Buyers hoping for a deal will have to look high and low these days - because sellers are typically the most optimistic early in the selling season. Maybe a bank-owned REO? Don't get your hopes up, there have only been seven REOs listed in San Diego's North County...
Housing foreclosure authorities LoanSafe.org and YouWalkAway.com have created a new website to help people re-enter the housing market after having been through a previous foreclosure. The website is called AfterForeclosure.com and helps those most affected by the...
The California Association of Realtors' political action committee gave $500,000 to the state Democratic Party the day before the Democrat-dominated Franchise Tax Board effectively resolved a months-long legislative fight over the state's tax treatment of short...
Dec. 4 - The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) announced today it received a letter from the California Franchise Tax Board (FTB), obtained by Board of Equalization (BOE) member George Runner, clarifying that California families who have lost their home in...
From NMD: RealtyTrac reports that the nature of distressed property sales is evolving. In its most recent report on market and distressed sales, the company noted that changing economics are increasing the reliance on more traditional third party purchases at...
From the wsj.com: Troubled homeowners who get a break from their mortgage lenders could face a hefty tax bill next year if a key provision expires at the end of the year, though state laws could determine which borrowers will have to write a check to Uncle Sam....
Hat tip to bode for sending this in from the latimes.com: A Bank of America Corp. employee assigned to deal with delinquent mortgages has been arrested on federal charges of accepting more than $1 million in bribes to allow homes to be sold far below their market...
Received today from the National Association of Realtors: NAR members recently received word that the U.S. Department of Housing & Urban Development would be implementing a new policy on Oct. 1, 2013, that would prevent dual agency agreements in FHA...
The impact of the short-sale fraud is becoming more obvious. It was at its worst in 2012, and though there has been some rebound this year, the short-sale average pricing is still well below the rest: NSDCC detached homes sold between June 1-to-August 31: Year REOs SS...
Distressed sales have dwindled down to a fraction of the NSDCC market, though they were never a large contributor. Here are the detached-home sales from the June 1-to-August 31 period: Year REOs SS Non-Distressed % Distressed 2009 48 35 572 13% 2010 46 69 575 17% 2011...
