foreclosure: Avoiding Pitfalls When Buying a Pasadena Foreclosure
- 01/18/11 11:09 AM
Never before have there been so many excellent foreclosure properties available in and around Pasadena, and many potential buyers would like to purchase one of these discounted homes for a primary residence, vacation property, or income producing rental. But the foreclosure market is complicated, and not every good deal that shows up on the Pasadena foreclosure market is free of problems. Many foreclosed homes, for example, are burdened with legal and financial liabilities including past due taxes to the IRS, invoices due to contractors who have filed liens against the value of the property, or structural problems with the house that … (0 comments)
foreclosure: The New Year’s Real Estate Forecast for Sellers in Burbank, CA
- 01/05/11 08:44 AM
The real estate market in Burbank has gained a great deal of traction within the past year, and now increasing numbers of buyers are shopping for homes. After years of tightened credit and a significant shortage of affordable credit and home loans, banks and other lenders serving the Burbank area are also offering more real estate loans at significantly better prices. That is thanks to improved confidence in the ability of borrowers to repay those loans, and easier credit is helping to facilitate home sales. Overall consumer confidence is also the highest it has been in at least five months according … (0 comments)
foreclosure: $2 billion in Federal funding for CA homeowners facing foreclosure.......
- 12/06/10 02:03 PM
Federal funding for a California plan that helps borrowers facing foreclosure has snowballed to $2 billion, enough to potentially help more than 100,000 homeowners. But the program lacks formal agreements with the nation's largest banks and investors, and their cooperation is needed to make the proposed effort broadly successful. Out of the three major mortgage servicers - Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. - only Bank of America has told the state that it will participate in a central part of its Keep Your Home program that would reduce the principal balance of … (0 comments)
Never before have there been so many excellent foreclosure properties available in and around Pasadena, and many potential buyers would like to purchase one of these discounted homes for a primary residence, vacation property, or income producing rental. But the foreclosure market is complicated, and not every good deal that shows up on the Pasadena foreclosure market is free of problems.
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