Lancaster, CA

Being from California, specifically the Palmdale and Lancaster area, loan modifications here might differ from other areas of the country.
I recently went to a NACA (Neighborhood Assistance Corporation of America) convention here in LA. If you are like me, you have clients who ask for your help. Most of these families want to stay in there homes but for mulitple reason, the economy not withstanding, they are struggling to make their payments. NACA has a lobby that puts pressure on the lenders to work with these owners. I was extremely impressed with how the system works. After meeting with a representative of NACA and going through your numbers, they recommend what you can afford as a payment. Then you actually meet with a representative with your lender and work out a deal right on the spot. I saw families taking their payments down by over one third. What the lender does is drop the interest rate down to 2%. I know that this is not more than a bandaid on a hemmorage but it is more than most lenders have been willing to do and it is a start. The borrower needs to be aware that their income to expenses can't be too high. Also, they do not qualify if it is an income property. You can find them at www.naca.com. They have conventions all around the nation. You just might become a hero to some of your clients.

Good Luck!

Since moving to the Antelope Valley with my family in 1987, I have seen it grow from a small community of less than 100,000 residents to a thriving city of over 300,000. I have been an active member of the community, involved in youth sports as a coach and Board of Directors member, as a commercial business owner and as a supporter of elementary education, through the Palmdale Education Foundation, and as a founding sponsor of Keller Williams' adopted school, Eastside Elementary. I love being able to call Palmdale my home and raising my children here was the best decision I could have made for their future.

Since becoming a Realtor in 2001, I have been fortunate to be consistently ranked in the Top 10 agents in both sales and listings. I bring my expertise and knowledge of the Antelope Valley, along with my personal commitment to excellence and integrity, to every real estate transaction.

As you can see, I have a vested interest in the quality of life in our community. I am very proud of our community and the people who live here. My philosophy, my goal is to have you be amazed with the quality of my services. You have my personal guarantee that you will never find a more complete and satisfactory real estate experience anywhere.

I WANT TO EXCEED YOUR EXPECTATIONS!

Mark Sall-Broker
661-965-4647
fax: 480-287-9644

Are you upside down on your home? Do you want help saving your home? Janet O'Brian short sale agent may be able to help you save your home. Janet O'Brian has the knowledge and expertise to help you. I'll give you with choices, you make the decision.

Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/.

Janet O'Brian is a Certified Short Sales Specialist and is ready to help you with your situation please visit her web-site.

East Lancaster, California Real Estate

We here at the Gockel Group, continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find East Lancaster real estate statistics for the last seven days.

Total inventory today is: 167
Of these, the number that are short pays is: 60
Number of homes entering the market in the last 7 days: 26
Of these, the number that are short pays is: 8
Number of homes entering escrow in the last 7 days: 53
Number of homes closing escrow (sold) in the last 7 days: 25
Of these, the number that are short pays is: 2
Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 8

See my 24 hour Market Report of the entire Antelope Valley by viewing A.V. Real Estate Trends (or paste www.gockelgroup.com/charts to your browser)

View my top 10 listing picks of the day for this area.

To find the true value of your home with a free, over-the-net home evaluation, please visit: Palmdale, Lancaster & Antelope Valley Real Estate Online (or paste www.homes-on-the-web.com to your browser).

Now you can locate homes that match your needs as you drive through the neighborhood. This custom application runs on your bluetooth enable phone and makes use of the built in GPS technology. Try this simple and free application now, just click HERE to start using this new technology to find your dream home, or text HOTW to 87778.

If you would like a free list of homes for sale in the area, would like more information about East Lancaster or would like to speak directly to a professional agent, then give me a call:

Don Gockel, GRI, Realtor®
DRE #01319651
The Gockel Group
888-455-1543

Palmdale, Lancaster & Antelope Valley Real Estate Online
(or paste www.homes-on-the-web.com to your browser)
To send me email - click here
(don@homes-on-the-web.com)

DU 8.0 changes are headed our way. One of the major changes will be to the DTI limits allowed on AUS desicion loans. 45% will be the standard with DU allowing up to 50% with strong compensating factors.

If you are looking to buy this year you need to get with your loan officer very soon to make sure you are properly structured. Remember if you own a home already and want to buy a new primary you must qualify with both mortgage payments unless you currently have 25% + equity in your current home. With the new rules you will need to qualify for both mortgage payments and incude all other liabilities on your credit report and will not be able to exceed 45% of your gross monthly income.

Dont delay, get qualifed to purchase and start looking today. From the time most buyers start looking until they finally have an accepted offer and are in escrow it is taking an average of 45-60days. So plan accordinly.

You can apply online @ www.MORROWMORTGAGE.com

Follow me on Facebook @ http://www.facebook.com/pages/Lancaster-CA/Ryan-Morrow-Loan-Officer-With-Frost-Mortgage-Lending-Group/114957488747