Year: 2011
SD Foreclosure Counts
The foreclosure numbers aren't growing yet - we're all convinced that they'll be dripped out for years to come, right? The push towards loan mods and short sales enables all participants to drag out the inevitable, and it's probably not going to change. In San Diego...
FHA 203K Home Improvement
An excerpt from the latimes.com: One viable option, however, is the FHA 203(k) rehab mortgage. This is the Federal Housing Administration's rehabilitation mortgage. It has been a hot ticket for investors who are picking up distressed properties because it allows them...
Testing Principal Reductions
From Businessweek.com: More than one in five borrowers in the U.S. are underwater; collectively the shortfall is about $751 billion. Nationally, homeowners whose mortgages have been modified without a principal reduction are up to twice as likely to re-default as...
South CV
If you want to be south of the 56 freeway in Carmel Valley, 92130, and don't want to back to power lines, this is a fairly typical million-dollar offering these days:
More REOs
Next REO Assignment
Bubbleinfo.com is always mellow around major disasters - our prayers go out to those in Japan. But the REO train keeps rolling to the 92119; the San Carlos area, north of the I-8 near La Mesa:
Wrongful Foreclosures = 0 of 500
From Huffington Post: WASHINGTON, D.C. -- A months-long investigation into abusive mortgage practices by the Federal Reserve found no wrongful foreclosures, members of the Fed's Consumer Advisory Council said Thursday. During a public meeting attended by Fed chairman...
Trouble with Reverse Mortgages
From the nytimes.com: It is the saddest of paradoxes: a government-backed financial maneuver intended to free up extra money for struggling older people turns out to have left some widows and widowers on the brink of foreclosure. This week, AARP sued the Housing and...
Japan Tsunami
