SHORT SALE AND FORECLOSURE BLOG

For Sale: 7BR/6BA Multi-FSanta Monica in Santa Monica, CA, $1,295,000

1044 Grant St.   Santa Monica, CA 90405
Just Listed $1,295,000 - SHORT SALE!
Triplex 3,754 Sq. Ft - Recently Updated
Great Investment or Owner-Occupied Opportunity! Private, Beautifully updated, modern retreat in the Sunset Park area of Santa Monica. This Custom designed, 2 story triplex features ebony stained hardwood [...]

Tags: Santa Monica Short Sale

By Lauren Beale
Comic actor Rob Schneider has listed his French Normandy-style manor home in San Marino for $3.6 million.
Built in 1926 by architect Everett P. Babcock as his personal residence, the two-story house retains much of its original character. The entry opens to a foyer and a tower staircase with Batchelder tile risers. Features include [...]

Tags: 360 Realty Listings, 360 Realty Short Sales, Emmanuel Xuereb, los angeles real estate, los angeles short sales, San Marino Short Sales

Foreclosures fell month-over-month but are still up nearly 20% compared with a year ago. Plus, Las Vegas wasn’t the worst-hit city in November.
By Les Christie, CNNMoney.com
Last Updated: December 10, 2009: 7:18 AM ET

NEW YORK (CNNMoney.com) — Foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market.
There [...]

A rising number of Californians are finding themselves in financial limbo, having defaulted on their mortgages but still living in their homes, a new report has found.
The report by Foreclosureradar.com (registration required) found that while the number of properties scheduled for foreclosure sale increased last month, lenders continue to postpone the sales rather than foreclose.
After [...]

Tags: 360 REALTY, Add new tag, anti deficiency, BUYER RESOURCES, Countrywide Short Sale Approval, facing foreclosure, foreclosure, Foreclosure options, Late on mortgage payments, los angeles real estate, mortgage difficulties, Need to sell, Short Sale Q&A, solutions to foreclosure

NEW YORK (CNNMoney.com) — President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday.
The $8,000 credit was scheduled to lapse on Dec. 1 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30 and close by June 30. The income limits [...]

Tags: 360 REALTY, bank of america short sale package, bank of america short sales, countrywide short sales, credit, first time homebuyers agent, first time homebuyers credit, first time homebuyers los angeles, gmac short sales, los angeles real estate, preforeclosure, real estate los angeles, Short Sales Help, short sales los angeles

Secretaries Geithner, Donovan Announce new Details of
Making Home Affordable Program, Highlight
Implementation Progress

Just Over Two Months after Release of Program Guidelines,
Homeowners Realizing Relief under Administration Plan
Join Secretaries to Share Personal Stories 
To view the Program Update Fact Sheet: Foreclosure Alternatives and Home Price Decline Protection Incentives, please visit link.
To view the Making Home Affordable Progress Report Fact [...]

Tags: 360 REALTY, countrywide short sales, los angeles real estate, los angeles short sales, Secretaries Geithner

What is a real estate short sale?
 
A little-known alternative, once more commonly used in the real estate downturn of the early ’90s, is the “short sale,” which works like this: A homeowner falls behind on his or her mortgage payments, usually due to a job loss, rising debt payments, or both. Facing a situation in [...]

Tags: 360 REALTY, bank of america short sales, countrywide short sales, los angeles real estate, los angeles short sales, Short Sale Q&A, wells fargo short sales

Once Countrywide has received a copy of a signed purchase agreement, they will need about 2 days to receive the faxed documents and review.  They will follow up with a confirmation of the receipt of the purchase agreement.  If the offer is viable, the interior appraisal will be ordered.  Within 3 days after the appraiser [...]

Tags: 360 REALTY, bank of america short sales, Countrywide Short Sale Approval, countrywide short sales, los angeles real estate, los angeles real estate agent, los angeles short sales, wells fargo short sales

Until this year, there were definite tax consequences from escaping foreclosure through a short sale. Avoiding foreclosure has always been the best thing to do since it prevents a black mark on your credit report that might keep you from being approved for future loans. Most financial experts will tell you that even today, keeping a foreclosure [...]

Tags: 360 REALTY, bank of america short sales, countrywide short sales, los angeles real estate, los angeles short sales, Tax Aspects Of A Short Sale, wells fargo short sales

Homeowners facing foreclosure often have the option of selecting a short sale or a deed-in-lieu of foreclosure as a possible solution to their financial difficulties. But are they? Which is the best choice? Like most alternatives, both have their upsides and their downsides. Understanding these options is the only way to make a truly informed [...]

Tags: 360 REALTY, bank of america short sales, countrywide short sales, los angeles real estate, los angeles short sales, Short Sale vs. Deed-in-Lieu: What’s Your Best Choice?, wells fargo short sales