Category: Foreclosure Issues

How a Foreclosure Can Affect Your Credit Rating

Your credit rating can affect your ability to secure a loan for a home, vehicle, or business. Some employers even check potential employees’ credit scores. So your score can even affect your employment opportunities. Therefore, it is important for your future that you learn about your credit score and how a foreclosure may affect your […]

Five Tips to Secure a Successful Short Sale

Short sales are a preferable alternative to foreclosure for homeowners who owe more on their mortgages than their houses are worth. Short sales, however, can be stressful and time consuming. Getting the lender to sell for less than the mortgage balance is only the first step. If mistakes are made during the sale, it can […]

Servicing Company Loan Complaints on the Rise in California

In 2012, some of the largest banks in the country settled with the federal authorities for $26 billion over accusations of charging erroneous fees and wrongfully evicting homeowners. Now, these same abuses are on the rise among specialty firms known as servicers. These companies are designed to transfer payments from borrowers to lenders, but they […]

Foreclosures Drop, But Still Number in the Thousands Throughout Los Angeles

The number of foreclosures in Southern California has dropped dramatically in recent months. According to a study by the La Jolla-based DataQuick, the number of property owners who lost a home to foreclosure dropped from 10,604 during the last three months of 2012 to 4,005 during the last quarter of 2013. The number of defaults […]

California Foreclosures Remain at Low Levels

According to a report from PropertyRadar Inc., a real estate data company based in California, the Golden State’s foreclosures are closing in on their lowest levels since January 2007. The foreclosure process involves three steps. First, a Notice of Default is given, then a Notice of Trustee Sale. Finally, if no solution is found in […]

California Foreclosures on the Decline, Surge in Nevada

For the 21st consecutive month foreclosure activity has declined in California, according the RealtyTrac, the research firm which keeps track of such data. Overall foreclosures are down 62% from a year ago, which put California 12th nationally in foreclosure activity. California had been one of the top foreclosure states since 2008, but has now fallen […]