Wow, never thought I’d see this day! Bank of America and Wells Fargo, the two biggest providers of reverse mortgage will no longer be offering reverse mortgages. Bank of America was the first to depart in February with Wells Fargo […]
I saw an article on CNN Money that made me ridiculously happy about California and taxes. Don’t think that is possible? Let me explain. When home prices are going up the government gets lots of money from the property taxes […]
On a new twist which could be considered discrimination, lenders are turning down women on maternity leave or pregnant for home loans. The Federal Fair Lending Industry says that the topic now needs to be addressed. In one case against […]
I just don’t know what is going on with the news. One day the housing market is up, one day it’s down, the next minute it is going sideways. Is that in Los Angeles, New York, or Hong Kong? Who […]
Did the cat eat your homework or was it the bank losing your paperwork again? If there was such a thing as a short sale school for banks, these banks would definitely be suspended or in detention on a regular basis. […]
A new phenomenon is being seen in San Francisco primarily and it may be spreading quickly. A way to get rid of your sencond mortgage… The banks don’t like this at all, but it is working for some homeowners who say […]
Strategic defaults, people who strategically plan to default on their mortgage and sell their property short or walk away from it, are up 31% from 22% last year. Fair Isaac Corporation, also known as FICO, is helping lenders identify who […]
Ever been through a short sale? If not, you may have heard that they are not “short.” Here’s a new twist on the complications that the San Diego Real Estate Cafe Crew has seen with the short sales with Bank […]
Two bills were presented to Legislators and both failed although they are not completely dead. Supporters of the bills felt so adamantly about it that they packed the State Capitol, and new hearings have already been scheduled. Tell me what […]
