Vacancy Rates Drop | Brian Bean & Tim Hardin | Riverside Real Estate | Short Sale Lease Back AS VACANCY RATES DROP, HOME PRICES ON THE INCREASE Home sales have dropped, prices have increased and vacancy rates are dropping, buoyed by investors who are snapping up attractively priced foreclosures.
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05/06/2012
Short Sale vs Foreclosure | Brian Bean | Riverside Short Sales Short sales outpace bank-owned sales in California Short sales, which continue to dominate the Inland Empire real estate market, surpassed bank-owned sales for the first time in several states, including California. The number of shor
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04/30/2012
Fight brews over principal reduction for upside-down homes Lawmakers, finance industry figures and The White House are ramping up pressure over mortgage balance reductions for distressed homeowners. Christine Lagarde, managing director of the International Monetary Fund, called this week for prin
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04/29/2012
The Federal Reserve weighed in this week on REO-rental programs, giving tempered support and re-emphasizing rules in place for banks to deal with massive inventories of foreclosures. The Fed, which regulates the U.S. banking industry and the money supply, said in an April 5 statement that banks m
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04/14/2012
A homeowner who called us several weeks ago to ask about a short sale told us this week the bank took back his house. The sad part is, foreclosure probably could have been avoided. A representative from the bank told our friend, who was several months behind on his mortgage, it was too late to do
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04/14/2012
Three months into 2012, distressed homeowners still can avoid massive tax bills after a short sale or foreclosure. But the narrow window is closing quickly. The federal Mortgage Forgiveness Debt Relief Act of 2007 and California’s Conformity Act of 2010 are set to expire at the end of this year.
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04/14/2012
California, which has seen home prices plummet by as much as two-thirds in some areas, is the top-ranked market for rental properties, a recent survey shows. Twelve areas in the Golden State were among the top 100 markets nationwide for investors targeting rental homes, according to a report rele
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04/10/2012
Homeowners facing a foreclosure may now be able to lease back and eventually buy back their home after a short sale. A newly launched program provides another option for homeowners who can’t afford their mortgage payments or have been rejected for a loan modification. Until recently, the Homes Af
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03/04/2012
A new Senate bill introduced recently reduces the time it takes to process a short sale and includes fines for banks that don’t adhere to the strict timelines. The “Prompt Notification of Short Sales Act” would require banks and mortgage servicers to approve, deny or counter a short sale request
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03/02/2012
We have begun interviewing homeowner candidates who need to do a short sale but don’t want to move. The HAFA short sale program allows a homeowner to sell the home, rent it back for three years and then buy it back at prices much lower than their current loan values. According to the the Homes Af
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03/02/2012
