Search San Diego County Foreclosures & Short Sales Effective for new evaluations conducted on or after June 15th, Freddie Mac has implemented new requirements where servicers must comply with the following minimum communication time frames for all short sales. Within five days of an evaluation decision, but no later than 30 days following receipt of… Read More
Underwater Home Owners
March 10, 2012 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Reaching the highest level of negative equity since the 3rd quarter of 2009, Corelogic released data indicating 11.1 million or 22.8% of homeowners are upside down and 2.5 million had less than 5% equity in their homes at the end of 2011. It is up from 10.7… Read More
Wells Fargo Short Sale
March 4, 2012 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Short sale processing times are increasing once again as homeowners are rushing to meet the December 31st Mortgage Debt Relief Forgiveness Act. I have a short sale in process where the BPO (appraisal) was completed over 1 month ago. After speaking to upper level management Friday the… Read More
San Elijo Hills Short Sale
December 13, 2011 By Leave a Comment
San Elijo Hills 2 bedroom 3 bathroom, 1 car garage townhome located in West Ridge Gated Community. Has Community Pool Property Details Property Photos Property Map View Larger Map
Short Sale Hardship Letter
October 28, 2011 By Leave a Comment
1st Mortgage Company Name 2nd Mortgage Company Name Date To Whom It May Concern: This letter is an explanation of the circumstances leading to the need for a short sale of the above referenced property. While my intentions have always been honorable, circumstances have arisen in my life affecting our ability to continue with the… Read More
San Diego Short Sales Help Stabilize The Market
October 20, 2011 By Leave a Comment
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 Strategic Short Sale Experts
October 2, 2011 By Leave a Comment
We are San Diego Short Sale Experts specializing in strategic short sales. There are no government stimulus programs for homeowners with non conforming loans including jumbo loans or alternative loans such as negative amortization, stated income, and stated asset. Many buyers who purchased luxury homes in San Diego in 2004-2007 used aggressive loan products to… Read More
Underwater Homeowners Stuck With High Interest Rates On Their Mortgage
September 16, 2011 By Leave a Comment
There are 10.9 million underwater mortgages at the end of the second quarter which is around 22.5% of all residential mortgaged properties. 3 out of 4 had interest rates above the market rate, CoreLogic data show. This will likely lead to more foreclosures in the opinion of economists. The data released Tuesday indicates the majority… Read More
San Diego Upside Down Underwater
September 14, 2011 By Leave a Comment
Further deterioration of home values have pushed a large number of home owners to be “underwater.” This means borrowers owe more on their properties than they are current worth, and it’s impeding home sales, according to new data by CoreLogic. Approximately 10.9 million, or 22.5 percent, of all residential properties with a mortgage were in… Read More
A Fed Official Reports The Housing Market Is Severely Out Of Balance
September 6, 2011 By Leave a Comment
The “severely out of balance” housing market is greatly hampering the nation’s economic recovery, and solving the supply-and-demand issues in the housing market needs to be an “immediate priority,” Elizabeth Duke, member of the Board of Governors of the Federal Reserve, said late last week to the Federal Reserve Board Policy Forum during a speech,… Read More
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