A mix of Standard, Short Sales and Bank Owned Properties Sold in La Habra A mixture of homes were sold both in Novemver 2010 and December 2010 making up standard sales, short sales and bank owned homes. Let’s define what a standard sale, short sale and bank owned(reo) are: A standard home sale consists of […]
A mix of Standard, Short Sales and Bank Owned Properties Sold in Hacienda Heights A mixture of homes were sold both in November 2010 and December 2010 making up standard sales, short sales and bank owned homes. Let’s define what a standard sale, short sale and bank owned(reo) are: A standard home sale consists of […]
Foreclosures and Loan Modification Programs The state Senate passed a bill that bars lenders from starting foreclosure proceedings against borrowers until after they’re found to be ineligible for a modification. We urge the Assembly to move the bill forward. Despite the vital interest that both lenders and borrowers have in avoiding money-losing foreclosures, the number […]
When a person falls behind on their mortgage, there are options available to the borrower. Options include Loan Modifications, Reorganization of debt through Bankruptcy Protection, Short-Sales, Deed-in-Lieu of Foreclosure, or an outright sale of your property. Naturally more options are available to the person who seeks immediate legal advice. Here are a few options available […]
Short-Sale Incentives Start April 5th Potential buyers of short-sale homes might consider waiting until April 5th before making a formal offer. That’s the date the federal government will begin offering lenders financial incentives to hasten the process. Under the new rules, banks will seek a BPO before the property is listed for sale and let […]
Another Foreclosure Alternative HOMEOWNERS on the verge of foreclosure will often seek a short sale as a graceful exit from an otherwise calamitous financial situation. Their homes are sold for less than the mortgage amount, and the remaining loan balance is usually forgiven by the lender. But with short sales beyond the reach […]