Author Archives: lilynyland

About lilynyland

Former Realtor at Coldwell Banker George Realty in Alhambra, California. Graduate Realtor Institute (GRI), Accredited Distress Property Specialist (ADPS), Short Sale & Foreclosure Resource (SFR).

Where Is Our Housing Market At Right Now?

According to Capital Economics, the U.S. is currently in recovery mode.  Other reports contend we have not reached the bottom yet.  However, the research firm points to increasing home sales and drop in excess supply, which leads to price gains, … Continue reading

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Protect Homeownership, Preserve the “American Dream”

Tax, legislative, and regulatory policies currently under consideration threatens to scale back or eliminate the mortgage interest deduction and make mortgages, as well as small business loans, unaffordable, and even more difficult to obtain.  This would greatly harm home owners, … Continue reading

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Loans Past Due And In Foreclosure At 4 Year Low

  According to a Mortgage Bankers Assn.’s delinquency report, home loans in foreclosure or at least one payment past due have gone down to the lowest level since 2008.  The quarterly study, released May 16, said 7.4% of all loans on … Continue reading

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121K Homeowners Request Independent Foreclosure Reviews

I mentioned in my January 18, 2012 blogpost that homeowners who had a mortgage loan on a primary residence and who believe were financially harmed during the mortgage foreclosure process by GMAC Mortgage, HSBC Finance Corporation, SunTrust Mortgage, or EMC … Continue reading

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The Shortcomings of the $25-Billion Foreclosure Settlement

There is a very good article in the Los Angeles Times on Wednesday, March 7, 2012, by Michael Hiltzik following-up on the $25-billion foreclosure settlement. Nearly one month after Washington unveiled the deal on Feb. 9, the specific terms of … Continue reading

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Hidden Guarantee Fee Set To Rise

According to an article written by Vickie Elmer and published on March 1, 2012 in the New York Times, the hidden guarantee fee of your home mortgage will rise in spring, and other increases will likely take place later this … Continue reading

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Help for Homeowners Community Events

Making Home Affordable (MHA) is an important part of the Obama Administration’s comprehensive plan to stabilize the U.S. housing market by helping struggling homeowners to get mortgage relief and avoid foreclosure.  MHA is an official program of the Departments of … Continue reading

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Mortgage Points Losing Favor

Paying points allows a borrower to “buy down” the interest rate on a mortgage by paying  an upfront fee.   Since interest rates are at or near record lows, many borrowers see no reason to pay points when buying or refinancing … Continue reading

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Minority Group Unveils $1.2 Billion Industry-Led Housing Fix

The National Association of Real Estate Brokers, Inc. (NAREB) announced the launch of a 25-city, $1.2 billion industry-led solution to the nation’s housing crisis called the Homeowner’s Assurance Program (HAP). NAREB was formed in 1947 by African American real estate … Continue reading

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Mello-Roos Fees Not Tax-Deductible

As the deadline for filing income taxes draw near, here is something  to take note.   Mary Ann Milbourn, in her column “Handling Hard Times” in the Orange County Register, posted this article on January 9, 2012, “State Targets Property-Tax … Continue reading

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