I think this shows the ineffectiveness of loan modifications. Since last November the government has enacted the biggest loan-mod program in the history of the world, and yet there were only 51 additional cancellations Y-O-Y? From the U-T: Foreclosure sales have been...
From the latimes.com: A supply of 1.7 million homes headed for sale because of foreclosure or delinquency looms over the nation's housing market, which could dampen progress toward recovery should the Obama administration fail in its efforts to aid struggling...
See you at Pizza Port at 135 N. Highway 101 in Solana Beach!
From bloomberg.com, hat tip PH! Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers. "The rich...
From the emailbag: I'm still confused why you said you think the real estate market is going to take off like a rocket in 2010. Was this sarcasm, or did I miss something in the video? And why do you think we had this run up over the last few months in home prices...
December 15, 2009 - ForeclosureRadar.com, the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for November 2009. Despite apparent headline month-over-month declines in...
Pizza Port website
Real estate withholding is a prepayment of California state income tax for out-of-state sellers of California real property. Escrow companies are required to collect 3.33% of the sale proceeds and send to the state on behalf of the sellers. Now they are hitting the...
The bank may be exempt from disclosure and is selling "as-is", but the flippers and agents are obligated to disclose all known defects. Flipper paid $945,000 on 11/18/09 at the 'steps, and re-listed for $1,395,000 to $1,495,000:
