Posts Tagged ‘Foreclosure’

7m Distressed Loans!

admin
Jun 8 |14:25

According to latest data from LPS [Lender Processing Services] the total number of distressed loans in just floating out there is over 7 MILLION.  So, everyone celebrating piece meal reports about delinquency decreases, increased pending home sales, and foreclosure inventories…hold your horses. Stabilization is not here yet.

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Foreclosure Timeline In California

admin
Jun 7 |17:43

Many homeowners are unclear regarding the foreclosure process in California.  Here is the non-judicial foreclosure process in California at present time:

The following time-line applies to non-judicial California Foreclosures under a Deed of Trust. (non-judicial foreclosure is used far more commonly in California than a Judicial Foreclosure and California is a “one-action” state)

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Short Sale vs. Foreclosure

admin
Jun 7 |17:38

Foreclosure    VS. Short Sale

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Home-Buyer Credit Warping View?

admin
May 24 |14:31

Thank you National Association of Realtors for keepin’ it real.  According to data released today, April saw a 7.6% increase in resale of homes.  In a rush to beat the tax credit deadline, there are currently 5.77 million buyers rushing to the closing table.  But, before touting “economic health regained”, NAR also reported that available inventory jumped 4.04 million, or 11.5%, in April too.

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4.3 Million Short Sale Listings

admin
May 20 |14:42

Nearly 8% of all mortgage holders in the U.S. are at a serious risk of losing their homes and 14% are at some stage of delinquency, according to the Mortgage Bankers Association. That means that nearly 4.3 million homeowners may need to short sale.  These homeowners are either in foreclosure or are at least 3 payments behind.  If they can’t modify quick they may need a trained real estate professional, like you.

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