foreclosure: 1853 Palmgrove ~ Pomona - 02/20/08 05:49 PM
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foreclosure: 2443 Manville ~ Pomona ~ Bank Owned Property! Priced to Sell! - 12/12/07 01:59 PM
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foreclosure: Governor Schwarzenegger and Four Major Lenders Address Foreclosure Issue - 11/28/07 01:45 PM
Four representatives of the major subprime lenders in California—Countrywide, GMAC, Litton and HomeEq—met with Governor Schwarzenegger to address the rising foreclosure rate in California and the possibility of giving a break to California’s homeowners in a plan announced last Tuesday. These four companies which collectively service more than one quarter … (0 comments)
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foreclosure: 1605 W. 9th Street ~ Pomona ~ Bank Owned Property - 11/14/07 10:27 AM
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foreclosure: Wildfires May Add to California Housing Market Woes - 11/05/07 11:41 AM
Anyone watching the real estate market knows by now that Southern California's real estate market has been in a slump for more than a year, hurt by a combination of oversupply of available homes and a mortgage crisis across the United States. Home sales in Southern California were the slowest … (0 comments)
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foreclosure: Foreclosure Risk Rising, But Only in Key Market Areas - 10/26/07 10:22 AM
As homeowners observe the falling sales prices on their homes, or their neighbor’s, many fear that foreclosure may be around the corner or that homes in foreclosure may be more widespread than their local neighborhood. However, according to a Reuter’s article, although the risk of foreclosure continues to climb, it … (0 comments)
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foreclosure: California Leading With Foreclosure Rates - 10/16/07 09:00 AM
According to a recent USA Today online article, home foreclosure filings nationwide fell 8% in September from a 32-month peak in August, but they were still nearly double year-ago levels, real estate information company said Thursday.
“A total of 223,538 foreclosure filings were reported in September, down from August's 243,947 … (0 comments)
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foreclosure: Foreclosed Homeowners Could Get Tax Help - 10/03/07 11:19 AM
Although a bill is making its way through Congress that would change the Internal Revenue service code that makes mortgage forgiveness in foreclosure taxable, until this law passes, debt cancellation can cost a former home owner both ordinary and capital gains taxes.
The bill was addressed in the Santa Cruz … (0 comments)
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foreclosure: Presidential Candidates Weigh In on Mortgage Credit Crunch - 08/28/07 11:06 AM
With the sales of existing homes hitting the slowest pace in five years, tightening credit standards by lenders and the stock market reflecting the housing market’s troubles, housing prices and values are becoming dinner table conversation. Throw in the media’s focused attention on the housing market’s woes and you can … (1 comments)
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foreclosure: What is a “Short Sale”? - 08/28/07 11:04 AM
With the current real estate market of rising Southern California foreclosures, a little known real estate transaction called the short sale is becoming increasingly popular. Usually when using the term “short” is used, it conjures up images of something that is smaller in comparison to other items or a thing … (0 comments)
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foreclosure: 10 Options A Homeowner Can Choose From To Get Out of Foreclosure - 07/11/07 12:39 PM
It is difficult enough for a homeowner to deal with the typical causes of a foreclosure, (i.e. divorce, job loss, chronic illness), these circumstances alone are often overwhelming. In spite of this, a homeowner should try to find the time to muster the energy to begin to evaluate the options … (0 comments)
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foreclosure: HR 1876 May Give Homeowners in Foreclosure A Much Needed Tax Break - 06/13/07 11:36 AM
In a previous blog entry, I had provided information regarding the tax consequences that most homeowners would incur due to the forgiveness of an outstanding debt in a short sale by their lender. It seems that every rule has its exception.Reporting in the Santa Cruz Sentinel (Mar 2007)regarding foreclosures in the … (0 comments)
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foreclosure: Understanding the Pros and Cons of the Short Sale - 06/11/07 02:30 PM
Homeowners facing foreclosure in California have approximately 120 days from the Notice of Default (about 4 months) in order to resolve their outstanding mortgage debt. When a homeowner finds themselves in this situation, the most proactive step a homeowner can do is to act in a timely manner to get … (0 comments)
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foreclosure: Foreclosure – Sorting Through the Good, the Bad and the Ugly - 06/11/07 10:47 AM
What do Clint Eastwood and a homeowner in foreclosure have in common? A homeowner needs to have the same grit and tough determination as Mr. Eastwood to sort between the “good guys” and the “bad guys” even though their circumstances might indicate otherwise.
“Let the Buyer Beware” has been … (0 comments)
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foreclosure: Foreclosures- The Flip Side of Easy Lending Practices - 06/08/07 04:09 PM
For many homeowners who are not watching real estate market trends on a daily or weekly basis, the barrage of articles regarding the increase of foreclosures doesn’t seem to make any logical sense. What many of these homeowners were not aware of was the lending industry’s trend in relaxing the … (0 comments)
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foreclosure: Foreclosure- Why Lenders Are Reaching Out To Assist Struggling Homeowners - 06/08/07 08:03 AM
As home foreclosures begin to mount throughout the country, mortgage companies are becoming increasingly proactive by sending letters, making phone calls and in some cases even knocking on doors to let struggling homeowners know : They'd rather modify a loan than foreclose on the home.
According to an Associated Press … (0 comments)
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foreclosure: What is The Foreclosure Process in California? - 06/08/07 08:02 AM
The California home-buying process usually involves the use of the deed of trust, which by its legal definition involves three parties; the trustor (borrower), the beneficiary (lender), and the trustee (neutral third party receiving the right to foreclose). The deed of trust usually includes a "power of sale" clause that … (1 comments)
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foreclosure: Financial Documents A Homeowner Needs For A Successful Foreclosure Workout - 06/07/07 04:02 PM
Once a homeowner in foreclosure begins working with his lender, he or she will be asked for several financial documents in order to assess the homeowner’s current situation, what was the cause of the default and what type of workout can be accomplished. The reason a homeowner needs to provide … (1 comments)
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foreclosure: Buyer Beware! 3 Foreclosure Scams and How to Spot Them - 06/07/07 12:01 PM
If at any time the adage of “Let the buyer beware” were applicable, it would certainly be when a homeowner is experiencing foreclosure. Distressed homeowners undergoing foreclosure are often approached by less than ethical business people (lenders, financial advisor and/or realtors) that are more interested in their own financial gain … (1 comments)
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foreclosure: Foreclosure- When Ignorance Is Not Bliss - 06/07/07 11:49 AM
We’ve all heard the saying “ignorance is bliss”; but purchasing a house or condominium with this attitude may be until the collector starts sending a homeowner those inevitable letters and they receive phone call after persistent phone call from their loan servicer regarding their late payments. While most people associate … (0 comments)
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foreclosure: Get Ready...Foreclosure Tsunami Predicted by New Study - 06/07/07 10:58 AM
While various real estate market prognosticators have been projecting their opinions on what the coming foreclosure market will be and everyone needs to weigh in on the debate, the conversation is taking a new turn as Cristopher L. Cagan, director of research and analytics at First American CoreLogic Inc. – … (0 comments)
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foreclosure: Facing Foreclosure?-What Types of Debt Collection Practices Are Prohibited? - 06/07/07 08:03 AM
While many homeowners are fully aware that they are liable to be contacted by their lender or a third party debt collector if they fall behind on their mortgage payments or are facing foreclosure, many are not aware what their rights are in regard to what constitutes fair debt collection … (0 comments)
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foreclosure: Facing Foreclosure? Benefits of Maintaining a Positive Attitude During Tough Times - 06/07/07 08:00 AM
It should be obvious to most people that any homeowner who is undergoing foreclosure didn’t want to be there! While most people can identify the root causes of foreclosure as financial hardships caused by loss of a job, accident, injury, chronic illness or divorce, these added pressures and a negative … (0 comments)
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foreclosure: How to Save Your Home From Foreclosure - 06/07/07 12:09 AM
The great American dream of homeownership is what many in the United States diligently strive after. While homeownership brings a host of benefits, no one will argue that you take on an equal amount of responsibilities when you purchase your home. In the current real estate market, becoming a homeowner … (2 comments)
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