A lot of people are unaware of what happens when the bank forecloses on homeowners. CNN Money article below gives valuable information for homeowners who are contemplating foreclosure. We recommend that you speak with a reputable and experienced Realtor to discuss your options.
Mortgage lenders pursue homeowners even after foreclosure
By Les [...]

WASHINGTON – In order to spur economic real estate activity, the 90 Day No Flipping Policy will be waived by FHA for one year effective 02/01/2010.
With certain exceptions, FHA currently prohibits insuring a mortgage on a home owned by the seller for less than 90 days. This temporary waiver will give FHA [...]

Should I do a short sale? Do I qualify? What is HAFA?
In early April 2010, a government progam called HAFA will affect bank approved short sales. Banks and service providers who have signed on with this goverment progam will accept short sales based on the HAFA criteria. [...]

The short sale process has been difficult, lengthy and cumbersome. Things are changing and the tide is turning. More and more lenders are approving short sales. Some lenders don’t even require borrowers to be late on their mortgage or to prove hardship. If you have been thinking about a short sale [...]

Yes. It’s true. Wachovia, part of Wells Fargo Bank, is helping homeowners to sell their home to pay off their Wachovia and World Savings Loans. Wachovia is taking a proactive approach because they lose less money if they work out a short sale rather than foreclose on a homeowner.
Hands down, [...]

Major Surge Seen in New-Home Sales in the Los Angeles Basin
WEBWIRE – Wednesday, December 09, 2009
Contact Information Robert D. Martinez
Director of Research
MarketPointe™ Realty Advisors, Inc.
619-233-3781 ext. 17
rmartinez@marketpointe.com
The Los Angeles Basin’s new-home sales surged a whopping 172 percent this quarter, pushing total net sales volume back over the 1,500-unit mark for the first time since [...]

We heard that Wachovia is giving short sale approvals in days. They have been successful in other areas and are now coming to the south land.
Most banks are taking 4-6 months to approve a short sale. Wachovia wants to get it done fast. In addition to that, they may be [...]