Justabroker mentioned SB 1178, backed by the C.A.R. Here's their pitch on why the non-recourse law should apply to refinances: California has protected borrowers from so called "deficiency" liability on their home mortgages since the 1930s, but the evolution of...
Hat tip to Mike, who sent this from the nytimes - I wish the associations of realtors would be more exclusive, and kick out the scumbags!: Several Hamptons real estate executives said Tuesday that they had been contacted by Justice Department officials seeking...
The rest of the tour, in search of evidence that some squishdown is causing RSF Covenant properties to head towards $1,000,000 - but not finding much. Is it just a matter of time?
This is a two-part cruise around the 92067 to see if there is more hope that ranch properties might be slipping closer to the $1,000,000 mark. Jeeman had seen this too, and sent it over when the price was $999,000 to $1,350,000, but by the time I arrived, the price...
The latest update from Kelly Bennett on the big condo scam: Jim McConville needed help to pull off a massive mortgage swindle. He couldn't let the banks making the mortgages know that he was sucking at least $120,000 each out of more than 80 condo sales in Escondido...
NEW YORK (CNNMoney.com) -- Pressure is mounting on loan servicers and investors to reduce troubled homeowners' loan balances...but the two largest owners of mortgages aren't getting the message. Fannie Mae and Freddie Mac, which are controlled by the federal...
From our friends at the WSJ: As we reported recently, people whose mortgage payments are reduced through loan modifications often are still drowning in other types of debt. The loan-mod treatment can be akin to using a small Band-Aid to try to cover up a mortar-sized...
The previous video showed how similar homes in La Costa Oaks were selling in a wide range, and being manipulated by one realtor's fraud and deceit. About a mile away in La Costa Valley, where the inventory has been much tighter and rarely a foreclosure, there's a...
The lack of transparency aggravates the search for true value. It's hard enough trying to measure apples-for-apples, with every house having its own location and upgrades to consider. Be suspicious when you see similar tract houses selling for more than 10%...
From the U-T: Housing was slightly more affordable for first-time buyers in San Diego County in the opening months of 2010, as interest rates remained low and prices stayed relatively flat. The California Association of Realtors said first-time-homebuyer affordability...
