Foreclosure News
Few owners expect to benefit from foreclosure law
A new, 90-day state moratorium on foreclosures went into effect this week
to give homeowners more time to avoid losing their homes. But because the California Foreclosure Prevention Act exempts lenders from the moratorium if they submit modification programs for review, few owners are expected to benefit
» more
Short sales stymied by complications, delays
With an estimated 20 percent of U.S. mortgage holders owing more on their
loans than their homes are worth, short sales often represent the best
chance for distressed borrowers to avoid foreclosure. The problem is that many real estate professionals say it's growing increasingly difficult to complete transactions » more
Pricey neighborhoods seeing more defaults
Foreclosure Guide
Foreclosure: What is it? How to avoid it?
To understand the foreclosure process one must know what it is first. So what is the definition of foreclosure.
Simply put, the foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has » more
How to buy pre-foreclosed properties
Finding and filing properties:
Develop a system to keep track of properties that interest you. A good tracking system is important since most pre-foreclosure buyers pursue many properties sometimes over a period of several months.Finding and filing properties
Develop a system to keep track of » more
How to locate the best foreclosed real estate properties
Foreclosure Support
Legal defenses to foreclosure
If your loan is a refinance, the bank must have provided you a set of disclosures at the time of closing. If these disclosures are inaccurate, the loan is statutorily rescindable under TILA. For example, in a foreclosure action, the finance charge must have been accurate within $35 or the loan may be
» more
What to do when you can't pay the bills
Paying bills can be an uphill battle, even when the economy is on an upswing. Add in the economic crunch, collapsed real estate market and a job market that is showing record losses each month, and you could find yourself not wanting to get out of bed in the morning. For many business owners, the feeling is mutual. » more
Local Real Estate Experts
San Diego Market Snapshot
Listing Type
Sales
Median Price
Resale Homes
1,928
$319,000
Resale Condos
888
$180,000
New Homes / Condos
204
$436,000
