Archive | Foreclosure Process RSS feed for this section

Foreclosure Timeline

30. June 2009

0 Comments

  When a real estate transaction involves a property in foreclosure, knowing the foreclosure timeline helps you as the real estate agent to assess whether you have enough time to close escrow before the foreclosure sale.  Starting September 8, 2008, California has a special foreclosure timeline for loans originated between 2003 and 2007, inclusive, which are secured [...]

Continue reading...

Criteria to Qualify for 90-Day Foreclosure Delay

26. June 2009

0 Comments

  The California Foreclosure Prevention Act, was introduced by Sen. Ellen Corbett, D-San Leandro, and attached to the budget package in February. The 90 foreclosure moratorium took effect June 15th and covers owner-occupied homes where the first loan was recorded between Jan. 1, 2003, and Jan. 1, 2008. California’s non-judicial foreclosure process requires a mortgage loan servicer [...]

Continue reading...

Listen here: Socal NPR – Mortgage Modifications

11. June 2009

0 Comments

KVCR-FM created this NPR news spot pertaining to the Southern California mortgage crisis. Listen to the segment here (approximately 5 minutes). Click the arrow below to play. MORTGAGE MODIFICATION 91.9 KVCR – June 5, 2009 By Anthea Raymond The Inland Empire has been hit HARD by the mortgage crisis. Interest rates have reset on many loans. Unemployment in the [...]

Continue reading...