Gevon Polgar - Real Estate

Short sales are getting much shorter, Freddie Mac says. The mortgage giant launched a Freddie Mac Standard Short Sale program on Nov. 1 that sought to speed up the short sale process and make it easier and more transparent. "We estimate that the time to complete a short sale will decrease by approximately 50 percent to 75 percent," as a result of the changes, writes Tracy Mooney, Freddie Mac’s EVP in a recent blog post. Among the changes that took effect Nov. 1, 2012: Mortgage servicers have 30 days to make a decision on a short sale once they receive an application. If they need to negotiate with a third party, they have 30 additional days. A final decision on the short sale must be made within 60 days. Mortgage servicers are required to acknowledge they received the short sale application within three days of submission. Servicers must provide weekly status updates if they end up needing more time to review the application past the initial 30-day period. Mortgag...

MOUNTAIN HOUSE, CA OFFERS Call: Gevon 408-203-3596 Description Photos Map Walk Score Schools Calculator Website Share/Email 4BR/3BA Single Family House offered at $430,000 Year Built 2006 Sq Footage 3,219 Bedrooms 4 Bathrooms 3 full, 0 partial Floors 2 Parking 3 Car garage Lot Size 5,227 sqft HOA/Maint $0 per month see more photos > TO MAKE AN OFFER CALL/TEXT: 408-203-3596 Gevon Polgar Klemm Real Estate DRE License # 01875675 (408) 203-3596 For sale by agent/broker View my other listings

For Sale: 5BR/3BA Single Family House in Mountain House, CA, $330,000

Short Sale Expert Visit:   www.Short-Sale-Advisor.com for your free Short Sale Guide

Real estate markets across the country are inching their way to a slow recovery after bottoming out, according to several real estate economists who spoke at a forum hosted by the National Association of Real Estate Editors. National Association of REALTORS®’ Chief Economist Lawrence Yun, Zillow Chief Economist Stan Humphries, and National Association of Home Builders Chief Economist David Crowe shared their views on the direction of the housing market during the forum. "Last year was the worst year on record for [new] house sales, for 60 years of housing-sale info," Crowe said. But things are picking up, the economists note, despite several challenges still threatening that recovery. Yun says that appraisal issues are holding back up to 20 percent of home sales and that lenders’ tightened mortgage underwriting standards are likely holding back another 15 to 20 percent of potential home deals. Here are some of the economists’ forecasts: 1. New-home market: The NAHB pred...

Obama Extends Foreclosure Prevention Program Aid