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Don’t Lose Your House in a Foreclosure Auction by David Cooper on June 29, 2015 in Distress Property Solutions 310-463-7667 NEED HELP in Los Angeles CALL 310-463-7667 Foreclosure deals are still everywhere. That’s why it’s so important that you understand how to speak to a distressed seller...
06/28/2015
While more than a quarter of a million homes regained equity during Q1, the percentage of residential properties with negative equity – commonly referred to as being “underwater” or “upside down,” meaning the borrower owes more on the mortgage than the home is worth –Delinquent Under Water Home ...
06/17/2015
Banks Increase Foreclosure Auctions on Non Paying HomeownersBanks realize that because of this seller’s market, they can get top dollar, even for the scratch-and-dent properties that foreclosures represent,” said Daren Blomquist, vice president at RealtyTrac. “That gives them more motivation to...
06/15/2015
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Los Angeles Foreclosed HomesZombies still up from a year ago in half of U.S. metrosZombies still increased in 91 of the 183 metropolitan statistical areas analyzed in this report. Major markets where the number of zombies increased from a year ago included New York (up 38 percent), Los Angeles (...
06/12/2015
310-463-7667 The increase in home ownership has been accompanied in many countries by record foreclosure rates, particularly during the recession. Just a couple of missed mortgage payments can start foreclosure proceedings, and before you know it the house you’ve worked so hard to buy can be tak...
06/07/2015
David Cooper 310-463-7667Banks grant short sales for two reasons: the seller has a hardship, and the seller owes more on the mortgage than the home is worth.Even in Foreclosure There is Money in Your HouseThe seller will need to prepare a financial package for submission to the short sale bank. ...
06/02/2015
David Cooper Home Loan Advocate Ask what it will take to stall foreclosure: Lenders may have programs in place designed to help homeowners. These types of programs have been facilitated by government subsidies as part of the 2009 economic bailout plan that provides help for homeowners. Ask what ...
05/27/2015
What is a Short Sale?A short sale happens when the lender is shorted on a mortgage, meaning the lender accepts less than the total amount that is due.If your mortgage is $100,000, but your home is worth, say, $90,000, you are $10,000 short, not including costs to close the sale such as real estat...
05/26/2015
http://www.lasvegaswinner.org/homeThe average sale price of REOs sold in the first quarter was 87 percent of the average estimated market value of those same properties at the time of sale. In some markets REOs sold at a much higher price-to-value ratio, including San Diego, California (100 perc...
05/21/2015
Using data collected from the Internal Revenue Service (IRS), we calculated that a homeowner owning a home, who took the average for each of four tax benefits would claim $15,871 in home-related deductions. Those factors are as follows:Homeowners are given access to several tax benefits that ren...
05/13/2015