Category Archive for: ‘Real Estate’

Anti-Loan Deficiency Protection In San Diego

A loan deficiency occurs when the amount owed on a loan is greater than the value of the property. This is problematic because when a house sells (either through foreclosure or short sale), money received from that sale will not be enough to satisfy the total amount of the loan. In many cases, the lender can file a lawsuit against …

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Available Options When Mortgage is in Default

When a homeowner is no longer able to continue to make mortgage payments to the lender, the homeowner should explore several available options before the lender begins the foreclosure process, i.e. short sale, deed in lieu of foreclosure, loan modification, and bankruptcy. When considering these options, every homeowner should be primarily concerned with the following 2 liabilities:

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60 Minutes Story on Bank Mortgage Forgeries

“60 Minutes” this week ran a revealing story on how banks cut corners when they bundled homeowners’ mortgages into securities by resorting to forgery and phony paperwork in what looks like a nationwide epidemic. In a shocking large amount of cases, there is no legal way for banks and servicers to prove their claim on the houses they are attempting …

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2005-2009 San Diego Foreclosure Statistics

Despite a slight decrease in foreclosures in the month of February 2010 (2% decline claimed by RealtyTrac), March national data has seen an increase of about 8% and the first quarter of 2010 an increase of around 7% in foreclosures. The results don’t help to increase confidence in an already fragile American economy. What about data closer to home, what …

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