What is happening with all the applications for loan modifications in Lodi and Stockton, CA these days you ask?

According to THIS ARTICLE on www.msnbc.com by the Associated Press, I would have to say that there’s not much more happening here than there is in the rest of the country.

In the entire nation, only approximately 1,700 homeowners had completed the process for a loan modification out of the approx 650,000 applications for the program.  Those numbers are staggering!

As for the real estate market here in the local Lodi and Stockton CA areas; it is what it is.  Homes for sale is a common search on Google, Bing, and Yahoo.

There are some great deals on REO’s (Foreclosures) and also with Short Sales, which some banks are starting to work a little harder on to get into the escrow process than others.  One of the good ones to work with is Wachovia, but I shouldn’t mention the not-so-good ones though.  (*Cough* B of A *Cough*)  Sorry, I couldn’t pass that up.

To read the entire news article about the pace of loan mods…CLICK HERE