ROBO SIGNING CONTINUES: ATTORNEYS GENERAL WAKE UP! - 07/26/11 05:41 PM
ROBO SIGNING CONTINUES: ATTORNEYS GENERAL WAKE UP!
Mortgage servicing companies were called to task last fall when it was discovered that the companies handling the documents for the many thousands of foreclosures were not even reading the documents.  Employees were just signing them to expedite the foreclosures and move the mountains of paperwork down the pipeline.  The big banks suspended foreclosures while they investigated the “robo signing” process and committed to fixing their systems.
Apparently, that was all an exercise in public relations.  Various county clerk offices around the country are reporting that documents continue to come in with questionable signatures.  … (1 comments)

BANK OWNED (REO) HOME SALES DATA FOR FOLSOM, CA – JUNE 2011 - 07/25/11 08:07 PM
BANK OWNED (REO) HOME SALES DATA FOR FOLSOM, CA – June 2011
 
This is the latest monthly report of a nearly four-year study of bank owned (REO) home sales in Folsom, CA.  This report covers June 2011.
There were 23 REO homes sold in Folsom in June, a 26% increase over the previous month.
The average days on market dropped from 53 for two months in a row to 49 in June.  Two of the homes had been on the market for over 100 days and one had been on the market for 244 days, skewing this statistic slightly.  However, … (0 comments)

BANK OWNED (REO)HOME SALES DATA FOR EL DORADO HILLS,CA– JUNE 2011 - 07/25/11 08:06 PM
BANK OWNED (REO)HOME SALES DATA FOR EL DORADO HILLS,CA– JUNE 2011
 
This is the latest monthly report of a nearly four-year study of bank owned home sales inEl Dorado Hills,CA.  This report covers June 2011.
There were 19 REO homes sold in El Dorado Hills in June, two more than sold the previous month.
The average days on market increased from 66 in May to 72 in June.  Three of the homes had been on the market for over 100 days, one for 367 days.  However, 32% of the homes that sold were on the market for two weeks or … (0 comments)

 
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Mike West -El Dorado Hills, CA CDPE, CNE, Licensed Loan Originator

El Dorado Hills, CA

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Heritage Oak Properties

Address: P.O. Box 5571, El Dorado Hills, CA, 95762

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