SHORT SALE AND FORECLOSURE BLOG

The dynamics of the residential real estate collapse are very different in elite neighborhoods The careworn house not far from Santa Monica Boulevard resembles millions of other homes that have been foreclosed on since the calamitous U.S. housing crash four years ago. Garbage spews from trash bags behind the property. A smashed television leans against [...]

Tags: 360 REALTY, Beverly Hills, california, Celebrity, foreclosure, foreclosures, hollywood, los angeles real estate, los angeles short sales, Luxury Short Sale, real estate, real estate experts, real estate los angeles, Short Sale Beverly Hills, short sale expert, Short Sales, short sales los angeles

They say celebrities are just like us, except richer, better looking and skinnier.  Perhaps. What is indisputable, however, is that they are not spared from suffering through falling property values and other economic hardships so many Middle Americans are suffering through today.  Many of these athletes or celebrities bought when they received their big paychecks, [...]

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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

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

Calling it “inadequate for California,” the state is rejecting the latest settlement proposal between states and major U.S. banks over lending abuses that fueled the foreclosure crisis. California Attorney General Kamala Harris pulled out of nationwide talks with the banks in October, saying the proposed $25 billion deal gave too much immunity to lenders and didn’t provide [...]

Tags: 360 REALTY, Agents, Bank of America, California Attorney General, Chase, delinquent homeowners, Foreclosure Settlement, JPMorgan, Loan Modifications, mortgages, real estate los angeles, Sale, short sale expert, Wells Fargo

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

During the last 3 years, around 650,000 property owners in California have lost their houses to foreclosure. As it stands today, nearly 30 percent of property owners owe more than their property is worth. To avoid repossessions, many of them are choosing to sell their houses for less than the amount they owe, creating a [...]

Tags: 360 REALTY, Agents, Business Finance, HAFA short sale, real estate experts, short sale expert, short sale experts, short sale homes in California, short sale specialist, Short Sales

Foreclosure Alternatives One of the biggest mistakes some people make at this point is being too attached to their property. This will cause heartache, heart attacks, and a huge amount of stress. Let me start off by sharing a true story of a very good friend of mine, Roman. Roman was too proud to tell [...]

Tags: 360 REALTY, Agents, credit, foreclosure, foreclosures, los angeles real estate, real estate experts, short sale expert, Short Sale Q&A, SoCal, Southern California Real Estate, Tax Aspects Of A Short Sale

MSNBC reports that the recent increase in short sales may be the relief that the housing market needs during its slow recovery. The number of short sales has increased by 26,000 this year following a jump in the number of foreclosures and short sales in 2010. According to the source, short sales may also be [...]

Tags: 360 REALTY, foreclosure, los angeles real estate, los angeles short sales, real estate, real estate experts, short sale expert