JPMorgan Chase, Bank of America, and Wells Fargo are among lenders who are now paying underwater homeowners to do short sales according to a USA Today Report today: “It’s a lot cheaper to shell out $10,000 or $20,000 to someone than it is to go through a long foreclosure,” says Jim Gillespie, chief executive of [...]
Feb
19
2012
19
2012
Feb
19
2012
19
2012
Foreclosure Filings Down during 4th Quarter 2011
By Scot Campbell– Source: Dataquick article dated 1/24/2012 According to Dataquick, the number of homes in Orange County going into foreclosure during the 4th Quarter of 2011 was down 2.1% compared to last year. Statewide, the number of homes going into foreclosure dropped in the fourth quarter of 2011 to the second-lowest level in more [...]
Jul
19
2011
19
2011
No Deficiency Judgements in CA after short sale
SB 458 brings closure and certainty to the short sale process and ensures that once a lender has agreed to accept a short sale payment on a property, all lienholders – those in first position and in junior positions – will consider the outstanding balance as paid in full…” For Details click on the title above.