I have seen more than 10% decline over the last three weeks in estimated value of our soon-to-be-listed home in Occidental. What could cause this?

Asked by Willard S. Foster, Trustee, Sebastopol, CA Mon Oct 8, 2012

Physical address is 14399 Occidental Road. Nothing about the property is known to have changed. Is it the uncertainty of the upcoming election?

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Terry Bell, Agent, Santa Rosa, CA
Sat Oct 27, 2012
Well, I hope you're not going by Zillow on an important decision like listing your home! Every home is unique and that is why banks still send out appraisers on loans! You need to have several market analysis's done by different agents and get their opinions and also see who you feel comfortable to work with. An agent can give you a lot of tips to make your home stand out in the crowd! Sebastopol area is always an area that has kept it values high. A few random forclosures in the area should not drag your home's value down in this market! Talk to some professionals, Best, Terry Bell, CPS RE, Santa Rosa 707-292-5712
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Barbara Ellis, Agent, Rohnert Park, CA
Thu Oct 25, 2012
Hi Willard,
Determining values in West County is very difficult through the algorithms used by on-line sites. The algorithms are dependent upon similar homes selling in a close proximity. There is very little similar about any two homes in Occidental. The value varies based upon the homes that have sold which could be the difference between the setting, the condition of the house and the status of the property (short sale, REO or private sale). You should consult with a Realtor to determine what the potential value of your home is - I doubt that it has varied much in three weeks but the local sales could easily have varied by 10%. In general, property values are rising in Sonoma County. It is all in the statistics.

Barbara Ellis, RE/MAX PROs
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CJ Holmes, Agent, Santa Rosa, CA
Mon Oct 8, 2012
Watch out. The bank/government cartel are cancelling all loan mods, and ramping up their off-shore subsidiaries to foreclose with impunity. I fear "we ain't seen nothin' yet"...

Join the Foreclosure Town Hall on the phone tonight. Click the http interoccupy link, click register, then sign up. Get ready for the ride of your life.

Oregon Occupy Foreclosures, our interoccupy.net teleconference every Mon, 5:30 PM Pacific Time, enters a new phase with a special guest, CJ Holmes, on Mon, Oct 8. Please click this link, register for the calls, and let others in your groups know we are making a difference for homeowners, tenants and others in the Pac NW. http://interoccupy.net/blog/ai1ec_event/oregon-occupy-forecl…

This week, CJ Holmes of Home Owners for Justice will discuss Eminent domain and its place in mortgage reform and anti-foreclosure actions. Let's Invite homeowners, activists, and anyone interested in identifying the people who have brought their problems and deceptive practices into our neighborhoods.

COMMENTS FROM CJ’S PRESENTATION ON 10/2 to Occupy Bernal, San Francisco:
“At last Tuesday evening’s Educational Workgroup program, real estate broker CJ Holmes asserted that as of sometime in early 2013, our foreclosure fighting techniques will be obsolete. According to her--and you are encouraged to visit her homeowners for justice website http://www.hofj.org, the banking cartel will have largely insulated themselves from any inhibitions permissible to forestall foreclosures related to securitized mortgages.

Securitized mortgages, remember, are the mortgages no longer held intact by a single lender, but have instead been divided into pieces of investment debt. You might think of it as something like a mutual fund. What stock do you own when you own a mutual fund? A little bit of a lot of different businesses. The point here, which CJ made, is that with securitized mortgages there is no “there” to talk to about mortgages. The mortgage is broken up into literally hundreds even thousands of investors.

What the banks have done, according to CJ, is off-shore and anonymize the broker of these fractured mortgages. What that means is that any complaint which might currently have weight with a bank or investment firm will have no weight with a telephone operator in India employed by a blind corporation based in Malaysia. In short, there will be no bank and its officers for us to assail during the foreclosure process. PERIOD. No John Stumpf. No Nationstar. Nobody will be home. And the foreclosure avalanche will commence, according to CJ.

Is she right? I don’t know. But her recommendation is that we prepare for this possibility by acquainting County Supervisors (who oversee land title matters throughout the U.S.) with this possibility, and prep those Supervisors regarding the option of THE COUNTY EMINENT DOMAINING THE TROUBLED SECURITIZED MORTGAGES AND DEMANDING PROOF OF TITLE. CJ argues that since clear title cannot be produced (because it has been atomized into hundreds of investment shards) the county could take possession of these loans for free and reissue modified loans to the families otherwise in foreclosure. Combined with the establishment of a public bank, this could create a powerhouse of wealth for the people.

There’s more to the model CJ has put forward, but all I will supply here is a taste. A public bank receiving moderate interest on a ton of real estate will generate enough public revenue to reduce onerous taxes on working class incomes AND MAINTAIN public programs.”
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