California’s 90-day foreclosure moratorium starts, sort of

Written by on June 17, 2009 · Leave a Comment

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 »

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

Written by on February 28, 2009 · 1 Comment

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 »

Southern California Home Prices Plummet as Foreclosures Rise

Written by on February 28, 2009 · Leave a Comment

Southern California home prices have fallen to 2002 levels, according to a recent Los Angeles Times report, and they won’t stop plummeting any time soon. SOCAL HOMES BECOMING MORE AFFORDABLE Studies show that significantly more people will be able to realize the American dream of home ownership in Southern California than they have been since more » Read more »

Gov. Schwarzenegger’s Foreclosure Moratorium Explained

Written by on February 25, 2009 · 1 Comment

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

Written by on February 24, 2009 · Leave a Comment

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 »

Troubled Asset Relief Program: Will It Help Homeowners At Risk of Foreclosure?

Written by on January 30, 2009 · Leave a Comment

Why is TARP in the news? Because President Obama is considering spending up to $100 billion in financial rescue funds from the Treasury Department’s $700 billion Troubled Asset Relief Program. Why? To put the brakes on the subprime mortgage crisis. Bank regulators and Congressional leaders, are pressuring the Obama administration to use the funds to more » Read more »

New Foreclosure Law California SB 1137: Relief … Or Not?

Written by on January 26, 2009 · Leave a Comment

New foreclosure law California SB 1137—Was it a case of too little, too late? The thousands of Los Angeles and Orange County homeowners still on the brink of defaulting on their loans likely think so. California’s record-breaking, seemingly endless spike in foreclosures has left many frustrated with SB 1137, a supposed piece of “foreclosure relief” more » Read more »

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