Paul Caloca's Blog

This month I earned the NAR Short Sales and Foreclosure Certification. Here is a press release announcement ...     Paul Caloca Earns NAR Short Sales and Foreclosure Certification Buyers and Sellers Benefit from REALTOR® Expertise in Distressed Sales   San Jose, CA — Paul Caloca, real estate brok...

The FHA has extended their anti-flipping waiver in order to move the inventory of REO homes to 12/31/2011. To qualify ...   All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction. In cases in which th...

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...

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...

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 ...

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...

Sundays are a busy day for me touring FSBO open houses. This is an excellent opportunity to determine if we can work together in the sale of their property. My next stop is a townhouse in Mountain View, CA. The Craigslist ad was fresh for this weekend. I knocked on the door and was greeted by a ...

My InmanWiki article titled "Who Does Open House Really Benefit?" was picked up and placed on their front page! Please take a few moments and have a look.The gist of the article is that, in todays 21st Century online world, open house benefits the agent for client acquisition more than the seller...

An axiom in real estate: all objections about a property can be overcome by adjustment of the price. Here are some issues to consider when deciding on a setting a selling price … Price is NOT How much money you need out of the sale of the propertyWhat your neighbor’s house sold for What you thin...

The are many people and organizations the get involved in a residential real estate transaction. Each provides a part of the process. Some form of technology may be available to ease it's particular piece of the puzzle. A successful real estate transaction is very dependent on all these "moving p...