foreclosure | firsttuesday Journal

FHA delinquencies rising on pandemic forbearance arrangements

by Lily Hart | May 22, 2025 | Economics, Feature Articles, Mortgages, Real Estate | 0

What are the consequences of delinquency in pandemic-era forbearance arrangements?

Foreclosed out homeowners not to be contacted for 90 days regarding surplus funds

by Amy Platero | Feb 11, 2025 | Laws and Regulations, Mortgages, New Laws, Real Estate | 0

An owner entitled to surplus funds remaining from the foreclosure sale of their residence are chased by individuals attempting to make claim on the surplus funds. Now these surplus fund chasers are barred from contacting the owners for 90 days after the trustee’s deed is recorded to better protect California homeowners in a vulnerable position.

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 | 1

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.