing stimulus payments to individuals, the Economic Stimulus Act of 2008 provides incentives to busin...