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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...

Stratgic steps for distressed homeowners to start over

by countyproperties | Jun 8, 2012 | Latest News, loan modification, San Diego Foreclosure news, Short Sales

Clearly, thankfully, the market is looking up. Way up, actually. In many markets, tales of multiple offers and a dearth of homes vis-à-vis the numbers of buyers who want them are becoming commonplace. Now, many analysts point to the banks’...

Bank of America offers $2.5k-$30,000 to short-sellers

by countyproperties | May 18, 2012 | Latest News, Real Estate news, Short Sales

Bank of America says it will provide up to $30,000 in relocation assistance to delinquent borrowers who work with the bank to obtain a preapproved short-sale price before submitting purchase offers. Short sales must be initiated by the end of this year and close by...

What is the Home Affordable Refinance Program (HARP) new changes for 2012?

by countyproperties | May 18, 2012 | Finance, Latest News, loan modification, San Diego Foreclosure news, Short Sales

Chances are, you or somebody in your family was severely affected by the downturn in the housing market. Millions of Americans have been forced into foreclosure, short sale, or bankruptcy. Millions of other Americans struggle to pay their mortgages at inflated rates...

Fannie and Freddie Set Much Shorter Timelines for Short Sales

by countyproperties | Apr 28, 2012 | Latest News, loan modification, Short Sales

Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days. The GSEs issued new guidelines Tuesday that fall under the...
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