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New : HOME AFFORDABE FORECLOSURE ALTERNATIVES PROGRAM (HAFA)

by countyproperties | Dec 10, 2009 | Finance, Real Estate news, Riverside foreclosure news, Riverside Short Sales, San Diego Foreclosure news, San Diego Short Sales

The U.S. Dept. of the Treasury last week announced the Home Affordable Foreclosure Alternatives Program (HAFA), which provides financial incentives to servicers/lenders, borrowers, and investors for a closed short sale or a deed-in-lieu (DIL). Program goes into effect...

Gov't increases pressure on mortgage industry

by countyproperties | Dec 3, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news

Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help borrowers at risk of losing their homes. Treasury Department officials...

California Housing Market Turns Corner

by countyproperties | Nov 27, 2009 | Real Estate news, Riverside foreclosure news, San Diego Foreclosure news

California, one-time hub of subprime mortgage lending and the nation’s leader in home foreclosures, has turned the corner toward a housing recovery, according to the state Association of Realtors. Single-family home prices in California rose for the eighth...

Local housing market is improving

by countyproperties | Nov 27, 2009 | Real Estate news, Riverside foreclosure news, San Diego Foreclosure news

One indicator of whether a local housing market is improving is the inventory level of homes for sale.  REALTORS® can provide this information and tell home buyers and sellers how many months it would take at the current sales rate to absorb that...

Just listed Bank REO 5242 S. Thorn Street San Diego, CA 92105

by countyproperties | Nov 13, 2009 | San Diego Foreclosure news

Just listed bank owned REO 5242 S. Thorn StreetSan Diego, CA 92105 Price: $188,900 2 Bedrooms, 1 Bathrooms 856 Square Ft.Listing # 090063558   REO sale. Oak Park Area, convenient to shopping, freeways & schools. Fenced back yard with...

Half of all homeowners foreclosured on, had no contact with lender

by countyproperties | Nov 13, 2009 | Finance, Riverside foreclosure news, Riverside Short Sales, San Diego Foreclosure news, San Diego Short Sales

“¢  Industry estimates find that half of all homeowners who lose their homes to foreclosure have no contact with their loan servicers.  Homeowners at risk of default or those who already are behind on mortgage payments are advised to contact their...
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