Are you facing foreclosure? Has someone advised you to do a short sale in lieu of foreclosure? Well, be careful, there could be a lot of problems down the road for you if you took out an equity loan to pay off debts or buy goods such as a car, boat, furniture or other such [...]
The team from ABC’s heartwarming and popular reality series “they’re facing foreclosure . Dr. Brian Wofford, a widower and father of eight, explained the crisis, telling 10News: “A lot of people think when you get the house, you get the mortgage. Well, you don’t.” Wofford’s wife, Theresa, died in 2000, and the new home helped [...]
Outraged neighbors ratted on a Wells Fargo & Co. employee who threw lavish parties at a foreclosed home in pricey Malibu, Calif. The bank said Monday that the employee had been fired. The Los Angeles Times first reported earlier that 39 year old Cheronda Guyton, a Wells Fargo senior vice president responsible for foreclosed commercial [...]
With one in every 62 housing units receiving a foreclosure filing in August, Nevada continued to document the nation’s highest state foreclosure rate despite an 8 percent decrease in foreclosure activity from the previous month. A total of 17,902 Nevada properties received a foreclosure filing during the month, still an increase of 53 percent from [...]
After seeing some homes that have been foreclosed on, I think this is a great idea. Bait the homes so if thieves want to vandalize a home, they’ll get caught. The biggest problem seems to be that some owners of foreclosed homes are the guilty ones. They trash the place, taking dishwashers, stoves, microwaves, cabinets [...]
Statistics suggest some improvement in the housing market, but the good news for homeowners might be just a temporary setback for real estate investors searching for a good deal. Decreases in the number of foreclosure filings in each state and increases in prices in many of those same states seem to suggest good news, although [...]
Smart investors are continuing to take advantage of the present foreclosure market. I don’t have an exact figure of how many foreclosures there are in Nevada County, but I just had one of my investors open escrow on two foreclosed homes in Nevada County. With some existing home prices under $200,000 in the county, there [...]
The White House has asked mortgage executives to come up with the manpower to stop precarious loans from becoming foreclosures, but a New York Times story says finance experts say a lack of bodies isn’t the problem. It’s greed. Mortgage companies collect fees for appraisals, insurance, legal services and other administrative busywork when homes go [...]
It seems like no matter how much money some people make, some of them don’t seem to be able to manage their money. It’s not like a person who has worked hard all their life, suddenly loses their job and is forced to sell their home. But making millions of dollars and not preparing for [...]
As part of a consumer alert, Attorney General Jerry Brown’s office issued the following tips for homeowners to avoid becoming a victim: DON’T pay money to people who promise to work with your lender to modify your loan. It is unlawful for foreclosure consultants to collect money before (1) they give you a written contract [...]
