Posted on February 14th, 2012, by LAURA KEY
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 [...]
Tags: 360 REALTY, Agents, Bank of America, FANNIE MAE, foreclosure, FREDDIE MAC, homeowners, housing bust, Incentives, JPMorgan, JPMorgan Chase, los angeles real estate, los angeles short sales, real estate, real estate experts, Short Sale Incentives, Short Sales, short sales los angeles, Wells Fargo
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Posted on February 7th, 2012, by LAURA KEY
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. [...]
Tags: 360 REALTY, Agents, Chase, Citigroup, foreclosure, JPMorgan, los angeles real estate, los angeles short sales, real estate, short sale experts, Short Sale Incentive, Short Sales, short sales los angeles, Wells Fargo
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Posted on January 27th, 2012, by LAURA KEY
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
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Posted on January 19th, 2012, by LAURA KEY
(MoneyWatch) COMMENTARY The holidays are over, the decorations have been taken down and New Year’s Eve has come and gone. We’re onto a new chapter of the real estate story, and everyone is hoping it’s better than the last one. There were some positive signs last year, but overall the market remained oversaturated and underperforming. [...]
Tags: 360 REALTY, Agents, Bank of America, california, California Short Sales, Countrywide, Federal Trade Commission, los angeles short sales, mortgage, Wells Fargo
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