SHORT SALE AND FORECLOSURE BLOG

The foreclosure law of the state in which the property is located controls how the foreclosure process is completed. Every state’s foreclosure statute delineates the various time periods for each step involved in the entire foreclosure process from start to finish. So, the statute can be seen as a roadmap of sorts, assisting homeowners interested [...]

Tags: 360 REALTY, Agents, avoid, California Foreclosure, FANNIE MAE, foreclosure, FREDDIE MAC, homeowner, los angeles real estate, short sale expert

Today, the Administration announced important enhancements to the Making Home Affordable Program, including the Home Affordable Modification Program (HAMP), to expand the reach of the program to help additional homeowners stay in their homes and strengthen hard-hit communities. These enhancements will provide additional relief to struggling homeowners, renters, and their neighborhoods to accelerate the housing [...]

Tags: 360 REALTY, Agents, FANNIE MAE, foreclosure, FREDDIE MAC, HAMP, los angeles real estate, los angeles short sales, real estate, short sale expert

The Obama administration on Friday announced it would significantly broaden the pool of consumers eligible for mortgage modifications by opening its program to owners of rental properties and homeowners burdened by medical  and credit card bills and second mortgages. Under an expansion of the Home Affordable Modification Program, investors can seek mortgage loan modifications for rental properties, [...]

Tags: 360 REALTY, Agents, FANNIE MAE, foreclosure, FREDDIE MAC, HAMP, Home Affordable Modification Program, Mortgage Modification, real estate experts, real estate los angeles, short sale experts

RVINE, CA, Jan 26, 2012 (MARKETWIRE via COMTEX) — RealtyTrac(R) ( www.realtytrac.com ), the leading online marketplace for foreclosures, today released its Q3 2011 U.S. Foreclosure Sales Report(TM), which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 20 percent of all U.S. residential sales in the [...]

Tags: 360 REALTY, Agents, bank owned, buyers, foreclosure, investors, los angeles real estate, pre-foreclossure, property, REO, short sale expert, Short Sales

Do educate yourself. This is THE most important thing you can do.  Short sales can be complicated. You need every bit of information you can get when you jump into the short sale process. Don’t wait until it’s too late. If you drag your feet and hide from the fact that you’ve stopped making mortgage payments, it will [...]

Tags: 360 REALTY, Agents, FANNIE MAE, foreclosure, FREDDIE MAC, los angeles real estate, los angeles short sales, short sale expert, Short Sale Q&A

This is not news, but it IS critical for any Seller thinking about listing their home as a Short Sale in California in 2012. Remember the MOST critical thing..the Debt Forgiveness Act expires on 12/31/2012. Will it be extended? Most likely. However..do you want to take that chance? Read on for a recap of our [...]

Tags: 360 REALTY, 580e, Agents, anti deficiency, anti-deficiency law, FANNIE MAE, foreclosure, FREDDIE MAC, homeowner, HOW TO SHORT SALE, Short Sale Q&A, short sale questions, Short Sales, Tax Aspects Of A Short Sale

The housing collapse has dramatically changed the nation’s foreclosure landscape. Neighborhoods boasting modern homes, cul-de-sacs and tree-lined streets in and around Western cities now dominate the list of the top 100 U.S. zip codes hit hardest by foreclosures and claim and comprise all of the top 10 spots, according to data generated for CNNMoney by [...]

Tags: 360 REALTY, Agents, foreclosure, Lancaster, los angeles real estate, real estate experts, San Bernardino

Monthly sales of new and existing homes in California surged in December while home prices remained steady even though distressed properties accounted for over half of all existing home sales during the month according to real estate information provider DataQuick. An estimated total of 37,734 new and existing homes and condos were sold in the [...]

Tags: 360 REALTY, Agents, california, condos, DataQuick, distressed properties, FANNIE MAE, foreclosure, FREDDIE MAC, median home prices, new and re-sale homes, sales, Short Sales, typical mortgage payment

For over a year now, state attorneys general have been negotiating some kind of settlement deal with the nations four largest lenders, as well as several smaller ones. The settlement pertains to faulty foreclosure processing, first uncovered in October of 2010 and now commonly referred to as “Robo-signing.” Rather than dozens of lawsuits, the states [...]

Tags: 360 REALTY, Agents, california, foreclosure, los angeles real estate, Politics, property, real estate, real estate los angeles, Short Sales

As government, federal regulators and big-money private investors try to figure out a plan for bulk sales of foreclosed properties, big banks are already making deals, but they are few and far between. The trouble is, they are looking at even bigger write-downs than forecast if they sell these distressed properties in bulk. “One of the [...]

Tags: 360 REALTY, california, foreclosure, FREDDIE MAC, los angeles real estate, real estate los angeles