County of San Diego Foreclosures Comparison 3rd Quarter Report 2010

On October 12, 2010 · Leave a Comment · In Market Trends, Real Estate News

 We all have heard that foreclosures are on the rise, and that there is a “shadow” inventory of homes that the banks own, but have not yet put on the real estate market. This is probably true, but as of last week two major banks: J.P. Morgan Chase and Ally Financial (the former GMAC [...]

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First half of 2010 San Diego County’s Notice of Defaults are down 41%!

On July 21, 2010 · 1 Comment · In Market Trends, Real Estate News

If you compare the first half of 2010 to same period last year, this San Diego County chart shows that Notice of Defaults are down 41%!  This means banks are getting better at processing short sales,  and  reflects the banks willingness to try to work things out with the homeowner, through either loan modification or [...]

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New Rules for underwriting loans for Borrower with prior Foreclosure!

On June 25, 2010 · 1 Comment · In Real Estate News

Fannie Mae just announced the new rule SEL-2010-05. 

 As if there is not enough stress for a borrower to get a mortgage, yesterday FannieMae set new guidelines for a borrower with a prior foreclosure.   “In Announcement SEL-2010-05, Underwriting Borrowers with a Prior Preforeclosure Sale or Deed-in-Lieu of Foreclosure, Fannie Mae announced changes to the policies regarding [...]

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La Jolla’s March Foreclosure Comparison is Starting to Rise!

On April 16, 2010 · 1 Comment · In Real Estate News

We have been hearing rumors that foreclosures will be increasing in the higher end market.

For the first time in three months, you can see from this San Diego County chart, that foreclosures are on the rise! If you compare Notice of Defaults to Trustee Deeds, foreclosures are up 53%! What does this all mean? It [...]

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Thinking of Making an Offer on a Foreclosure or Short-Sale?

On April 4, 2010 · 1 Comment · In Real Estate News

Short-Sale Incentives Start April 5th  …

A new federal program, Home Affordable Foreclosure Alternatives, aims to make the short sale process easier for buyers and sellers.  Starting April 5th the federal government will begin providing financial incentives to lenders who accept short sales.  Banks who participate in [...]

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California the Golden State not so Golden for Short Sale Homeowners!

On March 24, 2010 · 1 Comment · In My Point of View

TAX TIME … I know, like my husband and I, many of you are still getting together your information for income taxes that are due in just a few short weeks time.  With this issue on my mind, I recently noticed the San Diego Union article about the tax implications currently facing California [...]

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