HSBC halted all foreclosure actions in the United States after federal regulators found "deficiencies" in its paperwork, according to a report on DS News. The Federal Reserve and the Office of the Comptroller of Currency served cease-and-desist orders on the European bank, detailing problems with
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03/02/2011
After several years, the nation’s largest banks have finally ramped up operations to handle the “New Normal,” streamlining the short sale process for millions of Americans. Just in time for the next wave of loan defaults. The Big 4 – Bank of America, Wells Fargo, Chase and CitiMortgage – have all
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02/26/2011
OUR LATEST ARTICLE APPEARED IN THE FEB. 20, 2011, EDITION OF THE RIVERSIDE, CALIF., PRESS-ENTERPRISE After a brief lull in activity, banks got right back into the foreclosure frenzy in 2011. Lenders took back 78,133 U.S. properties in January, up 12 percent from the previous month but down 11 pe
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02/20/2011
Dream Big Real Estate is looking for someone to help us with our short sale processing and negotiation. Great training! (We are 100% successful in the past year -- no client properties lost to foreclosure) Awesome compensation! (We're not greedy. We value people who contribute) Flexible hours! (W
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02/16/2011
The Federal Housing Administration announced this week it will bump the annual mortgage insurance premium by a quarter-point on all 30- and 15-year loans, taking the model from the Obama Administration's housing finance reform proposal, according to a report from DSNews. The higher fee kicks in f
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02/16/2011
Here's a fantastic property that is perfect for a cash investor. The price is $49,900, and the market rent is $1,000! It's close to freeway access and shopping, and the community has a gate and common-area pool.
02/15/2011
OUR LATEST ARTICLE APPEARED IN THE FEB. 13, 2011, PRESS-ENTERPRISE For homeowners behind on their mortgages, conventional wisdom today says it’s all about the dollars. In reality, the best solutions focus on what makes sense. But all too often, when it comes to making sound decisions about a hom
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02/13/2011
After seeing slight increases in 2010 fueled by the federal tax credit, home prices dropped back again at the end of the year, according to online real estate tracker Zillow. And more homes went underwater as banks put temporary freezes on foreclosures to deal with the robo-signing debacle. Homes
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02/12/2011
Anyone who has ever stood toe to toe with a low-level debt collector at any of the nation's besieged banks has one thing in common: They've been lied to. A recent California appeals court decision could have an impact on that devious practice. In Aceves vs. U.S. Bank, the bank allegedly promised
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02/10/2011
OUR LATEST ARTICLE, WHICH APPEAREDIN THE FEB. 5, 2011, RIVERSIDE PRESS-ENTERPRISE It’s not the end of the world as you know it. Distressed homeowners who have missed mortgage payments or are on the verge of delinquency will be able to re-enter the housing market, perhaps sooner than they think.
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02/05/2011
