by William Bronchick | Mar 5, 2019 | Business Advice, Foreclosure Updates
by Attorney William Bronchick Foreclosure is the legal process of the mortgage holder taking the collateral for a promissory note in default. The process is slightly different from state to state, but there are basically two types of foreclosure, judicial and...
by Phyllis Rockower | Aug 19, 2013 | Foreclosure Updates
Foreclosure activity accelerated in July [highlight bg=”#fc0″ color=”#000″]rising off of the 78 month low[/highlight] it reached in June, RealtyTrac said today. There were 130,888 foreclosure filings – including default notices, scheduled...
by Phyllis Rockower | Jul 22, 2013 | Foreclosure Updates
Mortgage delinquencies in May posted thelargest year-to-date drop seen since 2002, Lender Processing Services (LPS) said today. Delinquencies were down 15 percent from the end of December 2012 to a May rate of 6.08 percent. This was a drop of 2.11 percent from April....
by Phyllis Rockower | Jul 15, 2013 | Foreclosure Updates
RealtyTrac found. while the number of overall foreclosures fell by 35% in June from a year ago – to the lowest level since December 2006 – the number of so-called judicial foreclosures surged 34%. In California, we have a trust deed state. That means that foreclosure...
by Phyllis Rockower | Apr 24, 2013 | Foreclosure Updates
Banks are up to their usual tricks. It seems as if nothing has changed. We pass laws and they laugh at us. Here is more proof. The IFR settlement gives loan modifications—which keeps people in their homes—and short sales “equal footing” by providing dollar for dollar...
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,...
