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deed in lieu: How The Foreclosure Process Works – Hanging On To Your Home - Part Four - 01/14/08 01:25 PM
After the recent developments with Countrywide Home Loans I though readers might be interested in an update to my first three posts on "Hanging On To Your Home".
Although in my particular market we have a very small number of foreclosures and short sales (less than 4% of the current listing inventory, assuming that the data inputted is accurate. which may or may not be the case), the ripple effect is significant. 
Disclaimer - the information here may or may not relate specifically to YOUR situation.  Seek competent legal and professional real estate advice if you have concerns regarding your home. 
If you … (2 comments)

deed in lieu: How The Foreclosure Process Works – Hanging On To Your Home - Part Two - 06/17/07 12:51 PM
In part one I reviewed the foreclosure process as outlined by the Home Retention Division of Countrywide Homes Loans in a presentation to about 400 Realtors® on June 14th in Glendale, California.  Confronted with 200 requests DAILY for Short Sales, I wanted to outline the foreclosure process first, then cover the options that borrowers have.  Note that although foreclosures are increasing, the total number is still relatively small.  Due to the appreciation rates over the past six years most homeowners have plenty of equity.  So when the media reports "foreclosure rates up 200%", it's 200 times a very small number. 
First, … (4 comments)

 
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Keith Sorem

Glendale, CA

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Keller Williams Realty

Address: 411 North Central Avenue, Suite 100, Glendale, CA, 91203

Office Phone: (818) 432-3269

Cell Phone: (818) 230-8049

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