Category Archives: Foreclosures

11 Million Homes Still Underwater

With all of the real estate gains in 2013, one in five homeowners currently still owe  more on their mortgage to the bank than their home is worth!

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2013 Real Estate Review Has Good News for 2014

As we approach the end of 2013, I’ve got nothing but good news to share about the outlook for the real estate market going into 2014 … It’s really [..]

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Mortgage Aid Made Easier in California

Mortgage aid in California was just made easier and many more homeowners could qualify under new broader criteria that just came out. Click to Read Article from Sacramento [..]

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FHA Reduces Foreclosure & Bankruptcy Guidelines

The FHA just moved to relax its guidelines and waived its waiting period for once-struggling homeowners to qualify for a new FHA loan. Click for Additional FHA loan information [..]

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More Foreclosure Settlement Checks Coming

Another round of payments to borrowers who lost their homes to foreclosure is going out this week from the National Foreclosure Settlement For Additional Information – http://www.nationalmortgagesettlement.com/  

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96,000 Borrowers Shortchanged In Mortgage Settlement

Checks Are In the Mail But Incorrect Foreclosure Payments Were Sent Out… Find Out What’s Going On >    

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Top 10 Short Sale Myths

  To Help Make an Informed Decision About Your Home When Facing Foreclosure – Here Are the Top 10 Myths About Short Sales….. Don’t Believe Them!!

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Borrowers Screwed by Foreclosure Settlement

[kaltura-widget uiconfid=”535″ entryid=”0_7v70psuo” width=”400″ height=”330″ addpermission=”” editpermission=”” /] Checks are being mailed out but… Borrowers get Screwed with the Foreclosure Settlement Click to see Foreclosure settlement payout schedule Banks [..]

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Foreclosure Settlement Money Coming in April

Foreclosure Settlement Money Coming in April Additional information: http://www.federalreserve.gov/newsevents/press/bcreg/20130107a.htm  

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Banks Reach $8.5B Foreclosure Settlement

Banks Reach $8.5Billion Foreclosure Settlement with the Feds Additional Information: http://www.federalreserve.gov/newsevents/press/bcreg/20130107a.htm Frank Verni: http://frankvernirealtor.com

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Banks Reach $8.5B Foreclosure Settlement

[kaltura-widget uiconfid=”535″ entryid=”0_7gz0r0bh” width=”400″ height=”330″ addpermission=”” editpermission=”” /] Banks Reach $8.5B Foreclosure Settlement with the Feds Click Here for Additional Information

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NO Principal Reduction for Fannie Mae & Freddie Mac Loans

Fannie Mae and Freddie Mac Loans Will NOT be Allowed to do Principal Reduction for Loan Modifications under the Home Affordable Modification Program (HAMP). Click Here to Read More

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Advantages of a Short Sale vs. Foreclosure

Short Sale vs. Foreclosure – Who Wins? Click here and check out this video for the answers  

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CA Lawmakers Approve Homeowner Rights Bill

California lawmakers approved legislation Monday hailed as the nation’s most comprehensive push to strengthen homeowner rights since the housing meltdown, acting despite opposition from the banking and finance [..]

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Bills to Help Homeowners Facing Foreclosure Advance in CA Legislature

Legislation aimed at protecting California homeowners facing foreclosures cleared a key hurdle Wednesday, winning approval in a joint committee created to hammer out the details of the proposal. [..]

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Foreclosures & Home Inventories in Region Continue to Decline

Foreclosure and mortgage delinquency rates in the 4 county Sacramento region (Sacramento, El Dorado, Placer, Yolo) decreased for the month of April over the same period last year causing [..]

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Shadow Inventory: 45 Months to Clear Distressed Housing Supply

It will take at least 45 months to clear the market’s supply of distressed homes, or the shadow inventory, according to estimates from Standard & Poor’s Rating Services [..]

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Sacramento Homeowners Are Really Underwater

Homeowners in the Sacramento metropolitan area are underwater by $20.7 Billion. This is according to a national study conducted by Zillow, a Seattle based real estate data company. [..]

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Delinquencies Rise for First Time in 9 Months

The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 7.12 percent. Lender Processing Services Inc. (LPS) has reported the [..]

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B of A to Pay Homeowners Up To $30K For Short Sales

Bank of America launched a new short sale program that could pay distressed homeowners between $2,500 and $30,000 in relocation assistance. This is good news for homeowners that [..]

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