SHORT SALE AND FORECLOSURE BLOG

Brian Beutler writes that President Obama will likely have to make more recess appointments if he wants to staff key positions, including the newly-created vacancy at the Office of Management and Budget, as Jack Lew has become White House Chief of Staff. The assumption here is that Republicans will react to recess appointments at the CFPB and [...]

Tags: 360 REALTY, BARACK OBAMA, california, credit, DEMOCRATS, ED DEMARCO, FANNIE MAE, FHFA, foreclosure, FREDDIE MAC, HARP, HOUSING, los angeles real estate, RECESS APPOINTMENTS, REPURCHASES

Heavy tax burden looms for those attempting short sale   DEAR BENNY: We live in California and own a second home within five miles of our primary residence. This second home has been used as a rental, initially to persons we were not connected with in any way. For the past 10 years, two different [...]

Tags: 360 REALTY, credit, foreclosure, los angeles real estate, short sale experts, short sale questions, upside down home

  Many people say that 2012 will be the year of the short sale. There are lots of reasons that short sale sellers might be getting off the fence and selling their homes as short sales in the coming year. First off, the Mortgage Forgiveness Debt Relief Act of 2007 is set to come to [...]

Tags: 2012 Short Sale, 360 REALTY, foreclosure, los angeles real estate, Short Sale Q&A, short sales los angeles

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 [...]

Tags: Santa Monica Short Sale

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 [...]

A short sale will negatively affect your credit, but not nearly as much as a foreclosure or deed-in-lieu ~ read this entire article for details on each alternative. A short sale simply means that the amount of the mortgage balance owed is greater than the current market value of your home. Homeowners who are in [...]

Tags: 360 REALTY, credit, How Will A Short Sale Affect My Credit?, los angeles real estate, los angeles short sales, Short Sales