california foreclosure: California Foreclosure Activity up 38% in First Quarter of 2008 - 05/06/08 02:56 PM
California Foreclosure Report shows a 38% increase in default notices for Q1 2008. Default notices in California are the highest they have been in over 15 years. The housing market will continue to deteriorate as home prices decline and adjustable mortgages reset.
Read our California Foreclosure press release to view each county's … (1 comments)
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california foreclosure: Sales Master Ben Gay III joins Bruce Norris on the TNG Real Estate Radio - 05/02/08 05:29 PM
Bruce Norris is joined by one of the Nation’s best salesmen and sales trainers, Ben Gay III. Bruce and Ben discuss how Ben’s life changed when he answered an ad from Bill Dempsey, how Ben got his start in the sale business, working for one of the first multi-level companies … (0 comments)
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california foreclosure: Avoid Foreclosure San Diego Home Owners - 04/17/08 06:26 PM
Avoid Foreclosure San Diego Home Owners
I found these 10 things to do if you're unable to make your mortgage payment on the HUD web site and found them worth passing on. San Diego has been hit hard with foreclosures and helping homeowners avoid foreclosure in San Diego is a personal quest … (0 comments)
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california foreclosure: Former Chief Economist of Fannie Mae and current Chief Economist of PMI Group David Berson joins Bruce on radio - 03/21/08 03:48 PM
Bruce Norris is joined by former Chief Economist with Fannie Mae and current Chief Economist with PMI Group, David Berson. Bruce and David discuss what PMI Group does, mortgage insurance, risk lenders are no longer willing to take, the size and scope of PMI Group and its services, risk averse … (0 comments)
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california foreclosure: Bear Stearns: is that bail-out, or "plunger protection" working the market as a whole ? - 03/17/08 06:19 AM
A forced marriage by the FED FED must stop the chain reaction before it happens or almost every major finanical institute would face a severe counter party risk based write down(much more uglier than sub-prime). cheap load(arranged friday) to BSC is useless too as no one would think that is enough … (6 comments)
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california foreclosure: We Can Stop foreclosure today and save your home! - 03/11/08 12:53 PM
When a homeowner has a hardship that causes them to get behind in their mortgage payments the lender is usually not willing to work out a suitable means for the client to get caught up. Typically the lender will demand all of the arrears and all of the late fees, delinquent … (0 comments)
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california foreclosure: Christopher Thornberg on The Norris Group Real Estate Radio Show Part 2 - 11/30/07 12:45 PM
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california foreclosure: short sale vs foreclosure - 10/16/07 08:10 AM
Here is a question I was sent via my active rain email. I thought I would post it for two reasons. The first one being to show all the hard core "pay you loan back" that some people attempt to pay them back and hit difficult spots and two it is … (0 comments)
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california foreclosure: want to buy foreclosure properties, here are some websites - 09/02/07 03:50 PM
Psssst... wanna buy a foreclosed property? After a default and after the house does not sell at the Trustee Sale,
the bank/lender owns it. As most know, this is called "REO", for Real Estate Owned. Currently mortgage
companies continue selling their REO's through real estate agents, who list them on the … (3 comments)
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california foreclosure: junk mortgage bond - 09/02/07 03:38 PM
But possibly the bigger news is that S&P said that it would change its methodology for ratings hundreds of
billions of dollars in residential mortgage-backed securities, and review its ratings on hundreds of billions of
dollars in the more complex collateralized debt obligations based on those subprime loans. It is expected … (0 comments)
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california foreclosure: loan originators how much you made last year - 09/02/07 03:35 PM
How much did you make last year? (That was a rhetorical question.) The president of Countrywide earned $48
million, the president of Freddie Mac $15 million, WAMU $8 million, Indy Mac $4 million.
According to Goldman Sachs and Wells Fargo, jobless subprime mortgage lenders are looking for employment in
the booming market … (3 comments)
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california foreclosure: they would pay their credit card first, before their mortgage payment - 09/02/07 03:31 PM
In a surprising survey (very surprising?) released last week, Experian showed that data indicates that many
subprime borrowers are paying off their credit card bills before their mortgage payment! Do they think that they
don't have much to lose by not paying their mortgage? Are their credit cards more important? Prime … (0 comments)
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california foreclosure: another guideline change: sub prime meltdown - 08/19/07 02:08 AM
Bear Stearns changed their product offerings on Friday. They suspended "No Ratio", NIVA, and "No Doc", all second home and investment loans, and their "No MI" programs.
Citi (at the risk of possibly repeating myself) is discontinuing the following programs: for Prime Lending, NIVA & NINA for Non-Agency Alt A, "Home on … (0 comments)
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california foreclosure: California Association or Realtors - Short sale addendum - Restricts Realtors in short sales? - 08/17/07 04:46 PM
C.A.R. RELEASES NEW SHORT SALE LISTING ADDENDUMThe CALIFORNIA ASSOCIATION OF REALTORS(r) (C.A.R.) released yesterdaya new standard-form Short Sale Listing Addendum (SSL). Listing agentsmay attach this addendum to their listing agreements to advise sellersof various aspects of short sale transactions. Key provisions of theShort Sale Listing Addendum include the following:- Advises that … (1 comments)
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california foreclosure: Wait till subprime cloud clears - 08/12/07 06:06 PM
Wait till subprime cloud clears Global markets dictated trend on the US stock exchanges last week. Global bourses witnessed alternate bouts of buying and selling caused by risk aversion or risk appetite that, in turn, was driven by how concerned the market was about the US subprime mortgage woes. As more and more … (1 comments)
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california foreclosure: california foreclosure - 08/05/07 04:26 AM
According to RealtyTrac, more than a quarter of the top 500 leading foreclosure zip codes are in California. Among them, seven East Bay zip codes are represented. Antioch led the region with two zip codes for a total of 837 foreclosures during the three months that ended June 15. The other … (0 comments)
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california foreclosure: Short sale Negotiation - is providing the listing price of the real estate a mistake? - 08/04/07 02:36 PM
If you are representing a property owner in a short sale negotiation with the lender and a lender asked you for the fair market value of the property - how will you respond.
Two mornings ago, I got a call from the lenders foreclosure department three months after sending a short … (13 comments)
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california foreclosure: California forclosure, short sale IRS, loan forgiveness - 06/25/07 04:37 PM
From -- http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/06/05/BUGG5D3FNS1.DTL&feed=rss.business Foreclosure taxes: Suppose your house becomes worth less than you owe, you can't keep up the mortgage payments and the lender forecloses on the property.
You may be liable for two types of taxes: capital gains and cancellation of debt income. The same holds true if you abandon … (22 comments)
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california foreclosure: lenders trying to be an alligator ! - 03/26/07 03:51 AM
Are lenders trying to be an alligator, the whole foundation of the mortgage business has increased the
volatility, and shaken the big position investor. I did have a talk to a big financial hedge fund manager,
according to him the mortgage industry is taking a big hit from the media, … (1 comments)
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california foreclosure: let's face the it ! central valley you are in trouble - 03/23/07 02:59 AM
Short term real estate valuation has been down, since it has peaked
last year. The house prices has been down 30-40% from their all time high. Added the foreclosure, and the
mortgage tightening of the market. To those people who are looking for a "pinch hitter" or a "home run"
market. … (0 comments)
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california foreclosure: san jose foreclosure: " short meltdown or bust" - 03/17/07 11:10 PM
The Capital of Silicon Valley is suffering from the foreclosure wave throught out the country, or is it just a
meltdown of the market, which is taking all over the nation. Pundit's, financial expert has been going "ga-ga"
over the foreclosure loom which would be sweeping the country for the past two … (0 comments)
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california foreclosure: is west coast in the grip of foreclosure, or sub prime melt down. - 02/26/07 05:22 AM
West Coast has been bearish with the foreclosure up for more than a decade. With the market crossing the
peak last year. Company like Ownit, Concorde, and 50 other consumer lender going out. Has made the Wall
Street worry of the state of real estate for the short term. Consumer spending going … (1 comments)
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