Bloomberg recently reported that we may see an increase in home prices from what they call an unlikely source. Short sales or properties that are in default prior to going into foreclosure. The 2nd largest U.S. mortgage brokerage stated, “There has been a “dramatic shift” in banks’ willingness to sell a property for less than… Read More
San Diego Short Sale Information
September 27, 2011 By Leave a Comment
Short Sales Soar 2nd Quarter 2011
September 2, 2011 By Leave a Comment
The second quarter of 2011 U.S. Foreclosure Sales Report™ was released from Realty Trac. The sales of homes that were in some stage of foreclosure or bank owned accounted for 31 percent of all U.S. residential sales. Nationally is down from 36% in the first quarter of the year, but up 24% from the 2nd… Read More
California SB458 Law Short Sale Deficiencies Expanded
July 16, 2011 By 2 Comments
July 15th 2011 Senate Bill 458 was signed into effect by Governor Brown, prohibiting a deficiency after a short sale for primary residences of 1-4 units, regardless of whether the lender is in 1st, or 2nd and possibly even 3rd position. Lien holders can no longer require a borrower to owe or pay for a… Read More
HOA’s Foreclosing On Homeowners
July 13, 2011 By Leave a Comment
Around the country more homeowners’ associations (HOAs) are taking measures against home owners who have stopped paying their HOA fees. One in five communities are governed by an HOA. They are now pursueing their right to foreclose on residents who stop paying fees. “The treacherous part is that homeowners’ associations are acting like a local… Read More
Short Sale $20,000 Cash Back Incentive JP Morgan Chase
July 8, 2011 By Leave a Comment
Search San Diego County Foreclosures & Short Sales One of our clients received the following invitation in the mail: in the upper right hand corner it states Return Your Listing Agreement, Owe Nothing More On Your Mortgage and Get $20,000 Dear_____ Thank you for talking to us about how we can help you sell your… Read More
Cash Back After Closing Short Sale From CitiMortgage $12,000
June 30, 2011 By Leave a Comment
Search San Diego County Foreclosures & Short Sales In 2011 CitiMortgage has been averaging cash back to the homeowner of up to $12,000 after a short sale closing. The amount you would potentially get is determined based on financial need and every homeowner’s unique situation. You would be expected to gather your financial documents in… Read More
HAFA $3,000 Cash Back After Short Sale Government Incentive Program
June 19, 2011 By 2 Comments
Search San Diego County Foreclosures & Short Sales Home Affordable Foreclosure Alternatives (HAFA) provides up to $3,000 in Borrower Relocation Assistance to help you transition beyond a short sale or deed-in-lieu of foreclosure.Are you elligible? Contact me immediately to review your situation. Mortgage Insurance companies that participate are Genworth and MGIC. Joy Bender knows the… Read More
Can I Do A Short Sale With No Hardship?
June 1, 2011 By Leave a Comment
Strategic default typically occurs when a homeowner finds themselves substantially upside down from the current market value and the balance owed on their mortgage. From a financial perspective it may not make sense to continue investing into an over-leveraged depreciating asset. A strategic defaulter chooses to walk away where as in a traditional default there… Read More
Short Sale Assistance In Orange County
June 1, 2011 By Leave a Comment
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