Realty Trac reports foreclosure filings dropped from August to September 6% which is a 38% decline from September 2010. “While foreclosure activity in September and the third quarter continued to register well below levels from a year ago, there is evidence that this temporary downward trend is about to change direction, with foreclosure activity slowly… Read More
Bank Foreclosure In San Diego
September 27, 2011 By Leave a Comment
A Fed Official John Walsh, of the Comptroller of the Currency, said 14 major banks will be reaching out to borrowers who may have been wrongly foreclosed upon and are fixing their foreclosure protocols over the next year. 4.5 million foreclosures from 2009 and 2010 are being looked at by independent consultant. In this process… Read More
Average Loan in Foreclosure Is Delinquent for Record 599 Days
September 3, 2011 By Leave a Comment
Foreclosure timelines continue their steady upward trend, as a payment has not been made on the average loan in foreclosure in a record 599 days reported by LPS Mortgage Monitor. Of the nearly 1.9 million loans that are 90 or more days delinquent but not yet in foreclosure, 42 percent have not made a payment… Read More
Hard Money
June 23, 2011 By Leave a Comment
My lending partner is part of a national commercial broker group to help track the best lenders in each market and each niche who WANT TO FUND DEALS. Residential, Multi Family, and Commercial LTV is 50% with max of 65% LTV. 1st TDs start at 9% but 11-12% is typical for fast deals, 13-14% 2nd… Read More
Will My Mortgage Company Sue Me For A Deficiency Judgement After Foreclosure
May 27, 2011 By Leave a Comment
Search San Diego County Foreclosures & Short Sales If when you purchased your home you never refinanced you are protected under California’s anti deficiency protection because your loan is non-recourse. If you acquired a 2nd mortgage or a home equity line of credit HELOC simultaneous to when you took out the 1st mortgage it is… Read More
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