All posts tagged short sale
Short sale scammers still making the rounds
A short sale occurs, as an alternative to foreclosure, when a homeowner sells the property for less than the balance on the mortgage, provided the lender will accept the deal. Scammers try to squeeze in on the action, at your expense.
First-timers, existing homeowners driving the housing recovery
Forget the golden goose investor-element that's helping fuel the housing recovery. Potential buyers? Your fence sitting days are numbered. Many investors are largely bottom feeders (buy low, rent and or
Short sale lease back alternative to foreclosure available
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
California Realtors push for state-level mortgage debt forgiveness tax relief
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
Home price increases mask true, smaller home value increases
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
Homeownership after a short sale, foreclosure, bankruptcy
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
National Mortgage Settlement oversight office publishes updated settlement relief report
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 short sale shortcomings decline, problems persist
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
Higher California home prices stem foreclosure tide; San Francisco, San Mateo, Santa Clara counties lead pack
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
Silicon Valley rolling out larger short sale bargains, inventories
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,
Congress to consider extending Mortgage Debt Relief Act, renewing mortgage insurance tax deduction
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
FHFA’s HAFA II offers more short sale relief for more homeowners
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
Infographic: Silicon Valley’s REO, short sale bargains comprise 26 percent of market
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
New HUD document mother-of-all mortgage relief program brochures
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’s tight housing inventory, slower economy constrain pending home sales
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
