Market is in the recovery mode in many pockets of Los Angeles area. The impact of the shadow inventory (REO) investors are sitting on is still unknown through 2013. However the Feds money printing policy…
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In California, lenders who intend to foreclose on a property when the loan is delinquent typically use the nonjudicial foreclosure process also known as a trustee’s sale. This process is less expensive…
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SHORT SALE 411: HAFA SHORT SALE TIME PERIODS Lender/Servicer Actions Borrower Actions Borrower Notification Lender/Servicer must consider HAMP eligible borrower for HAFA within 30 calendar days after…
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Myth: If you don't have equity, you can't refinance?Much has been said about how thousands of borrowers are stuck in their bad loans, because they don't have the equity to refinance their way out of…
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Short Sale 411What Is A Short Sale?A short sale is a real estate term used to describe the process of selling a home for less than the amount needed to pay off the mortgage loan. This process is typically…
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Californians, are you ready? As of May 25, 2012, Bank of America decided to expand its pilot program testing of Mortgage-to-Lease into California. Initially extended to 1,000 households within…
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How do I Find out How Much a House in My Neighborhood Sold For? If you’re thinking about selling your home, you are probably asking yourself, “How do I find out how much a house in my neighborhood…
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Tamera Hewlett-Vallejo and her husband, Tom, came within a whisker of losing their Sacramento, Calif., home in a foreclosure auction last month. But as a result of the $26 billion national mortgage settlement,…
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HAFA Short Sale Los Angeles ~ Also Gives Money $$ to Your Tenant Starting June 1, 2012, you will be able to HAFA Short Sale your Los Angeles investment property and your tenant may receive up to $3000…
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The Federal Reserve released a video Wednesday explaining how borrowers who feel they were financially hurt during the mortgage foreclosure process in 2009 and 2010 can apply for a free, independent foreclosure…
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Bank of America Los Angeles Short Sale Up to $30000 Cash Incentive ? Is it possible for a Seller to receive up to $30,000 Incentive on a Bank of America Los Angeles Short Sale instead of a foreclosure?…
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MOISTURE CONTROL IS KEY1. Keep the building clean and dry. Dry wet or damp areas within 48 hours.2. Fix leaky plumbing and leaks in the building envelope as soon as possible.3. Watch for condensation…
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THE BUYER Once you receive your A Plus Mold Certified Mold Inspection report, you can purchase your property with grace and ease. It is important that you know and understand the condition of your new…
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Why don’t the banks just foreclose on these people? Allow me to state is this way, the amount of debt that has been leveraged is beyond our financial systems capability to handle. If we foreclosed on…
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Bank of America Home Loans has begun reaching out to customers who may be eligible for forgiveness of a portion of the principal balance on their mortgage under terms of a recent settlement among five…
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Fannie Mae and Freddie Mac have issued new guidelines designed to speed up short sales and make them more consistent, but real estate agents question whether they are achievable in the real world. In a…
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DataQuick, the real estate information service released information last Tuesday that showed that Sacramento County's foreclosures have dropped by nearly 30 percent in the first quarter of 2012 compared…
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56,258 Notices of Default (NODs) were recorded in CA during Q1 of 2012, the lowest level since the Q2 of 2007 when 53,943 NODs were recorded. NOD filings peaked in the first quarter of 2009 at 135,431.…
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Last Thursday, veteran Realtor Reuben Pacheco, a Hollywood Hills real estate market expert, offered feedback on foreclosure starts and the number of properties sold at foreclosure in response to figures…
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A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues: Short sale volumes may not have experienced the boom many predicted, but they're certainly moving up. Late…
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