Rising 90+ day mortgage delinquencies are the foreclosure shadow inventory
The longer the shadow grows, the greater the tidal wave of foreclosures to come.
Read More
Tag: foreclosure
Foreclosure moratorium extended by FHA, Fannie Mae, Freddie Mac
HUD and the FHFA have announced an extension of the foreclosure moratorium for single family homes through the end of 2020.
Read More
Does a trust deed holder owe a duty to a title insurance company who relies on a forged trustee’s deed?
WFG National Title Insurance Company v. Wells Fargo Bank, N.A.
Read More
Will expiring CARES Act protections trigger a foreclosure wave?
Without legislation, the foreclosure moratorium will dam up the foreclosure inventory, to be released once the moratorium is lifted and the floodgates are opened.
Read More
If an investor at a trustee’s sale mistakenly places a winning bid on a second trust deed believing it to be the first, may they later rescind the sale?
Matthew Matson v. S.B.S. Trust Deed Network
Read More
Bankruptcy’s tie to homeownership
Does filing bankruptcy actually benefit homeowners seeking to avoid foreclosure?
Read More
Are we heading toward a foreclosure crisis in 2020?
We are in the middle of a unique, global economic moment and the end result is still out of reach.
Read More
Suspended foreclosures, evictions due to COVID-19 impacts
This article covers the various efforts to keep Californians housed during this period of social distancing and economic uncertainty.
Read More
May a mortgage be assigned to a new loan servicer while it is in default?
Myles v. Pennymac Loan Services, LLC Facts: An owner defaults on a mortgage secured by their...
Read More
May a city record a special assessment lien against a foreclosed property for unpaid garbage collection fees?
Kahan v. City of Richmond Facts: A city government records a special assessment lien against a...
Read More
Is Fannie Mae liable for money losses resulting from a false foreclosure report in its underwriting software?
Zabriskie v. Federal National Mortgage Association Facts: A homeowner defaults on their mortgage...
Read More
Does a lender who discusses foreclosure alternatives with a defaulting homeowner need to initiate the discussion to comply with the Homeowners’ Bill of Rights?
Schmidt v. Citibank, N.A. Facts: A homeowner obtains a mortgage from a lender then goes into...
Read More
May a lender prevent a homeowner from curing a mortgage default outside of a mortgage modification?
Turner v. Seterus, Inc. Facts: A homeowner experiences financial difficulties after losing their...
Read More
California’s Homeowner Bill of Rights is back
Foreclosure protections that expired earlier in 2018 are back.
Read More
First-time homebuyers and new housing
Young homebuyers are expected to give residential construction a boost in the coming years.
Read More
May a homeowners’ association (HOA) collect assessments from an owner after the owner files for bankruptcy?
Goudelock v. Sixty-01 Association of Apartment Owners Facts: A property owner buys a condominium...
Read More
California price-per-square-foot analysis
Want a deeper understanding of your local real estate market? These charts show the price-per-square-foot history of home sales in communities across California.
Read More
Tax-defaulted property owners may not repurchase property for less than the minimum bid
A prohibition against repurchasing tax-defaulted property at a price below the minimum bid.
Read More
May the end owner of a foreclosed rental property evict a previous tenant when the tenant’s lease has not terminated?
Epps v. Lindsey Facts: A tenant enters into a fixed-term lease agreement for a residential...
Read More
May a buyer of foreclosed residential property serve the holdover owner with a notice to quit prior to perfecting title?
US Financial, LP v. McLitus Facts: A buyer purchases a home occupied by the owner at a foreclosure...
Read More
