foreclosure | firsttuesday Journal

Negative equity and foreclosure

by David Swistock | Mar 27, 2024 | Economics, Feature Articles, Mortgages, Real Estate, Recessions | 0

When does strategic default make sense for a negative equity homeowner?

Mortgage delinquencies inch higher, equity shields homeowners — for now

by Carrie B. Reyes | Dec 19, 2023 | Economics, Finance, Real Estate, Recessions | 0

Even as mortgage delinquencies rise, high levels of equity continue to shield homeowners from foreclosure.

Form-of-the-Week: Deed of Trust & Assignment of Rents, and All-Inclusive Trust Deed Addendums — Forms 450, 442 and 443

by Amy Platero | Dec 14, 2023 | Finance, Forms, Loan Products, Mortgages, Real Estate | 0

An agent or escrow officer uses these forms when a seller of property carries back an all-inclusive note and trust deed (AITD) evidencing a principal debt which includes the balance owed on an existing mortgage and a payoff demand.

Is a private mortgage lender entitled to receive usurious interest on a non-brokered extension to a mortgage initially arranged by a broker?

by David Swistock | Oct 4, 2023 | Interest Rates, Laws and Regulations, Loan Products, Mortgages, Real Estate, Recent Case Decisions | 0

In re Moon

Form-of-the-Week: Notice of Trustee’s Sale & Summary of Key Information and Notice of Sale — Forms 474-2 and 474-1

by Amy Platero | Jul 7, 2023 | Finance, Forms, Mortgages, Real Estate | 0

A trustee uses RPI Forms 474-2 and 474-1 when posting a Notice of Trustee’s Sale (NOTS) on a residential property.

Unlicensed finance company president found guilty of operating mortgage fraud scheme

by Amy Platero | May 25, 2023 | Mortgages, Real Estate, Recessions | 0

The president of a mortgage foreclosure consultant company was convicted of 100 felony counts for operating a mortgage fraud scheme in California.

FHA lengthens amortization of delinquent mortgages to 40 years

by ft Editorial Staff | May 19, 2023 | Finance, Mortgages, Real Estate | 0

The Federal Housing Administration (FHA) is keeping their mortgaged homeowners who are delinquent in payments on the books.

Mortgage Concepts: Trustee’s Sale: Sold to the Highest Bidder

by ft Editorial Staff | May 17, 2023 | Feature Articles, Loan Products, Mortgages, Video | 1

This video explains the procedures followed for a trustee’s sale in California.

Bankruptcy’s tie to homeownership

by ft Editorial Staff | May 3, 2023 | Charts, Economics, Forecasts, Laws and Regulations, Market Watch, Recessions | 4

Bankruptcy numbers were artificially low in 2020-2021. Prepare for today’s zombie businesses to fold with the 2023 recession.

California’s population is shortchanged on financial literacy

by ft Editorial Staff | Mar 27, 2023 | Finance, Fundamentals, Licensing and Education, Real Estate | 0

What buyers don’t know when boom times become recessions can’t hurt them, right? Wrong!

National mortgage balances increased by $1 trillion in 2022

by Amy Platero | Mar 24, 2023 | Finance, Mortgages, Real Estate, Recessions | 1

During the fourth quarter of 2022, total national mortgage debt increased by $254 billion, contributing to a $1 trillion increase in mortgage balances in 2022.