Paul Caloca's Blog

By
Real Estate Agent - The Papas Group (DRE #01766524)

ARCHIVED BLOG POSTS

2011 

Patience is required due to the fact that the current housing crisis has created a tsunami of distressed properties that lenders must process. At one meeting I attended recently, is was discussed that each short sale loan processor at one bank had a case load of about 300 loans to work causing m...
01/27/2011
As a buyer considering purchasing a short sale, there are some critical questions we ask you to help determine if this is the right type of real estate transaction to start: Am I willing to demonstrate to TWO lenders, both yours and the seller's, that you have the credit worthiness (FICO score) a...
01/27/2011
In a Google Maps blog post today, Google states that they are discontinuting display of real estate lsitings as of 2/10/2011. This is huge due to so many third party tools and sites using the real estate display feature. How many smartphone apps and tools will this decision kill? It appears that ...
01/27/2011
A new law in California went into effect on January 1, 2011 that added forensic and other loan audit activity to the definition of "Foreclosure Consultant" making forensic loan auditors subject to strict limitations and a requirement to post a $100,000 surety bond. "... any person who offers to a...
01/22/2011
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Paul Caloca

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