Foreclosure in Cameron Park : Advice

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Doug & Bud Z…, Real Estate Pro in Placerville, CA
The August report showed that home prices continue to make strong gains while the number of underwater home owners has dropped by 42 percent since the beginning of 2012. The number of home owners who owe… Read more
Blogged Mon Sep 16, 2013 by Doug & Bud Zeller Market Conditions Foreclosure Home Ownership
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Bud Zeller, Real Estate Pro in Placerville, CA
The high re-default rate on mortgages modified through the government's Home Affordable Modification Program is mostly because of borrowers who received the smallest reduction in payments through the program,… Read more
Blogged Thu Jul 25, 2013 by Bud Zeller Financing Foreclosure Home Ownership
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Lawmakers are joining efforts to stop a controversial plan that would allow municipal governments to use eminent domain to seize underwater home owners’ mortgages. Firms such as Mortgage Resolution… Read more
Blogged Tue Jul 23, 2013 by Douglas Zeller Market Conditions Foreclosure Property Q&A
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Doug & Bud Z…, Real Estate Pro in Placerville, CA
Foreclosures are continuing a steady fall, as home prices rise and the housing market picks up nationwide. About 1 million homes were in some stage of foreclosure in May, down from 1.4 million in May… Read more
Blogged Wed Jul 10, 2013 by Doug & Bud Zeller Market Conditions Foreclosure Home Ownership
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Bud Zeller, Real Estate Pro in Placerville, CA
Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co., and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during… Read more
Blogged Sat May 25, 2013 by Bud Zeller Market Conditions Foreclosure Home Ownership
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Bud Zeller, Real Estate Pro in Placerville, CA
About 30 percent of more than 3.9 million households whose properties were foreclosed on in 2009 and 2010 nearly lost their homes due to potential bank errors, government regulators said. Nearly 1.2… Read more
Blogged Sat Apr 13, 2013 by Bud Zeller General Area Foreclosure Home Ownership
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Foreclosures are being listed at far less than what they likely eventually will sell for -- a marketing strategy that generates high interest and multiple bids, some say. As such, buyers of foreclosures… Read more
Blogged Mon Apr 8, 2013 by Douglas Zeller Market Conditions Home Buying Foreclosure
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Doug & Bud Z…, Real Estate Pro in Placerville, CA
Short sales are increasing this year, and these transactions can take up to three times longer than a traditional transaction. A lot can go wrong in that timeframe. These are the most common delays, according… Read more
Blogged Sat Feb 23, 2013 by Doug & Bud Zeller Home Buying Home Selling Foreclosure
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Doug & Bud Z…, Real Estate Pro in Placerville, CA
Foreclosure filings continue their downward spiral, dropping to the lowest level in January since April 2007, according to RealtyTrac's latest report.  Filings — which include notices of default,… Read more
Blogged Sat Feb 16, 2013 by Doug & Bud Zeller Financing Foreclosure Property Q&A
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Bud Zeller, Real Estate Pro in Placerville, CA
Short sales in recent months have overtaken sales of foreclosed homes in California for the first time since the housing market collapse of 2007, according to real estate research firm DataQuick.  … Read more
Blogged Sat Jan 19, 2013 by Bud Zeller Market Conditions Financing Foreclosure
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Doug & Bud Z…, Real Estate Pro in Placerville, CA
Home owners who faced foreclosure a few years ago are back, and they increasingly want to buy a home again, mortgage brokers report.  The Federal Housing Administration allows people who have lost their… Read more
Blogged Wed Jan 16, 2013 by Doug & Bud Zeller Market Conditions Foreclosure Rent vs Buy
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Big banks are giving billions of dollars to distressed California homeowners through a landmark mortgage settlement — but mostly to get people out of their homes rather than help them stay. Short… Read more
Blogged Sun Dec 2, 2012 by Douglas Zeller Market Conditions Agent2Agent Foreclosure
Doug & Bud Z…, Real Estate Pro in Placerville, CA
More Americans were late on their mortgage payments in September, as the national mortgage delinquency rate rose to its largest increase in four years, according to Lender Processing Services’ September… Read more
Blogged Fri Nov 9, 2012 by Doug & Bud Zeller General Area Financing Foreclosure
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Doug & Bud Z…, Real Estate Pro in Placerville, CA
President Obama said he is pushing Congress to pass a bill that would put $3,000 into the pockets of the average family that has not refinanced a mortgage.  With interest rates at historic lows, and… Read more
Blogged Tue Aug 21, 2012 by Doug & Bud Zeller Financing Foreclosure Property Q&A
Bud Zeller, Real Estate Pro in Placerville, CA
After a lengthy review, a key federal regulator said Tuesday he would not allow Fannie Mae and Freddie Mac to lower the amount some underwater homeowners owe on their mortgages despite new financial incentives… Read more
Blogged Tue Aug 7, 2012 by Bud Zeller Financing Foreclosure Property Q&A
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
Total properties 30 or more days delinquent (but not in foreclosure) or are foreclosure pre-sale inventory: 5,663,000States with highest percentage of non-current (delinquent or foreclosed) loans as of… Read more
Blogged Sat Jul 28, 2012 by Douglas Zeller General Area Financing Foreclosure
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Douglas Zell…, Real Estate Pro in El Dorado County, CA
It’s official? The housing market has reached bottom, at least according to 44 forecasters surveyed by The Wall Street Journal. Only three economists surveyed said they didn’t think the market… Read more
Blogged Fri Jul 13, 2012 by Douglas Zeller Market Conditions Foreclosure Property Q&A
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Bud Zeller, Real Estate Pro in Placerville, CA
SACRAMENTO — California lawmakers have passed legislation that would provide homeowners with some of the nation's strongest protections from foreclosure and such aggressive bank practices as seizing… Read more
Blogged Fri Jul 6, 2012 by Bud Zeller Home Buying Home Selling Foreclosure
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Bud Zeller, Real Estate Pro in Placerville, CA
Recent housing surveys are showing an uptick in home prices, particularly in cities in warm-weather “sand states” that had been hard-hit during the housing slump, such as in Phoenix, Las Vegas,… Read more
Blogged Wed Jun 27, 2012 by Bud Zeller Market Conditions Foreclosure Property Q&A
Bud Zeller, Real Estate Pro in Placerville, CA
Shadow inventory dropped nearly 15 percent year-over-year in April and is at about a four-month supply—reaching its lowest level in nearly three years, real estate data provider CoreLogic reports.… Read more
Blogged Mon Jun 18, 2012 by Bud Zeller Market Conditions Foreclosure Investment Properties
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