short sales

REP. SUSAN DAVIS RE-INTRODUCES BILL TO HELP HOMEOWNERS AVOID FORECLOSURE

April 11, 2013 (Washington D.C.) – As homeowners in San Diego and across the nation continue to tangle with banks, Congresswoman Susan Davis (D-San Diego) re-introduced legislation to give people another tool to avoid foreclosure and the subsequent damage to the their credit rating.  The Short Sale Transparency Act will require Fannie Mae and Freddie Mac to disclose the minimum asking price they are willing to accept for a short sale if they reject the first offer.

“People deserve a real chance to avoid foreclosure. It is unfair to expect someone to complete a short sale instead of abandoning their home to foreclosure, if the banks don’t meet them half way,” said Davis.  “Many homeowners are willing, even eager, to work with banks to get out from under the mortgage and protect their credit rating.  But far too often, they find themselves in a guessing game as to what dollar amount will complete the sale.”

HOMEOWNER'S GURU: THE TRUTH ABOUT SHORT SALES

By E. V. Small

February 14, 2013 (San Diego)--If you are a homeowner who is underwater and/or behind on your mortgage payment , you probably feel as though you have very few options.  Believe it or not, you might just be in a better negotiating position than homeowners with equity and their home and who have made all timely mortgage payments.

FROM THE REAL ESTATE TRENCHES: THE BIG PICTURE, PLUS LOCAL REAL ESTATE NEWS

 
By Charlotte Reed, REALTOR, SRES CRS
Windermere SoCal Real Estate La Mesa Branch
 
July 13, 2012 (San Diego’s East County) –This week in the real estate trenches, we bring you some “big picture” news of landmark state legislation and a major federal court case settlement, both of which have major ramifications for our local real estate market, lenders and consumers. We also include some local news highlights of interest to the East County real estate community.