Monday, 30 July 2012


It is every family’s nightmare to receive a notice of default and no words can explain best what a family goes through when they lose their homes to foreclosure. For starters let us define foreclosure; foreclosure is the process of taking possession of mortgaged property as a result of failed mortgage payments.  Sometimes people with mortgagesto re-pay fall so far behind in paying their mortgagesthat the lenders have to repossess the houses and then sell the house to recover their due amount. As much as we might dread to think about it leave alone talk about it, a lot of people lose their home through foreclosure every single day. According to the government reports in 2011, 257,664 families and individuals received notices of default which is like the first step in the foreclosure process.  Out of that number a whopping 155,000 California homes lost their houses.  This number is expected to increase in the year 2012 as the economy gets tougher. That is a lot of people loosing homes in an year.
This is really depressing to says Rob Rose Danville,  just knowing that most of us cannot sleep comfortably at night but we have to stay awake worrying about losing our houses. As much as we are happy to pin all our problems on the economy, which I agree has really deteriorated over the past few years, we are also to blame for the closures. Reports have shown that 30% of all home owners with a mortgage are in the verge of losing their homes because the mortgage due is way more than the value of their homes.
Rob Rose Danville explains, most houses lost due to foreclosure are sold at a much lower cost sometimes as low as half the value of the house. In 2011 about 118,000 houses where sold through short sales meaning any deficiency was the liability of the original home owner.
As life would have it, one mans misery is another ones blessing. Foreclosures are the best way to go when it comes to investing in real estate or for someone wanting to acquire a house. They are sold at a lower price compared to the original market value of the property. This means that there is a lot of gain and profit to be gained if the business is done well in terms of predicting the market trends. Success in life involves making use of any opportunity that presents itself.
If you are a home owner paying mortgages, or repaying a financier or lender, make sure you pay your dues on time and without fail. Or you might find your self being served with foreclosure and someone else will be smiling all the way to the bank.If you want information on the foreclosure process or want to short sale your home, Call Rob Rose Danville.
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Wednesday, 8 February 2012

Rob Rose Danville: Rob Rose of Danville Offers Free Service to Would ...

Robert Rose Danville: Rob Rose of Danville Offers Free Service to Would ...: Rob Rose Broker owner of the Rob Rose Group in Danville California is offering a free service for those that are about to rent a home and want to make sure the owners are not in default. This service is for California only. Contact Rob Rose Danville here

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Rob Rose of Danville Offers Free Service to Would Be Renters

Rob Rose Danville  Broker owner of the Rob Rose Group in Danville California is offering a free service for those that are about to rent a home and want to make sure the home is not in foreclosure. With so many renters being scammed out of their security deposit and 1st and last month’s rent.
Rob Rose came up with a free service to verify the landlord is not in default. Just send an e-mail to Rob Rose at with the full street address and city along with your contact information including phone number and Rob will call you with the findings. The home must be in the State of California for Rob Rose to offer this free service.
Rob Rose is the Broker/Owner of the Rob Rose Group a Real Estate company that specializes in foreclosed properties.

Monday, 6 February 2012

Rob Rose of Danville says...FHA Keeps Funding Investors Flips

In a move that will undoubtedly make investors stand up and cheer, the Department of Housing and Urban Development (HUD) announced today that the Federal Housing Administration is extending a temporary waiver of its “anti-flipping” rule. The waiver is a boon for investors who rely on rehabbing and selling properties in a short timeframe, and homeowners who rely on FHA-insured financing to buy.

The pool of buyers who rely on FHA dramatically increases the investors’ ability to quickly sell. FHA research finds that in today’s market, it takes a real estate investor less than 90 days to acquire, rehab, and sell a property. Before the initial waiver in February 2010, FHA did not allow potential buyers to purchase properties that had previously been purchased within the last 90 days to protect its mutual mortgage program from losses on homes that were not rehabbed, but flipped at inflated prices.

The waiver is subject to certain restrictions, including that transactions must be at arms-length, meaning that the deal must be made between separate parties who would not gain from the buying or selling of the property.

The waiver was set to expire on January 31, but now will be in effect through December 31, 2012.

This is great news for the thousands of potential homeowners who are first-time buyers or those who lack the down payment required on a conventional loan, as well as real estate investors that have built a business around rehabbing properties and selling to FHA borrowers.

As investors, how much of your business in 2011 has come directly from this waiver? We’d love to hear how this has helped your business.

Rob Rose of Danville California is the Broker Owner of the Rob Rose Real Estate Group