Posted on August 11th, 2011 by Carlo Capomazza
Recently enacted California legislation, CCP §580(e), was originally intended to put individual short sale sellers of 1-4 units, with regard to deficiency issues, in the same position as foreclosed individuals by prohibiting lenders in first position from seeking a deficiency after the short sale had closed. Even more recently the deficiency protection for borrowers in this section has been expanded to include junior lien holders.
While at first glance this revision appears to aid homeowners, it could mean that junior lienholders may no longer approve short sales.
Filed under: Foreclosure, LA Area, Real Estate Market, Selling, Short Sale, Tax Issues, VRN | No Comments »
Posted on July 10th, 2011 by Jennifer Tan
In case you missed it, please read this 6/29/11 NYT’s article that shows consumer support for our government’s doing its damnest to protect and preserve the American Dream of Home Ownership. The article details polls taken on viewpoints on Home Ownership which is still regarded as better than renting due to the tax advantages of [...]
Filed under: Buying, Commentary, Current Events, Economy, Foreclosure, Jennifer Tan, Moving, News, Real Estate Market, Renting, Selling, Tax Issues, VRN | No Comments »
Posted on May 27th, 2011 by Carlo Capomazza
The results of RealtyTrac’s Q1 2011 U.S. Foreclosure Sales Report are taking up a lot of headlines across the web. The report, providing little encouraging news to a housing market desperate for a recovery, should however, open the eyes of some prospective homebuyers sitting on the sidelines.
Filed under: Buying, Economy, For Sale, Foreclosure, LA Area, Money-Saving, News, Real Estate Market, Short Sale, VRN | No Comments »
Posted on April 19th, 2011 by Carlo Capomazza
As a seller who has a strong motivation to sell, do you try to sell now or hold on for a better market?
Filed under: Buying, Commentary, Foreclosure, Listing Presentation, Selling, Short Sale, VRN | No Comments »
Posted on July 1st, 2010 by Carlo Capomazza
Recently, Bank of America sent out nearly 100,000 solicitations to distressed homeowners offering them a chance at a deed-in-lieu transaction.
Filed under: Current Events, Foreclosure, Mortgage, Real Estate Market, Short Sale, VRN | No Comments »
Posted on June 20th, 2010 by Carlo Capomazza
Trulia.com and RealtyTrac recently surveyed U.S. adults to get some insight into what people *think* is involved with buying a foreclosure. Here are the Top 10 Myths that came up, and the facts to set the record straight…
Filed under: Commentary, Credit, Current Events, Foreclosure, Mortgage, Real Estate Market, Short Sale, VRN | 1 Comment »
Posted on May 10th, 2010 by Carlo Capomazza
Nearly two years later lenders are much savvier about selling bank-owned properties, and their newfound know-how is grounded in the basics of supply and demand, which are both heavily impacted by foreclosures in the 2010 marketplace. Sales of properties in some stage of foreclosure accounted for one-third of all sales in the first three months of the year, according to Rea
Filed under: Commentary, Current Events, Foreclosure, Mortgage, Real Estate Market, Realtor, Short Sale, VRN | No Comments »
Posted on May 5th, 2010 by Carlo Capomazza
Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009. One in every 138 U.S. housing units received a foreclosure filing during the quarter.
Filed under: Foreclosure, Real Estate Market, VRN | No Comments »
