http://www.cvshortsale.com A Better Alternative than Foreclosure Tue, 13 Dec 2011 14:41:49 +0000 http://backend.userland.com/rss092 en Here are links to some good discussion about Senate Bill 458 from the California Association of Realtors (C.A.R.). This is NOT intended to be legal advice! As always, we recommend you speak with an attorney or CPA about your individual situation. It does explain the new bill that provides homeowners ... http://www.cvshortsale.com/2011/10/01/questions-about-senate-bill-458/ Bank of America Corp. is stepping up its foreclosure activity in states where a court order is not needed to take back a home. Bank of America is the nation’s largest mortgage servicer, and other big banks could follow suit, according to analysts. Read the full text of ... http://www.cvshortsale.com/2011/09/15/bank-of-america-ramps-up-foreclosures/ Banks do not want your home! Banks are much more aggressive in allowing short sales because it allows them to sell your property without having to foreclose. Foreclosures are expensive for the banks. They have to maintain the property, pay the taxes and HOA fees and fix anything that is ... http://www.cvshortsale.com/2011/07/21/dont-foreclose/ Pending home sales in California rose in June, according to C.A.R.’s Pending Home Sales Index (PHSI). The index was 119.0 in June, an increase of 1.9 percent from May’s revised index of 116.8, based on contracts signed in June. The index also was up 4.4 percent from June ... http://www.cvshortsale.com/2011/07/21/pending-home-sales-rise/ Builder confidence in the market for newly built, single-family homes rose two points to 15 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July. The gain largely offsets a three-point dip recorded in June. "We view the upward movement in the July HMI as a correction ... http://www.cvshortsale.com/2011/07/21/builder-confidence-rises/ In a major victory for REALTORS®, Governor Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for transactions closing escrow from this day ... http://www.cvshortsale.com/2011/07/16/law-against-short-sale-deficiencies-expanded/ According to an article in the LA Times, homes sales rose 7.3% in April. It's the second solid monthly gain since a steep drop in February. All four regions saw increases, led by a 15.1% gain in the West. http://www.cvshortsale.com/2011/05/25/new-home-sales-rise-73-in-april/ U.S. home prices fell in February for the seventh straight month, a closely followed index released Tuesday shows, with the housing market returning to its lowest levels since the recession began. Home prices in 20 major U.S. cities declined 1.1 percent in February, according to the Case-Shiller home-price index released by ... http://www.cvshortsale.com/2011/04/27/valley-should-be-ok-despite-national-home-price-drops/ The National Association of Realtors reports that the Pending Home Sales Index, based on contracts signed in November, rose 3.5 percent to 92.2 from a downwardly revised 89.1 in October. The index showed sales were 5 percent lower than the 97.0 reading in November of last year. Read the full article. ... http://www.cvshortsale.com/2010/12/30/pending-home-sales-jump-more-than-expected/ There's an article in the LA Times today about a situation that I hear about almost daily. It's a story about a struggling homeowner who believes they are in the midst of a loan modification only to find out that the bank foreclosed their home. It's a scenario that happens all too ... http://www.cvshortsale.com/2010/09/10/dont-let-this-happen-to-you/