From the U-T: WASHINGTON -- With the Obama administration and private lenders now actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive --...
From the U-T: San Diegans who have lost their homes through foreclosure or short-sales thought they had emerged from the dark times and could start rebuilding their lives. Then the state tax man came calling. With less than six weeks before taxes are due, an estimated...
On Monday, CR had this SS post and graph on the increase in short sales. The information used was part of a package that included a national audio conference held that day about short sales, and the upcoming HAFA, which begins April 5th. There were three speakers,...
This two-part video is intended to be an instructional piece on exploring the alternatives to short-selling. If you come here for the entertainment, you'll be disappointed - this is only one-person's dry examination of the facts pertaining to their situation. The...
Yesterday Sean saw these NSDCC January numbers posted here: REO resales on MLS: 21 Short sales on MLS: 14 Trustee sales, REO: 32 Trustee sales, bought by 3rd party: 18 Trustee sales, cancelled: 56 and he asked about the cancelled trustee sales - how do they break...
updated 12/1/09 I. Fannie Mae Credit Guidelines Q 1. How long is the time period after a foreclosure before a consumer can be eligible to obtain credit to purchase a home? A Five years from the date the foreclosure sale was completed. Additional requirements that...
This guy received his first NOD in April, 2006, and has been working the system ever since. Yesterday he listed the house on the MLS for the first time in almost two years with a broker out of the 916 area code. With his next trustee sale date being January 14th (the...
From bloomberg.com, hat tip PH! Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers. "The rich...
Seen on CR, this summary on Bloomberg discusses the recent developments with short sales, DILs, and loan modifications. The article's ending: Short sales benefit a neighborhood because they clear out stagnant properties that may have an adverse effect on values, said...
My dear freinds at Piggington are discussing the house in Leucadia listed for $1.3 million, http://piggington.com/more_high_end_devastation_in_encinitas and people are probably wondering why it hasn't sold. Is it the reluctance of buyers and agents to buy a short...
