All posts tagged short sale

Ask any underwater homeowner to tell you their biggest fear about selling their home and moving on and you get two answers: "I will never buy again." "I will not

The California Association of Realtors (CAR) is lobbying to reinstall California's expired mortgage debt forgiveness tax relief, which expired Dec. 31, 2012, along with the federal version. A 12th-hour

Today's home price increases often don't reflect true increases in home values. In fact, today's home price increases may be well off real home value increases in some metropolitan

The mortgage meltdown came with a rapid depreciation in real estate values resulting in financial crises for many homeowners who managed to get through it with a short

OFFICE OF MORTGAGE SETTLEMENT OVERSIGHT – Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement, on Nov. 19, 2012, released a report "Continued Progress: A Report from

California's real estate agents say lenders are making some progress in processing short sales, but short sale problems persist for homeowners selling short to avoid foreclosure. The California Association

DQNEWS - Three and a half years after peaking, the number of California homes entering the foreclosure process fell last quarter to the lowest level since the early

Want a below-median price bargain on a home in a market where home values are rising by double digits? Consider buying a short sale or REO in Silicon Valley,

When U.S. Congress reconvenes today on Capital Hill, the Mortgage Debt Relief Act (MDRA) of 2007 will be on the docket for a shot at an extension through

Enhanced short sale guidelines for Fannie Mae and Freddie Mac loans will enable more struggling homeowners to short sell their home faster and avoid foreclosure. The new rules include

MLSLISTINGS.COM - REOs and short sales made up 26 percent of new listings in the first half of 2012 in Santa Clara County, CA - Silicon Valley. While

The U.S. Department of Housing and Urban Development's (HUD) National Mortgage Settlement (NMS) outreach campaign is virtually a one-stop shopping center for anyone struggling with their mortgage. Appearing to

CALIFORNIA ASSOCIATION OF REALTORS – A continued lack of housing inventory and slowing economy sent California pending home sales lower in June, but pending sales were still higher

Q: Mr. Aldana, I was recently approached by a friend who is losing his home and asked me to buy his home as a short sale, and then within

Only bankruptcy is more damaging to your credit than a foreclosure. Nevertheless, there are times when a foreclosure can make sense to your household's bottom line. First, be aware: • Even

It's not just the National Mortgage Settlement's promise of restitution for those abused by foreclosure tactics that's drawing swindlers out of the woodwork. Double-dealers trying to hustle already victimized

More cash rich investors, with a growing penchant for short sales, are energizing the housing market. All-cash sales rose to 33 percent of transactions in February from 31 percent

Apparently, homeowners aren't getting the message that strategic defaults are anything but strategic. A growing number of homeowners say, even if they can afford to make mortgage payments, they

The Year 2012 is preordained to be a historic year -- for better or for worse -- and there's already something strange in the neighborhood. A recent survey says