california foreclosures: California Foreclosure Update - 02/26/11 04:06 PM
California Foreclosure Update
Recent articles are once again alarming in the REO world.  California had a huge jump in Foreclosures once again after the lifting of annual holiday moratoriums combined with Robo Signing & Mers obsticles. Here are a few reasons you need to get some REO training if you want to survice in 2011 and beyond selling RE in CA:
THIS JUST IN. 4 FED PROGRAMS TO BITE THE DUST
On the chopping block are the Home Affordable Modification Program (HAMP), HUD's Neighborhood Stabilization Program, the Federal Housing Administration (FHA) Short Refi Program, and the Emergency Homeowner Relief Fund passed … (3 comments)

california foreclosures: REO Training in LA County - 09/05/10 02:26 AM
REO Training in LA County
Flier for upcoming Foreclosure Agent training at the Burbank Association of REALTORS

… (2 comments)

california foreclosures: Don't Worry No One Can Qualify - 09/01/10 10:41 AM
Just got a message from my State Senator touting the latest US Treasury backed California relief from foreclosure program that will be funded by the US Treasury for those who are unemployeed to "SAVE" their home from foreclosure....well maybe not.
To qualify for Keep Your Home's Unemployment Mortgage Assistance program, homeowners must be eligible for unemployment benefits, meet income guidelines, live in their home, and be fewer than 90 days behind on their mortgage payments.  For borrowers who have refinanced their loans, only those who did so to change the interest rate or the length of their loan are eligible; the assistance is not … (3 comments)

california foreclosures: NEW NUMBERS DO LIE - 06/17/10 03:25 AM
Many blogs are now being written about the dip in foreclosure numbers in hardest hit states like California, Florida, Arizona, and Nevada.  Problem is that sometimes the numbers do lie.  Sure the amount of properties canceled (postponed) in California have risen due to all the government intervention.  Does not mean these will not become foreclosures in the next 90-120 days?  Not from what the history I have tracked.
The thing that smacked me in the face two days ago while searching the new listings in my MLS was that of the 14 new listings, 11 were either HUD, FANNIE, or FREDDIE. … (3 comments)

california foreclosures: Have You Tried A HAFA Yet? - 05/17/10 01:36 PM
Have You Tried A HAFA Yet?
This program was rolled out with much fan fair by the government and the lenders as the next best thing since sliced bread yet I have not spoken to one agent that has gotten one of these through the process yet.  In doing the math on their time line at least a few should already be listed in the MLS but I have yet to see one. 
If you have attempted one of these could you please give us all some feedback.  I fear that this is just another round of stall tactics to … (0 comments)