Foreclosures/Short Sales

Westlake Village Real Estate Update – Lenders Give a Foreclosure Reprieve for Holiday Gifts

by Lydia Gable December 5, 2011 Foreclosures/Short Sales

“No family should have to give up their home during this holiday season,” said Terry Edwards, an executive vice president for Fannie Mae. With that said, Fannie Mae, Freddie Mac and other large mortgage lenders agree not to evict delinquent borrowers this Christmas.

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Is Bailing and Buying the Answer? Real Estate in Westlake Village

by Lydia Gable October 17, 2011 Foreclosures/Short Sales

Is it right to buy and bail? With so many homeowners losing money on their current property, why isn’t it financially savvy to buy something else well below market value, walk into instant equity, then dump the house that’s sinking ?

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Short Sales are Sinking – Westlake Village Homes

by Lydia Gable September 27, 2011 Foreclosures/Short Sales

Accounting for more than one of every six house sales, the average time-on-market for short sales stalled at 16.6 weeks.

With the majority of that time spent waiting for approval, short-sale transactions are becoming less popular with first-time home buyers.

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Facebook Foreclosures

by Lydia Gable June 15, 2011 Foreclosures/Short Sales

When the courts have a hard time locating homeowners and serving foreclosure filings these legal cases are delayed and so is getting these distressed properties on the market and resold. But with social networking websites, like Facebook, this particular problem has been resolved.

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California Homeowners Seek a Lifeline from US Supreme Court

by Lydia Gable June 1, 2011 Foreclosures/Short Sales

A recent decision by the California Supreme Court may have set a precedent for California homeowners facing foreclosure and leave them no choice but to seek a lifeline from the US Supreme Court.

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Strategic Mortgage Defaulters Remain in Good Standing

by Lydia Gable April 26, 2011 Foreclosures/Short Sales

Borrowers who engage in “strategic defaults” after their home’s value has plummeted tend to be more savvy about credit than the population at large.

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Foreclosure Notices Down 30%

by Lydia Gable April 18, 2011 Foreclosures/Short Sales

On the surface, the foreclosure crisis seems to be easing. The number of foreclosure notices filed during the first three months of 2011 fell 27% compared with the first quarter of 2010, according to a report from RealtyTrac released Thursday.

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Military Families on the Real Estate Battlefield

by Lydia Gable April 11, 2011 Foreclosures/Short Sales

The tax credit helped thousands of military personnel buy below market-value homes in this housing bust, but in contrast, homes purchased by military families during the boom are upside down.

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There’s a Light in the Shadow Inventory

by Lydia Gable March 22, 2011 Foreclosures/Short Sales

A state-by-state breakdown of “shadow inventory” suggests that while Nevada, Arizona and California have the highest foreclosure rates in the nation, buyers will clear those properties from the market at a faster rate than in most other states.

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House of Representatives Bailing Out of Foreclosures

by Lydia Gable March 15, 2011 Foreclosures/Short Sales

House Republicans say they want out of the anti-foreclosure business altogether leaving homeowners to fend for themselves. They have introduced bills to eliminate four federal programs, but don’t offer any alternatives.

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