How to prepare for the REO resurgence
Agents and brokers who want to make a decent living in the leaner years ahead will prepare now for the return of real estate owned (REO) properties.
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Tag: negative equity
Brokerage Reminder: Don’t be coy—let hardship letters tell all
Information on drafting a hardship letter when conducting a short sale.
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California’s home equity gains in 2021 were the largest in the nation
U.S. homeowners’ home equity levels rose significantly in 2021, though California homeowners experienced twice the gains as the rest of the nation.
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California underwater homeowner numbers to increase
Underwater homes were at their bottom in 2020.
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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.
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Underwater homes rise in California for the first time since 2009
The negative equity trend will continue to follow home price movement in the coming years.
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Factors point to a brief market slowdown ahead; Monthly Statistical Update (April 2017)
Download the Monthly Statistical Update To view the full-size version, print and personalize this...
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California foreclosures fully recovered in 2016
0.3% of California’s mortgaged homes were in some stage of foreclosure at the end of 2016.
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Q2 2016 saw the fewest foreclosures in California since the Great Recession
California has one of the lowest foreclosure inventories in the nation.
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Are underwater homes here to stay?
Homeowners with negative equity still make up as much as 20% of all homeowners in some parts of California.
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Is California’s foreclosure problem finally behind us?
23,900 foreclosures were completed in California during 2015, a big improvement from recent years.
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May a junior lien on a property be extinguished in Chapter 7 bankruptcy when the debt on the senior lien exceeds the property’s FMV?
Bank of America v. Caulkett Facts: A homeowner obtains two mortgages to fund their purchase of a...
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The short sale purchase agreement – boilerplate agreement or as an addendum
Form-of-the-week: Purchase Agreement with Short Sale Contingency – Form 150-1 and 274 Selecting...
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Inevitable rise in mortgage rates to hamper recovery, Monthly Statistical Update (November 2015)
Sales volume is prophetic of home prices; Underwater homes diminish; Single family starts up, but lag for lack of demand
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Full housing recovery imminent, Monthly Statistical Update (July 2015)
Download the Monthly Statistical Update To view the full-size version, print and personalize this...
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Will HELOC resets cause the next bust?
Too many homeowners taking out HELOCs at once can cause a disastrous trend.
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Foreclosures are almost fully recovered
NODs were their lowest since 2005 last quarter.
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Does a lender commit fraud when it verbally informs a homeowner their property’s value will always appreciate?
A homeowner obtained an adjustable rate mortgage (ARM) secured by a trust deed on their home.
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Economy staggers through recovery, Weekly Statistical Update 04/14/2014
Economy staggers through recovery, Weekly Statistical Update 04/14/2014; More underwater homeowners bob in the black; Bankruptcies tied to homeownership; Consumer sentiment falters
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FARM: Strategic default on your vacation home
Think twice before walking away from your vacation property.
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