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 [...]

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For years, the housing market has been locked in a deep freeze, as a combination of underwater mortgages, reluctant lenders, and a lack of political will have kept a huge mass of homes off the market and in limbo. But as banks are finally coming to the conclusion that it makes more sense to accept smaller [...]

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Our federal government has put a program in place to improve the short sale process and help homeowners avoid foreclosure.  If you live in your property, have a conventional loan and are behind in mortgage payments, you may be eligible for a HAFA short sale through your lender.  HAFA stands for Home Affordable Foreclosure Alternative [...]

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Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35,000 or more in cash to delinquent homeowners to sell their properties for less than they owe. Lenders have routinely delayed or blocked such transactions, known as short sales, in which they accept less from a buyer than the seller’s outstanding loan. [...]

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10927 Hamlin St North Hollywood, CA MLS #11-566959  - 2 Bedroom 1 Bath Call 800-399-9659 to schedule a showing! Click Photo for Virtual Tour!

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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

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 [...]

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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 [...]

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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 [...]

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