Foreclosures

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Foreclosures And The Massachusetts Ibanez Case

by Jeff Brown | January 12, 2011

Sometime in 2009 I began tellin’ whoever would listen, to ask their lender for the original note — especially if they were in the middle of either a loan mod or default. Events have since shown why this would’ve (and has for many) been an effective way to get lenders moving faster than a stalled [...]

When Postponing Foreclosure Sales, Magic Wands Don’t Always Work

by Melissa Zavala | December 8, 2010

Throughout my stint in the short sale world, I have been known to report trends, as I seem them. Usually, a few weeks after I report a trend in the pre-foreclosure or foreclosure arena, I read an article in the Wall Street Journal or on dsnews about the very same trend, corroborating what I have [...]

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MERS, The Foreclosure Documentation Mess and The Elephant in the Room!

by Peter Giardini | November 11, 2010

Unless you are Rip Van Winkle, it’s hard to not know about the latest foreclosure mess hovering over the housing market. This mess has to do with the manner in which lenders handled and processed the paperwork needed to proceed through various courts to obtain a foreclosure. As you know, most lenders were taking drastic [...]

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“You Think!”–A Mantra For The Age Of Foreclosure

by Charles Feldman | October 26, 2010

“You think!” This is a phrase that will come up often in this post. And, the cool part is–it’s actually a cue for YOU to take part in this blog. That’s right. YOU get to participate. First, how about a trial run. On the count of three. One! Two! Three! “You think!” Not bad. Though, [...]

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Bank of America Halts the Sale of Foreclosures in All 50 States

by Joshua Dorkin | October 8, 2010

In another sign of the mass chaos that has crippled the US housing market, the AP is reporting that as of today, BofA has halted all foreclosure sales throughout the United States. While this is great news for many people who are set to lose their homes, some even potentially wrongfully, it is not good [...]

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County Ordinance Hurts Las Vegas Foreclosure Investing

by Richard Warren | July 5, 2010

What were they thinking? Like many municipalities, Clark County Nevada is in dire financial straits. The budget crunch has led to hundreds of layoffs, cuts in services, and numerous added fees. In a mad dash for revenue, changes were made regarding fines for code violations that may severely impact the foreclosure market. When a homeowner [...]

Strategic Defaults: No Rush In Making The Decision

by Justin McHood | May 11, 2010

Because I live in Arizona, many people have asked me over the last 2 years whether or not they should short sell their house. And pretty much every time, my advice is generally the same: It is up to you. But if you can afford your mortgage payments, there isn’t a rush – you will [...]

A Changing Trend in the Foreclosure Capital?

by Richard Warren | March 15, 2010

Southern Nevada has been ground-zero of the foreclosure crisis for a long, long time. Home sales have actually been very strong for months but the majority of the real estate sold has been foreclosures. There has been an influx of investors buying homes for cash and many agents in that arena talk about bidding wars [...]

Not Seeing The Foreclosed Forest From The Trees

by Charles Feldman | March 2, 2010

It is easy and often dangerous to jump on any one set of figures as proof of an emerging trend, tempting though it may be. But when times are tough, like they are now, a lot of people who should know better are too quick to pounce on statistics that may be creating a false [...]

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Nevada Gets Federal Foreclosure Aid – Finally!

by Richard Warren | February 22, 2010

Several weeks ago I reported that Las Vegas, one of the cities with the highest rate of foreclosures, received none of the $2 billion in Federal relief dollars (article). That situation has now changed. It was just announced that Nevada is to receive $100 million in Federal aid. While the amount is merely 6.67% of [...]

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Why Too Many Foreclosures Can Lead to Devastation

by Florence Foote | February 16, 2010

Recently, I wrote about the path of progress and why one should consider investing in areas that will benefit from, for instance, the building of new rail lines which reduce commuting time and increase the quality of life for those who have access to such facilities compared to those who do not. As most people [...]

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A Loan Modification Plan That Might Actually Work for Homeowners AND Lenders?

by Richard Warren | February 15, 2010

Unless you’ve been living under a rock the last few years, you are well aware of the foreclosure crisis in this nation. Politicians have been creating plans that have been mostly ineffective. Loan modification companies have been popping up all over the place and bankruptcy lawyers are having a field day. Banks have created plans [...]

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One Fifth of Homeowners Underwater

by Charles Feldman | February 10, 2010

So many homeowners are now underwater (they owe more than the value of their property) Obama may want to offer a federal program to give scuba lessons to everyone! More than one fifth of ALL homeowners were underwater in the last quarter of 2009, according to Zillow.com and reported by BusinessWeek. And, if that weren’t [...]