Recent Posts Tagged With 'foreclosure'

• Turn An REO Fixer Into Your Palace

  Posted on Tuesday June 30th, 2009 at 16:55 in foreclosure, fha

  DID YOU KNOW . . . .THAT the foreclosure/bank-owned property (REOs) market is shrinking? There are several reasons for this, but basically, it may be the buyer's opportunity to get a very good deal on the right property under conditions acceptable to...

• Are You Looking Into Selling Your Property as a "Short Sale"?

  Posted on Monday June 22nd, 2009 at 19:01 in foreclosure, short sales

  Although the terms "short pay" or "short sale" are heard frequently, some people are still asking what they mean: It means the property owner owes more on his/her property than it can be sold for, or sold for after paying all the standard closing cos...

• Freddie Mac Suspension of Foreclosure Sales

  Posted on Wednesday November 26th, 2008 at 14:05 in foreclosure, loan reform

  Hope you have a Happy Thanksgiving.Starting today, sale of single family homes and 2-4 units on loans held by Freddie Mac will not be sold until the suspension period is over on January 9, 2009. Vacant single family homes are excluded from this suspe...

• How Many REO and Short Pay Properties Are There in Belmont, Alamitos Heights?

  Posted on Tuesday October 28th, 2008 at 18:59 in foreclosure, short sale, long beach local, belmont heights

  The filing of notices of default increases each quarter in California, per Dataquick on October 23rd, "Foreclosure resales have emerged as a major market factor, accounting for 47.6 percent of all California resale activity last quarter" but not all ...

• Foreclosure or Short Pay Debt? New Laws

  Posted on Thursday October 23rd, 2008 at 15:48 in foreclosure, debt relief, short sale

  Starting September 25, 2008, the federal income tax exemption for debt forgiven on a home loan now partly applies to California's state income taxes.Federal law provides a tax exemption for debt forgiveness on a loan incurred for acquiring, construct...

• New California Law Requiring Notice from Lenders

  Posted on Saturday July 12th, 2008 at 10:31 in foreclosure

  New law in California requiring lenders to contact homeowners 30 days prior to filing a Notice of Default (NOD), so don't overlook your mail, especially when it comes from your mortgage lender:"FORECLOSURE RELIEF BILL BECOMES LAW This week, the State...

• Foreclosure Debt Forgiven; Along With a New FICO Score System

  Posted on Friday December 21st, 2007 at 11:57 in debt, foreclosure, fico score

  The name of the little photo to the right is "holiday deer", and I hope you can also think of it as "Holiday Cheer" with the recent news on debt forgiveness.At least if you do have to take the bad credit hit for a foreclosure or short pay, the new la...

• Do Foreclosure Properties Always Sell Under Market?

  Posted on Thursday November 15th, 2007 at 15:46 in foreclosure

  "Foreclosed properties sell way below their market value," per Foreclosure Times.com. This is the kind of myth that spreads quickly, and often to the detriment of the investor or buyer.A lender may buy or take a property back below market, but will p...

• CAR's Annual Expo and Tradeshow

  Posted on Friday October 12th, 2007 at 08:18 in foreclosure, los angeles county, market reports, selling prices

  You've probably read in the news headlines by now that the median price in California is projected to fall by about 4% overall in 2008, a figure presented by Leslie Appleton-Young in her Wednesday 2008 forecast (112 slides linked).Having heard presen...

• Know Your Rights if You Are in Pre-Foreclosure

  Posted on Tuesday September 11th, 2007 at 09:49 in foreclosure, for sellers, for buyers, disclosures

  It's an unfortunate fact that certain loan borrowers have been unable to make their payments. On this blog there are many searches about information on foreclosure and pre-foreclosure. If you're in this situation, please see my earlier post What Happ...

• Volatility in the Credit Markets

  Posted on Sunday August 12th, 2007 at 09:11 in debt, foreclosure, financing, for buyers, subprime loans

  The world of loans and finance is like a global pile of pick-up-sticks, and this last week demonstrated how one move rolls everything. On August 9th France's largest bank BNP Paribas halted withdrawals on the investment funds it said could not be fai...

• What About Taxes on Short Pays And Foreclosures?

  Posted on Thursday August 9th, 2007 at 09:52 in debt, foreclosure

  In case you're involved in either one of these situations, it's important to know you may be paying the IRS some money.A "short pay" is where you were soon going into foreclosure, or you knew you were have difficulty in keeping up with your payments,...

• Read It All Here: Gary Watts' Mid-Year 2007 Report--Foreclosures, The Media, The Subprime Market and Where It's Going

  Posted on Tuesday June 26th, 2007 at 09:00 in foreclosure, orange county, subprime loans, market reports, real estate cycles

  "I am holding to my original forecast for this year. I knew the 1st and maybe the 2nd quarter would be a rough one. I think the Fed will cut the interest rates later this year, and home prices will begin to firm up and even appreciate in the fall, es...