foreclosures: Foreclosure Starts Are on The Rise In San Diego, California.
- 07/16/12 11:40 AM
Foreclosure Starts Are On The Rise In San Diego, California. The number of mortgages entering the foreclosure process in June 2012, rose 4 percent to 104,294 compared with a year ago--the second month in a row foreclosure starts were up over the year--according to RealtyTrac report. The month over month statistics look a little better: Foreclosure starts -- notices of default or schedule auctions fell 4 percent in June 2012 when compared to May 2012, 109,051 properties.. Information offered by: Crescent Moon Realty, Inc.--Get Your Free Home Buyers Guide Today.
The present administration is pondering turning thousands of government owned foreclosures into rental properties to help boost falling home prices. The Federal Housing Finance Agency said Wednesday it is seeking input from investors on how to rent about 250,000 homes owned by government-controlled mortgage companies Fannie Mae and Freddie Mac and the Federal Housing Administration.
All the homes are foreclosures. Rescue of the Freddie Mac & Fannie Mae took place in 2008, and the U.S government has fund them since the financial crisis. Converting the homes into … (2 comments)
Local San Diego, California buyers are heading/stampeding to the court house steps to buy foreclosed on homes. "WHY" you might be wondering, the reason is that when it comes to choosing a foreclosed home auction over a short sale the foreclosed home gets the vote. Too many buyers are disappointed in the short sale process. Especially if there is a second or a third lender involved. "It is usually the lender mortgage insurance that nobody knew about, and it is usually on the second … (3 comments)
foreclosures: Sellers Who Rather Go Into Foreclosure.
- 05/29/08 02:41 PM
It is becoming a common theme with some sellers that are facing foreclosure not to care any longer and just let the home go into foreclosure. It seems these sellers are facing obstacles that they think are too insurmountable to handle. It is heart wrenching when you discuss the ramification with a seller that is on the ropes about foreclosure and all they say is that they want out --- they do not care any longer. It seems that these sellers have had all the wind taken out of their sails. I for one have given many sellers pep talks that are on the … (5 comments)
foreclosures: What Does Foreclosures, Arson, and Burglaries Have In Common.
- 01/31/08 01:18 PM
With California being #4 in foreclosures in the United States, many homeowners that are being foreclosed on are turning to some very unbelievable solutions. People in desperate times will due desperate things, with the foreclosure rate up many families are reporting that their home has been burglarized and turning in false claims into their insurance companies. It is a a shame that these homeowners feels that this is a remedy to their situation.Arson, yes, Arson, is on the raise, so many homeowners here have found that if they can not keep the home they set out to destroy it. Insurance companies are … (6 comments)
foreclosures: Comprehensive Mortgage Reform and Anti-Predatory Lending Act of 2007.
- 10/25/07 09:42 AM
Please read the information below, it is the Readers Digest version of the new bill that is before congress on the Comprehensive Mortgage Reform and Anti-Predatory Lending Act of 2007. This is something as Realtors and Lenders we all should take an interest in. Write or email your local representatives to get involved in working on this bill. 10/22/2007 4:12:44 PM On Monday, Reps. Brad Miller (D-NC), Mel Watt (D-NC) and Barney Frank (D-MA) introduced a mortgage reform act into the US House of Representatives, according to a joint press statement issued by the House Financial Services Committee. The "Comprehensive Mortgage Reform … (5 comments)
Foreclosure Starts Are On The Rise In San Diego, California. The number of mortgages entering the foreclosure process in June 2012, rose 4 percent to 104,294 compared with a year ago--the second month in a row foreclosure starts were up over the year--according to RealtyTrac report. The month over month statistics look a little better: Foreclosure starts -- notices of default or schedule auctions fell 4 percent in June 2012 when compared to May 2012, 109,051 properties.. Information offered by: Crescent Moon Realty, Inc.--Get Your Free Home Buyers Guide Today.
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