Sengdao Vongruksukdi's Blog

Newport Beach, CA - Housing Markets that experienced the greatest inflation in house prices - including certain metro areas in sand states California, Florida, Arizona and Nevada - will not see a return of peak-level home prices before 2025, according to financial services technology provider Fis...

Newport Beach, CA - Mortgage-backed securities holders are pushing for a resolution of a 50-state probe of foreclosure practices, attorneys general in Iowa and Arizona said as talks with lenders and servicers expand to include investors. "The mortgage backed securities are worth pennies on the do...

Newport Beach, CA -The National Association of Realtors (NAR) issued a notice this week explaining Wells Fargo's new rules surrounding short sale transactions when a foreclosure is pending. Earlier this month, Wells Fargo advised NAR that it has modified its existing guidelines to allow the postp...

Newport Beach, CA - The National Association of Realtors has revealed an upward trend in the short sales market of foreclosed properties for the first six months of 2010.  The Association recorded an average of 2.3% increase nationwide.  Although the increase is much lower in many parts of the co...

Newport Beach, CA - If you are still wondering why real estate investors exert much effort into finding the best foreclosure listings, then you should know that they are just about the most powerful tools that one can have in order to succeed in foreclosure investing. Without them, a buyer or an ...

Newport Beach, CA - Last month's rate of foreclosures dropped below 300,000 for the first time since February 2009. This should be the news we've been waiting for, but it is just a temporary pull-back, driven by the Fed and FDIC's probe into many banks' rob0-signer foreclosure process. The Fed's ...

Default Market Update (highlights) * Est. 7 million homeowners in default (FYI, that is a lot)* Wells (portfolio loans) and Wachovia not postponing foreclosure...EVER!* Fannie Mae's HAFA disqualifies homeowners that are within 60 days of foreclosure* The mortgage default process is being streamli...

NEW YORK (CNNMoney.com) -- Now that Congress has passed the Tax Hike Prevention Act of 2010, it will be sent to President Obama for his signature. And taxpayers will have some certainty about their tax situation, if only for the next 24 months. The bill contains a bevy of tax breaks -- new and ex...

Want to know the scoop in the short sale space?  Here it is.  As per an article released by REO Insider magazine last week, Matt Vernon announced a new Bank of America co-op short sale test program.  The program will include roughly 2,000 homes with BofA serviced loans with one specific loan inve...

Can it be?  Bank of America has a new approval letter?  Actually, it is only a change in verbiage.  But, this change is monumental and noteworthy.  In the past, BofA  reserved their right to pursue the borrower/s for the deficiency when applicable.  That language scared off many homeowners and re...