For Shadash - very few home purchases around the coast were financed with FHA, but when Trump makes a big deal out of cancelling the Biden gravy train, it will have repercussions. A free article from the WSJ: The problems began when the Obama administration eased...
The San Diego County annual tax sale is coming up on March 17th - St. Patrick's Day! The house above is the most expensive on the list, and would be a deal if you can snag it. Hard to believe how they could rack up a million dollars in back taxes on a house with no...
Editors know that there isn't anything more eye-catching in real estate than talking about people losing their home. In California, lenders are required to offer every delinquent homeowner a loan modification before being able to foreclose, so those who want to keep...
Here are comments about the foreclosure activity nationwide:
This seller did everything imaginable to upgrade this house in NE Carlsbad, and then got into trouble - BofA filed a Notice of Default in April on his $1.9 million mortgage. But don't feel bad for him having to drop from his lofty $4.5 million initial list price to...
Those who still think we have a foreclosure event in our future are unfamiliar with how the rules have changed in California. There's never been a better time to be a deadbeat: The United States Department of the Treasury has approved California’s plan to provide $1...
The post-frenzy headlines will revert back to their usual negative slant. Will home buyers read the entire article? Or jump to their own conclusions? Here are the actual numbers mentioned: States with the largest number of new foreclosures were: California: 3,434...
Regardless where the inventory goes (likely to retreat), the potential home buyers should stay interested, just because of rates staying low. Many of them may be looking forward to when the foreclosures start pouring in. What's the latest on the...
Rather than foreclose, they will keep changing the rules. They are creating a 'Custom' pool of mortgages to modify the loans again - even if it means extending them for 40 years! Ginnie Mae sent out a press release last week could create some confusion for those...
Thanks to KCM for providing this report: According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought...
