Posts tagged as:

foreclosure

Slide Show: A UPDATED Guide to Buying Foreclosures and Short Sales – Shadow Inventory Discussion

Updated insight into buying foreclosures and short sales.
Understand what a short sale is and why it’s such an unpredictable way to buy.
Foreclosures typically require the buyer to compromise or give up many of the rights provided in the purchase contract – learn what to watch out for and how to protect yourself so you don’t [...]

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How to Buy Short Sale and Foreclosure Homes in California

by Scott Schang November 10, 2009 Market Updates

Short Sales (Short Pay) – I have this conversation on a daily basis with potential home buyers looking for a great deal. Usually it’s a call or an email that goes something like this: “Can this be true? There must be something really wrong with this property because this seems like it’s priced way too [...]

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Governor Schwarzenegger Signs Mortgage Protection Legislation

by Scott Schang October 19, 2009 Market Updates

PRESS RELEASE: 10/12/2009 GAAS:615:09 FOR IMMEDIATE RELEASE
(This is a reprint of a press release by the Office of the Governor – You can find the original press release here)

To help prevent California homeowners and homebuyers from being negatively impacted by the fraudulent mortgage practices that have arisen in the aftermath of the national foreclosure crisis, Governor Arnold [...]

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How Long do I Have to Wait After a Bankruptcy, Short Sale or Foreclosure?

by Scott Schang February 2, 2009 Credit & Qualifying

I get this question all the time and I finally got smart and decided to post it here for everyone….There are so many things I want to share and so little time to write about all of it!
The Guidelines are different depending on whether you’re using an FHA loan or a Conventional loan to purchase [...]