short sales Archives -

Put to rest the nightmare of a lender pursuing a deficiency judgment against you for mortgage debt forgiven in a California short sale. It’s not going to happen! Mortgage lenders are prohibited from obtaining a deficiency judgment following the short sale of a residential property with no more than four units. Junior lien holders are

San Diego Real Estate Market is Red Hot

April 28, 2012

First Time Buyers, Tips for Buyers

Bidding Wars for San Diego Homes? Advising buyers to take objective and athletic stance.

Ticking Time Bomb for Short Sales?

April 26, 2012

Foreclosures, Short Sales, Tips for Sellers

I just don’t know why the media isn’t headlining this issue week after week and coast to coast. The loss of this federal protection will certainly impact distressed homeowners in San Diego: The Mortgage Forgiveness Debt Relief Act expires December 31, 2012 This means that homeowners who delay until after 2012 to complete short sales

San Diego Foreclosure Halt: 3 Winners + 3 Losers

October 11, 2010

Foreclosures

2 Comments

San Diego real estate circles are abuzz with discussion about Bank of America’s (and others) foreclosure halt. The general consensus is that those buyers who acquired foreclosures and have already closed on them will likely be safe, especially if title insurance was in place. In jeopardy are those transactions in escrow or those in preparation

San Diego Real Estate Hunt: Trick or Treat?

October 31, 2009

Relocation, San Diego, Tips for Buyers, Tips for Sellers

by Roberta Murphy Carlsbad, CA–This past year has been tough for both San Diego real estate sellers–and buyers–and both sides of the fence have had to wonder if they are being tricked or treated by market conditions. Still, it’s a real estate hunt. On one hand, home sellers hear that we are in the toughest

Existing Home Sales Holding Steady

November 25, 2008

San Diego Homes for Sale, Tips for Buyers, Tips for Sellers

Existing Home Sales Have Been Remarkably Steady For More Than A Year

Let’s Resurrect Assumable Loans

September 29, 2008

Foreclosures, Market Trends, Tips for Buyers

7 Comments

by Roberta Murphy Why not resurrect assumable loans for real estate? The health of the San Diego real estate market hinges not only on home buyer demand, but also the ability of buyers to secure financing. At the same time, lenders are overwhelmed with short sales and foreclosures that hurt not only their balance sheets,

Want to Search for San Diego Foreclosures?

April 30, 2008

Foreclosures, San Diego News

by Roberta Murphy San Diego foreclosures and bank REO’s are quickly becoming the top request among many of our San Diego home buyers–so we decided to add a tool that we could use as well. It has become a necessity, because until banks can quickly expedite their short sales and offer them at reasonable prices, most

A San Diego Short Sale Solution

April 11, 2008

Foreclosures, Short Sales

5 Comments

A Solution and Alternative to San Diego Short Sales and Foreclosures

Merrill Lynch: Countrywide Bankruptcy Possible?

August 15, 2007

Foreclosures, San Diego News

by Roberta Murphy Countrywide Bankruptcy Merrill Lynch Analyst Kenneth Bruce suggests that Countrywide Financial could be headed toward a Chapter 11 filing. “Effective insolvency,” he says, could result if Countrywide is forced by creditors to sell assets at barn sale prices, or if investors lose confidence in Countrywide’s cash-raising abiility. Bruce has also downgraded Countrywide