California Foreclosure Sales Up In May
Foreclosure activity in May was marked by lenders being impacted by local market conditions rather than any national trend, according to ForeclosureRadar’s May 2012 Foreclosure Report. The report examined all foreclosure activity-sales, starts, and timelines-for...
California: The Homeowner Bill of Rights SB 1473 and AB 2610
Attorney General Kamala Harris’ “Homeowner Bill of Rights” continues to work through the California Legislature as two more bills pass, the Office of the Attorney General announced Thursday. AB 2610 and SB 1473 will require buyers of foreclosed homes to allow tenants...
Credit Scores and Short Sales…The Truth?
Mortgage match-up: “Foreclosure vs. short sale on your credit report.” It’s been a while since I’ve come up with a mortgage match-up, but there’s been a lot of fuss about short sales and credit scores lately, so I wanted to add my two cents. I already touched upon how...
Short Sales to Surpass Foreclosure Sales…Lenders Approving Aggressively Priced Short Sales
This is wonderful news for homeowners! Finally, the banks are getting it....Foreclosures hurt everyone! Short Sales help the Seller, the neighborhood and the city! Great Read ..... Short sales of U.S. homes rose to a three-year high in the first...
Delinquent Loans…Loans In Foreclosure…What's the Real Number?
By: Diana Olick CNBC Real Estate Reporter What do you do when a certain economic indicator is just so far out of whack that whether the weather is cold or whether the weather is hot, we'll be bewildered whatever the weather, whether we like it or not? Such is the case...
Failing Loan Mods Force More Foreclosures…More Shadow Inventory?
"Underclass" Growing; 40 Million Americans on Food Stamps
When we think of America, we think of a society thats booming and robust, a country of ambition and opportunity of explorers with the attitude of "Go Where No Man Has Gone Before!" Everyday we listen to this site for up to date information on the world of finance......
Change the Changeable
I'm certain there are times that you've looked back on a moment or event in your past and felt anguish for one reason or another. Kris and I have done this many times, examining what we should have done or could have done differently. Here's some ideas for you to put...
Bank of America, JP Morgan Chase, Wells Fargo and CitiMortgage..Loan Mods Doomed?
By: Diana Olick CNBC Real Estate Reporter Much like America's waistlines, the Treasury Department's monthly report on the Home Affordable Modification Program continues to grow. What started as a four-page report has now reached ten pages, with the latest addition to...
A Pictorial From The White House…
A break from the Housing Stuff...Here are some just released photo's from the White House...Hit this link! A break from the Housing Stuff...Here are some just released photo's from the White House...
According to The Journal (WSJ)…U.S. Housing Inventories Are Up…With More To Come
Sometimes it seems that Kim and I bring nothing but bad news for the housing industry... However, we are eternal, not naive, optimists. When markets are down...then opportunity is up. When markets are up...then opportunity is up...now that's optimistic. We live in...
Big Bank Loan Mods Failing…More Short Sales – Deed In Lieu
Fannie Asking for $8.4 Billion More
2005 Bankruptcy Bar Raised…Struggling Homeowners Can't File To Save Homes?
In 2005 U.S. Bankruptcy was reformed...Bankruptcy bar raised and the amount of debt that could be discharged was reduced. Filing Fees for the Bankruptcy were also increased. This study is very compelling, not something I'd really given much thought to regarding...