A local family trying to rebuild their family's house. Fatzer Appraisal Group provided a discounted full appraisal and some advice on repair items. See the full story on the Grove Family from Sacramento Bee.
"They have a lot of work to do, but it seems like they have a lot of support," said Justin Fatzer, president of the appraisal group. "Usually when a house is in that condition, most people tear it down. It can be fixed if people have the money to fix it. But this is a great way to build the town camaraderie, and they were very thankful, and it showed."Read more: http://www.sacbee.com/2011/11/15/4054425/one-old-house-many-helpersdawn.html#ixzz1dojkePFS
Tuesday, December 07, 2010
Sacramento's most efficient and productive Real Estate Appraiser is a CERTIFIED APPRAISER. Justin completed his testing last week, and is ready to provide even greater services to his many clients.
If your loan requires a Certified Inspection, send your orders over to Fatzer Appraisal Group.
In the coming weeks we will be updating all of our AMC and Lender accounts to ensure that everyone has a copy of the license. HOWEVER, should you need a Certified Appraisal in the Greater Sacramento area immediately, please CONTACT US.
We look forward to hearing from you soon!
Bank of America decided this week to slow or stop their foreclosure proceedings on homeowners in all 50 states. Why do you think they did this? Was it because they are the benevolent bank of the USA, or do you think that they may be trying to limit the amount of inventory on the market?
Read this article from Sacramento Beehttp://www.sacbee.com/2010/10/08/3089909/bank-of-america-halts-foreclosures.html
Fatzer Appraisal Group is proud to announce the 3rd Annual Wild West Charity Event benefiting Shriner's Hospital. This country themed event has generated thousands of dollars for the Sacramento Children's Hospital, and is known as one of the most fun charity events of the year.
Don't forget to wear your Cowboy Boots and Hat as live bands play some of the most memorable songs in Country Music. The event will be held at AURA midtown restaurant in downtown Sacramento from 4-8pm on Satruday, September 18th.
Prizes, Drink Specials, BBQ, and more will be available at the venue.
Tickets are only $20 each, and any donations will be gladly accepted. (They are all tax deductable)To by tickets or learn more: www.wildwest4shriners.comhttp://www.facebook.com/home.php?#!/event.php?eid=310834771899&ref=ts
Industry analysts are beginning to question whether servicers that delay foreclosure proceedings are essentially delaying an even bigger backfire when property values decline further, according to an Aug. 27 American Banker story.
At issue is the practice by many lenders over the last two quarters to take reserve releases based on more bullish assumptions about the value of distressed properties. While accounting rules mandate that banks set aside reserves covering the full amount of their anticipated losses on nonperforming loans, banks are reluctant to foreclose on properties or test valuations that may show they have wrongly gambled on a broad housing recovery that is not coming soon, American Banker reported.
The strategy of many banks has been to postpone the date at which they lock in losses, thereby delaying foreclosures and potentially benefitting from the recovery of the nation’s real estate market. But as housing prices continue to slip and sales slow – sales of homes in July slid to the lowest level on record – lenders are faced with the prospect that a rash of foreclosures and major losses could be on the horizon.
"The math doesn't bode well for what is ultimately going to occur in the real estate market," Herb Blecher, a vice president at LPS, told American Banker. "You start asking yourself the question when you look at these numbers whether we are fixing the problem or delaying the inevitable."
American Banker reported that some servicing executives acknowledged that as banks stall on foreclosure proceedings, delinquent borrowers may get a reprieve, but a bottleneck of foreclosures hitting the market is likely to pull down existing home prices and thwart the growth of new sales.
WHAT DO YOU THINK OF THIS OPINION? PLEASE REPLY, AND LET ME KNOW YOUR THOUGHTS...