Category Archives: Foreclosures

Owners get help in choosing short sale over foreclosure

Posted on April 23, 2010 by Greg Frost Jr.

Homeowners will now have incentives to agree to a short sale (the process of selling for less than is owed on a home) thanks to new federal rules instituted earlier this month. A foreclosure hurts an owner’s credit rating for … Continue reading →

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Posted in Economy, Federal Housing Administration, FHA, Foreclosures, Mortgage / Credit, Mortgage Approval Process, Mortgage rule changes, Mortgage rules, News, Real Estate News, Short sales | 1 Comment

Hope for housing in Southern California

Posted on April 22, 2010 by Greg Frost Jr.

According to the Los Angeles Times, Southern California could be on the verge of a housing recovery: “The median price paid for a home rose 14% in March to $285,000 from a year earlier, according to MDA DataQuick. Higher-priced coastal … Continue reading →

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Posted in California, Economy, Foreclosures, Homebuying, Mortgage News, Mortgage Programs, Real Estate News, Southern California | Leave a comment

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