Several readers have suggested that the CA Homeowners Bill of Rights has been the cause of the slowing foreclsoure activity - and now Barclays agrees. From dsnews.com: The California Homeowner Bill of Rights (HBR) is the main driving force behind the recent slowdown...
California's Homeowners Bill of Rights will add an estimated $30,000 of legal exposure into each and every non-judicial foreclosure, according to a white paper released by Robert L. Jackson and Associates. Intended to educate loan servicing professionals and the...
The Homeowner Bill of Rights launched in California not only changed hundreds of years of real estate law, it may have turned the West Coast state into a judicial foreclosure state with financial firms on high alert, legal experts claim. "In California, they just gave...
The gap between SD distressed and non-distressed pricing appeared to be widening yesterday. Can we get a glimpse of what to expect for the rest of the year by analyzing the current pendings and contingents? How do they look around North SD County's Coastal region? We...
We've gotten the feeling that banks aren't pursuing defaulters much after hearing anecdotal evidence about homeowners who aren't getting calls from their banks and servicers, even though they've been behind in their payments for over a year. Here is supporting...
The CHBR begins January 1st, so the scrutiny should be ramping up. While this is a great article, it ends abruptly because no one can quantify how the CHBR might limit credit availability. If it means down payments will be 4% to 6% larger, that isn't a bad thing for...
