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 [...]
Many of the Bay Area homeowners can’t say for too long that they really own their condo. They bought the house with a mortgage loan, but they aren’t paying for it, so the auction is about to come. Some of them ended here as a result of the economic situation, they are unable to afford [...]
In the 9-county SF Bay Area housing market, the number of new foreclosure filings is coming down consecutively for the last few months. Different interpretations are being offered by market analysts, as to the direction the foreclosure trend is heading, as far as SF Bay Area is concerned. The latest foreclosure activity report, pertaining to [...]
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 [...]
In last December prices as well as sales picked up for the third running month with the media jumping to $380,000 from what it was a year previously – $50,000. 7,828 deals on new and old single family houses and condos were closed showing 13.6% increase from what it was a year previously. The media [...]
The Bay Area in California, has become one of the worst victims of the foreclosure crisis. Ironically it is its very prosperity that has brought about its relative fall. The thriving economy attracted business and people who needed houses to stay in. Thus the demand for housing shot up at a time when money was [...]
WASHINGTON, DC — Fannie Mae (FNM/NYSE) today announced it is suspending all foreclosure sales and evictions of occupied properties through March 6 in anticipation of the Administration’s national foreclosure prevention and loan modification program.The company had previously put in place a suspension of foreclosure sales through January and had previously suspended all evictions through the [...]
