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Zombie Foreclosures – an Endless Nightmare 22 Feb 2013 | 10:07 am
Are you still liable for the house you lost through foreclosure? Are bills for water, sewer, HOA dues and property taxes accruing right now – in your name? Is the City preparing to sue you for letting...
Loan Modifications: The big promise / the even bigger disappointment 20 Feb 2013 | 02:19 pm
HAMP Loan Modifications are a prime example of promises broken. When HAMP was created in 2009, it was expected to help up to 4 million homeowners avoid foreclosure within the first several months. To ...
If you have a home to sell in San Diego, today’s market is good news. 20 Feb 2013 | 02:09 pm
Right now, the demand for homes in San Diego is strong, and correctly priced homes are selling quickly. Because the supply of homes for sale in San Diego is now only 43′%* of what it was a year ago, w...
Loan Modifications – The First Step Breaks Homeowners’ Hearts 20 Feb 2013 | 02:02 pm
Most homeowners who want to keep their homes have one thing in common: They’ll do almost anything to keep from missing a mortgage loan payment. They’ll do without things, sell their toys, go deeply in...
What About That Shadow Inventory? 20 Feb 2013 | 01:51 pm
Is it real? Should buyers wait to see if hundreds of bank-owned homes will suddenly cause a drop in home prices? Or is “shadow inventory” a term that the media has latched onto and won’t let go? Perha...
The Scales Have Tipped – San Diego Housing Inventory Down by 56% 20 Feb 2013 | 01:03 pm
Where did all those Home for Sale signs go? They’re disappearing quickly in San Diego County, leaving home buyers in a competitive situation that few anticipated. Regardless of what the national newsc...
Fannie Mae to Allow On-time Borrowers to Walk Away… Should You Sign a Deed-in-Lieu? 20 Feb 2013 | 12:47 pm
If you’re an underwater California homeowner, the answer is probably “No.” In California, you’re far better off to choose a short sale. Here’s the real story… At first glance, the Announcement that st...
Mortgage Debt Relief Act of 2007 Now Extended 3 Jan 2013 | 03:22 am
For the past several weeks, affluent but “underwater” homeowners have been anxiously awaiting news of an extension of the Mortgage Forgiveness Debt Relief Act of 2007. Without the extension, homeowne...
December 12 – and no action yet on extension of the Mortgage Forgiveness Debt Relief Act of 2007 13 Dec 2012 | 04:50 am
Will the Mortgage Forgiveness Debt Relief Act of 2007 be Extended? Right now, it’s anybody’s guess – but it doesn’t look like it will happen before Congress adjourns for Christmas. Of course they do h...
How Insolvency Can Help You Avoid an IRS Bill 28 Nov 2012 | 04:20 am
The idea of owing the IRS more money than you can afford to pay is enough to strike fear into any heart. And that’s what could happen if Congress allows the Mortgage Debt Relief Act of 2007 to expire ...
