According to the First Republic Prestige Home Index luxury home prices in San Francisco, San Diego and Los Angeles declined from year ago levels. The expert are afraid the current quarter will look even worse. The San Francisco’ bank quarterly survey reveals that the value of Bay Area’s luxury homes fell 1.3% in Q2 from [...]
Struggling homeowners may have a helping hand coming from the California Legislature. SB1275, authored by Mark Leno, D-San Francisco would require mortgage servicers to decide whether the borrower applying for a loan modification qualifies to receive that modification before they send the notice of a foreclosure sale. Many would think banks are eager to do [...]
July brought a 23% slide in home sales according to a San Diego-based real estate firm’s report. This came as a result of the withdrawal of the federal home buyer tax credit. However, the slide didn’t come as a surprise for the industry, as the federal assistance for first time home buyers started to wind [...]
With short sales becoming ever more popular as an alternative to foreclosures, an alarming trend dampens the irrefutable success the process offers all parties. Of course the short sale process requires the approval of the lender. Large portion of the short sales have been severely hampered by lenders failing to respond timely to the short [...]
With the Eureka Short Sale Program the homeowner’s details are withheld from the market while the conditions of the settlements are being negotiated. Subsequently the property will never be marketed as distressed sale; it will be presented to the market based on its features, not on the vulnerabilities of the parties involved. So the Eureka [...]
While Eureka is able to negotiate an agreement with the timely approval of the lender then simultaneously utilize its immense marketing capabilities to off load the property is a tremendous value to a homeowners flailing in financial uncertainty. Since the property is not marketed as short sale it gives an instant boost in marketability. Real [...]
All categories of foreclosure, (freshly instituted foreclosures, foreclosures in progress, and completed foreclosures) experienced solid gains of almost 20% from Q4 in 2009. Clearly the legal system is being tested to the very boundaries of its capacity. With fundamental assistance from the Home Affordable Modification Program (HAMP) loan modifications have increased slightly by approximately 5%. [...]
We are a nationwide network of real estate, financing and legal professionals with a mission to improve the efficiency of short sales and create a win scenario for all parties involved. We are closely monitoring the laws and regulations and promoting anti-scam and anti-fraud communications from various government organizations.
