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mortgage: Neverland Ranch in Foreclosure! - 11/09/07 06:42 PM
Yes, the Thriller star is again in trouble. His home is in foreclosure.
Sure we all know him from the trial back in 2003 for 10 counts of, to put it nicely, having too much fun with children. But now it appears that his financial troubles are coming into the spotlight yet again. His Neverland Ranch home is going to the auction block in just a few months.
Michael Jackson's home is located about 5 miles North of Los Olivos in Santa Barbara County. Named after the fictional island in the story Peter Pan, the roughly 3,000-acre ranch was used as Jackson's private amusement park and home when it … (12 comments)

mortgage: Support FHA Bill H.R. 1852: Contact Your Senators! Updated - 11/07/07 03:32 PM
 
There has been a lot of talking going on about H.R. 1852, also known as the FHA Bill. We all need to support this bill! This bill is going to assist a lot of homeowners who are facing foreclosure and those borrowers whose interest rates are going to increase in the next 12-18 months. That means we can start saving some of these homes and families in trouble.
    
Here is a general breakdown of the bill so far, including amendments, although it is still in the Senate and may be modified again.
Raises the loan limits of FHA to 125% of the Median … (4 comments)

mortgage: General Options to Avoiding a Foreclosure - 10/29/07 01:52 PM
1. Re-Instatement ("Bringing your loan current"): Re-instatement occurs when the loan is brought current by paying the total amount past due. You have an absolute right to fully re-instate your loan within 90 days of being served with a notice of default. Lenders will normally accept full re-instatement at any time before the foreclosure sale occurs, even though they are not required to by law. Call your lender or trustee to obtain the amount to re-instate. The total amount paid must include all back payments, late charges, inspection fees, any advances, attorney and trustee fees.
2. Repayment Plan: A repayment plan is … (2 comments)

 

Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist

Fontana, CA

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Prudential California Realty

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