600,000 In Real Estate Owned…? Foreclosures, Short Sales…
Bailout for Unemployed Borrowers To Help Them Pay Mortgages
We knew it was coming, as it was part of the recently signed financial reform bill, but today the Obama Administration announced it would be sending another $1 billion to unemployed borrowers to help them pay their mortgages. Here's part of the release: "This new...
Bank of America HPO Cooperative Short Sale Program is being Rolled Out
Breaking news. Bank of America is rollling out the HPO Short Sale program...not sure what HPO acronym means? The program also refered to as "Cooperative Short Sale Program". It's a turnkey solution that: Pays the seller up to $3,000.00 at close of escrow Releases the...
Orange County Short Sales Up In June…1 In 4 Sold Short Sale
Not surprising....Just printed in Orange County Register: One out of every four homes sold in Orange County in June went for less than the seller owed on the mortgage, according to the latest figures from the Southern California Multiple Listing Service. SoCal MLS...
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