One hard hit group of homeowners in these economically challenging times is the unemployed; those who have lose their income through job loss. While many programs have done much to help keep homeowners in their homes if possible, Fannie Mae … Continue reading
While most of us agree that that walking away from a home just because the balance on the loan is higher than the current value is wrong, there are those that simply can not make their payments. This may be … Continue reading
According to an article in the San Diego News a recent poll showed that 59% felt it is ‘unacceptable’ to walk away from a mortgage. This was the findings of the Pew Research Center poll. 2,967 adults were surveyed during … Continue reading
Sound to good to be true? Well, it appears to be happening as you read this. A new start-up called Loan Value Group is doing just that. And it appears to be working and gaining interest. According to a recent … Continue reading
According to reports by the Associated Press applications for mortgage loans declined by 1.5% last week. This may be in part due to the interest rates climbing slightly from the fantastic lows of recent times. The Mortgage Brokers Association reported … Continue reading
In an effort to help the home owners who have continued to make their payments even though the home is currently worth less than what is owed, the federal government has launched its plan to allow FHA loan refinances for … Continue reading
We think they are! Or at the very least exaggerating the negatives and minimizing or omitting the positives. If you have followed the recent news trends it would seem that real estate has become the brunt of sensationalism again. Are … Continue reading
While glancing through my sources of real estate news this morning I came across an article mentioned by the California Association of Realtors®. It was published by the Wall Street Journal. While it is based on national trends, I see … Continue reading
SB1275, a bill that would have required banks to hold off on foreclosure proceedings while they were negotiating loan modifications with a home owner was rejected this week by the Assembly. This bill would have also required the banks to … Continue reading
Last year California signed into law protection for homeowners who lost their homes through foreclosure. Is essence, the law prohibited lenders from suing displaced homeowners for the loss suffered in market value if the loan was purchase money. This law … Continue reading