Sengdao Vongruksukdi's Blog

By
Real Estate Agent - Starlight Realty Certified REO & Short Sale Specialist

ARCHIVED BLOG POSTS

2011 

A new bill that would give servicers 45 days to respond to short sale requests was introduced in the in the U.S. House last week. If passed into law, the Prompt Decision for Qualification of Short Sale Act of 2011, would "require the lender or servicer of a home mortgage, upon a request by the ho...
04/20/2011
Zillow has just filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering.  During this "quiet period," we are now in, SEC rules do not allow me to elaborate beyond the information in the press release below. Thank you al...
04/19/2011
Oscar-winning actressPenelope Cruz's home in the Hollywood Hills neighborhood of Los Angeles is less ostentatious than your usual celebrity pad. The 3,334-square-foot house, which Cruz shares with husband Javier Bardem and new baby boy Leo Encinas Bardem, has been on the market over 90 days. Its ...
04/19/2011
In the latest installment of the Nicolas Cage real estate saga, the actor has unloaded one of his properties without heading into foreclosure. Although the 27-acre-estate recently sold for a tidy $6.2 million on the Middleton, RI real estate market, Cage purchased the property for a whopping $15....
04/19/2011
A class-action lawsuit filed against CitiMortgage Inc. in New Jersey indicates a legal glitch may be enough to prolong for many years to come foreclosure suspensions on loans that are or may become part of a class lawsuit elsewhere in the country. New Jersey homeowners who qualified for a trial H...
04/18/2011
Banks are dealing with the vicious circle of finding the right balance between lack of liquidity that makes necessary both the discharge of nonperforming assets from their books and investments that make foreclosure sales possible. If one of the biggest challenges in marketing REO properties is t...
04/18/2011
Owner-occupied, bank-owned properties, will continue to both open business opportunities and increase loss severity pressures on lender-servicers. Recent data show it will take about 49 months to clear around 8 million properties in or at risk of foreclosure including nonperforming assets that ar...
04/18/2011
As always, I balance my goals and so set them in all areas to maximize my growth as a person and as a professional. I have goals for health that include diet and exercise; goals for my career that include income and professional growth; goals for creative expression that include writing and photo...
04/18/2011
The Department of Housing and Urban Development has rescinded a controversial mortgagee letter for its Home Equity Conversion Mortgage program addressing some consumer and industry concerns, but a consumer watchdog group involved in a case contesting the letter said it is still keeping an eye on ...
04/17/2011
On Thursday afternoon Congress will hold a hearing on the 'qualified residential mortgage' test and what it means for the industry and the world at large. But if you think Congress or banking regulators will cut lenders any slack on the 20% downpayment measurement, you can forget about it. Since ...
04/17/2011
Rainer
358,400

Sengdao Vongruksukdi

Newport Beach Real Estate
local_phone(949) 650-4746
smartphone(949) 244-1597
Contact The Author