While pre-foreclosure activity was down during the April to August period, the lenders resumed their voluntarily suspended foreclosure activities – due to the imminent foreclosure settlement. This resulted in a quick jump in pre-foreclosure activity in San Francisco. To be more specific, the number is 19% August, with 651 properties in the pre-foreclosure pipeline versus [...]
Although the surface show that foreclosures are trending down in the state of California, foreclosure activity has actually been up in San Francisco. The biggest gains in activity were outside of the oft maligned “District 10” which wasn’t present in the San Francisco foreclosure activity for well over two years. In January the percentage of [...]
The July to September period meant less house sale transactions at Sheriff sales compared with the same period in 2009, the latest industry data reveals. Real estate observers have reported that the number of distressed properties in the state has dropped, although it remains at almost record level. San Francisco home foreclosure auctions declined along [...]
Cotchett, Pitre & McCarthy sued a Los Angeles-area law firm for allegedly collecting illegal fees for a "forensic loan audit" from San Francisco Bay Area couple promising to stop the foreclosure of their property -which they lost very quickly. Mercedes and Orlando Erazo filed a lawsuit in San Mateo County Superior Court accusing attorney Francisco [...]
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 [...]
