by countyproperties | Nov 7, 2009 | Finance, Real Estate news, Riverside foreclosure news, Riverside Real Estate, Riverside Short Sales, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
Some homeowners underwater on their houses–who owe more on their mortgages than their homes are worth–wonder what would happen if they were to stop paying their mortgages. When lenders do not receive payments, the first action taken by the lender is to...
by countyproperties | Nov 7, 2009 | Finance, Riverside foreclosure news, Riverside Short Sales, San Diego Foreclosure news, San Diego Short Sales
Q 1. What is a “preforeclosure sale” is that the same as a short sale? A”A preforeclosure sale involves the sale of the property by the borrower to a third party for less than the amount owed to satify the delinquent mortgage, as agreed to by the...
by countyproperties | Oct 30, 2009 | Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
The median price of an existing, single-family home in California rose for the seventh consecutive month in September to $296,090, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ most-recent sales and price report. Home sales also...
by countyproperties | Oct 24, 2009 | Finance, Riverside foreclosure news, San Diego Foreclosure news
That transaction, in which borrowers sell their house for less than they owe, has earned a reputation as a frustrating morass with banks taking weeks or months to respond to offers and then often rejecting them. Because lenders swallow a loss on short sales, they have...
by countyproperties | Oct 24, 2009 | Current Affairs, Finance, Riverside foreclosure news, San Diego Foreclosure news
OBAMA ADMINISTRATION ANNOUNCES $60 MILLION IN HOUSING COUNSELING GRANTS TO NEARLY 500 NATIONAL, STATE AND LOCAL AGENCIES HUD to provide $60 million in housing counseling grants The U.S. Dept. of Housing and Urban Development (HUD) announced this week it will issue $60...
by countyproperties | Oct 16, 2009 | Finance, Real Estate news, Riverside Real Estate, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
Short Sell your existing home,and then Buy your next home concurrently! To Short Sell, the existing bank or lender agrees to discount the loan balancebecause of an economic or financial hardship on the part of the owner.These extenuating homeowner...
