Archive for June, 2010

Freddie & Fannie Cough Up HAFA

admin
Jun 14 |20:57

Not known for speed, Freddie Mac and Fannie Mae finally released their versions of HAFA (Home Affordable Foreclosure Alternatives) last week.

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Bank of America Not Making the Cut

admin
Jun 10 |20:55

I just finished reading an article about Bank of America offering a “special” plan to partially forgive debts of underwater homeowners.  Why are they doing this?  Because they messed up.

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Supply More Than Demand: Means Short Sale

admin
Jun 8 |14:41

It’s official.  Foreclosures have lost their luster at the same time that the banks are going to unload piles of them onto the market.

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7m Distressed Loans!

admin
Jun 8 |14:25

According to latest data from LPS [Lender Processing Services] the total number of distressed loans in just floating out there is over 7 MILLION.  So, everyone celebrating piece meal reports about delinquency decreases, increased pending home sales, and foreclosure inventories…hold your horses. Stabilization is not here yet.

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Foreclosure Timeline In California

admin
Jun 7 |17:43

Many homeowners are unclear regarding the foreclosure process in California.  Here is the non-judicial foreclosure process in California at present time:

The following time-line applies to non-judicial California Foreclosures under a Deed of Trust. (non-judicial foreclosure is used far more commonly in California than a Judicial Foreclosure and California is a “one-action” state)

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