What Is a Short Sale and Who Does it Benefit?
A short sale can get a homeowner out from under a high-debt home. These sales can offer good deals to home buyers and sellers alike.
Similar Posts
When the Same Lender Has Both a Senior and Junior Deed of Trust.
ByadminIf the same lender has both a senior and junior deed of trust on the same security property, can that lender foreclose on the senior lien by trustee's sale, and then sue the debtor personally for the junior debt? The answer just got more complicated, thanks to a recent decision from California's Fourth Appellate District…
Most US Homes Are Worth Less Than Before the Crash
ByadminYou can't blame a homeowner in Fresno, California, for viewing the thriving metropolis to its northwest with both envy and dismay. While San Francisco home values have surged since the recession, Fresno's housing market is stuck in a rut. Foreclosure News
Florida man scams homeowners out of $43,000
ByadminA Tamarac, Fla., man scammed tens of thousands of dollars from three homeowners who were falling behind on their monthly payments during the mortgage crisis, investigators say. Michael Anthony Haynes is accused of persuading the homeowners to donate their homes to a “trust” he ran and then pay him rent. Foreclosure News
Toledano files for Chapter 11 protection to regain control of EV building
ByadminRaphael Toledano is going to bankruptcy court to try to regain control of an East Village property he claims Delshah Capital's Michael Shah “commandeered.” The controversial 27-year-old landlord filed for Chapter 11 bankruptcy protection for the property at 97 Second Avenue between East 5th and 6th streets, the Commercial Observer reported. Foreclosure News
Woman, 70, sent to prison in ‘jaw-dropping’ $7.5M Ponzi scheme
ByadminA 70-year-old woman was sentenced to prison in a $ 7.5 million Ponzi scheme that damaged investors' financial security, and in some cases, wiped out retirement savings. The shock over Sarah Bolhuis' crimes has turned into “daily stress” for the victims, Assistant U.S. Attorney Christopher O'Connor said in a sentencing memorandum. Foreclosure News
Elgin group needs help saving 1885 David C. Cook mansion
ByadminFlashlight in hand, Dan Miller has roamed the dank, empty rooms of the David C. Cook mansion in Elgin dozens of times. He's shown it to fellow historic house lovers, couples interested in giving it new life and curious reporters. Foreclosure News