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Residential Listings:  There are 1,856 active listings and another 356 listings that are pending (in escrow)…up from 1,702 a little over a month ago!  Year-to-date during 2008 we have had 676 listings that have sold (closed escrow), during April 2008 we had 163 escrows closed and so far in May we [...]

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Priced to sell…this property is located in the historic district of French Gulch and is under 20 minutes from Downtown Redding and under 5 minutes from Whiskeytown and the Oak Bottom Marina!  Great opportunity with operating restaurant, bar and bed and breakfast…great for weddings, family [...]

Join the forum discussion on this post - (1) PostsActual activity that is available straight from the Shasta MLS database as of today, May 6, 2008:

Residential Listings:  There are 1,806 active listings and another 348 listings that are pending (in escrow)…up from 1,702 a couple weeks ago!  Year-to-date during 2008 we have had 568 listings that have sold [...]

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Join the forum discussion on this post - (1) PostsThe tax implications for the borrower could be so significant that a short sale would not be in the borrower’s best interest.  Before a short sale is contemplated, it is strongly recommended that the borrower seek the advice of a professional tax advisor.
 
Generally speaking, any [...]

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Residential Sales Trends March 2008

Join the forum discussion on this post - (1) PostsAs inflation rises and costs of housing increase lenders are making higher loans amounts that can become too difficult for borrowers to repay.  This being said, some of these borrowers may not be able to fulfill their mortgage obligations.  When a borrower is no longer in a [...]

Join the forum discussion on this post - (1) PostsIt is always in the best interest of the borrower to keep the lender informed. If the borrower is in default of the loan and is contemplating a short sale, it would be best for the borrower to let the lender know before the foreclosure [...]

Join the forum discussion on this post - (1) PostsLenders will typically require a distressed borrower to furnish a variety of documents, which could include the following.  This is a compiled list and will vary with each lender:

Written explanation (and proof) of the hardship the borrower is experiencing;
Copy of the purchase contract signed by [...]