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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Tag: negative equity
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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California underwater homeowner numbers to increase
Underwater homes rose for the first time since 2009 in California at the end of 2018.
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Factors point to a brief market slowdown ahead; Monthly Statistical Update (April 2017)
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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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Second mortgages signal financial accelerator effect
Second mortgages almost disappeared after the financial crisis. Recent price inflation has brought them back, but for how long?
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Case in point: Is a HAMP servicer required to offer a permanent loan modification to a homeowner who successfully completes a trial period plan?
Recent cases have closed loopholes enabling servicers to back out of providing permanent modifications to qualified homeowners.
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Positive equity, proceed with caution
Homeowners gained trillions in positive equity over 2013. Will it last?
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