Top Reasons to Sell Your Home Via Short Sale

Written by on March 13, 2009

Perhaps you’re “upside down” on your house and can no longer afford your mortgage payments. Maybe you owe more than the property is worth and simply can’t refinance. Or, it may be that you still can’t handle your house payments even after modifying your loan or reducing your interest rate. Times are tight and you’re [...] Read more »

Top 5 Benefits of Buying a Bank-Owned Home

Written by on March 5, 2009

1. More home for your buck. How? By taking advantage of potentially lower interest rates and dramatically lower prices, two ways in which banks entice buyers to take a losing asset of their hands—fast! Bank-owned (REOs) and foreclosed upon properties average discounts between 20% and 25% off their overall retail value. Buying the property “as [...] Read more »

The Inside Scoop: How Banks & Mortgage Servicers Are Coping With Foreclosure Explosion

Written by on February 26, 2009

In an effort to stay on top of the latest in the exploding foreclosures market and the ever-adapting mortgage loan servicing industry, I had the benefit of attending the Feb. 17-20  MBA’s National Mortgage Servicing Conference & Expo in Tampa, Florida. I’m excited to share the crucial insider information I was able to learn and [...] Read more »

Gov. Schwarzenegger’s Foreclosure Moratorium Explained

Written by on February 25, 2009

Gov. Arnold Schwarzenegger signed a 90-day moratorium on California home foreclosures (legislation SB2X-7 and AB2X-7) amid criticism that the law likely won’t put a dent in the skyrocketing pace of repossessions. Here’s what you need to know: The bill, as part of the state’s recent budget deal, safeguards owner-occupied residences that had first loans on [...] Read more »

This Week’s Top Properties: 3 Great Value Southern California Foreclosures

Written by on February 24, 2009

44 Tavella Place, Foothill Ranch, Calif. 92610 VIP SPECIAL, CALL FOR PRICING INFO CLICK HERE FOR MORE PHOTOS Square Feet: 2,115 Lot Size: 3,794 sq. ft. Rooms: 4 bedrooms, 2.5 baths Here’s your chance to buy a spectacular Orange County two-story home with all the trimmings. Nestled in a private neighborhood, this completely refurbished four-bedroom, [...] Read more »

5 Reasons to Buy a Southern California House Right Now

Written by on February 4, 2009

Home prices just keep falling. … and they’re only expected to dip even lower. In Los Angeles County, including right here in Long Beach, already historically-low prices have plummeted by 30%! That’s quite a bit steeper than the average national drop—21% in the past year. As of today there are 2,035 homes for sale in [...] Read more »

Troubled Asset Relief Program: Will It Help Homeowners At Risk of Foreclosure?

Written by on January 30, 2009

Why is TARP in the news? Because President Obama is considering spending up to $100 billion in financial rescue funds from the Treasury Department’s $700 billion Troubled Asset Relief Program. Why? To put the brakes on the subprime mortgage crisis. Bank regulators and Congressional leaders, are pressuring the Obama administration to use the funds to [...] Read more »