This is a two-part cruise around the 92067 to see if there is more hope that ranch properties might be slipping closer to the $1,000,000 mark. Jeeman had seen this too, and sent it over when the price was $999,000 to $1,350,000, but by the time I arrived, the price...
Hat tip to JimG for leaving this comment yesterday: Really can’t say if this is a one day event or will be something more but LPS, who is a outsourcer of REOs for many banks just dropped 609 REOs in California today, all from Bank of America. Guess that means BAC has...
Hat tip to shadash, who is fuming: Bank of America wants to give struggling mortgage customers who are collecting unemployment benefits up to nine months with no mortgage payment. That's right. Zero payment. Customers would have to agree that, if they haven't found a...
This footage was taken in December when both houses were for sale. The agent had told me that he would submit our offers of $1.2 each, that is until a female agent said she'd submit the same, and he forgot all about me. Later he raised the prices to $1.5 million...
From the W-S-J: After losing her condo in San Diego to foreclosure last year, Charissa Kolich thought that at least she was free of mortgage bills. But Wells Fargo & Co., which holds a home-equity loan made five years ago to Ms. Kolich, last month filed a lawsuit...
Bank of America is sending out emails confirming that they are participating in the HAFA program, and linking to the N.A.R. description: HAFA Provisions Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but...
Hat tip to Susie! From the L.A. Times: The measure, which is expected to be signed by Gov. Arnold Schwarzenegger, would waive state taxes on mortgage debt that has been forgiven in a foreclosure or short sale. Thousands of Californians whose homes were foreclosed on...
From NMN, a summary of HAFA, with doubts (more videos coming!): As an alternative to foreclosure, the government's forthcoming program to spur short sales may prove just as ineffectual as the push to modify loans. In a short sale, the borrower sells the home for less...
From the C.A.R. UNDISCLOSED SHORT SALE PAYMENTS MAY BE ILLEGAL Undisclosed payments in short sale transactions, especially those paid outside of escrow, may violate the law, including RESPA, laws against loan fraud, and licensing laws. Short sale agents have...
