This is a great post from Mathew Padilla of OCRegister.com discussing the new foreclosure moratorium in California. A state law halting home foreclosures for 90 days begins today, but companies can earn an exemption by showing they are already busy modifying loans. The California Foreclosure Prevention Act, or Assembly Bill X2 7, which Governor Arnold more » Read more »
Will Shadow Inventory Hurt U.S. Housing Market?
Will the ‘shadow inventory’ stunt a housing recovery? Source: — Tom Petruno, Los Angeles Times After every bear market on Wall Street, some investors are reluctant to buy because they believe many other investors will be anxious to sell into any rebound, swamping the market and stunting any recovery. And yet, bull markets get going more » Read more »
Top Reasons to Sell Your Home Via Short Sale
Perhaps you’re “upside down†on your house and can no longer afford your mortgage payments. Maybe you owe more than the property is worth and simply can’t refinance. Or, it may be that you still can’t handle your house payments even after modifying your loan or reducing your interest rate. Times are tight and you’re more » Read more »
Short Sales 101: What’s All the Buzz About?
So you’re seeing the words “SHORT SALE†splashed all over real estate signs across town, on the news and in the headlines. Short sales are everywhere, but exactly WHAT ARE THEY and WHO BENEFITS from them? Let’s take a quick, painless, non-confusing look. You’ll be clued-in in no time, and if you have any questions, more » Read more »
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