by countyproperties | Jul 22, 2011 | Current Affairs, Finance, Latest News, Riverside Short Sales, San Diego Short Sales, Short Sales
Governor Jerry Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for...
by countyproperties | Jul 22, 2011 | Current Affairs, Finance, Latest News
What Does it Mean to Escrow Property Taxes? Escrowing your property taxes is a simple concept and useful tool for many property owners. When you escrow your property taxes, your lending company will assess you an extra amount over and above your mortgage payment each...
by countyproperties | Jul 14, 2011 | Current Affairs, Finance, Latest News
In anticipation of the expiration of current loan limits on Sept. 30, 2011, Bank of America has stopped accepting conventional and government applications for loan amounts that will exceed the permanent loan amounts. The deadline to submit loan applications was July...
by countyproperties | Jul 8, 2011 | Finance, Latest News, loan modification, Sellers, Short Sales
Under a settlement with the Federal Trade Commission, a federal court banned three men and their company from the mortgage modification business and ordered them to pay nearly $19 million for consumer refunds. The defendants allegedly deceived distressed homeowners...
by countyproperties | Jul 8, 2011 | Finance, Latest News, Real Estate news
For the clearest sign yet that U.S. housing reform is floundering, just take a look at the latest proposal. Two lawmakers, with industry lobbyists in tow, are heralding a union of Fannie Mae and Freddie Mac , which would leave the government still in charge. Even more...
by countyproperties | Jun 24, 2011 | Current Affairs, Finance, Latest News, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
From foreclosure frauds to subprime shenanigans, mortgage fraud is a growing crime threat that is hurting homeowners, businesses, and the national economy. The FBI has developed new ways to detect and combat mortgage fraud, including collecting and analyzing data to...
