Tag Archives: Foreclosure

The Future of our Housing Market

The Mortgage Electronic Registration Systems (MERS) is an American privately held company that operates an electronic registry designed to track servicing rights and ownership of mortgage loans in the United States.  Never heard of MERS?  Read The New York Times’ … Continue reading

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Short Sale Lottery?

At first, the San Leandro woman, who had fallen behind on her condo payments, thought the letter was a scam. “You could sell your home, owe nothing more on your mortgage and get $20,000,” it proclaimed in large type. “I … Continue reading

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Feds and Banks Reached $25B Foreclosure Abuse Deal

The $25 billion settlement with the five biggest banks related to foreclosure abuses including “robo-signing” of documents is the largest multi-state settlement since the Tobacco Settlement in 1998, said the Department of Justice. California will receive a big chunk of … Continue reading

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President Obama’s Plan to Help Responsible Homeowners

In his State of the Union address, President Obama laid out a plan to help responsible borrowers and support a housing market recovery. Key aspects of the president’s plan include: Broad-based refinancing: The president’s plan will provide borrowers who are … Continue reading

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Independent Foreclosure Review Process

This is a brought to you by the California Association of Realtors: 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 … Continue reading

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Advantages of the HAFA Process

According to market research firm CoreLogic, nearly 11 million of properties nationwide had negative equity at the end of the second quarter of 2011.  Another 2.4 million homeowners had less than 5% equity.  As of November 2011, 30.2% of homes … Continue reading

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10 Reasons Why A Short Sale May Be Best For You

You are not alone.  30%-42% of all homes in the U.S. are upside down.  The amount of sale transactions that will be handled through short sales in the next five years is about 85% of all loans issued between 2005 … Continue reading

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