The bank forecloses on your home and then files a lawsuit against you. How is this possible? I was reading in RISMEDIA on June 8, 2010, about a home seller who has sold his home in a short sale. He sold it for approximately $200,000.00 less than the first and second mortgage he owed on the property. The Mortgage lender has agreed not to...
Le Belvedere Sold! How exiting, this home was built for spec. The owner’s intention was to build and make a profit. Originally this property was listed for $85,000,000.00 February 2009, then due to lack of activity reduced to $72,000,000.00 and now it has an owner. Many people are just amazed at the stratospheric prices (and they should). This market is not affected by the...
Marina Del Rey Condominium Market Report May 2010 There are some interesting developments in the Marina Del Rey, CA Condominium activities. First there are 155 Active listings for the period of May 1st, 2010 to May 31st, 2010 this is about an 8.6 per cent increase of the inventory from the previous month. Indicating that there will be a be a large selection for...
Changes are coming to FHA loans (Federal Housing Administration Loans).Let me ask you: Do you think it would be wise for Home buyers to use the FHA loans? Congress is expected to approve House Resolution 5072 or better known as the FHA Reform Act of 2010. Many lenders of the mortgage finance industry are concerned that HR 5072 part of the provision of this...
What were you doing at 2:17am this morning? I had a tremendous head ache after the Lakers-Celtics game and I was lying in bed awake. I am one of those armchair coaches who amerces himself totally into the game, and boy this was a stressful game. Next thing I know is, the bad shaking, it was a small earthquake. According to the US Geological...
