385,468 homeowners received mortgage modification in first half 2012

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...

California Homeowner Bill of Rights signed into law for 2013

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...

New home short sale anti-deficiency protection for refinance loans

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...

Multiple offers on San Diego homes are back

by countyproperties | Jun 16, 2012 | Current Affairs, Latest News, San Diego Real Estate

As you might have heard by now, multiple offers are the new black. Well – kind of; if your own home is on the market or soon to be, it can seem like you break your back to prepare your home and it lags and lags on the market while all the cool kids houses and...

Shadow inventory shrinks along with the rest of the housing

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%...

Are we missing the boat as International Sales Continue to Climb in U.S. Market

by countyproperties | Jun 16, 2012 | Latest News, Real Estate news, San Diego Investment Properties, San Diego Real Estate

Consumer data show that Americans are taking a “wait and see” approach to buying or selling a home, according to Fannie Mae’s May 2012 National Housing Survey. “This is not surprising given their assessment that their income during the past...