Sengdao Vongruksukdi's Blog

The California Association of Realtors has release yet another warning about the use of Short Sale Negotiators.  Not that they are illegal, just that they need to be licensed by the Department Of Real Estate.  Many Real Estate Agents use Short Sale Negotiators such as the SCV Short Sale Center, b...

Newport Beach, CA -A movement that promotes the restructuring of Government sponsored enterprises (GSE's) Fannie Mae and Freddie Mac as co-operatives is gaining momentum in certain circles that make up the National Cooperative Business Association (NCBA).  This cohesive force could help further p...

Newport Beach, CA -An ingenious plan was hatched and spearheaded today by a company called Home Lease Exchange LLC (HLE) to offer distressed homeowners a novel way to fight off foreclosures and to force lenders to modify their mortgages. Through the website ForceYourLenderToModify.com, HLE urges ...

Newport Beach, CA -America's largest mortgage bank, Bank of America (BoA), today dominates real-estate news with a New York Post report that it is holding a huge sale of its $1 billion -portfolio of delinquent home loans.  Last Friday, the bank also cornered the news with an announcement in the W...

Newport Beach, CA -Amidst all the disheartening news concerning rising foreclosures and banks resetting foreclosure actions in motion, a story about a lender with a heart has surfaced.  In North Carolina, the giant State Employees Credit Union (SECU) has shown that not all lenders are villains th...

Newport Beach, CA -What might be perceived as good news for distressed homeowners is that the length of time for the foreclosure process to be completed is getting longer and longer.  Particularly in New York where the process takes longer than in any other state and according to the Wall Street ...

You might call it, "Walking away from your home, for dummies." Brent White, the University of Arizona law professor urging more underwater homeowners to consider walking away from their homes, has published a 168-page book to help borrowers who are wrestling with that decision. In a tone that is...

Newport Beach, CA -Major lending bank, Bank of America (BoA), is again in the news.  This time it has been paired with the hedge fund firm, Fortress Investment Group, as the two firms that have identified a new way to profit from foreclosures - by collecting the tax debts of the multitude of peop...

Newport Beach, CA -Freddie Mac's weekly survey of mortgage rates has shown that as of Dec. 9, rates for 30-year and 15-year terms have not stopped rising since last month.  The latest figures indicate an increase of 4.61% from 4.46% on Dec. 2 for a 30-year fixed-rate mortgage.  The rate for a 15-...

What is a Principal Reduction Program (PRP)? **THIS IS NOT A LOAN MODIFICATION OR A FORECLOSURE PREVENTION SERVICE** Principal Reduction Program (Often referred to as "PRP" or "Principal Reduction Loan") is a program designed to help people who owe more than their house is worth. It's a "Propert...