Great article from DS NEWS. Serious delinquencies are on the decline, while foreclosures have steadied at 5.5 percent, according to recent data from Foreclosure-Response.org, a joint venture of the Local Initiatives Support Corporation, the Urban Institute, and the Center for Housing Policy. Among the 100 largest metropolitan areas, serious delinquencies – those 90 days or more more » 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 »
Brilliant Bank-Owned Alamitos Beach Condo—Priced to Sell
GREAT LOCATION: ALAMITOS BEACH OCEAN AIR. GREAT DEAL: BANKED-OWNED FORECLOSURE IS PRICED TO SELL! PRICE: $135,000 (only approx. $207 per square foot). THIS ADDRESS: 1227 E. First St., #2B, Long Beach, CA 90802-5709 CROSS STREETS: ORANGE & ESPERANZA CONDO TYPE: beach community 1 bedroom, 1 bath upstairs condominium-style residence (in a 10-condo building) CONDO SIZE: more » Read more »
International Tower: Iconic Luxury High-Rise Living by the Shore
Address: 700 E. Ocean Blvd., Long Beach, CA 90802 Stories: 30 Units: 204 condos Types of Units: Wide selection, including 1 bedroom, 1 bathrooms; 2 bedrooms, 2 bathrooms; 3 bedrooms and 2 bathrooms Size Range: Approx. 880 sq. ft. to 1,260 sq. ft. Year Built: 1965 HOA Dues: Approx. $635/month Views: Breathtaking panoramic views spanning 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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