Foreclosure Settlement Checks Bounce 19 Apr 2013 | 12:25 am

A bunch of big banks agreed to a $3.6 billion legal settlement a few months ago to halt a review of improper foreclosures. Under the settlement, checks will be sent to more than 4 million homeowners w...

Why Do Short Sales Take So Long? 17 Apr 2013 | 12:00 am

Despite improving real estate markets, short sales and foreclosure sales will be with us for the foreseeable future. Many homeowners are still underwater, and at any time in the coming years, these fo...

Short Sale Infographic 9 Apr 2013 | 09:41 pm

Negotiating two lenders on a short sale 20 Mar 2013 | 01:19 am

Q. Have you found that some second lenders are still holding your short sales hostage by not settling for the amount the first lender is willing to pay them? I recently worked on a file where the firs...

Chase VP wants short sales closed in 30 days or less 16 Mar 2013 | 12:00 am

During a HousingWire webinar called “Short Sale Process with Chase Bank,” vice president of short sales Bill Carr declared the lender is looking to close short sales in less than 30 days. “We are doin...

5 mythbusters for underwater homeowners 11 Mar 2013 | 06:32 am

Myth: The new California Homeowner Bill of Rights keeps a lender from foreclosing on a home regardless of whether the borrower is pursuing a loan modification or a short sale. Reality: The Homeowner B...

5 Tips to Buying the Perfect Home 8 Mar 2013 | 11:18 pm

The San Diego real estate market is quickly gaining momentum. To secure the home of your dreams at the best possible price and with ideal terms, consider the following buyer’s tips. Get your paperwork...

Is Fannie Mae overpricing homes throughout California? 5 Mar 2013 | 12:32 am

Is mortgage titan Fannie Mae overpricing homes throughout California? Real estate agents and sellers have raised that question in a growing number of deals that have fallen apart with the taxpayer-sup...

How do you know if you will be approved for a short sale? 22 Feb 2013 | 11:39 pm

Q. How do I know that I’ll be approved for a short sale and is it that much better than a foreclosure? A. Thank you for writing in. The first part of your question is something that I still get asked,...

Top 5 Reasons to Consider a Short Sale 20 Feb 2013 | 11:15 pm

For California home owners who owe more on their home than the home is currently worth, a short sale is an effective procedure to sell the home and have the deficiency (the remaining debt) wiped-out. ...