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Market Conditions in 95203 : Real Estate Advice

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  • Home Buying0
  • Home Selling0
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Activity 24
Thu Jan 31, 2013
Randy Elliott answered:
The rental market is fairly strong and only getting stronger as more homeowners are forced into short selling or foreclosure. They'll have to rent somewhere, right? Why not from you?

I've read from a trusted source that rents will keep increasing over the next 2-3 yrs a little more than they have recently. That can only be good news for owners of investment properties.

Good luck and let me know if I can be of further assistance.

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0 votes 5 answers Share Flag
Tue Mar 12, 2013
Cindy Mello answered:
Hello Farris,

I'm not sure a lawyer is what you need. I am a real estate agent that has become all to familiar with your type of situation. We offer a free analysis of your loan documents and can save you the money of a lawyer doing it for you. We will go over your original loan documents for you and do a QWR or Qualified Written Request to your lender to determine your best course of action. If after reviewing the findings and it's decided you need an attorney, we can offer you a referral. In order for them to stop harassing you by phone, we also have a form letter we will send to your lender that they only communicate with you in writing, which could offer you some peace for a while until you decide how you want to proceed with them.

You have options, don't go it alone!

Warmest Regards
Cindy Mello
Mello Real Estate Group
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0 votes 6 answers Share Flag
Wed Dec 26, 2012
Janet Ramirez answered:
That I can see on public tax records no..last activity was in 1998. Are you interested in buying/selling?

Janet Ramirez
Integrity Real Estate Center, Inc.
Certified Hafa Specialist
Certified Distressed Property Expert
Broker Price Opinion Specialist
5904 N. El Dorado St Ste.# F
Stockton, Ca 95207
209-472-0389 Office
209-598-1502 cell
209-444-9888 efax
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0 votes 1 answer Share Flag
Sat Apr 30, 2016
Ron Thomas answered:
I think you are absolutely correct:
Another factor would be unemployment in the area.
In some cases, water availabity would affect housing prices.
The whole Country will not rebound equally. ... more
0 votes 3 answers Share Flag
Wed Dec 5, 2012
Kim Salaices answered:
For the most part, we are on an upward trend. If you would like detailed information about a specific area, please email me and I will get it for you.

Best regards,

Kim Salaices

(209) 298-1722
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0 votes 6 answers Share Flag
Wed Dec 5, 2012
Joseph Smith answered:
Hi Laura,
Although there is a variance for location, size and amenities of homes, according to our local MLS the average DOM for a sold property so far in 2012 is about 70 days.
Active properties are at about 71 days.
"Contingent" properties - mostly Short Sales - are at about 115 days.
Pendings are at about 54 days.
I hope this helps. You can feel free to find out specifically towards your situation by contacting me any time.
Have a great day.

Joseph Smith, Realtor®
REO Listing Specialist
HAFA Certified Short Sale Specialist

5713 N. Pershing Avenue Suite E
Stockton, CA 95207
DRE License # 01427426
Office (209) 476-4257
Cell (209) 969-4498
Fax (209) 762-5238
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0 votes 3 answers Share Flag
Mon Apr 28, 2014
Rocky G.H. Hawrysz answered:
Hi Maggie,

Most folks look for a home already built. The market for lot is much smaller as it would take a large about of work to line up and manage a contractor, build a single home and get the right financing in place. There's more to it than that, but perhaps you could share the street name or address of where the lot is located. There may be something else.

Best regards,

Rocky G.H. Hawrysz, Realtor | Prudential California Realty
(209) 444-6610 – Direct | | | License No. 01468373
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0 votes 5 answers Share Flag
Fri Jan 4, 2013
Kim Salaices answered:
There are some agencies that you should contact.

Foreclosure Mitigation Assistance/ Counseling 800-569-4287

Homeownership Preservation Foundation 888-995-4673

FDIC Foreclosure Prevention 877-275-3342

It is illegal for anyone to collect money up front for any modification services. If this attorney has charged you a fee, please call Federal Trade Commission 877-382-4357.

If you have questions or would like the websites for these organizations, please let me know. All services are free and very informative.

I hope that it helps!
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0 votes 3 answers Share Flag
Wed Dec 5, 2012
Jennifer Beeston answered:
High balance conforming is under 6% with zero points and you can do super jumbo 5/1 interest only with 1.25 point at 5.375%. That is not so high. The real problem you have are the downpayment and reserves requirements in the super jumbo category and the fact that stated loans are gone. 20-25% down minimum and 6-12 months reserves.
The root issue is that investors are not buying jumbo loans and the banks do not want to use all of their capital holding them. The banks can make a lot more $ doing small loans and reselling them; then holding a 30 year note on a 2 million dollar home. A true bummer but a sign of the times.
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0 votes 3 answers Share Flag
Thu Dec 5, 2013
Howard Chase answered:
Hi Liz -

Thats a good question. Unfortunately it is impossible for online sites like Trulia or Zillow to account for every sale or every nuance of a sale. Their information is based on Internet Data Exchange records which can be less than reliable. However, If you are looking for a general ballpark number on a valuation for a home, these sites can be very valuable.

Regarding the second part of your question, there is no general rule on whether a web estimator typically over or under-values properties; I have seen both many times.

The best idea for you is to hook up with a trusted and reliable realtor in the neighborhood you like and have him prepare a comparative market analysis for the home in question. Your realtor will be able to compile data from the MLS, county records and fellow realtors who may have been involved in the sale of comps to provide you with a very accurate valuation analysis.

Let me know if you need a good realtor in your neighborhood and I will do my best to help you out.

All the best,

Howard Chase
Broker, Howard Chase Real Estate, LLC
Miami Beach, FL
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0 votes 13 answers Share Flag
Wed Apr 15, 2009
Sj209 answered:
I am not sure what state the property in question is located within but you might want to check this website:

"HUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. As part of President Obama's comprehensive Homeowner Affordability and Stability Plan (HASP), you may be eligible for a special Making Home Affordable loan modification or refinance, to reduce your monthly payments and help you keep your home."

Good luck, my friend.
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0 votes 1 answer Share Flag
Thu Apr 9, 2009
Randy Elliott answered:
Hello Christina,

In my humble, but accurate :-) opinion, I feel that it's worth it to use an atty at this point if you've tried other avenues with no results. Starting with your current lender on your own can sometimes bring you positive results.

We've actually referred about 6 people recently to what we feel is someone very trustworthy (and that's the hard part in this situation) and we are hopeful to get good results for them. I can't say for sure at this point because the process has just been started. This person has been in the lending business for many years and is working directly with a team of attys that are specializing in loan mods.

I say this because I feel it's worth it to spend a little money in hopes of saving a LOT of money in the long run.

You might want to visit to get some good information that might help you in your situation and you may even find out that you won't need to hire an atty at all.

Research, research, research.

Good luck,

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0 votes 1 answer Share Flag
Tue Mar 10, 2009
Rocky G.H. Hawrysz answered:
Hi Sue,

I'm not sure what your income is or what your payments are and I don't know the particulars of your financial situation, but I understand what you’re going through. It's tough times for a lot of folks and it's going to take some time for the market to recover. You may want to see the statistics at . I would say if you don't have an inheritance coming or some other cash reserves available and you’re depleting your reserves and soon you will be unable to make a payment, you may want to consider renegotiating your loan with the lender or possibly a short-sale. I would suggest, if you’re considering these options you sit down with a Realtor to understand the particulars. I'm sure anyone of us would be happy to help you.

Best regards,

Rocky G.H. Hawrysz
Realtor, Broker Associate, e-PRO
(209) 444-6610
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0 votes 1 answer Share Flag
Mon Feb 23, 2009
Rocky G.H. Hawrysz answered:
Hi Hebrews 11:11,

You may want to try these web sites:

Also, here are the current listings in Brookside you can use to make a comparison.

4346 Saint Andrews Dr Stockton 220, F8 3-4 4 3,205 0.230ac 1992 SNP 01/07/09 226.21 47/299 725,000 725,000
4625 Spyglass Dr Stockton 100, A3 5 6 3,634 0.190ac 2002 SNP 02/13/09 216.02 10/10 785,000 785,000
4031 Glen Abby Cir Stockton 220, E8 4-5 4 3,579 0.240ac 1993 SNP 11/03/08 223.39 112/112 899,950 799,500
5183 Poppy Hills Cir Stockton 225, D1 5 3 3,146 0.330ac 2001 SN 01/21/09 265.38 33/242 834,900 834,900
3852 Gleneagles Dr Stockton 220, E8 3 3 2,981 0.360ac 1992 SN 11/04/08 301.58 111/111 989,000 899,000
4677 Pine Valley Cir Stockton 220, E8 5-6 6 5,000 0.240ac 1993 SNP 12/01/08 270.00 82/82 1,350,000 1,350,000
4942 Saint Andrews Dr Stockton 225, E1 3 3 3,100 0.280ac 2000 SN 01/11/09 491.94 43/43 1,689,000 1,525,000
4670 Saint Andrews Dr Stockton 225, E1 4 4 3,767 0.280ac 1995 SN 10/28/08 424.73 117/117 1,799,950 1,599,950
5099 Spanish Bay Cir Stockton 220, E8 5-6 6 5,273 0.290ac Unde SN 12/08/08 390.48 77/185 2,059,000 2,059,000
5330 Saint Andrews Dr Stockton 220, E8 4 5 5,579 0.250ac 2004 SN 02/03/09 393.44 18/18 2,195,000 2,195,000
4744 Saint Andrews Dr Stockton 233, B3 5 7 5,962 0.250ac Unde SN 11/14/07 401.71 467/467 2,395,000 2,395,000
4868 Saint Andrews Dr Stockton 225, E1 4-5 6 6,800 0.270ac 2004 SNP 01/10/09 366.91 44/44 2,495,000 2,495,000
5650 Saint Andrews Dr Stockton 220, D7 5 6 6,200 0.340ac 2008 SN 02/18/09 486.29 5/5 3,005,000 3,015,000

I trust this will help you and let us know if you have any more questions.

Best regards,

Rocky G.H. Hawrysz
Broker Associate, Realtor, e-Pro
Prudential California Realty
(209) 444-6610
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0 votes 1 answer Share Flag
Fri Jan 4, 2013
Kathleen Shaffer answered:
when you say litigation do you mean attorneys who help with litigation?
0 votes 4 answers Share Flag
Thu Jun 20, 2013
Kathleen Shaffer answered:
If you start the process of loan modification, you must be assuming that the lender wants to work with you.
They will make you stop making payments for at least three months
Then they will consider talking with you.
They will ask for ALL your assets and debt....a full accounting of your financials.
401k and all.
They will then review it to decide if you are having a "hardship" and if you qualify for assistance.

All the while this is going on you are not making mortgage payments. This can take from 3 months to 18 months. During that time your credit score is declining...and believe me it does.

I cannot recommend to you what you should do. But personally, I went through this hell for over 22 months and in the end the bank did not modify my loan, did not accept any offers I brought on the property, eventually foreclosed and is now sending me a 1099 for the debt relief that I will owe taxes on.

How is that for "Helping the Homeowner"
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0 votes 8 answers Share Flag
Sun Dec 28, 2008
Keith Manson- Metro Milwaukee Wisconsin answered:
This could be true , but usually there is a letter from the lender requiring this. You should call country wide and find out for sure. It could depend on the amount of the short sale and the position of the loan, i.e; is the loan a first loan or a second loan. ... more
0 votes 9 answers Share Flag
Mon Jan 5, 2009
Dallas Texas answered:
If I understand your question correctly do you own a home currently financed thru an investor? If it is review investor contract why would it need to refinance a loan is that investor request or your request? Most investor have higher % interest rate usually dont refi.

If you have a lender thru a standard mortgage company loan modication is rolled into the overall not including closing costs.

Short sale will have negative impact on your credit scores if the lender reports to credit bureaus. Short sale you'll need to relocate deposits, on rental and etc. Best place all on excel spread sheet compare out going costs vs. saving a home
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0 votes 21 answers Share Flag
Thu Jan 22, 2009
Coastal Short Sales answered:
Christina....we recommend you keep all options open, I have seen home owners rely on a loan modification only to have it denied and then have their home go to foreclosure because it is too late to complete a short sale. Make sure you keep track of any notices filed against your property and, if a Notice of Trustees Sale is filed while you are in the modification process, make sure you get something in writing from your lender that preferably cancels, but at a minimum postpones the sale. I hope it works out for you and you are able to stay in your home...good luck. ... more
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