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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Topics
- Featured Listings (1)
- La Jolla Neighborhoods (18)
- Market Trends (34)
- My Point of View (84)
- My Point of View (17)
- Real Estate News (31)
- Tour of La Jolla (11)
- Video Blog (17)
- What's Happening (123)
- What's New (8)
Search The Archives
Follow Michelle On Twitter
- Tomorrow will be perfect to stroll through some magnificent gardens! La Jolla Secret Garden Tour is here! All the... http://t.co/RcPP5wqG http://www.twitter.com/michellerealtor 9 hours ago
- RT @LorenSan: #VerizonWireless An Open Letter To Lowell.McAdams@one.Verizon.com Mr McAdam-May I suggest you tr http://t.co/HpJmoY7r via ... http://www.twitter.com/michellerealtor 23 hours ago
- I'm going to brag our daughter @jasilverman just finished her last final @Cardozo Law School! Can't wait for her graduation June 4 in NYC! http://www.twitter.com/michellerealtor 23 hours ago
Our YouTube Channel
