Three Bedroom, One Bath FIXER in North Long Beach (Video)

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Check out this new Bank of America foreclosure. This is a three bedroom, one bath home with a detached two car garage.   Read more »

Short Sale Agent Update: Changes to HAFA Program

On Aug. 9, the U.S. Department of the Treasury released Supplemental Directive 11-08: Home Affordable Foreclosure Alternatives Program (HAFA) – Policy Update, which contains adjustments to the program. Bank of America implemented these changes effective Oct. 15. The following is excerpted from an email newsletter from Bank of America. The policy enhancements impact agents and more » Read more »

Historic Bank-Owned Home for Sale in L.A.’s Wilshire Area

Call Today to Schedule a Personal Tour Or—NEW!—Make an offer online NOW! Address: 1424 S. New Hampshire Ave. Los Angeles, CA 90006-4510 Home Type: Historic single-family, single-story, BANK-OWNED Price: $369,900 Square Feet: 1,281 sq. ft. Lot Size: sq. 4,150 sq. ft. Rooms: 3 bedrooms, 2 baths Year Built: 1907 Extras: Newer windows and roof Central 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 »

Top 5 Benefits of Buying a Bank-Owned Home

1. More home for your buck. How? By taking advantage of potentially lower interest rates and dramatically lower prices, two ways in which banks entice buyers to take a losing asset of their hands—fast! Bank-owned (REOs) and foreclosed upon properties average discounts between 20% and 25% off their overall retail value. Buying the property “as more » Read more »

Obama’s Homeowner Affordability and Stability Plan: Who Is Eligible?

Here’s what you need to know about President Barack Obama’s new Homeowner Affordability and Stability Plan (HASP) to help stabilize the housing market and help millions of struggling borrowers keep their homes. What is it? Who is eligible? How will it directly impact you and your family? The first portion of HASP, the Homeowner Affordability more » Read more »

The Inside Scoop: How Banks & Mortgage Servicers Are Coping With Foreclosure Explosion

In an effort to stay on top of the latest in the exploding foreclosures market and the ever-adapting mortgage loan servicing industry, I had the benefit of attending the Feb. 17-20  MBA’s National Mortgage Servicing Conference & Expo in Tampa, Florida. I’m excited to share the crucial insider information I was able to learn and more » Read more »

Gov. Schwarzenegger’s Foreclosure Moratorium Explained

Gov. Arnold Schwarzenegger signed a 90-day moratorium on California home foreclosures (legislation SB2X-7 and AB2X-7) amid criticism that the law likely won’t put a dent in the skyrocketing pace of repossessions. Here’s what you need to know: The bill, as part of the state’s recent budget deal, safeguards owner-occupied residences that had first loans on more » Read more »

This Week’s Top Properties: 3 Great Value Southern California Foreclosures

44 Tavella Place, Foothill Ranch, Calif. 92610 VIP SPECIAL, CALL FOR PRICING INFO CLICK HERE FOR MORE PHOTOS Square Feet: 2,115 Lot Size: 3,794 sq. ft. Rooms: 4 bedrooms, 2.5 baths Here’s your chance to buy a spectacular Orange County two-story home with all the trimmings. Nestled in a private neighborhood, this completely refurbished four-bedroom, more » Read more »

Just Listed Foreclosure For Sale: Newly Remodeled Bixby Knolls Gem

Price $345,000 Schedule a Personal Tour CLICK HERE FOR MORE INTERIOR AND EXTERIOR PHOTOS Address: 1812 E. Silva St., Long Beach, CA 90807 Home Type: Single-Family Square Feet: 1,566 Lot Size: 7,200 sq. ft. Rooms: 3 bedrooms, 2 baths Year Built: 1942 EXTRAS: Detached 2-car garage; private entrance to the master bedroom; newly refurbished bathrooms more » Read more »

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