Portland Real Estate Judicial Non - Foreclosure Attorney

Because all my hard money lending is done in California and to people who buy, rehab, and sell foreclosures, this news story caught my eye. The California legislature recently passed a law making it harder to banks to foreclose on property owners. According to Reuters, the bill prohibits banks from ?dual-tracking? loans ? proceeding with the foreclosure process while also in loan modification negotiations with the owners. The bill also lawsuits against robo-signing. The bill still has to be signed by the governor before it becomes law, but he is expected to sign it. On the surface, this law sounds good to me. I will freely admit the first I heard about it was from the above linked article and the facts in that article are the extent of my knowledge of it. I do think robo-signing is a big problem. When your actiosn can result in people losing their home and being forced out onto the streets, you need to have someone carefully look over the documents before foreclosing. This just stands to reason. As to the prohibition against dual-tracking, I?m OK with that as well. Yes, it may result in longer times to foreclose on a property. But if a borrower is in talks with a bank to modify their loan, I think they would reasonably conclude that the bank would pause foreclosure proceedings while they are attempting to work out a settlement. Further, without this restriction, the bank has a huge advantage at negotiating ? they would be able to drag out the talks until foreclosure was a day away, leaving the borrower with no choice but to either accept the terms the bank offered or lose his or her house. How will this affect my lending? I expect to see a slowdown in houses for sale at auction for the 6 or so months after this bill becomes law. This will represent the time banks have to wait while they attempt to reach a loan modification deal before proceeding. There is nothing in this law, to my knowledge, that requires the banks change what loan modification terms they must accept, so they will still be reaching the same decision on modifying loans or not, resulting in about the same number of houses going to foreclosure. There will just be a delay lasting the length of those negotiations. Source: blogspot.com Source: blogspot.com
Source: foreclosureattorneyco.com

Video: California Foreclosure Law

3 Ways to Buy an Orange County CA Foreclosure Property

A singer for a lifetime, I have been involved with choral groups and ensembles, gospel, spiritual, stage musicals, chancel choir at Irvine Presbyterian Church and Concordia University Irvine Master Chorale. Enjoy time with my wife Christi ? like our families, clients, business, activities at church, running, physical fitness, swimming, hiking, walking, tennis and biking.
Source: posterous.com

Selecting a Foreclosure Defence Lawyer against Foreclosure Litigation

A foreclosure defense expert can really make a difference in the results of judgments in general. It is noteworthy that homeowners who are new to this area may have difficulty in following the process of foreclosure litigation with a foreclosure defence lawyer. Hiring a loan modification attorney is an option to bypass the event of evacuation, because any homeowner would hate to lose a home to foreclosure. With the wide range of home seizures occurring throughout the USA, it is understandable that there are many other concerns about the lawsuit executions; Such economic front can affect social and individual lifestyles.
Source: rawbusinesslaw.com

arthurturner10: California Foreclosure Laws

Because all my hard money lending is done in California and to people who buy, rehab, and sell foreclosures, this news story caught my eye. The California legislature recently passed a law making it harder to banks to foreclose on property owners. According to Reuters, the bill prohibits banks from ?dual-tracking? loans ? proceeding with the foreclosure process while also in loan modification negotiations with the owners. The bill also lawsuits against robo-signing. The bill still has to be signed by the governor before it becomes law, but he is expected to sign it. On the surface, this law sounds good to me. I will freely admit the first I heard about it was from the above linked article and the facts in that article are the extent of my knowledge of it. I do think robo-signing is a big problem. When your actiosn can result in people losing their home and being forced out onto the streets, you need to have someone carefully look over the documents before foreclosing. This just stands to reason. As to the prohibition against dual-tracking, I?m OK with that as well. Yes, it may result in longer times to foreclose on a property. But if a borrower is in talks with a bank to modify their loan, I think they would reasonably conclude that the bank would pause foreclosure proceedings while they are attempting to work out a settlement. Further, without this restriction, the bank has a huge advantage at negotiating ? they would be able to drag out the talks until foreclosure was a day away, leaving the borrower with no choice but to either accept the terms the bank offered or lose his or her house. How will this affect my lending? I expect to see a slowdown in houses for sale at auction for the 6 or so months after this bill becomes law. This will represent the time banks have to wait while they attempt to reach a loan modification deal before proceeding. There is nothing in this law, to my knowledge, that requires the banks change what loan modification terms they must accept, so they will still be reaching the same decision on modifying loans or not, resulting in about the same number of houses going to foreclosure. There will just be a delay lasting the length of those negotiations. Source: blogspot.com
Source: blogspot.com

Danville CA Foreclosure Homes for Sale Trends August 2012

The Danville CA foreclosure trends for August 2012 showed a sharp downturn in foreclosure filings, down -36.67% from July 2012, and down -47.22% from August 2011. Foreclosure filings occur when a Notice of Default (notice of non-payment) is issued. The Notice of Trustee Sale (which indicates that a Trustee Sale Date has been filed and scheduled for sale at the county auction) shows that Notices of Trustee Sale are slightly up 6.25% from July 2012 yet down -37.04% from August 2011.
Source: livedanvilleca.com

California Legislature Passes Tough New Anti Foreclosure Laws

Yesterday, the California Homeowner Bill of Rights, a new set of laws designed to give homeowners additional protection against foreclosure fraud and other abuses, was passed by the California legislature. ?California is the latest state to change its laws in an effort to ease the foreclosure crisis. ?The laws are largely a reaction to the rampant foreclosure fraud and robo-signing that occurred (and may still be occurring) following the housing collapse in late 2006. ?Nearly 700,000 homeowners in California are delinquent on their mortgages or are in some stage of foreclosure.
Source: totalmortgage.com

Shaun?s Real Estate Adventures: New California Foreclosure Law

Because all my hard money lending is done in California and to people who buy, rehab, and sell foreclosures, this news story caught my eye. The California legislature recently passed a law making it harder to banks to foreclose on property owners. According to Reuters, the bill prohibits banks from ?dual-tracking? loans ? proceeding with the foreclosure process while also in loan modification negotiations with the owners. The bill also lawsuits against robo-signing. The bill still has to be signed by the governor before it becomes law, but he is expected to sign it. On the surface, this law sounds good to me. I will freely admit the first I heard about it was from the above linked article and the facts in that article are the extent of my knowledge of it. I do think robo-signing is a big problem. When your actiosn can result in people losing their home and being forced out onto the streets, you need to have someone carefully look over the documents before foreclosing. This just stands to reason. As to the prohibition against dual-tracking, I?m OK with that as well. Yes, it may result in longer times to foreclose on a property. But if a borrower is in talks with a bank to modify their loan, I think they would reasonably conclude that the bank would pause foreclosure proceedings while they are attempting to work out a settlement. Further, without this restriction, the bank has a huge advantage at negotiating ? they would be able to drag out the talks until foreclosure was a day away, leaving the borrower with no choice but to either accept the terms the bank offered or lose his or her house. How will this affect my lending? I expect to see a slowdown in houses for sale at auction for the 6 or so months after this bill becomes law. This will represent the time banks have to wait while they attempt to reach a loan modification deal before proceeding. There is nothing in this law, to my knowledge, that requires the banks change what loan modification terms they must accept, so they will still be reaching the same decision on modifying loans or not, resulting in about the same number of houses going to foreclosure. There will just be a delay lasting the length of those negotiations.
Source: blogspot.com

Foreclosure Activity Increases 1% In August According To RealtyTrac U.S. Foreclosure Market Report

Illinois, Florida, California post highest state foreclosure rates Illinois posted the nation?s highest state foreclosure rate in August thanks to a 29 percent jump in overall foreclosure activity from the previous month. A total of 17,781 Illinois properties had a foreclosure filing in August, one in every 298 housing units and an increase of 42 percent from August 2011. Illinois foreclosure activity was up across the board ? foreclosure starts increased 18 percent annually, scheduled foreclosure auctions were up 116 percent annually, and bank repossessions were up 41 percent annually. August marked the eighth consecutive month where Illinois foreclosure activity increased on a year-over-year basis.
Source: ritholtz.com

Bankers shift from foreclosures to short sales

We keep thinking someone is going to save us from ourselves. Homes have been so over priced I think what we have been experiencing is one way of balancing the equation.Banks have been making a ridiculous profit on homes. Someone needs to bring things back to reality in line with the rest of the world. It is all about greedy systems trying to rake in huge profits in many sectors off of people.From inflated prices in building homes to the prices charged for new homes built and remodeling. It?s just pathetic how much people are being charged for homes today. It also unrealistic sometimes how much people expect to turn a profit when they resell a home. Let?s be reasonable with each other instead of hoping to strike it rich selling a home we didn?t sink huge funds into fixing up.
Source: nbcnews.com

California Foreclosure Law: Non

Homeowners facing foreclosure in California can request a loan modification, deed in lieu of foreclosure or short sale to stop foreclosure proceedings. If the borrower has sufficient credit, he may qualify to refinance his home at a lower interest rate or extended repayment period to lower his monthly mortgage payments. The U.S. Department of Housing and Urban Development recommends that individuals facing foreclosure immediately contact their mortgage lenders and attempt to negotiate their loans to avoid property seizure.
Source: suite101.com

How long does the foreclosure process usually take in California?

agent and attorney avoid avoid foreclosure bank bankruptcy CA california diego estate expert for foreclosure foreclosures HAFA help home homes house housing in loan loan modification Mike Rigley modification mortgage of process properties real real estate realtor sale sales san Sell short short sale short sales short sale specialist specialist stop Stop foreclosure video
Source: shortsaleprocessincalifornia.com

New California Foreclosure Law

While California, and the US in general, have been dealing with an economic slump and foreclosures, Thailand?s housing market has been relatively stable. Accordingly, Thailand real estate law?has not required any special laws to protect people for over-reaching banks and financial fraud in real estate and mortgage transactions.
Source: thailawforum.com

Related posts:

1. Portland Real Estate Judicial Non
2. Retaining a Real Estate Attorney is Critical Before Signing a Georgia Real Estate Contract
3. Shaun?s Real Estate Adventures: New California Foreclosure Law
4. Shaun?s Real Estate Adventures: New California Foreclosure Law
5. Shaun?s Real Estate Adventures: New California Foreclosure Law

Source: http://foreclosureattorneyco.com/portland-real-estate-judicial-non-2/

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