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Foreclosure Truth #9
For homeowners, a short sale is far better than foreclosure, which in turn is far better than bankruptcy.
In The News
Banks Playing 'Foreclosure Roulette' With Delinquent Homeowners
Banks don't want to recognize losses by having to put homes on the market at foreclosure-sale prices, but they don't want to encourage borrowers to quit making payments either, so, O'Toole believes, they randomly foreclose on some people to prevent widespread "moral hazard."
Foreclosure Roulette
A game of extend and pretend--foreclosures will trickle out over a very long time rather than come as a wave of foreclosures as others continue to inaccurately predict.
Professional investors move into flipping foreclosed homes
Squeezing out amateurs, private equity funds and wealthy individuals are buying distressed properties at public auctions, refurbishing them and selling them for quick profits.
What's REALLY going on with banks and the government?
As the housing market downturn and foreclosure mess runs on and on, it's almost impossible to fathom some of the behavior that keeps occuring.
No New Foreclosure Wave in Sight for California: Report
Even with the up-and-down wave of indicators and some analysts predicting another setback in housing, ForecloureRadar says it doesn’t expect the foreclosure picture in the Golden State to worsen.
Bank-owned inventory shrinks in California
More borrowers negotiating loan mods, short sales.
Inventories of bank-owned properties in California registered double-digit declines in July compared to a year ago, according to the latest numbers from data aggregator ForeclosureRadar.
West Nile virus thriving this summer
Min-Lee Cheng is not in the market for a new home, but the West Valley Mosquito and Vector Control District's manager peruses ForeclosureRadar.com on a regular basis. Abandoned properties with pools are Cheng's prime target - as homeowners move out, mosquitoes often move in.
Santa Clara County's high-end houses hit in foreclosure crisis
The foreclosure crisis, now well into its third year, has moved upscale as a growing share of people in homes worth at least a million dollars fall behind on their mortgage payments.
Big risks, rewards in home 'flipping'
How banks and buyers operate in a distressed real estate market.
Lawmakers battle over foreclosure remedies
The tug of war between the lending industry and people pushing for new borrower protections is still going strong at the state Capitol.