by countyproperties | Aug 16, 2012 | Latest News, loan modification, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
In thefirst six months of 2012, the nation saw 385,468 completed loan modifications, a 28% drop from year-ago levels, Hope Now said. Foreclosure starts also declined 15% while completed foreclosures fell 10% from the same six-month period of 2011. Of the homeowners...
by countyproperties | Aug 3, 2012 | loan modification, San Diego Foreclosure news, San Diego Short Sales
Federal Housing Finance Agency Acting Director Edward DeMarco will not allow principal reduction onFannie Mae and Freddie Mac loans. “Given our multiple responsibilities to conserve the assets of Fannie Mae and Freddie Mac, maximize assistance to homeowners to...
by countyproperties | Aug 3, 2012 | Latest News, San Diego Foreclosure news
The U.S. ended the month of June with 60,000 completed foreclosures, a 24% drop from year ago levels when 80,000 foreclosures were reported for the same month, according to a report from mortgage data analytics firm CoreLogic.The steep drop puts completed foreclosures...
by countyproperties | Jul 22, 2012 | Finance, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales, Short Sales
California Governor Jerry Brown signed into law yesterday the Homeowner Bill of Rights to help struggling Californians keep their homes. This law aims to avoid foreclosure where possible to help stabilize California’s housing market and prevent the other...
by countyproperties | Jul 22, 2012 | Real Estate news, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales, Short Sales
Starting January 1, 2013, a new California law will protect homeowners who default on their refinance loans from personal liability for any deficiency following foreclosure. Existing anti-deficiency law protects a borrower from personal liability for the difference...
by countyproperties | Jun 16, 2012 | Latest News, Real Estate news, San Diego Foreclosure news, San Diego Real Estate
The number of properties pending foreclosure or REO, but not yet on the market to sell, is down year-over-year in April. The shadow inventory supply now stands at 1.5 million units, representing a four-month supply, according to . The shadow inventory fell nearly 15%...
