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Behind on your mortgage and receiving phone calls from your lender along with certified mail? Your mailbox may be inundated with offers to buy, offers to sell, offers to refinance, offers to wipe away some of your mortgage balance. You’re probably to the point of opening your mail over the trash can and possibly so [...]
I was reviewing some of the 675 Pasadena properties that are in some stage of the foreclosure process today. Some of the recent trends I have noticed indicate many more of the properties have passed the “pre-foreclosure” stage and have now entered the “auction” stage. Also many of the listings that show an upcoming auction [...]
There seems to be no doubt that active government intervention may be forestalling the free market system in the housing market. Need a refresher, the $8000 first time homebuyer tax credit, the federal reserve buying mortgage backed securities, 90 day moratoriums on the foreclosure process, beginning to get the message? But wait, there’s more, Making [...]
Back in 1849 when gold was discovered in California, the news spread quicker than fire in the Angeles forest. People from all over the country were packed and headed to California in search of finding the fortune that had alluded them for so long. In 1849, I don’t think we had Facebook or Twitter and [...]
Many of the programs designed to help homeowners in distress have provided less than satisfactory results. Some of the qualifications needed to restructure or modify a loan have come with fine print that have proven to be more well intentioned as opposed to actually helping the people they were designed to benefit.
Adding to the stress [...]
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