by Phyllis Rockower | Apr 25, 2013 | Housing News, Uncategorized
The ranking considers factors such as sales/listing activity and prices, months of remaining inventory (MRI), days on market (DOM), sold-to-list price ratio and foreclosure and REO activity. Top Metros Santa Ana-Anaheim-Irvine, California Indianapolis-Carmel, Indiana...
by Phyllis Rockower | Mar 28, 2013 | Housing News
The rules for mortgage modification have been eased according to FHFA. They would lower the interest rate to 1/2 % below going interest rates. (big deal) but would not include cn. Worse yet, missed payments would be added to the back end of the loan. Sounds like...
by Phyllis Rockower | Mar 4, 2013 | Foreclosure Updates
When talking to sellers who are in trouble, the topic of loan modification will always come up. You need to have some basic information to give to them. First of all, there are very tight qualifications for this process and it ain’t easy. If you make too much,...
by Phyllis Rockower | Feb 17, 2013 | Foreclosure Updates, Uncategorized
California has strict laws about what you can and can not do if someone is in foreclosure. They have a special agreement called an equity purchase agreement and a five day right of rescission. There is a law that will get you in trouble if you violate it. Make sure...
by Phyllis Rockower | Dec 31, 2012 | Housing News
This one is different than the last one because the money all goes to homeowners who got the shaft from the banks. Some of the states had used the money earmarked for homeowners to for their treasuries. Not nice!! The 5 biggest will be involved: Wells Fargo, JPMorgan...
