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
HAMP Principal Reduction Home Affordable Modification Program
December 14, 2011 By Leave a Comment
The Treasury Department released data indicating that as of October, participating servicers of HAFA Home Affordable Foreclosure Alternatives program, have completed approximately 20,700 short sales and deeds in lieu. Less than 600 of the 20,700 were deeds-in-lieu. The PRA or Principal Reduction Alternative program started in October 2010 for mortgages not guaranteed by Fannie Mae… Read More
San Diego Short Sale Information
September 27, 2011 By Leave a Comment
San Diego Foreclosure Defaults Biggest Monthly Gain In 4 Years
September 16, 2011 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Banks took major action against home owners who have fallen behind on their mortgage payments in Orange County. The number of U.S. homeowners that received an initial notice of default rose 33% in August from July, the biggest gain in 4 years. This could be the beginning… 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
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