All posts tagged short sale


Silicon Valley ‘second bubble’ a drop in a bucket of booming home prices

Drooping inventories, heavy demand, cheap, but not easy money, the lure of a major tech-mecca economy – and, yes, the weather – have combined to resurrect Silicon Valley’s housing market where home prices in many sectors of the market have returned to and exceeded peak prices of the last boom.

Continue Reading...

Callifornia’s May equity sales up; REO share in single-digits

Prices boom, sales falter   CALIFORNIA ASSOCIATION OF REALTORS – The share of equity sales in California continued to grow in May, making up nearly four of every five home


Short sale scammers still making the rounds

RAE CATANESE - If you've been struggling with your mortgage payments, miss a few and then get a call from an "investor" claiming a desire to buy your


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

Website by imagiNed Web Design