Repost from DQNews.com
La Jolla, CA.–Lenders filed a record number of mortgage default notices against California homeowners during the first three months of this year, the result of the recession and of lenders playing catch-up after a temporary lull in foreclosure activity, a real estate information service reported.
A total of 135,431 default notices were sent out [...]
The following is a Q&A released by the US Treasury Department to answer the folks who are not behind on their mortgage and those at risk of foreclosure and want to know how the $75 Billion Homeowner Affordability and Stability Plan affects them.
Fact Sheet http://www.treas.gov/news/index2.html
Borrowers Who Are Current on Their Mortgage Are Asking:
1. What help is available [...]
“Today, as a result of declining home values, millions of families are “underwater,” which means they owe more on their mortgages than their homes are worth. These families are unable to sell their homes, and unable to refinance them. So in the event of a job loss or another emergency, their options are limited.
“Right now, [...]
President Obama will sign into law the $787 Billion stimulus bill tomorrow in Denver. There are a number of provisions in this plan that affect California home owners including:
FHA, Fannie Mae and Freddie Mac Loan Limits -The bill reinstates last year’s 2008 loan limits for FHA, Freddie Mac, and Fannie Mae loans. These limits were equal [...]
The media picked up on the prospect of 4.5% fixed mortgages back in November causing a lot of people to wait for rates to come down to this level before refinancing. 11 straight weeks of interest rate drops lead us to 4.5% fixed rate mortgages for the first time ever!!! Yay! But that celebration was [...]
DataQuick Information Systems, www.DQNews.com
La Jolla, CA.—-Bay Area home sales decelerated in November but beat the year-ago mark for the third consecutive month. The allure of discounted foreclosures continued to drive sales in affordable inland markets, which helped push the median sale price down to its lowest point since former President Bill Clinton was in the [...]
Click “Mortgage News” for the numbers.
www.ForeclosureNorCal.com
“I keep waiting for someone to pinch me and say ‘Wake up, Paul, it’s time for work - you’re late again’. I feel like I’m on a rollercoaster - a white knuckle ride into the unknown. And I don’t want to get off!”
Britain’s Got Talent winner Paul Potts has spent most of his life feeling [...]
Tony Robbins explains how to unlock your true potential, and asks the audience (including former Vice President Al Gore) for a bit of high-level interaction. Robbins is a leading expert in leadership psychology, and one of America’s most popular public speakers. (Recorded February 2006 in Monterey, CA. Duration: 22:30) - More TED Talks at http://www.ted.com
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President-elect Barack Obama lays out key parts of Economic Recovery Plan
Consumers are often baffled by the home appraisal process. They may feel their home is worth a certain dollar amount, and therefore, the appraised value doesn’t make sense to them. It is important to know that appraisal guidelines are dictated by the lenders. In many states, the lenders must disclose the purpose of the appraisal, [...]