When the housing markets in the country were struggling with no buyers, because of the confusion and uncertainty prevailed over the trends, particularly during 2009 when the gloom reached the crescendo, the federal government intervened to boost up the home sales on the one hand and mitigate the grievance of the distressed home owners on [...]
One cannot answer the above question perfectly – yes or no – if the foreclosure activity report for the country as a whole or two counties in East Bay – for the month of July is taken into consideration. As for the national scene, the lesser foreclosure filings reported continuously for the last five or [...]
There are sings for improvement across the board, but these are quite week at the moment. Last month, the number of homeowners who received notice of default dropped in the Bay Area in Contra Costa County, according to a report posted by RealtyTrac. In addition Contra Costa County and Alameda County registered a decline in [...]
A group of homeowners from San Jose filed a class-action lawsuit against Aurora Loan Services LLC alleging the mortgage company made them pay thousands of dollars each to have troubled mortgages reviewed by the company. Aurora promised them loan modifications, but the homeowners woke up with their properties foreclosed with little or no notice. The [...]
This very interesting question has been raised in the media – particularly in the SF Bay Area – citing examples of a sudden halt in the new constructions, for there are no buyers. But the public opinion is to the contrary. Let us see this analysis more deeply. The discussion on the subject arises based [...]
Short sales increase made this type of real estate transaction common, so this is part of the options list for a homebuyer. In fact, a report published by RealtyTrac revealed that short sales now represent almost one third of all residential sales in the country. In Tampa Bay, those numbers are likely to be higher, [...]
According to Morgan Stanley New York home prices rise and San Francisco values declined in May. The numbers show a 1.2 decline for San Francisco prices, while New York gained 0.8 percent in May, said Morgan Stanley in a report regarding homes that weren’t in foreclosure or involved in a short sale. However, short sales [...]
The 9-County Bay area including, the whole of California is going to be helped by the federal government allocation of tax dollars as subsidy – reason: foreclosure mitigation special for “weak” States. The financial health of these states – California; Florida; Arizona; Michigan and Nevada are seriously affected by twin diseases – increasing unemployment and [...]
With short sales becoming ever more popular as an alternative to foreclosures, an alarming trend dampens the irrefutable success the process offers all parties. Of course the short sale process requires the approval of the lender. Large portion of the short sales have been severely hampered by lenders failing to respond timely to the short [...]
With the Eureka Short Sale Program the homeowner’s details are withheld from the market while the conditions of the settlements are being negotiated. Subsequently the property will never be marketed as distressed sale; it will be presented to the market based on its features, not on the vulnerabilities of the parties involved. So the Eureka [...]
