Earlier this year, Bank of America started the new trend of banks trying to rent their foreclosed inventory rather than sell it. Now they’re going a step farther and looking to give away the homes!
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What would happen if local governments started seizing homes by eminent domain due to borrower delinquency? What kind of precedent would this set? Is it good or bad for stabilizing the housing market; or should we leave the market alone and let natural forces take over? 
Most homeowners who are offered Cash For Keys instead of an eviction accept the offer. There are, however, a small group of homeowners who do not realize that working with the system at this point is in their best interest. 
I recently sold a two unit property in Long Beach for one of my bank clients. This was an REO. Unfortunately, when it was assigned to me, I had no clue what I was getting myself into….. 
The State of California is currently working on passing a Homeowner Bill of Rights. Monday 7/2/2012 the State Senate and Assembly took a big step towards getting this passed as a bill. “The Assembly, by a vote of 53 to 25, and Senate, 24 to 13, approved the Foreclosure Reduction Act”. This Act aims to help homeowners who are still struggling with homeownership. One of the most impactful things the act does is to limit the bank/lender options of foreclosure while they are exploring options such as principal reductions or loan modifications. 
I recently sold an REO home in Placentia California. If you still think the real estate market is a dump, make sure you read this case study to be proven wrong. This case study will be an overview of what happened on this home from Foreclosure Sale through final Disposition. 
We’re pleased to announce that our new e-book California Real Estate: How To Pay Significantly Less Than Your Neighbors & Avoid Costly Mistakes is now available for download! We gave out a few copies over the weekend and have already gotten some positive feedback. Please let us know your thoughts. You can purchase 
A behind-the-scenes look into REO disposition. This is a case study of an REO home for sale in Fountain Valley, CA. 
This is a case study of a recent property I sold in Riverside, California. The purpose of this blog post is to familiarize you with the process of obtaining, listing, and selling an REO. This is a behind-the-scenes look into REO disposition. 
This is the final leg of our 4 part series entitled “California Eviction Process”. I will discuss the eviction process when the home is occupied by a tenant, or someone who rented from the previous owner of the home. These are the fourth and fifth of 5 possible outcomes when evicting a tenant in California. |
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