Bargain priced foreclosure homes are being snapped up from lending banks, who consider them non-performing assets, to be disposed off quickly. This trend is reported from various housing markets and market watchers are of the opinion that signs of rebound on home sales are appearing. Realtytrac and Trulia conducted a latest Survey in May 2010, [...]
According to the latest statistics released by National Association of Realtors, it looks that the housing bottom is slowly vanishing. The report for the first quarter of 2010 says home prices in metro areas show an increase from what they were a year ago and most of the US States show healthy gains in volume [...]
The cost of living in the South Bay is arguably the highest in California. As such, the average mortgagor has more to negotiate when dealing with negative equity in residential property. Apart from needing the express approval from the lender to affect a short sale on a property, the mortgagee needs to find it to [...]
The centre of the Dot Com controversy in 2000, Silicon Valley in the South Bay district has retained some of the highest quality intellectual property in the world. The largest participants in technological commerce choose their place of business to be San Francisco’s South Bay. While unemployment has been an inevitable consequence to the economic [...]
Many experts are of the opinion that Fannie Mae and Freddie Mac played a leading role in the financial crisis. These two fall under the GSE category of Government Sponsored Enterprises. This group of financial services enhances credit flow to certain focused economic sectors to make them more transparent and efficient – agriculture, education and [...]
The foreclosure situation in the 9 county San Francisco Bay area is as worse as it is elsewhere. The distressed home owners are amazed. But there is a short-cut to come out of the melee with some dignity – instead of forfeiting their homes to full-fledged foreclosure and eviction. It is the “short-sale” route which [...]
Symbiotic! A perfect word to describe this popular trend! One man’s woe become other one’s profits, someone’s urgency to sell off, paves way for profits to somebody else. The trend that was prevalent in the 90s is back yet again and it’s looming all over. Just to put more light over the issue and clarify [...]
One man’s poison is another man’s meat. Nothing can be more true in Contra Costa County and San Jose region where the curse of foreclosures have turned into happy breeding and hunting grounds for mosquitoes infected with the West Nile virus. This was from reports coming in from Vector Control. Tim Mulligan said that a [...]
The government will pay mortgage-servicing companies up to $1,000 and borrowers up to $1,500 for successful short sales or “deeds in lieu” transactions. It will also spend up to $1,000 to help defray the cost of getting holders of second mortgages to release their liens so these transactions can be completed. Short sales have accounted [...]
