73% OF THE BLAME —> Florida & California Foreclosures
Some hard numbers have come out today from the Mortgage Banker’s Association that shed a LOT of light on the foreclosure data. All that we hear is how much foreclosures are rising and how truly bleak...
View ArticleCalifornia Foreclosures Impact, Displace Tenants in Large Volume
Tenants Together, a statewide organization for renters’ rights in California, recently estimated that over 200,000 tenants were displaced by foreclosure last year in California alone[1]. Tenants were...
View ArticleNumber of Homeowners With Negative Equity Dropping
While you might expect CoreLogic’s recent study on negative equity to indicate that the entire nation is underwater, in reality the number of homes that have negative equity is not only under 25...
View ArticleForeclosures on the West Coast Reach Pre-Robo-Signer Volumes
While the rates of foreclosure in many states in the east have slowed to a crawl as judges, courts, homeowners and lenders struggle to determine just how to handle the continuing fallout from the...
View ArticleCalifornia Senators Try Again to Block Foreclosures During Loan Mods
State senators Mark Leno (D-San Fransisco) and Darrell Steinberg (D-Sacramento) have once again introduced legislation in the California senate that would, if successful, help prevent foreclosures on...
View ArticleCalifornia Short Sale Rule Signed Into Law
In California, it is official: lenders who agree to short sales must accept the diminished payment as “payment in full for all loan balances.” This means that junior lien –holders cannot sue sellers...
View Article